Federal Register / Vol. 60, No. 100 / Wednesday, May 24, 1995 / Notices 27589

1 Investment Company Act Release No. 8456

(Aug. 9, 1974).

apart from the value of the apartment

complexes owned by the Local Limited

Partnerships, and cannot be sold

without severe adverse tax

consequences.

4. Applicants believe that the two-tier

structure is consistent with the purposes

and criteria set forth in the SEC’s release

concerning two-tier real estate

partnerships (the ‘‘Release’’).1 The

Release states that investment

companies that are two-tier real estate

partnerships that invest in limited

partnerships engaged in the

development and operation of housing

for low and moderate income persons

may qualify for an exemption from the

Act pursuant to section 6(c). Section

6(c) provides that the SEC may exempt

any person from any provision of the

Act and any rule thereunder, if, and to

the extent that, such exemption is

necessary or appropriate in the public

interest and consistent with the

protection of investors and the purposes

fairly intended by the policy and

provisions of the Act.

5. The Release lists two conditions,

designed for the protection of investors,

which must be satisfied by two-tier

partnerships to qualify for the

exemption under section 6(c). First,

interests in the issuer should be sold

only to persons for whom investments

in limited profit, essentially tax-shelter,

investments would not be unsuitable.

Second, requirements for fair dealing by

the general partner of the issuer with the

limited partners of the issuer should be

included in the basic organizational

documents of the company.

6. Applicants assert, among other

things, that the suitability standards set

forth in the application the

requirements for fair dealing provided

by the Partnership Agreement, and

pertinent governmental regulations

imposed on each Local Limited

Partnership by various Federal, state,

and local agencies provided protection

to investors in Units comparable to that

provided by the Act. In addition,

applicants assert that the requested

exemption is both necessary and

appropriate in the public interest.

For the Commission, by the Division of

Investment Management, pursuant to

delegated authority.

Maragret H. McFarland,

Deputy Secretary.

[FR Doc. 95–12700 Filed 5–23–95; 8:45 am]

BILLING CODE 8010–01–M

SMALL BUSINESS ADMINISTRATION

Investment Advisory Council; Public

Meeting

The U.S. Small Business

Administration Investment Advisory

Councils will hold a public meeting on

Thursday, June 8, 1995, from 10:00 a.m.

to 3:00 p.m. at the ANA Hotel, located

at 2401 M Street, N.W., Washington, DC,

to discuss such matters as may be

presented by members, staff of the U.S.

Small Business Administration, or

others present.

For further information, write or call

Ed Cleveland, Office of Investments,

U.S. Small Business Administration,

409 Third Street SW., Washington, DC,

(202) 205–6510.

Dorothy A. Overal,

Director, Office of Advisory Councils.

[FR Doc. 95–12656 Filed 5–23–95; 8:45 am]

BILLING CODE 8025–01–M

DEPARTMENT OF TRANSPORTATION

Office of the Secretary

Reports, Forms and Recordkeeping

Requirements

AGENCY: Department of Transportation

(DOT), Office of the Secretary.

ACTION: Notice.

SUMMARY: This notice lists those forms,

reports, and recordkeeping requirements

imposed upon the public which were

transmitted by the Department of

Transportation to the Office of

Management and Budget (OMB) for its

approval in accordance with the

requirements of the Paperwork

Reduction Act of 1980 (44 USC Chapter

35).

DATE: May 18, 1995.

ADDRESSES: Written comments on the

DOT information collection requests

should be forwarded, as quickly as

possible, to Edward Clarke, Office of

Management and Budget, New

Executive Office Building, Room 10202,

Washington, D.C. 20503. If you

anticipate submitting substantive

comments, but find that more than 10

days from the date of publication are

needed to prepare them, please notify

the OMB official of your intent

immediately.

FOR FURTHER INFORMATION CONTACT:

Copies of the DOT information

collection requests submitted to OMB

may be obtained from Susan Pickrel or

Annette Wilson, Information

Management Division, M–34, Office of

the Secretary of Transportation, 400

Seventh Street SW., Washington, D.C.

20590, (202) 366–4735.

SUPPLEMENTARY INFORMATION: Section

3507 of Title 44 of the United States

Code, as adopted by the Paperwork

Reduction Act of 1980, requires that

agencies prepare a notice for publication

in the Federal Register, listing those

information collection requests

submitted to OMB for approval or

renewal under that Act. OMB reviews

and approves agency submissions in

accordance with criteria set forth in that

Act. In carrying out its responsibilities,

OMB also considers public comments

on the proposed forms and the reporting

and recordkeeping requirements. OMB

approval of an information collection

requirement must be renewed at least

once every three years.

Items Submitted to OMB for Review

The following information collection

requests were submitted to OMB on

May 18, 1995:

DOT No: 4052

OMB No: 2133–0025

Administration: Maritime

Administration

Title: Position Reporting System for

Vessels (AMVER/USMER)

Need for Information: Section 204(b),

212(A), 1203(a)—Merchant Marine

Act 1936, as amended (46 U.S.C.

1114(b), 1122.a, 1283; Public Law 97–

31 (95 Stat. 157 August 6, 1981); 46

CFR 307 (51 18329 May 19, 1986); 49

CFR 1.66 (46FR 47458 September 28,

1981.

Proposed Use of Information: The

information will provide a current

plot of U.S. flag and certain non-flag

ships to allow for immediate

marshalling of ships for national

defense purposes and for search and

rescue for safety of life at sea.

Frequency: Every 48 hours at sea, arrival

and departure, and changes to

previous informaton

Burden Estimate: 11,600

Respondents: Ship Operators

Form(s): CG–4796–A, CG–4796–A (MA)

Average Burden Hours Per Response:

53.53 hours

DOT No: 4053

OMB No: 2115–0073

Administration: United States Coast

Guard

Title: Alternate Compliance—

International Navigation Rules,

Alternate Compliance—Inland

Navigation Rules

Need for Information: The International

Regulations for Preventing Collisions

at Sea, 1972 (33 U.S.C. 1601 et. seg.)

and the Inland Navigational Rules Act

of 1980 (33 U.S.C. 2001 et. seq.)

adopted a uniform system of