[Federal Register Volume 66, Number 83 (Monday, April 30, 2001)]
[Rules and Regulations]
[Page 21287]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-10629]


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FEDERAL COMMUNICATIONS COMMISSION

47 CFR Part 27

[WT Docket No. 99-168; FCC 00-330]


Service Rules for the 746-764 and 776-794 MHz Bands; Correction

<BD>AGENCY: <RM>Federal Communications Commission.

<BD>ACTION: <RM>Final rule; correction.

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<BD>SUMMARY: <RM>On February 15, 2001, (66 FR 10374), the Commission 
published final rules in the Second Memorandum Opinion and Order. This 
document dismissed a petition for reconsideration as moot and adopted a 
special rule on default payments for auctions of licenses in the 746-
764 and 776-794 MHz bands that would use a package bidding design.

<BD>DATES: <RM>Effective April 30, 2001.

<BD>FOR FURTHER INFORMATION CONTACT: <RM>Howard Davenport, Attorney, 
Auctions Legal Branch at (202) 418-0660.

<BD>SUPPLEMENTARY INFORMATION: <RM>The Commission published a document 
amending part 27 in the <CS>Federal Register <RM>of February 15, 2001 
(66 FR 10374). This document corrects the <CS>Federal Register <RM>as 
it appeared. In rule FR Doc. 01-3786 published February 15, 2001 (66 FR 
10374), the Commission is correcting paragraph 16 and Sec. 27.501 to 
include text that was inadvertently omitted.

    In rule FR Doc. 01-3786 published on February 15, 2001 (66 FR 
10374) make the following corrections:
    1. On page 10377, in the first column and starting on line 7, 
paragraph 16 is corrected by adding a sentence at the end of the 
paragraph to reads as follows:

In determining whether the defaulted bid(s) or the subsequent winning 
bid(s) is the lesser amount, we will compare the defaulted and 
subsequent bid(s) according to the same rules we set forth in paragraph 
15 for calculation of the deficiency portion of the default payment.


Sec. 27.501  [CORRECTED]

    2. On page 10377, in the first and second column in Sec. 27.501 the 
addition of paragraph (b) introductory text is corrected to read as 
follows:


Sec. 27.501  746-764 MHz and 776-794 MHz bands subject to competitive 
bidding.

* * * * *
    (b) For auctions of licenses in the 747-762 and 777-792 MHz Bands 
using a package bidding design, the payments imposed on bidders who 
default on payments due after an auction closes or who are 
disqualified, set forth in Sec. 1.2104(g) of this chapter, shall be 
calculated as follows. The default payment consists of a deficiency 
portion and an additional payment. The additional payment shall be 25 
percent of the subsequent winning bid or the defaulted bid, whichever 
is less. In the case that either the subsequent winning bid or the 
defaulted bid is subject to bidding credits, the additional payment 
will be calculated in an analogous manner to that used in 
Sec. 1.2104(g)(2) of this chapter. The deficiency portion of the 
default payment shall be calculated as set forth in Sec. 27.501(b)(1) 
through (b)(4). In the case that any of the relevant bids are subject 
to bidding credits, the default payment will be adjusted in an 
analogous manner to that used in Sec. 1.2104(g)(1) of this chapter. In 
calculating the additional payment portion of the default payment, to 
determine whether the defaulted bid(s) or the subsequent winning bid(s) 
is the lesser amount, the defaulted and subsequent bid(s) will be 
compared according to the rules set forth in paragraphs (b)(1) through 
(4) of this section for calculation of the deficiency portion of the 
default payment.
* * * * *

Federal Communications Commission.
Magalie Roman Salas,
Secretary.
[FR Doc. 01-10629 Filed 4-27-01; 8:45 am]
BILLING CODE 6712-01-M