2496 Federal Register / Vol. 60, No. 6 / Tuesday, January 10, 1995 / Rules and Regulations

airplanes in the U.S. registry that will be

affected by this AD, approximately 76

are operated in scheduled passenger

service. A significant number of the

remaining 49 airplanes are operated in

other forms of air transportation such as

air cargo and air taxi.

This AD allows 500 hours time-inservice (TIS) before mandatory

accomplishment of the design

modification. The average utilization of

the fleet for those airplanes in

commercial commuter service is

approximately 25 to 50 hours TIS per

week. Based on these figures, operators

of commuter-class airplanes involved in

commercial operation will have to

accomplish the required modification

within 2 to 5 calendar months after this

AD becomes effective. For private

owners, who typically operate between

100 to 200 hours TIS per year, this

allows 2 to 5 calendar years before the

required modification will be

mandatory.

The regulations adopted herein will

not have substantial direct effects on the

States, on the relationship between the

national government and the States, or

on the distribution of power and

responsibilities among the various

levels of government. Therefore, in

accordance with Executive Order 12612,

it is determined that this final rule does

not have sufficient federalism

implications to warrant the preparation

of a Federalism Assessment.

For the reasons discussed above, I

certify that this action (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)

will not have a significant economic

impact, positive or negative, on a

substantial number of small entities

under the criteria of the Regulatory

Flexibility Act. A copy of the final

evaluation prepared for this action is

contained in the Rules Docket. A copy

of it may be obtained by contacting the

Rules Docket at the location provided

under the caption ADDRESSES.

List of Subjects in 14 CFR Part 39

Air transportation, Aircraft, Aviation

safety, Incorporation by reference,

Safety.

Adoption of the Amendment

Accordingly, pursuant to the

authority delegated to me by the

Administrator, the Federal Aviation

Administration amends part 39 of the

Federal Aviation Regulations (14 CFR

part 39) as follows:

PART 39—AIRWORTHINESS

DIRECTIVES

1. The authority citation for part 39

continues to read as follows:

Authority: 49 U.S.C. App. 1354(a), 1421

and 1423; 49 U.S.C. 106(g); and 14 CFR

11.89.

§ 39.13 [Amended]

2. Section 39.13 is amended by

removing AD 83–12–01, Amendment

39–4693, and by adding a new AD to

read as follows:

95–01–07 Fairchild Aircraft: Amendment

39–9118; Docket No. 91–CE–12–AD.

Supersedes AD 83–12–01, Amendment

39–4693.

Applicability: The following model and

serial number airplanes, certificated in any

category:

Model Serial Nos.

SA227–AC ....... 415, 416, and 420 through

554.

SA227–AT ....... 423 through 554.

Compliance: Required as indicated in the

body of this AD, unless already

accomplished.

To prevent fatigue failure of the lower wing

skin panels, which could result in loss of

control of the airplane, accomplish the

following:

(a) Within the next 50 hours time-inservice (TIS) after the effective date of this

AD, unless already accomplished

(compliance with AD 83–12–01), dye

penetrant inspect the lower wing skin panel

of both wings in the area of Wing Station

(WS) 187.0 in accordance with paragraph IIA

of the ACCOMPLISHMENT INSTRUCTIONS

section of Fairchild Service Bulletin (SB)

227–57–002, Issued: June 6, 1983, Revised:

January 23, 1984.

(1) If cracks are found, prior to further

flight, install reinforcement doublers, part

number 27K31013–001 LH and 27K31013–

002 RH, in accordance with paragraph IIB of

the ACCOMPLISHMENT INSTRUCTIONS

section of Fairchild SB 227–57–002, Issued:

June 6, 1983, Revised: January 23, 1984.

(2) If no cracks are found, reinspect

thereafter at intervals not to exceed 50 hours

TIS until the modification specified in

paragraph (b) of this AD is accomplished.

(b) Within the next 500 hours TIS after the

effective date of this AD, unless already

accomplished as specified in paragraph (a)(1)

of this AD, accomplish one of the following

on both wings:

(1) Install reinforcement doublers, part

number 27K31013–001 LH and 27K31013–

002 RH, in accordance with paragraph IIB of

the ACCOMPLISHMENT INSTRUCTIONS

section of Fairchild SB 227–57–002, Issued:

June 6, 1983, Revised: January 23, 1984; or

(2) Install stringer ties, P/N 27–13869, in

accordance with paragraph IIC of the

ACCOMPLISHMENT INSTRUCTIONS

section of Fairchild SB 227–57–002, Issued:

June 6, 1983, Revised: January 23, 1984.

(c) Incorporating (on both wings) the

modification specified in paragraph (a)(1),

(b)(1) or (b)(2) of this AD terminates the

repetitive inspection requirement of this AD.

(d) Special flight permits may be issued in

accordance with §§ 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.

(e) An alternative method of compliance or

adjustment of the initial or repetitive

compliance times that provides an equivalent

level of safety may be approved by the

Manager, Airplane Certification Office

(ACO), 2601 Meacham Boulevard, Fort

Worth, Texas 76193–0150. The request shall

be forwarded through an appropriate FAA

Maintenance Inspector, who may add

comments and then send it to the Manager,

Fort Worth ACO.

Note: Information concerning the existence

of approved alternative methods of

compliance with this AD, if any, may be

obtained from the Fort Worth ACO.

(f) The inspections and installation

required by this AD shall be done in

accordance with Fairchild Service Bulletin

227–57–002, Issued: June 6, 1983, Revised:

January 23, 1984. This incorporation by

reference was approved by the Director of the

Federal Register in accordance with 5 U.S.C.

552(a) and 1 CFR part 51. Copies may be

obtained from Fairchild Aircraft, P.O. Box

790490, San Antonio, Texas 78279–0490.

Copies may be inspected at the FAA, Central

Region, Office of the Assistant Chief Counsel,

Room 1558, 601 E. 12th Street, Kansas City,

Missouri, or at the Office of the Federal

Register, 800 North Capitol Street, NW., suite

700, Washington, DC.

(g) This amendment (39–9118) supersedes

AD 83–12–01, Amendment 39–4693.

(h) This amendment (39–9118) becomes

effective on February 17, 1995.

Issued in Kansas City, Missouri, on January

4, 1995.

Henry A. Armstrong,

Acting Manager, Small Airplane Directorate,

Aircraft Certification Service.

[FR Doc. 95–517 Filed 1–9–95; 8:45 am]

BILLING CODE 4910–13–M

14 CFR Part 71

[Airspace Docket No. 94–ASW–2]

Alteration of Jet Routes; Louisiana

AGENCY: Federal Aviation

Administration (FAA), DOT.

ACTION: Final rule; correction.

SUMMARY: This document contains a

correction to the final rule published on

December 9, 1994. In the airspace

designation of Jet Route J–37 the Hobby

084° radial was in error. This correction

changes the ‘‘Hobby 084°’’ radial to read

the ‘‘Hobby 090°’’ radial.

EFFECTIVE DATE: February 2, 1995.

FOR FURTHER INFORMATION CONTACT:

Norman W. Thomas, Airspace and

Obstruction Evaluation Branch (ATP–
Federal Register / Vol. 60, No. 6 / Tuesday, January 10, 1995 / Rules and Regulations 2497

240), Airspace-Rules and Aeronautical

Information Division, Air Traffic Rules

and Procedures Service, Federal

Aviation Administration, 800

Independence Avenue, SW.,

Washington, DC 20591; telephone: (202)

267–9250.

SUPPLEMENTARY INFORMATION: On

December 9, 1994, the FAA published a

final rule that revised the description of

Jet Route J–37 in the State of Louisiana.

In the airspace designation of Jet Route

J–37 the Hobby 084° radial was in error.

This correction changes the ‘‘Hobby

O84°’’ radial to read the ‘‘Hobby 090°’’

radial.

Correction of Final Rule

Accordingly, pursuant to the

authority delegated to me, the airspace

designation for Jet Route J–37 published

in the Federal Register on December 9,

1994 (59 FR 63718; Federal Register

Document 94–30225, Column 3) is

corrected as follows:

J–37 [Corrected]

From Hobby, TX, via INT of the Hobby

090° and Harvey, LA, 266° radials; Harvey;

Semmes, AL; Montgomery, AL; Spartanburg,

SC; Lynchburg, VA; Gordonsville, VA;

Brooke, VA; INT Brooke 067° and Coyle, NJ,

226° radials; to Coyle. From Kennedy, NY;

Kingston, NY; Albany, NY; Massena, NY, to

the INT of the Massena 037° radial and the

United States/Canadian Border.

Issued in Washington, DC, on December

30, 1994.

Harold W. Becker,

Manager, Airspace-Rules and Aeronautical

Information Division.

[FR Doc. 95–577 Filed 1–9–95; 8:45 am]

BILLING CODE 4910–13–P

14 CFR Parts 121, 129, and 135

[Docket No. 27663; Amdt. No. 121–246]

RIN 2120–AF24

Traffic Alert and Collision Avoidance

System, TCAS I

AGENCY: Federal Aviation

Administration (FAA), DOT.

ACTION: Final rule; correction.

SUMMARY: This document contains a

correction to a final rule, Traffic Alert

and collision avoidance System, TCAS

I, published in the Federal Register on

December 29, 1994.

DATES: This document is effective

December 29, 1994. The final

compliance date is December 31, 1995.

Comments on the revision of

§ 121.356(b) must be received on or

before February 27, 1995.

FOR FURTHER INFORMATION CONTACT:

Gary E. Davis, telephone (202) 267–

8096.

Correction to Final Rule

In the final rule beginning on page

67584, in the issue of Thursday,

December 29, 1994, the following

correciton is being made:

1. On page 67584, first column, and

in the heading, the amendment number

should read ‘‘121–246’’, instead of

‘‘121–247’’.

Dated: January 4, 1995.

Donald P. Byrne,

Assistant Chief Counsel, Office of Chief

Counsel.

[FR Doc. 95–571 Filed 1–9–95; 8:45 am]

BILLING CODE 4910–13–M

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Parts 1 and 602

[TD 8586]

RIN 1545–AC35

Treatment of Gain From Disposition of

Certain Natural Resource Recapture

Property

AGENCY: Internal Revenue Service (IRS),

Treasury.

ACTION: Final regulations.

SUMMARY: This document provides final

regulations relating to the tax treatment

of gain from the disposition of certain

natural resource recapture property

(section 1254 property after enactment

of the Tax Reform Act of 1986 and oil,

gas, or geothermal property before

enactment of the Tax Reform Act of

1986). Changes to the applicable tax law

were made by the Tax Reform Act of

1986, the Tax Reform Act of 1984, the

Energy Tax Act of 1978, the Tax Reform

Act of 1976, the Tax Reform Act of

1969, and the Act of September 12,

1966. The regulations provide the

public with guidance in complying with

the changed tax laws.

DATES: These regulations are effective

January 10, 1995.

For dates of applicability, see

§ 1.1254–6.

FOR FURTHER INFORMATION CONTACT:

Brenda M. Stewart (202–622–3120, not

a toll-free number).

SUPPLEMENTARY INFORMATION:

Paperwork Reduction Act

The collection of information

contained in these final regulations has

been reviewed and approved by the

Office of Management and Budget in

accordance with the Paperwork

Reduction Act (44 U.S.C. 3504(h)) under

control number 1545–1352. The

estimated annual burden per respondent

varies from four to six hours, depending

on individual circumstances, with an

estimated average of five hours.

Comments concerning the accuracy of

this burden estimate and suggestions for

reducing this burden should be sent to

the Internal Revenue Service, Attn: IRS

Reports Clearance Officer, PC:FP,

Washington, DC 20224, and to the

Office of Management and Budget, Attn:

Desk Officer for the Department of the

Treasury, Office of Information and

Regulatory Affairs, Washington, DC

20503.

Background

On June 11, 1980, the IRS published

proposed amendments to the Income

Tax Regulations (26 CFR part 1) under

sections 170, 301, 312, 341, 453, 751,

1254, and 1502 of the Internal Revenue

Code of 1954 in the Federal Register (45

FR 39512). These amendments were

proposed to conform the regulations to

section 205 (a), (b), and (c) (1) and (2)

of the Tax Reform Act of 1976, Pub. L.

94–455, 90 Stat. 1533, and section

402(c) of the Energy Tax Act of 1978,

Pub. L. 95–618, 92 Stat. 3202, and to

make certain other technical

amendments to conform the regulations

to section 1(c) of the Act of September

12, 1966, Pub. L. 89–570, 80 Stat. 762,

to section 211(b)(6) of the Tax Reform

Act of 1969, Pub. L. 91–172, 83 Stat.

570, and to sections 1042(c)(2),

1101(d)(2), 1901(a)(93), and 2110(a) of

the Tax Reform Act of 1976, 90 Stat.

1637, 1658, 1780, 1905). A public

hearing was held on September 9, 1980.

After considering all comments

regarding the proposed regulations, the

proposed regulations (except for the

provisions relating to an electing small

business corporation (hereinafter

referred to as an S corporation)), are

adopted as revised by this Treasury

decision. The rules under § 1.751–

1(c)(6)(ii) are clarified, but no

substantive change is intended except to

insert additional recapture sections

under the Internal Revenue Code of

1986 (Code).

Because of the substantial changes

made to the tax treatment of S

corporations by section 5(a)(37) of the

Subchapter S Revision Act of 1982, Pub.

L. 97–354, 96 Stat. 1696, section 492 of

the Tax Reform Act of 1984, Pub. L. 98–

369, 98 Stat. 853, and sections 411 and

413 of the Tax Reform Act of 1986, Pub.

L. 99–514, 100 Stat. 2225, 2227,

§ 1.1254–3 of the proposed regulations

(relating to an electing small business),