Federal Register / Vol. 61, No. 81 / Thursday, April 25, 1996 / Notices 18445

written confirmation that contains the

following information: (1) the number of

CIF units held by an In-House Plan or

a Client Plan immediately before the

transfer, the related per unit value and

the total dollar amount of such CIF

units; and (2) the number of shares in

the Funds that are held by the Plan

following the conversion, the related per

share net asset value and the total dollar

amount of such shares.

(e) The price that has been or will be

paid or received by an In-House Plan or

a Client Plan for shares of the Funds is

the net asset value per share at the time

of the transaction and is the same price

for the shares which will be paid or

received by any other investor at that

time.

(f) No sales commissions or

redemption fees have been or will be

paid by an In-House Plan or a Client

Plan in connection with the purchase of

shares of the Funds.

(g) For each Client Plan, the combined

total of all fees received by Chicago

Trust for the provision of Plan-level

services, and in connection with the

provision of investment advisory

services or Secondary Services to any of

the Funds in which Client Plans may

invest, will not be in excess of

‘‘reasonable compensation’’ within the

meaning of section 408(b)(2) of the Act.

(h) Chicago Trust has not received

and will not receive any 12b–1 Fees in

connection with the transactions.

(i) Any authorizations made by a

Client Plan regarding investments in the

Funds and the fees paid to Chicago

Trust (including increases in the

contractual rates of fees for Secondary

Services that are retained by the Chicago

Trust) have been and will be terminable

at will by the Client Plan, without

penalty to the Client Plan and have been

and will be effected within one business

day following receipt by Chicago Trust,

from the Second Fiduciary, of the

Termination Form or any other written

notice of termination, unless

circumstances beyond the control of

Chicago Trust delay execution for no

more than one additional business day.

(j) The Second Fiduciary has received

and will receive written notice

accompanied by the Termination Form

with instructions on the use of the form

at least 30 days in advance of the

implementation of any increase in the

rate of any fees paid by the Funds to

Chicago Trust regarding investment

advisory services, fees for Secondary

Services or an additional Secondary

Service for which a fee is charged which

exceed the rates authorized for Chicago

Trust by the Second Fiduciary.

(k) All dealings by or between the

Client Plans, the Funds and Chicago

Trust have been and will be on a basis

which is at least as favorable to the

Client Plans as such dealings are with

other shareholders holding the same

class of shares of the Funds.

Notice to Interested Persons

Notice of the proposed exemption

will be given to interested persons who

had investments in the terminated CIFs

and from whom approval is being

sought for the in-kind transfers of Plan

assets from such CIFs in exchange for

shares of the Funds. In this regard,

interested persons will include Cole

Taylor, the Second Fiduciary of the InHouse Plans; active participants in the

In-House Plans; and Second Fiduciaries

of the Client Plans. Notice will be

provided to each Second Fiduciary by

first class mail and to active particpants

in the In-House Plans by posting at

major job sites. Such notice will be

given to interested persons within 14

days following the publication of the

notice of pendency in the Federal

Register. The notice will include a copy

of the notice of proposed exemption as

published in the Federal Register as

well as a supplemental statement, as

required, pursuant to 29 CFR

2570.43(b)(2), which shall inform

interested persons of their right to

comment on and/or to request a hearing.

Comments and requests for a public

hearing are due within 44 days of the

publication of the notice of proposed

exemption in the Federal Register.

FOR FURTHER INFORMATION CONTACT: Ms.

Jan D. Broady of the Department,

telephone (202) 219–8881. (This is not

a toll-free number.)

General Information

The attention of interested persons is

directed to the following:

(1) The fact that a transaction is the

subject of an exemption under section

408(a) of the Act and/or section

4975(c)(2) of the Code does not relieve

a fiduciary or other party in interest of

disqualified person from certain other

provisions of the Act and/or the Code,

including any prohibited transaction

provisions to which the exemption does

not apply and the general fiduciary

responsibility provisions of section 404

of the Act, which among other things

require a fiduciary to discharge his

duties respecting the plan solely in the

interest of the participants and

beneficiaries of the plan and in a

prudent fashion in accordance with

section 404(a)(1)(b) of the act; nor does

it affect the requirement of section

401(a) of the Code that the plan must

operate for the exclusive benefit of the

employees of the employer maintaining

the plan and their beneficiaries;

(2) Before an exemption may be

granted under section 408(a) of the Act

and/or section 4975(c)(2) of the Code,

the Department must find that the

exemption is administratively feasible,

in the interests of the plan and of its

participants and beneficiaries and

protective of the rights of participants

and beneficiaries of the plan;

(3) The proposed exemptions, if

granted, will be supplemental to, and

not in derogation of, any other

provisions of the Act and/or the Code,

including statutory or administrative

exemptions and transitional rules.

Furthermore, the fact that a transaction

is subject to an administrative or

statutory exemption is not dispositive of

whether the transaction is in fact a

prohibited transaction; and

(4) The proposed exemptions, if

granted, will be subject to the express

condition that the material facts and

representations contained in each

application are true and complete and

accurately describe all material terms of

the transaction which is the subject of

the exemption. In the case of continuing

exemption transactions, if any of the

material facts or representations

described in the application change

after the exemption is granted, the

exemption will cease to apply as of the

date of such change. In the event of any

such change, application for a new

exemption may be made to the

Department.

Signed at Washington, DC, this 19th day of

April, 1996.

Ivan Strasfeld,

Director of Exemption Determinations,

Pension and Welfare Benefits Administration,

U.S. Department of Labor.

[FR Doc. 96–10071 Filed 4–24–96; 8:45 am]

BILLING CODE 4510–29–P

NATIONAL INSTITUTE FOR LITERACY

Agency Information Collection

Activities

ACTION: Notice.

SUMMARY: In compliance with the

Paperwork Reduction Act (44 U.S.C.

3501 et seq.), this notice announces an

Information Collection Request (ICR) by

the NIFL. The ICR describes the nature

of the information collection and its

expected cost and burden.

DATES: Comments must be submitted on

or before June 24, 1996.

FOR FURTHER INFORMATION: Sondra Stein

at (202) 632–1508 or e-mail:

sstein@nifl.gov
18446 Federal Register / Vol. 61, No. 81 / Thursday, April 25, 1996 / Notices

SUPPLEMENTARY INFORMATION:

Title

Application for Adult Learning

System Reform and Improvement Grant:

Stage II Collaborative Development of

Equipped for the Future Adult Literacy

Standards cooperative agreements.

Abstract

The National Literacy Act of 1991

established the National Institute for

Literacy and required that the Institute

conduct basic and applied research and

demonstrations on literacy; collect and

disseminate information of Federal,

State and local entities with respect to

literacy; and improve and expand the

system for delivery of literacy services.

This form will be used by individual

public and private non-profit

organizations and agencies that

represent key literacy consumer,

practitioner, provider, administrator,

and funded constituencies; and

consortia of such organizations and

agencies operating at a state, regional

(multi-state), or national level. These

individuals and organizations may

apply for funding to continue

development of the framework for

voluntary adult literacy standards

currently being developed by the NIFL

Equipped for the Future grantees.

Evaluations to determine successful

applications will be made using the

published criteria. The Institute will use

this information to make a maximum of

three cooperative agreement awards for

a period of up to 3 years.

Burden Statement

The burden for this collection of

information is estimated at 80 hours per

response. This estimate includes the

time needed to review instructions,

complete the form, and review the

collection of information.

Respondents

Individual public and private nonprofit organizations and agencies that

represent key literacy consumer,

practitioner, provider, administrator,

and funded constituencies; and

consortia of such organizations and

agencies operating at a state, regional

(multi-state), or national level.

Estimated number of Respondents:

10.

Estimated Number of Responses Per

Respondent: 1.

Estimated Total Annual Burden on

Respondents: 800 hours.

Frequency of Collection

One time. Send comments regarding

the burden estimate or any other aspect

of the information collection, including

suggestions for reducing the burden to:

Sondra Stein, National Institute for

Literacy, 800 Connecticut Avenue NW.,

Suite 200, Washington, DC 20006.

Carolyn Staley,

Deputy Director.

[FR Doc. 96–10329 Filed 4–24–96; 8:45 am]

BILLING CODE 6055–01–M

Agency Information Collection

Activities

ACTION: Notice.

SUMMARY: In compliance with the

Paperwork Reduction Act (44 U.S.C.

3501 et. seq.), this notice announces an

Information Collection Request (ICR) by

the NIFL. The ICR describes the nature

of the information collection and its

expected cost and burden.

DATES: Comments must be submitted on

or before June 24, 1996.

FOR FURTHER INFORMATION CONTACT:

Sondra Stein at (202) 632–1508 or email: sstein@nifl.gov.

SUPPLEMENTARY INFORMATION:

Title

Application for Adult Learning

System Reform and Improvement Grant:

Equipped for the Future StandardsBased System Reform and Improvement

Demonstration grants.

Abstract

The National Literacy Act of 1991

established the National Institute for

Literacy (NIFL) and required that the

NIFL conduct basic and applied

research and demonstrations on literacy,

collect and dissemination information

of Federal, State and local entities with

respect to literacy; and improve and

expand the system for delivery of

literacy services. This form will be used

by current grantees in NIFL’s Equipped

for the Future (EFF) planning grant

program. They are the only eligible

applicants for funding under this

program to implement the long-range

strategic plans developed during the

current grant period. Evaluations to

determine successful applications will

be made using the published criteria.

The Institute will use this information

to make a maximum of three

cooperative agreement awards for a

period of up to 3 years.

Burden Statement

The burden for this collection of

information is estimated at 40 hours per

response. This estimate includes the

time needed to review instructions,

complete the form, and review the

collection of information.

Respondents

Individual public and private nonprofit organizations and agencies and

consortia of such organizations and

agencies that are current grantees in

NIFL’s EFF planning grant program.

Estimated Number of Respondents: 9.

Estimated Number of Responses per

Respondent: 1.

Estimated Total Annual Burden on

Respondents: 360.

Frequency of Collection

One time. Send comments regarding

the burden estimate or any other aspect

of the information collection, including

suggestions for reducing the burden to:

Sondra Stein, National Institute for

Literacy, 800 Connecticut Avenue, NW.,

Suite 200, Washington, DC 20006.

Carolyn Staley,

Deputy Director, National Institute for

Literacy

[FR Doc. 96–10328 Filed 4–24–96; 8:45 am]

BILLING CODE 6055–01–M

NATIONAL COMMUNICATIONS

SYSTEM

Telecommunications; Project 25 Land

Mobile Radio Standards

AGENCY: National Communications

System, Technology and Standards

Division.

ACTION: Notice of comment on proposed

standards.

SUMMARY: The purpose of this notice is

to solicit the views of Federal agencies,

industry, the public, and State and local

governments on proposed Interim

Federal Standards: 001101A,

‘‘Telecommunications: Land Mobile

Radio, Project 25 System and Standards

Definition’’; 001102A,

‘‘Telecommunications: Land Mobile

Radio, Project 25 Common Air

Interface’’; 001104A,

Telecommunications: Land Mobile

Radio, Project 25 Encryption’’; 001105,

‘‘Telecommunications: Land Mobile

Radio, Project 25 Over-the-AirRekeying’’; 001106,

‘‘Telecommunications: Land Mobile

Radio, Project 25 Data

Communications’’; and 001109,

‘‘Telecommunications: Land Mobile

Radio, Project 25 System Interface’’.

Comments are due within 90 days of the

date of this notice. Send comments to

the National Communications System,

Technology and Standards Division,

Attn: N6, 701 South Court House Road,

Arlington, VA 22204–2198.

SUPPLEMENTARY INFORMATION:

1. The General Services

Administration (GSA) is responsible