29516 Federal Register / Vol. 66, No. 105 / Thursday, May 31, 2001 / Proposed Rules

owner/operator must request approval for an

alternative method of compliance per

paragraph (d) of this AD. The request should

include an assessment of the effect of the

modification, alteration, or repair on the

unsafe condition addressed by this AD; and,

if the unsafe condition has not been

eliminated, the request should include

specific proposed actions to address it.

Compliance: Required as indicated, unless

accomplished previously.

To prevent excessive in-flight vibrations of

the elevator tab, which could lead to loss of

the elevator tab and consequent loss of

controllability of the airplane, accomplish

the following:

Initial/Repetitive Inspections

(a) Do the applicable initial detailed visual/

free play inspections of the elevator tab

assembly on the left and right sides of the

airplane to find any damage or discrepancy

per Work Package I of Boeing Service

Bulletin 737–55A1070, Revision 1, dated

May 10, 2001; at the times specified in

paragraph (a)(1) or (a)(2) of this AD, as

applicable. Repeat the free-play inspections

after that at intervals not to exceed 1,500

flight cycles or 2,000 flight hours, whichever

comes first, per either Work Package II or

Work Package III of the service bulletin.

Note 2: There is a one-way

interchangeability between the free-play

inspections specified in Work Packages II

and III. The repetitive free-play inspections

specified in Work Package II can be replaced

by the repetitive free-play inspections

specified in Work Package III. But the

repetitive free-play inspections specified in

Work Package III cannot be replaced by the

repetitive free-play inspections specified in

Work Package II.

(1) For airplanes having less than 4,500

total flight cycles: Before the accumulation of

4,500 total flight cycles or within 120 days

after the effective date of this AD, whichever

comes later.

(2) For airplanes having 4,500 or more total

flight cycles: Do the inspections at the times

specified in paragraph (a)(2)(i) or (a)(2)(ii), as

applicable.

(i) Within 120 days after the effective date

of this AD.

(ii) If the initial inspections were done

before the effective date of this AD per

Boeing All Operator Telex M–7200–00–

00034, dated February 15, 2000: Within 1,500

flight cycles or 2,000 flight hours after the

effective date of this AD, whichever comes

later.

Note 3: Initial inspections done before the

effective date of this AD per Boeing Alert

Service Bulletin 737–55A1070, dated January

13, 2000, are considered acceptable for

compliance with the initial inspections

required by paragraph (a) of this AD.

Note 4: For the purposes of this AD, a

detailed inspection is defined as: ‘‘An

intensive visual examination of a specific

structural area, system, installation or

assembly to find damage, failure or

irregularity. Available lighting is normally

supplemented with a direct source of good

lighting at intensity deemed appropriate by

the inspector. Inspection aids such as mirror,

magnifying lenses, etc. may be used. Surface

cleaning and elaborate access procedures

may be required.’’

(b) Within 4,500 flight cycles or 6,000

flight hours, whichever comes first, after

doing the initial inspections required by

paragraph (a) of this AD: Do the free-play

inspections of the elevator tab assembly on

the left and right sides of the airplane to find

any damage or discrepancy per Work Package

III of Boeing Service Bulletin 737–55A1070,

Revision 1, dated May 10, 2001. Repeat the

inspections after that at intervals not to

exceed 4,500 flight cycles or 6,000 flight

hours, whichever comes first.

Corrective Actions

(c) If any damage or discrepancy is found

after doing any inspection required by

paragraphs (a) and (b) of this AD, before

further flight, do the applicable corrective

action per the Accomplishment Instructions

of Boeing Service Bulletin 737–55A1070,

Revision 1, dated May 10, 2001.

Alternative Methods of Compliance

(d) An alternative method of compliance or

adjustment of the compliance time that

provides an acceptable level of safety may be

used if approved by the Manager, Seattle

Aircraft Certification Office (ACO), FAA.

Operators shall submit their requests through

an appropriate FAA Principal Maintenance

Inspector, who may add comments and then

send it to the Manager, Seattle ACO.

Note 5: Information concerning the

existence of approved alternative methods of

compliance with this AD, if any, may be

obtained from the Seattle ACO.

Special Flight Permit

(e) Special flight permits may be issued per

§§ 21.197 and 21.199 of the Federal Aviation

Regulations (14 CFR 21.197 and 21.199) to

operate the airplane to a location where the

requirements of this AD can be

accomplished.

Issued in Renton, Washington, on May 23,

2001.

Vi L. Lipski,

Manager, Transport Airplane Directorate,

Aircraft Certification Service.

[FR Doc. 01–13582 Filed 5–30–01; 8:45 am]

BILLING CODE 4910–13–P

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

14 CFR Part 71

[Airspace Docket No. 01–AEA–15]

Notice of Proposed Rulemaking

AGENCY: Federal Aviation

Administration (FAA), DOT.

SUMMARY: This notice proposes to

establish Class E airspace at Pelham

Lake, VA. A helicopter Point in Space

approach, has been developed for

Culpeper Memorial Hospital, located in

the vicinity of Pelham Lake, VA.

Controlled airspace extending upward

from 700 feet to 1200 feet Above Ground

Level (AGL) is needed to contain aircraft

executing the approach. This action

proposes to establish Class E airspace to

include the Point in Space approach to

Culpeper Memorial Hospital Heliport.

The area would be depicted on

aeronautical charts for pilot reference.

DATES: Comments must be received on

or before July 2, 2001.

ADDRESSES: Send comments on the

proposal in triplicate to: Manager,

Airspace Branch, AEA–520, Docket No.

01–AEA–15, F.A.A. Eastern Region, 1

Aviation Plaza, Jamaica, NY 11434–

4809.

The official docket may be examined

in the Office of the Regional Counsel,

AEA–7, F.A.A. Eastern Region, 1

Aviation Plaza, Jamaica, NY 11434–

4809.

An informal docket may also be

examined during normal business hours

in the Airspace Branch, AEA–520,

F.A.A. Eastern Region, 1 Aviation Plaza,

Jamaica, NY 11434–4809.

FOR FURTHER INFORMATION CONTACT: Mr.

Francis T. Jordan, Jr., Airspace

Specialist, Airspace Branch, AEA–520

F.A.A. Eastern Region, 1 Aviation Plaza,

Jamaica, NY 11434–4809; telephone:

(718) 553–4521.

SUPPLEMENTARY INFORMATION:

Comments Invited

Interested parties are invited to

participate in this proposed rulemaking

by submitting such written data, views,

or arguments as they may desire.

Comments that provide the factual basis

supporting the views and suggestions

presented are particularly helpful in

developing reasoned regulatory

decisions on the proposal. Comments

are specifically invited on the overall

regulatory, economic, environmental,

and energy-related aspects of the

proposal. Communications should

identify the airspace docket number and

be submitted in triplicate to the address

listed above. Commenters wishing the

FAA to acknowledge receipt of their

comments on this notice must submit

with those comments a self-addressed,

stamped postcard on which the

following statement is made:

‘‘Comments to Airspace Docket No. 01–

AEA–15’’. The postcard will be date/

time stamped and returned to the

commenter. All communications

received on or before the closing date

for comments will be considered before

taking action on the proposed rule. The

proposal contained in this notice may

be changed in light of comments

received. All comments submitted will

be available for examination in the

Federal Register / Vol. 66, No. 105 / Thursday, May 31, 2001 / Proposed Rules 29517

1Pub. L. 106–554, 114 Stat. 2763. The text of the

CFMA may be accessed at http://www.cftc.gov/

files/ogc/ogchr5660.pdf.

2See section 251(a)(2) of the CFMA. Previously,

section 2(a)(1)(B)(v) of the Act had prohibited the

trading of security futures products.

The term ‘‘security futures product’’ is defined in

section 1a(32) of the Act to mean ‘‘a security future

or any put, call, straddle, option, or privilege on any

security future.’’ The term ‘‘security future’’ is

defined in section 1a(31) of the Act and specifically

Continued

Rules Docket both before and after the

closing date for comments. A report

summarizing each substantive public

contact with the FAA personnel

concerned with this rulemaking will be

filed in the docket.

Availability of NPRMs

Any person may obtain a copy of this

Notice of Proposed Rulemaking (NPRM)

by submitting a request to the Office of

the Regional Counsel, AEA–7, F.A.A.

Eastern Region, 1 Aviation Plaza,

Jamaica, NY, 11434–4809.

Communications must identify the

notice number of this NPRM. Persons

interested in being placed on a mailing

list for future NPRMs should also

request a copy of Advisory Circular No.

11–2A, which describes the application

procedure.

The Proposal

The FAA is considering an

amendment to Part 71 of the Federal

Aviation Regulations (14 CFR Part 71) to

establish Class E airspace area at Pelham

Lake, VA. An Area Navigation (RNAV)

Point in Space Approach has been

developed for Culpeper Memorial

Hospital Heliport located in the vicinity

of Pelham Lake, VA. Controlled airspace

extending upward from 700 feet AGL is

needed to accommodate the approach.

Class E airspace designations for

airspace areas extending upward from

700 feet or more above the surface are

published in Paragraph 6005 of FAA

Order 7400.9H, dated September 1,

2000, and effective September 16, 2000,

which is incorporated by reference in 14

CFR 71.1. The Class E airspace

designation listed in this document

would be published subsequently in the

Order.

The FAA has determined that this

proposed regulation only involves an

established body of technical

regulations for which frequent and

routine amendments are necessary to

keep them operationally current.

Therefore, this proposed regulation—(1)

is not a ‘‘significant regulatory action’’

under Executive Order 12866; (2) is not

a ‘‘significant rule’’ under DOT

Regulatory Policies and Procedures (44

FR 11034; February 26, 1979) and (3)

does not warrant preparation of a

regulatory evaluation as the anticipated

impact is so minimal. Since this is a

routine matter that would only affect air

traffic procedures and air navigation, it

is certified that this proposed rule

would not have significant economic

impact on a substantial number of small

entities under the criteria of the

Regulatory Flexibility Act.

List of Subjects in 14 CFR Part 71

Airspace, Incorporation by reference,

Navigation (air).

The Proposed Amendment

In consideration of the foregoing, the

Federal Aviation Administration

proposes to amend 14 CFR Part 71 as

follows:

PART 71—[AMENDED]

1. The authority citation for 14 CFR

Part 71 continues to read as follows:

Authority: 49 U.S.C. 106(g), 40103, 40113,

40120; EO 10854, 24 FR 9565, 3 CFR, 1959–

1963 Comp., p. 389.

§ 71.1 [Amended]

2. The incorporation by reference in

14 CFR 71.1 of Federal Aviation

Administration order 7400.9H dated

September 1, 2000, and effective

September 16, 2000, is proposed to be

amended as follows:

Paragraph 6005 Class E airspace areas

extending upward from 700 feet or more

above the surface of the earth

* * * * *

AEA VA E5, Pelham Lake, VA (NEW)

Culpeper Memorial Hospital Heliport

(Lat. 38° 27′ 54′′N—long. 78° 01′ 06′′W)

That airspace extending upward from 700

feet above the surface within a 6 mile radius

of Culpepper Memorial Hospital Heliport.

* * * * *

Issued in Jamaica, New York on May 17,

2001.

F. D. Hatfield,

Manager, Air Traffic Division, Eastern Region.

[FR Doc. 01–13674 Filed 5–30–01; 8:45 am]

BILLING CODE 4910–13–M

COMMODITY FUTURES TRADING

COMMISSION

17 CFR Parts 41 and 140

RIN 3038–AB82

Designated Contract Markets in

Security Futures Products: NoticeDesignation Requirements, Continuing

Obligations, Applications for

Exemptive Orders, and Exempt

Provisions

AGENCY: Commodity Futures Trading

Commission.

ACTION: Proposed rulemaking and

request for comment.

SUMMARY: The Commodity Futures

Trading Commission today proposes

new regulations which would provide

notice procedures for a national

securities exchange, a national

securities association, or an alternative

trading system to become a designated

contract market in security futures

products, in accordance with the

Commodity Futures Modernization Act

of 2000. The proposed regulations also

would establish limited filing

requirements for such notice-designated

contract markets, in accordance with

certain provisions of the Commodity

Exchange Act, and would establish

procedures permitting such noticedesignated contract markets to apply for

exemptive relief from any section of the

Commodity Exchange Act or regulations

thereunder, to the extent such an

exemption is necessary or appropriate

in the public interest and is consistent

with the protection of investors.

DATES: Comments must be received by

July 2, 2001.

ADDRESSES: Comments on the proposed

rulemaking may be sent to Jean A.

Webb, Secretary of the Commission,

Commodity Futures Trading

Commission, Three Lafayette Centre,

1155 21st Street, NW., Washington, DC

20581. In addition, comments may be

sent by facsimile to (202) 418–5536 or

by electronic mail to secretary@cftc.gov.

Reference should be made to

‘‘Designated Contract Markets in

Security Futures Products.’’

FOR FURTHER INFORMATION CONTACT:

Joshua R. Marlow, Attorney-Advisor, or

David P. Van Wagner, Associate

Director, Division of Trading and

Markets, Commodity Futures Trading

Commission, Three Lafayette Centre,

1155 21st Street, NW., Washington, DC

20581, (202) 418–5490, electronic mail:

jmarlow@cftc.gov or

dvanwagner@cftc.gov.

SUPPLEMENTARY INFORMATION:

I. Background

On December 21, 2000, the

Commodity Futures Modernization Act

of 2000 (‘‘CFMA’’) was signed into law.1

Among other things, the CFMA added a

provision to the Commodity Exchange

Act (‘‘Act’’) that permits the trading of

security futures products under the

shared jurisdiction of the Commodity

Futures Trading Commission

(‘‘Commission’’ or ‘‘CFTC’’) and the

Securities and Exchange Commission

(‘‘SEC’’).2 Under the amended law,