65720 Federal Register / Vol. 60, No. 244 / Wednesday, December 20, 1995 / Notices

1The Government Securities Fund will invest

exclusively in securities issued or backed by the

U.S. Government or its agencies or instrumentalities

and in repurchase agreements collateralized with

such securities (‘‘U.S. Government Securities’’). The

Money Market Fund will invest in a variety of U.S.

dollar-denominated instruments, including U.S.

Government Securities, corporate debt obligations,

commercial paper, time deposits, certificates of

deposit and bankers acceptances, obligations of

foreign governments and supranational

organizations and shares of money market mutual

funds. All investments of the Government

Securities Fund and the Money Market Fund will

qualify as ‘‘eligible securities’’ within the meaning

of rule 2a–7 under the Act. The Short-Term Fund

will invest in a variety of securities, the maximum

effective duration of which will not exceed five

years.

sooner by the formation of JV ESCO or

by the decision of one or both of

Cogenex and Westar. Cogenex and

Westar will assign all contracts and

business opportunities obtained during

the Interim Period within the Territory

at cost by JV ESCO. Cogenex and Westar

will also be reimbursed by JV ESCO for

their expenses incurred during the

Interim Period but not previously

reimbursed.

Cogenex and Westar also propose to

guarantee third party loans to JV ESCO

for up to an aggregate of $15 million.

Cogenex states that such guarantees

shall be made within five years of the

formation of JV ESCO. Cogenex also

states that any amount borrowed by JV

ESCO from third party lenders will be

through loans exempt from the

requirement of Commission

authorization pursuant to rule 52(b).

Cogenex requests that any goods or

services furnished by Cogenex or any of

its associate companies (other than an

associate company which is a public

utility company) to JV ESCO be

furnished at prices not to exceed market

prices pursuant to an exception from the

requirements of section 13(b) and rules

90 and 91 thereunder. JV ESCO will not

be providing goods or services to

Cogenex or its associate companies.

Hope Gas, Inc., et al. (70–8757)

Hope Gas, Inc. (‘‘Hope Gas’’), Bank

One Center, Clarksburg, West Virginia,

26302–2868, a gas public utility

subsidiary company of Consolidated

Natural Gas Company (‘‘CNG’’), a

registered holding company, and CNG

Producing Company (‘‘CNGP’’), 1450

Poydras Street, New Orleans, Louisiana,

70112–6000, a gas and oil exploration

and production subsidiary company of

CNG, have filed an application under

sections 9(a) and 10 of the Act and rules

43 and 54 thereunder.

Hope Gas has signed a binding letter

of intent, contingent upon Commission

approval, to sell all of its production

wells to CNGP. The sale price of

approximately $4.6 million is the net

book value of all the production

properties as shown on Hope Gas’ books

of account as maintained in the ordinary

course of business and in accordance

with generally accepted accounting

standards.

For the Commission, by the Division of

Investment Management, pursuant to

delegated authority.

Margaret H. McFarland,

Secretary.

FR Doc. 95–30905 Filed 12–19–95; 8:45 am]

BILLING CODE 8010–01–M

[Investment Company Act Rel. No. 21602;

812–9648]

State Street Bank and Trust Company,

et al.; Notice of Application

December 14, 1995.

AGENCY: Securities and Exchange

Commission (‘‘SEC’’).

ACTION: Notice of Application for

Exemption Under the Investment

Company Act of 1940 (‘‘Act’’).

APPLICANTS: State Street Bank and Trust

Company (‘‘State Street’’) and Global

Lending Trust (‘‘Trust’’), on behalf of

themselves and any registered

management investment company or

series thereof that may participate from

time to time as lenders (‘‘Lending

Funds’’) in the securities lending

program administered by State Street

(‘‘Program’’).

RELEVANT ACT SECTIONS: Order requested

under section 6(c) to grant an exemption

from section 12(d)(1), under sections

6(c) and 17(b) to grant an exemption

from section 17(a), and under rule 17d–

1 to permit certain transactions in

accordance with section 17(d) and rule

17d–1.

SUMMARY OF APPLICATION: Applicants

seek an order that would permit State

Street, as agent for the Lending Funds,

to invest cash collateral derived from

securities lending transactions in shares

of one or more series of the Trust

(‘‘Investment Funds’’).

FILING DATES: The application was filed

on June 23, 1995, and amended on

October 24 and December 14, 1995.

HEARING OR NOTIFICATION OF HEARING: An

order granting the application will be

issued unless the SEC orders a hearing.

Interested persons may request a

hearing by writing to the SEC’s

Secretary and serving applicants with a

copy of the request, personally or by

mail. Hearing requests should be

received by the SEC by 5:30 p.m. on

January 8, 1996, and should be

accompanied by proof of service on

applicant, in the form of an affidavit or,

for lawyers, a certificate of service.

Hearing requests should state the nature

of the writer’s interest, the reason for the

request, and the issues contested.

Persons who wish to be notified of a

hearing may request such notification

by writing to the SEC’s Secretary.

ADDRESSES: Secretary, SEC, 450 Fifth

Street, N.W., Washington, D.C. 20549.

Applicants: State Street, Two

International Place, Boston,

Massachusetts 02110; Global Lending

Trust, c/o Raymond P. Boulanger,

Exchange Place, 25th Floor, Boston,

Massachusetts 02109.

FOR FURTHER INFORMATION CONTACT:

Courtney S. Thornton, Senior Attorney,

at (202) 942–0583, or C. David

Messman, Branch Chief, at (202) 942–

0564 (Division of Investment

Management, Office of Investment

Company Regulation).

SUPPLEMENTARY INFORMATION: The

following is a summary of the

application. The complete application

may be obtained for a fee from the SEC’s

Public Reference Branch.

Applicants’ Representations

State Street, a wholly-owned

subsidiary of State Street Boston

Corporation, is a Massachusetts

chartered trust company and a member

of the Federal Reserve System. State

Street provides institutional custody

services and asset management services

for pension plans, foundations,

governmental plans, individuals, and

registered management investment

companies. State Street also administers

the Program, which involved securities

loan transactions in excess of $50

billion on average during the first three

quarters of 1995.

2. The Trust is a Massachusetts

business trust organized pursuant to a

master trust agreement dated June 15,

1995. The Trust proposes initially to

establish three separate Investment

Funds: The U.S. Government Securities

Money Market Fund (‘‘Government

Securities Fund’’), the General Money

Market Fund (‘‘Money Market Fund’’),

and the Short-Term Fund.1 Shares of

each Investment Fund will be sold on a

private placement basis in accordance

with Regulation D under the Securities

Act of 1933 only to Lending Funds and

other institutional investors

participating in the Program. Shares of

the Investment Funds will be sold

directly by the Trust without a

distributor and will not be subject to a

sales load or a redemption fee. Assets of

the Trust will not be subject to a rule

12b–1 fee. The Trust will register as an

investment company under the Act
Federal Register / Vol. 60, No. 244 / Wednesday, December 20, 1995 / Notices 65721

2The Lending Funds will include, but will not be

limited to, investment companies for which State

Street or an affiliated person thereof also serves as

custodian, transfer agent, and/or administrator.

3Applicants anticipate that one or more of the

Lending Funds participating in the Program may be

investment companies that hold themselves out as

money market funds and comply with the

requirements of rule 2a–7 (’’Money Market Lending

Funds’’). Cash collateral in which the lender is a

Money Market Lending Fund will not be used to

acquire shares of any Investment Fund that does not

comply with the requirements of rule 2a–7.

prior to the commencement of

operations.

3. State Street will serve as the

investment adviser, custodian, transfer

agent, and administrator of the Trust

with respect to each Investment Fund,

and will be entitled to receive a fee for

its services.

4. State Street proposes to enter into

a securities lending agreement

(‘‘Lending Agreement’’) with each

Lending Fund.2 The Lending Agreement

will authorize State Street to enter into

a master borrowing agreement

(‘‘Borrowing Agreement’’) with each

person designated by the Lending Fund

as eligible to borrow securities

(‘‘Borrower’’). State Street will maintain

a list of Borrowers that it believes to be

creditworthy and that are eligible to

participate in the Program. Each

Lending Fund will be responsible for

independently evaluating and

monitoring the creditworthiness of each

Borrower it selects from the preapproved list and will have the right to

add Borrowers to the list, subject to

State Street’s approval.

5. State Street will invest cash

collateral received in the Program on

behalf of a Lending Fund in shares of

one or more Investment Funds to the

extent permitted by the terms of the

Lending Agreement. The Lending

Agreement will authorize and instruct

State Street to invest the cash collateral

in accordance with specific guidelines

provided by the Lending Fund. Such

guidelines will identify the particular

Investment Funds and other investment

vehicles, instruments, and accounts, if

any, in which cash collateral may be

invested, and the maximum and

minimum amounts of cash or

percentages of collateral that may be

invested in each Investment Fund and

other authorized investments.3 Each

Lending Fund will reserve at all times

the right to rescind authorization to

invest in an Investment Fund. State

Street will not purchase shares of any

Investment Fund unless the Lending

Fund has represented to State Street that

(a) Its policies generally permit the

Lending Fund to engage in securities

lending transactions; (b) such

transactions will be conducted in

accordance with the securities lending

guidelines established in a series of noaction letters issued by the SEC’s

Division of Investment Management; (c)

its policies permit the Lending Fund to

purchase shares of the Investment

Funds with cash collateral; and (d) its

securities lending activities will be

conducted in accordance with all

applicable representation and

conditions of the application.

6. The Lending Agreement and the

Borrowing Agreement will establish,

with respect to each transaction, the

initial and ongoing collateralization

requirements, the types of collateral that

may be accepted, and the manner in

which the portion of the income earned

on the investment of cash collateral

during the term of the loan to be repaid

to the Borrower (‘‘Borrower’s Rebate’’)

will be established. The Lending

Agreement will fix the percentage of the

difference between the Borrower’s

Rebate and the actual return on the

investment of cash collateral (‘‘Net

Income’’) to be retained by the Lending

Fund and the percentage to be paid by

the Lending Fund to State Street. The

Lending Agreement also will authorize

State Street to negotiate the Borrower’s

Rebate for each transaction.

7. During the term of each loan, the

Lending Fund will retain the economic

rights of an owner of the securities that

are the subject of a loan, and will have

the power to terminate a loan at any

time and recall loaned portfolio

securities in time to exercise voting

rights. The Borrowing Agreement will

provide that, within three trading days

(or such other time period as is the

customary settlement period for the

loaned securities) of the Lending Fund

giving notice of the termination of any

loan, the Borrower is required to

transfer the loaned securities (or

certificates for identical securities) to

State Street or the Lending Fund’s

custodian, and pay to State Street or the

Lending Fund’s custodian the amount of

all dividends and distributions that

would have been payable to the Lending

Fund on or with respect to such

securities if they had not been loaned,

to the extent not previously paid.

8. Applicants represent that

participation in the Program will

provide the Lending Funds with

economies of scale that will maximize

investment opportunities, minimize

investment risk, facilitate management

of liquidity, and minimize

administrative costs, thereby increasing

their net income. In addition, applicants

state that participation in the Program

will permit the Lending Funds to

minimize credit risk and interest-rate

risk through diversification, while

receiving the procedural and

substantive protections of the Act.

Applicants’ Legal Analysis

1. Section 12(d)(1)(A) prohibits an

investment company from acquiring

shares of another investment company

if, immediately after such acquisition,

the acquiring company would own more

than three percent of the total

outstanding voting stock of the acquired

company, securities of the acquired

company with an aggregate value in

excess of five percent of the value of the

total assets of the acquiring company, or

securities of any investment companies

(including the acquired company) with

an aggregate value in excess of ten

percent of the value of the total assets

of the acquiring company. Section

12(d)(1)(B) prohibits an investment

company from selling its shares to

another investment company if after

such sale more than three percent of the

outstanding voting stock of the acquired

company would be owned by the

acquiring company, or more than ten

percent of the voting stock of the

acquired company would be owned by

investment companies.

2. Section 6(c) permits the SEC to

exempt any person or transaction from

any provision of the Act, or any rule or

regulation thereunder, if the 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. Applicants submit

that the investment of cash collateral in

shares of the Investment Funds will

permit the Lending Funds to maximize

returns with less investment risk than

would be present with other means of

investment. Applicants also believe that

the administrative burdens associated

with compliance with section 12(d)(1),

such as daily monitoring of total assets

and other investments of the Lending

Funds, could impair State Street’s

ability to provide securities lending

services to Lending Funds in an

economical and administratively

efficient manner, and therefore could

create competitive disadvantages for the

Lending Funds relative to other

institutional investors that seek to

engage in securities lending activities.

In addition, applicants submit that the

investment of cash collateral in shares

of the Investment Funds do not give rise

to the policy concerns of section

12(d)(1), which include unnecessary

duplication of costs (such as sales loads,

advisory fees, and administrative costs)

and undue influence by the fund

holding company over its underlying

funds arising from the threat of large

scale redemptions of the securities of
65722 Federal Register / Vol. 60, No. 244 / Wednesday, December 20, 1995 / Notices

4See Keystone Custodian Funds, Inc., 21 S.E.C.

295 (1945).

the underlying investment companies.

Accordingly, applicants believe that the

requested exemption from section

12(d)(1) is in the public interest and

consistent with the protection of

investors and the purposes intended by

the Act.

3. Section 17(a) prohibits any

affiliated person of a registered

investment company, or any affiliated

person of such a person, acting as

principal, to sell any security to, or

purchase any security from, such

investment company. From time to

time, it is possible that a Lending Fund

may directly or indirectly own, control,

or hold with power to vote five percent

or more of the shares of an Investment

Fund, which will result in the Lending

Fund being an affiliated person of the

Investment Fund. In these

circumstances, the purchase or

redemption of shares of an Investment

Fund for the same Lending Fund or an

affiliated person of such Lending Fund

could violate section 17(a).

4. Section 17(b) authorizes the SEC to

issue an order of exemption from

section 17(a) if the terms of the

proposed transaction, including the

consideration to be paid or received, are

reasonable and fair and do not involve

overreaching on the part of any person

concerned, the proposed transaction is

consistent with the policy of each

registered investment company

concerned, and the proposed

transaction is consistent with the

general policy of the Act. Applicants

believe that the proposed transaction

will be reasonable and fair and

consistent with the general purposes of

the Act as well as with the policies of

each Lending Fund. The Lending Funds

will not be able to purchase or redeem

shares of the Investment Funds at a

price lower or higher than the per share

net asset value of the Investment Funds,

and there will be no sales loads or

redemption fees charged with respect to

such shares. In addition, State Street

will be able to invest cash collateral

only in accordance with specific

guidelines provided by the Lending

Funds, which will identify both the

particular Investment Fund and other

investment vehicles, instruments, and

accounts (if any) in which cash

collateral may be invested, and the

maximum and minimum amounts of

cash or percentages of collateral that

may be invested in each Investment

Fund and other authorized investments.

5. Section 17(b) could be interpreted

to exempt only a single transaction.4

Under section 6(c), however, the

Commission may exempt a series of

transactions that otherwise would be

prohibited by section 17(a). Applicants

believe that the requested relief is

appropriate under section 6(c) for the

same reasons that it is appropriate

under section 17(b).

6. Section 17(d) of the Act and rule

17d–1 thereunder prohibit any affiliated

person of a registered investment

company, acting as principal, from

effecting any transaction in connection

with any joint enterprise or joint

arrangement in which the investment

company participates. The ownership

by a Lending Fund of five percent or

more of the shares of an Investment

Fund would cause the Lending Fund to

be an affiliated person of the Trust. State

Street, as investment adviser for each of

the Investment Funds, will be an

affiliated person of the Trust. As such,

State Street may, from time to time, be

an affiliated person of an affiliated

person of one or more Lending Funds by

virtue of such Funds’ interests in the

Trust. Consequently, the proposed

purchase of shares of the Investment

Funds with cash collateral, the

proposed purchase of shares of the

Investment Funds with cash collateral,

the redemption of such shares, and the

sharing of Net Income between State

Street and the Lending Funds may

constitute a joint transaction for which

an exemptive order is required.

7. Rule 17d–1 permits the SEC to

approve a proposed joint transaction

covered by the terms of section 17(d). In

determining whether to approve such a

transaction, the SEC must consider

whether the proposed transaction is

consistent with the provisions, policies,

and purposes of the Act, and the extent

to which the participant of the

investment company is on a basis

different from or less advantageous than

that of the other participants.

Applicants believe that the proposed

transactions satisfy these standards.

Each Lending Fund will invest in shares

of the Investment Funds on the same

basis as every other shareholder of the

Trust, and all shares will be priced in

the same manner and redeemable under

the same terms. The arrangements

regarding the sharing of Net Income

between State Street and each Lending

Fund are the product of arm’s length

negotiations between the Lending Fund

and State Street as service provider.

Finally, the proposed investment of

cash collateral in the Investment Funds

is consistent with the provisions and

purposes of the Act because

participation in the proposed

arrangement will allow the Lending

Funds to increase their investment

opportunities and returns while

lowering their transaction costs in

connection with securities lending

transactions.

Applicants’ Conditions

Applicants agree that any order of the

SEC granting the requested relief will be

subject to the following conditions:

1. No Lending Fund will purchase

shares of any Investment Fund unless

participation in the Program has been

approved by a majority of the directors

or trustees of the Lending Fund that are

not ‘‘interested persons’’ of the Lending

Fund within the meaning of section

2(a)(19) of the Act. Such directors or

trustees will also evaluate the Program

no less frequently than annually, and

determine that any investment of cash

collateral in the Investment Funds is in

the best interests of the shareholders of

the Lending Fund.

2. State Street will lend portfolio

securities of each of the Lending Funds

only in accordance with the guidelines

specified by such Lending Fund.

3. Cash collateral from loans by

Lending Funds will be invested in

shares of each Investment Fund subject

to such limitations and guidelines as are

specified by the Lending Funds.

4. Cash collateral from loans by

Money Market Lending Funds will not

be used to acquire shares of any

Investment Fund that does not comply

with the requirements of rule 2a–7

under the Act.

5. Shares of the Investment Funds

will not be subject to a sales load or

redemption fee, and assets of the

Investment Funds will not be subject to

a rule 12b–1 fee.

6. State Street will not acquire shares

of any Investment Fund on behalf of any

Lending Fund if, at the time of such

acquisition, (a) State Street is an

affiliated person of the Lending Fund or

an affiliated person of an affiliated

person of the Lending Fund, or (b) the

Lending Fund is an affiliated person of

the Investment Fund or an affiliated

person of an affiliated person of the

Investment Fund, in either case by

means other than by directly or

indirectly owning, controlling, or

holding with the power to vote five

percent or more of the shares of an

Investment Fund by the Lending Fund

or an affiliated person of the Lending

Fund.

7. In connection with all matters

requiring a vote of shareholders of an

Investment Fund, State Street will pass

through voting rights to those Lending

Funds that have a beneficial interest in

such Investment Fund.
Federal Register / Vol. 60, No. 244 / Wednesday, December 20, 1995 / Notices 65723

For the SEC, by the Division of Investment

Management, under delegated authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 95–30906 Filed 12–19–95; 8:45 am]

BILLING CODE 8010–01–M

SMALL BUSINESS ADMINISTRATION

[License No. 01/01–0341]

Mezzanine Capital Corporation; Notice

of Surrender of License

Notice is hereby given that Mezzanine

Capital Corporation, 75 State Street,

Suite 2500, Boston, Massachusetts

02109, has surrendered its license to

operate as a small business investment

company under the Small Business

Investment Act of 1958, as amended

(the Act). Mezzanine Capital

Corporation was licensed by the Small

Business Administration on May 28,

1987.

Under the authority vested by the Act

and pursuant to the Regulations

promulgated thereunder, the surrender

was accepted on December 1, 1995 and

accordingly, all rights, privileges and

franchises derived therefrom have been

terminated.

(Catalog of Federal Domestic Assistance

Program No. 59.011, Small Business

Investment Companies).

Dated: December 14, 1995.

Don A. Christensen,

Associate Administrator for Investment.

[FR Doc. 95–30878 Filed 12–19–95; 8:45 am]

BILLING CODE 8025–01–P

DEPARTMENT OF TRANSPORTATION

Coast Guard

[CGD–95–088]

Navigation Safety Advisory Council,

Request for Applications

AGENCY: Coast Guard, DOT.

ACTION: Notice.

SUMMARY: The U.S. Coast Guard is

seeking applicants for appointment to

membership on the Navigation Safety

Advisory Council (NAVSAC).

DATES: Completed applications and

resumes must be received by February

29, 1996. Application forms may be

obtained by contacting the Executive

Director at the address below.

ADDRESSES: To request an application,

either call (202) 267–0415 and give your

name and mailing address or write to

Commandant (G–NVT–3), U.S. Coast

Guard, 2100 Second St., SW., Room

1409, Washington, DC 20593–001.

Completed applications and resumes

should be mailed or delivered to the

above address.

FOR FURTHER INFORMATION CONTACT:

Margie G. Hegy, Executive Director,

Navigation Safety Advisory Council

(NAVSAC), Commandant (G–NVT–3),

U.S. Coast Guard, 2100 Second St., SW.,

Room 1409, Washington, DC 20593–

001, (202) 267–0415.

SUPPLEMENTARY INFORMATION: NAVSAC

is a twenty-one member Federal

advisory council that advises the Coast

Guard on matters relating to the

prevention of vessel collisions,

rammings, and groundings, including,

but not limited to: Inland Rules of the

Road, International Rules of the Road,

navigation regulations and equipment,

routing measures, marine information,

diving safety, and aids to navigation

systems.

The applications will be considered

for seven (07) expiring terms. The

Council consists of 21 members who

have expertise, knowledge and

experience in the Navigation Rules of

the Road (International and Inland), aids

to navigation, navigational safety

equipment, vessel traffic service, and

traffic separation schemes and vessel

routing.

To achieve the balance of membership

required by the Federal Advisory

Committee Act, the Coast Guard is

especially interested in receiving

applications from minorities and

women. To assure balanced

representation of subject matter

expertise, members are chosen, insofar

as practical, from the following groups:

(1) Recognized experts and leaders in

organizations having an active interest

in the Rules of the Road and vessel and

port safety; (2) representatives of owners

and operators of vessels, professional

mariners, recreational boaters, and the

recreational boating industry; (3)

individuals with an interest in maritime

law; and (4) Federal and state officials

with responsibility for vessel and port

safety.

The three-year membership term

begins July 1, 1996, and, assuming that

Congress passes pending legislation to

renew the Council, will expire June 30,

1999. Those persons who have

submitted previous applications must

reapply as no applications received

prior to this solicitation will be

considered.

The Council meets twice each year at

various sites in the continental United

States. Members serve without

compensation from the Federal

Government, although travel

reimbursement and per diem may be

provided.

Dated: December 15, 1996.

Rudy K. Peschel,

Rear Admiral, U.S. Coast Guard, Chief, Office

of Navigation, Safety and Waterway Services.

[FR Doc. 95–30966 Filed 12–19–95; 8:45 am]

BILLING CODE 4910–14–M

Federal Aviation Administration

[Summary Notice No. PE–95–44]

Petitions for Exemptions; Summary of

Petitions Received; Dispositions of

Petitions Issued

AGENCY: Federal Aviation

Administration (FAA), DOT.

ACTION: Notice of petitions for

exemption received and of dispositions

of prior petitions.

SUMMARY: Pursuant to FAA’s rulemaking

provisions governing the application,

processing, and disposition of petitions

for exemption (14 CFR part 11), this

notice contains a summary of certain

petitions seeking relief from specified

requirements of the Federal Aviation

Regulations (14 CFR chapter I),

dispositions of certain petitions

previously received, and corrections.

The purpose of this notice is to improve

the public’s awareness of, and

participation in, this aspect of FAA’s

regulatory activities. Neither publication

of this notice nor the inclusion or

omission of information in the summary

is intended to affect the legal status of

any petition or its final disposition.

DATES: Comments on petitions received

must identify the petition docket

number involved and must be received

on or before January 9, 1996.

ADDRESSES: Send comments on any

petition in triplicate to: Federal

Aviation Administration, Office of the

Chief Counsel, Attn: Rule Docket (AGC–

200), Petition Docket No. lll, 800

Independence Avenue, SW.,

Washington, DC 20591.

Comments may also be sent

electronically to the following internet

address: nprmcmts@mail.hq.faa.gov.

The petition, any comments received,

and a copy of any final disposition are

filed in the assigned regulatory docket

and are available for examination in the

Rules Docket (AGC–200), Room 915G,

FAA Headquarters Building (FOB 10A),

800 Independence Avenue, SW.,

Washington, DC 20591; telephone (202)

267–3132.

FOR FURTHER INFORMATION CONTACT:

Mr. D. Michael Smith, Office of

Rulemaking (ARM–1), Federal Aviation

Administration, 800 Independence