Federal Register / Vol. 60, No. 241 / Friday, December 15, 1995 / Rules and Regulations 64329

PART 2676—[AMENDED]

3. The authority citation for part 2676

continues to read as follows:

Authority: 29 U.S.C. 1302(b)(3),

1399(c)(1)(D), 1441(b)(1).

4. In appendix B, Rate Set 27 is added

to Table I, and a new entry is added to

Table II, as set forth below. The

introductory text of both tables is

republished for the convenience of the

reader and remains unchanged.

Appendix B to Part 2676—Interest

Rates Used To Value Lump Sums and

Annuities

Lump Sum Valuations

In determining the value of interest factors

of the form v0n: (as defined in § 2676.13(b)(1))

for purposes of applying the formulas set

forth in § 2676.13 (b) through (i) and in

determining the value of any interest factor

used in valuing benefits under this subpart

to be paid as lump sums, the PBGC shall use

the values of it prescribed in Table I hereof.

The interest rates set forth in Table I shall be

used by the PBGC to calculate benefits

payable as lump sum benefits as follows:

(1) For benefits for which the participant

or beneficiary is entitled to be in pay status

on the valuation date, the immediate annuity

rate shall apply.

(2) For benefits for which the deferral

period is y years (y is an integer and 0 < y

± n1), interest rate i1 shall apply from the

valuation date for a period of y years;

thereafter the immediate annuity rate shall

apply.

(3) For benefits for which the deferral

period is y years (y is an integer and n1 < y

≤ n1 + n2), interest rate i2 shall apply from the

valuation date for a period of y ¥ n1 years,

interest rate i1 shall apply for the following

n1 years; thereafter the immediate annuity

rate shall apply.

(4) For benefits for which the deferral

period is y years (y is an integer and y > n1

+ n2), interest rate i3 shall apply from the

valuation date for a period of y ¥ n1 ¥ n2

years, interest rate i2 shall apply for the

following n2 years, interest rate i1 shall apply

for the following n1 years; thereafter the

immediate annuity rate shall apply.

TABLE I

[Lump sum valuations]

Rate set

For plans with a valuation date Immediate annuity rate (percent)Deferred annuities (percent)

On or after Before i1 i2 i3 n1 n2

* * * * * * *

27 1–1–96 2–1–96 4.50 4.00 4.00 4.00 7 8

Annuity Valuations

In determining the value of interest factors

of the form v0n: (as defined in § 2676.13(b)(1))

for purposes of applying the formulas set

forth in § 2676.13(b) through (i) and in

determining the value of any interest factor

used in valuing annuity benefits under this

subpart, the plan administrator shall use the

values of it prescribed in the table below.

The following table tabulates, for each

calendar month of valuation ending after the

effective date of this part, the interest rates

(denoted by i1, i2, * * *, and referred to

generally as it) assumed to be in effect

between specified anniversaries of a

valuation date that occurs within that

calendar month; those anniversaries are

specified in the columns adjacent to the

rates. The last listed rate is assumed to be in

effect after the last listed anniversary date.

TABLE II

[Annuity valuations]

For valuation dates occurring in the month—

The values of it are:

it for t = it for t = it for t =

* * * * * * *

January 1996 ....................................................................................................................... .0560 1–20 .0475 >20 N/A ... N/A

Issued in Washington, DC, on this 11th day

of December 1995.

Martin Slate,

Executive Director, Pension Benefit Guaranty

Corporation.

[FR Doc. 95–30496 Filed 12–14–95; 8:45 am]

BILLING CODE 7708–01–P

ENVIRONMENTAL PROTECTION

AGENCY

40 CFR Part 60

[FRL–5346–7]

Standards of Performance for New

Stationary Sources; Supplemental

Delegation of Authority to Mississippi

AGENCY: Environmental Protection

Agency (EPA).

ACTION: Informational notice.

SUMMARY: On September 29, 1995, the

state of Mississippi, through the

Department of Environmental Quality,

requested that EPA delegate authority

for implementation and enforcement of

an amended category of the New Source

Performance Standards (NSPS). Since

EPA’s review of Mississippi’s pertinent

laws, rules, and regulations showed

them to be adequate and effective

procedures for the implementation and

enforcement of these Federal standards,

EPA has made the delegation as

requested.

EFFECTIVE DATE: The effective date of the

delegation of authority is October 30,

1995.

ADDRESSES: Copies of the request for

delegation of authority and EPA’s letter

of delegation are available for public

inspection during normal business

hours at the following locations.
64330 Federal Register / Vol. 60, No. 241 / Friday, December 15, 1995 / Rules and Regulations

Environmental Protection Agency,

Region 4, Air Programs Branch, 345

Courtland Street, Atlanta, Georgia

30365.

Mississippi Department of

Environmental Quality, Bureau of

Pollution Control, Air Quality

Division, P.O. Box 10385, Jackson,

Mississippi 39289–0385.

Effective immediately, all requests,

applications, reports and other

correspondence required pursuant to

the newly delegated standards should

not be submitted to the Region 4 office,

but should instead be submitted to the

following address: Office of Pollution

Control, Mississippi Department of

Environmental Quality, P.O. Box 10385,

Jackson, Mississippi 39289–0385.

FOR FURTHER INFORMATION CONTACT:

Scott M. Martin, Regulatory Planning

and Development Section, Air Programs

Branch, United States Environmental

Protection Agency, Region 4, 345

Courtland Street N.E., Atlanta, Georgia

30365, (404) 347–3555, x4216.

SUPPLEMENTARY INFORMATION: Section

301, in conjunction with Sections 110

and 111(c)(1) of the Clean Air Act as

amended November 15, 1990,

authorizes EPA to delegate authority to

implement and enforce the standards set

out in 40 CFR Part 60, (NSPS).

On November 10, 1981, EPA initially

delegated the authority for

implementation and enforcement of the

NSPS programs to the state of

Mississippi. On September 29, 1995,

Mississippi requested a delegation of

authority for implementation and

enforcement of the following NSPS

category found in 40 CFR Part 60.

Automobile and Light Duty Truck Surface

Coating Operations, as amended by 59 FR

51383 (October 11, 1994), as specified in 40

CFR 60, Subpart MM.

After a thorough review of the

request, the Regional Administrator

determined that such a delegation was

appropriate for this source category with

the conditions set forth in the original

delegation letter of November 30, 1981.

Mississippi sources subject to the

requirements of this subpart will now be

under the jurisdiction of Mississippi.

Since review of the pertinent

Mississippi laws, rules, and regulations

showed them to be adequate for the

implementation and enforcement of the

aforementioned category of NSPS, the

EPA hereby notifies the public that it

has delegated the authority for the

source category listed above on October

30, 1995. The Office of Management and

Budget has exempted this rule from the

requirements of section 6 of Executive

Order 12866.

Authority: This notice is issued under the

authority of sections 101, 111, and 301 of the

Clean Air Act, as Amended (42 U.S.C. 7401,

7411, and 7601).

Dated: November 22, 1995.

Patrick M. Tobin,

Acting Regional Administrator.

[FR Doc. 95–30553 Filed 12–14–95; 8:45 am]

BILLING CODE 6560–50–P

40 CFR Part 63

[AD–FRL–5335–3]

RIN 2060–AD98

National Emission Standards for

Hazardous Air Pollutants for

Shipbuilding and Ship Repair (Surface

Coating) Operations

AGENCY: Environmental Protection

Agency (EPA).

ACTION: Final rule.

SUMMARY: This action promulgates

national emission standards for

hazardous air pollutants (NESHAP)

under Section 112 of the Clean Air Act

as amended in 1990 (CAA) for

shipbuilding and ship repair (surface

coating) operations. The NESHAP

requires existing and new major sources

to control emissions using the

maximum achievable control

technology (MACT) to control

hazardous air pollutants (HAP).

The MACT described herein is based

on maximum HAP limits for various

categories of marine coatings. Surface

coating operations at shipyards are the

focus of the NESHAP, and a variety of

HAP are used as solvents in marine

coatings. The HAP emitted by the

facilities covered by this final rule

include xylene, toluene, ethylbenzene,

methyl ethyl ketone, methyl isobutyl

ketone, ethylene glycol, and glycol

ethers. All of these pollutants can cause

reversible or irreversible toxic effects

following exposure. The potential toxic

effects include irritation of the eye,

nose, throat, and skin and damage to the

blood cells, heart, liver, and kidneys.

The final rule is estimated to reduce

baseline emissions of HAP by 24

percent or 318.5 megagrams per year

(Mg/yr) (350 tons per year (tpy)).

The emissions reductions achieved by

these standards, combined with the

emissions reductions achieved by

similar standards, will achieve the

primary goal of the CAA, which is to

‘‘enhance the quality of the Nation’s air

resources so as to promote the public

health and welfare and productive

capacity of its population’’. The intent

of this final regulation is to protect the

public health by requiring the maximum

degree of reduction in emissions of

volatile organic hazardous air pollutants

(VOHAP) from new and existing

sources, taking into consideration the

cost of achieving such emission

reduction, any nonair quality, health

and environmental impacts, and energy

requirements.

DATES: The effective date is December

15, 1995. Incorporation by reference of

certain publications listed in the

regulations is approved by the director

of the Federal Register as of December

15, 1995.

ADDRESSES: Background Information

Document. The background information

document (BID) for the promulgated

standards may be obtained from the U.S.

Department of Commerce, National

Technical Information Service (NTIS),

Springfield, Virginia, 22161, telephone

number (703) 487–4650. Please refer to

‘‘National Emission Standards for

Hazardous Air Pollutants for

Shipbuilding and Ship Repair Facilities

(Surface Coating)—Background

Information Document for Final

Standards,’’ EPA–453/R–95–016b. The

BID contains (1) a summary of the

changes made to the standards since

proposal and (2) a summary of all the

public comments made on the proposed

standards and the Administrator’s

response to the comments.

Electronic versions of the

promulgation BID as well as this final

rule are available for download from the

EPA’s Technology Transfer Network

(TTN), a network of electronic bulletin

boards developed and operated by the

Office of Air Quality Planning and

Standards. The TTN provides

information and technology exchange in

various areas of air pollution control.

The service is free, except for the cost

of a phone call. Dial (919) 541–5742 for

data transfer of up to a 14,400 bits per

second. If more information on TTN is

needed, contact the systems operator at

(919) 541–5384.

Docket. Docket No. A–92–11,

containing supporting information used

in developing the promulgated

standards, is available for public

inspection and copying from 8 a.m. to

5:30 p.m., Monday through Friday, at

the EPA’s Air and Radiation Docket and

Information Center, Waterside Mall,

Room M–1500, Ground Floor, 401 M

Street SW, Washington, DC 20460. A

reasonable fee may be charged for

copying.

FOR FURTHER INFORMATION CONTACT: Dr.

Mohamed Serageldin at (919) 541–2379,

Emission Standards Division (MD–13),

U.S. Environmental Protection Agency,

Research Triangle Park, North Carolina

27711.