Federal Register / Vol. 60, No. 64 / Tuesday, April 4, 1995 / Notices 17095

Small Business Investment Company

Computation of Alternative Maximum

Annual Cost of Money to Small

Business Concerns

13 CFR 107.302 limits maximum

annual Cost of Money (as defined in 13

CFR 107.3) that may be imposed upon

a Small Concern in connection with

Financing by means of Loans or through

the purchase of Debt Securities. The

cited regulation incorporates the term

‘‘Debenture Rate’’, which is defined

elsewhere in 13 CFR 107.3 in terms that

require SBA to publish, from time to

time, the rate charged on ten-year

debentures sold by Licensees to the

public.

Accordingly, Licensees are hereby

notified that effective the date of

publication of this Notice, and until

further notice, the Debenture Rate for

computation of maximum cost of money

pursuant to 13 CFR 107.302 is 7.84

percent per annum.

13 CFR 107.302 does not supersede or

preempt any applicable law imposing

an interest ceiling lower than the ceiling

imposed by its own terms. Attention is

directed to Section 308(i) of the Small

Business Investment Act of 1958, as

amended, to that law’s Federal override

of State usury ceilings, and to its

forfeiture and penalty provisions.

(Catalog of Federal Domestic Assistance

Program No. 59.011, small business

investment companies)

Dated: March 29, 1995.

Robert D. Stillman,

Associate Administrator for Investment.

[FR Doc. 95–8164 Filed 4–3–95; 8:45 am]

BILLING CODE 8025–01–M

DEPARTMENT OF TRANSPORTATION

National Highway Traffic Safety

Administration

[Docket No. 93–80; Notice 2]

Babyhood Manufacturing, Inc.;

Mootness of Petition for Determination

of Inconsequential Noncompliance

Babyhood Manufacturing, Inc.

(Babyhood) of Shrewsbury,

Massachusetts determined that some of

its child safety seats failed to comply

with the buckle release force

requirements of 49 CFR 571.213, ‘‘Child

Restraint Systems,’’ Federal Motor

Vehicle Safety Standard (FMVSS) No.

213, and filed an appropriate report

pursuant to 49 CFR part 573, ‘‘Defect

and Noncompliance Reports’’.

Babyhood also petitioned to be

exempted from the notification and

remedy requirements of the National

Traffic and Motor Vehicle Safety Act (15

U.S.C. 1381 et seq.) on the basis that the

noncompliance was inconsequential as

it relates to motor vehicle safety.

Notice of receipt of the petition was

published on November 4, 1993, and an

opportunity afforded for comment (58

FR 58895). No comments were received

on the petition. This notice announces

that the petition has been mooted by

Babyhood’s decision to notify and

remedy according to the statutory

requirements.

Paragraph S5.4.3.5 of FMVSS No. 213

requires in pertinent part that

[A]ny buckle in a child restraint system

belt assembly designed to restrain a child

using the system shall: (a) when tested in

accordance with S6.2.1 prior to the dynamic

test * * * shall release when a force of not

more than 14 pounds is applied;

(b) [A]fter the dynamic test of S6.1, when

tested in accordance with S6.2.3, release

when a force of not more than 16 pounds is

applied.

Between January 31, 1992 and June

30, 1993, Babyhood produced

approximately 3,100 child restraint

seats, with shoulder harness straps that

do not comply with the buckle release

requirements of FMVSS No. 213. When

four Babyhood child restraint seats were

tested by the Calspan Corporation for

NHTSA, two of the four units required

forces of 14.3 and 15.9 pounds to release

the buckle, thus failing the requirement

specified in S5.4.3.5(a) of the standard.

The other two complied. Babyhood

performed subsequent tests on buckles

it had in inventory and found that

approximately 25 percent of the buckles

required release forces of over 14

pounds. These belts all complied with

the maximum release force requirement

of 16 pounds after the test.

Subsequent to the close of the

comment period on Babyhood’s

petition, Calspan conducted additional

tests on the buckles in question. These

showed pre- and post-impact release

forces up to 16.8 and 18.2 pounds, far

exceeding the 14 and 16 pound maxima.

Partial engagement tests of the buckle

were conducted by Detroit Testing

Laboratory, and the 5-pound maximum

force limit was exceeded in these tests

as well. Accordingly, on February 6,

1995, Babyhood submitted a further Part

573 Report in which it agreed to

conduct a notification and remedy

campaign covering the 3,100 seats in

question. Thus, the Administrator has

no reason to consider further

Babyhood’s prior request for exemption

from the notification and remedy

provisions, as Babyhood’s action in

filing the new Part 573 Report moots its

earlier petition.

(49 U.S.C. 30118 and 30120; delegations of

authority at 49 CFR 1.50 and 49 CFR 501.8)

Issued on March 28, 1995.

Barry Felrice,

Associate Administrator for Safety

Performance Standards.

[FR Doc. 95–8232 Filed 4–3–95; 8:45 am]

BILLING CODE 4910–59–P