6080 Federal Register / Vol. 73, No. 22 / Friday, February 1, 2008 / Proposed Rules 

(p) Desoto Canyon OPD means the 

official protraction diagram designated 

as Desoto Canyon which has a western 

edge located at the universal transverse 

mercator (UTM) X coordinate 1,346,400 

in the North American Datum of 1927 

(NAD 27). 

(q) Destin Dome OPD means the 

official protraction diagram designated 

as Destin Dome which has a western 

edge located at the universal transverse 

mercator (UTM) X coordinate 1,393,920 

in the NAD 27. 

(r) Eastern planning area means the 

Eastern Gulf of Mexico Planning Area of 

the outer Continental Shelf, as 

designated in the document entitled 

‘‘Draft Proposed Program Outer 

Continental Shelf Oil and Gas Leasing 

Program 2007–2012’’, dated February 

2006. 

(s) Pensacola OPD means the official 

protraction diagram designated as 

Pensacola which has a western edge 

located at the universal transverse 

mercator (UTM) X coordinate 1,393,920 

in the NAD 27. 

3. A new subpart N consisting of 

§§ 256.90 through 256.95 are added to 

read as follows: 

Subpart N—Bonus or Royalty Credits 

for Exchange of Certain Leases 

Sec. 

256.90 Which leases may I exchange for a 

bonus or royalty credit? 

256.91 How much bonus or royalty credit 

will MMS grant in exchange for a lease? 

256.92 What must I do to obtain a bonus or 

royalty credit? 

256.93 How is the bonus or royalty credit 

allocated among multiple lease owners? 

256.94 How may I use the bonus or royalty 

credit? 

256.95 How do I transfer a bonus or royalty 

credit to another person? 

§ 256.90 Which leases may I exchange for 

a bonus or royalty credit? 

You may exchange a lease for a bonus 

or royalty credit if it: 

(a) Was in effect on December 20, 

2006, and 

(b) Is located in: 

(1) The Eastern planning area and 

within 125 miles of the coastline of the 

State of Florida, or 

(2) The Central planning area and 

within the Desoto Canyon OPD, the 

Destin Dome OPD, or the Pensacola 

OPD and within 100 miles of the 

coastline of the State of Florida. 

§ 256.91 How much bonus or royalty credit 

will MMS grant in exchange for a lease? 

The amount of the bonus or royalty 

credit for an exchanged lease equals the 

sum of: 

(a) The amount of the bonus payment; 

and 

(b) All rental paid for the lease as of 

the date the lessee submits the request 

to exchange the lease under § 256.92 to 

MMS. 

§ 256.92 What must I do to obtain a bonus 

or royalty credit? 

(a) To obtain the bonus or royalty 

credit, all of the record title interest 

owners in the lease must submit the 

following to the MMS Regional 

Supervisor for Leasing and Environment 

for the Gulf of Mexico on or before 

[INSERT THE DATE THAT IS 1 YEAR 

AFTER THE EFFECTIVE DATE OF THE 

FINAL RULE IN THE Federal Register]: 

(1) A written request to exchange the 

lease for the bonus or royalty credit, 

signed by all record title interest owners 

in the lease. 

(2) The name and contact information 

for a person who will act as a contact 

for each record title interest owner. 

(3) Documentation of each record title 

interest owner’s percentage share in the 

lease. 

(4) A list of all bonus and rental 

payments for that lease made by, or on 

behalf of, each of the current record title 

owners. 

(5) A written relinquishment of the 

lease as described in § 256.76. 

Notwithstanding § 256.76, the 

relinquishment will become effective 

when the credit becomes effective under 

paragraph (b) of this section. 

(b) The credit becomes effective when 

MMS issues a certification to the record 

title interest owners that the lease has 

qualified for the credit. 

§ 256.93 How is the bonus or royalty credit 

allocated among multiple lease owners? 

The MMS will allocate the bonus or 

royalty credit for an exchanged lease to 

the current record title interest owners 

in the same percentage share as each 

owner has in the lease as of the date of 

the request to exchange the lease. 

§ 256.94 How may I use the bonus or 

royalty credit? 

(a) You may use a credit issued under 

this part in lieu of a monetary payment 

due under any lease in the Gulf of 

Mexico not subject to the revenue 

distribution provisions of section 8(g)(2) 

of the OCSLA (43 U.S.C. 1337(g)(2)) for 

either: 

(1) A bonus for acquisition of an 

interest in a new lease; or 

(2) Royalty due on oil and gas 

production after [INSERT THE DATE 

THAT IS 30 DAYS AFTER THE 

PUBLICATION DATE OF THE FINAL 

RULE IN THE Federal Register]. 

(b) You may not use a bonus or 

royalty credit in lieu of delivering oil or 

gas taken as royalty-in-kind. 

(c) If you have any credit that remains 

unused after 5 years from the date MMS 

issued the credit, MMS reserves the 

right to apply the remaining credit to 

your ongoing obligations at its 

discretion. 

§ 256.95 How do I transfer a bonus or 

royalty credit to another person? 

(a) You may transfer your bonus or 

royalty credit to any other person by 

submitting to the MMS Adjudication 

Unit for the Gulf of Mexico two 

originally executed transfer letters of 

agreement. 

(b) Authorized officers of all 

companies involved in transferring and 

receiving the credit must sign the 

transfer letters of agreement as indicated 

on the qualification card filed with 

MMS. 

(c) A transfer letter of agreement must 

include: 

(1) The effective date of the transfer, 

(2) The OCS–G number for the lease 

that originally qualified for the credit, 

(3) The amount of the credit being 

transferred, 

(4) Company names punctuated 

exactly as filed on the qualification card 

at MMS, and 

(5) A corporate seal, only if MMS 

used a corporate seal qualification 

process for your corporation. 

(d) The transferee of a credit 

transferred under this section may use 

it in accordance with § 256.94 as soon 

as MMS sends a confirmation of the 

transfer to the transferee. 

[FR Doc. E8–1860 Filed 1–31–08; 8:45 am] 

BILLING CODE 4310–MR–P 

ARCHITECTURAL AND 

TRANSPORTATION BARRIERS 

COMPLIANCE BOARD 

36 CFR Parts 1190 and 1191 

RIN 3014–AA22 

Emergency Transportable Housing 

Advisory Committee 

AGENCY: Architectural and 

Transportation Barriers Compliance 

Board. 

ACTION: Notice of meeting. 

SUMMARY: The Architectural and 

Transportation Barriers Compliance 

Board (Access Board) has established an 

advisory committee to make 

recommendations for possible revisions 

to the Americans with Disabilities Act 

(ADA) and Architectural Barriers Act 

(ABA) Accessibility Guidelines to 

include provisions for emergency 

transportable housing. This notice 

announces the dates, time, and location 


sroberts on PROD1PC70 with PROPOSALS
Federal Register / Vol. 73, No. 22 / Friday, February 1, 2008 / Proposed Rules 6081 

1See Report of the U.S. Department of the 

Treasury on Accounting Principles and Practices for 

the Operation of the United States Postal Service’s 

Competitive Products Fund, December 19, 2007 

(Report). The Report may be accessed from the 

Commission’s Web site, http://www.prc.gov. 

2Pursuant to section 2011(h)(2)(B)(ii), the final 

regulations are to be issued within 12 months of the 

date Treasury submitted its recommendations, or 

such later date as agreed to by the Commission and 

the Postal Service. 

of the next in-person committee meeting 

and a committee conference call. 

DATES: The conference call is scheduled 

for February 14, 2008 from 10 a.m. to 

Noon (Eastern time); the in-person 

meeting is scheduled from 10 a.m. to 5 

p.m. on March 27 and from 9 a.m. to 5 

p.m. on March 28. 

ADDRESSES: Individuals can participate 

in the conference call on February 14, 

2008 by dialing the teleconference 

number which will be posted on the 

Access Board’s Web site (http:// 

www.access-board.gov/eth/). The inperson meeting will be held at the 

Access Board’s offices, 1331 F Street, 

NW., Suite 1000, Washington, DC. 

FOR FURTHER INFORMATION CONTACT: 

Marsha Mazz, Office of Technical and 

Information Services, Architectural and 

Transportation Barriers Compliance 

Board, 1331 F Street, NW., Suite 1000, 

Washington, DC 20004–1111. 

Telephone number (202) 272–0020 

(Voice); (202) 272–0082 (TTY). These 

are not toll-free numbers. E-mail 

address: mazz@access-board.gov. 

SUPPLEMENTARY INFORMATION: On August 

23, 2007, the Architectural and 

Transportation Barriers Compliance 

Board (Access Board) established an 

advisory committee to make 

recommendations for possible revisions 

to the Americans with Disabilities Act 

(ADA) and Architectural Barriers Act 

(ABA) Accessibility Guidelines to 

include provisions for emergency 

transportable housing (72 FR 48251; 

August 23, 2007). 

The committee will hold a conference 

call on February 14 from 10 a.m. to 

Noon (Eastern time) to discuss 

definitional issues. The agenda, 

instructions (including information on 

captioning), and dial-in telephone 

number for the conference call is 

available on the Access Board’s Web site 

(http://www.access-board.gov/eth/). The 

conference call is open to the public and 

interested persons can dial in and 

communicate their views during a 

public comment period scheduled 

during the conference call. Participants 

may call in from any location of their 

choosing. 

The next in-person committee 

meeting will take place from 10 a.m. to 

5 p.m. on March 27 and from 9 a.m. to 

5 p.m. on March 28. It will focus on 

outstanding issues which have not yet 

been resolved. The preliminary meeting 

agenda, along with information about 

the committee, is available at the Access 

Board’s Web site (http://www.accessboard.gov/eth/). Committee meetings are 

open to the public and interested 

persons can attend the meetings and 

communicate their views. Members of 

the public will have opportunities to 

address the committee on issues of 

interest to them during public comment 

periods scheduled on each day of the 

meeting. 

The in-person meeting site is 

accessible to individuals with 

disabilities. Individuals who require 

sign language interpreters, real-time 

captioning, or materials in alternate 

formats should contact Marsha Mazz by 

March 6. Also, persons wishing to 

provide handouts or other written 

information to the committee are 

requested to provide them in an 

electronic format to Marsha Mazz 

preferably by e-mail so that alternate 

formats such as large print can be 

distributed to committee members. 

Persons attending the in-person meeting 

are requested to refrain from using 

perfume, cologne, and other fragrances 

for the comfort of other participants. 

Lawrence W. Roffee, 

Executive Director. 

[FR Doc. E8–1894 Filed 1–31–08; 8:45 am] 

BILLING CODE 8150–01–P 

POSTAL REGULATORY COMMISSION 

39 CFR 3001 

[Docket No. PI2008–2; Order No. 56] 

Administrative Practice and Procedure, 

Postal Service 

AGENCY: Postal Regulatory Commission. 

ACTION: Advance notice of proposed 

rulemaking and order. 

SUMMARY: This document notes that the 

Secretary of the Treasury, as required by 

recent postal reform legislation, has 

filed with the Commission a report and 

recommendations on accounting 

practices and principles that will govern 

the operation of the Competitive 

Products Fund. It briefly reviews the 

recommendations, poses several related 

questions, and invites public comment. 

Comments will assist the Commission 

in developing future regulations 

governing the Competitive Products 

Fund. 

DATES: Initial comments are due April 1, 

2008; reply comments are due May 1, 

2008. 

ADDRESSES: Submit comments 

electronically via the Commission’s 

Filing Online system at http:// 

www.prc.gov. 

FOR FURTHER INFORMATION CONTACT: 

Stephen L. Sharfman, General Counsel, 

202–789–6820 and 

stephen.sharfman@prc.gov. 

SUPPLEMENTARY INFORMATION: Regulatory 

History, 72 FR 63662 (November 9, 

2007). 

I. Introduction 

Section 401 of the Postal 

Accountability and Enhancement Act, 

Public Law 109–435 (PAEA), codified at 

39 U.S.C. 2011(h), requires the Secretary 

of the Treasury (Treasury) in 

consultation with the Postal Service and 

an independent certified public 

accounting firm to develop 

recommendations for accounting 

practices and principles that will govern 

the operation of the Competitive 

Products Fund (CPF) and the 

determination of an assumed Federal 

income tax to be imposed on 

competitive products income. Treasury 

submitted its report and 

recommendations to the Commission on 

December 19, 2007.1

Section 2011(h)(2)(A) requires that 

interested persons, including the Postal 

Service, users of the mails, and an 

officer of the Commission, be given an 

opportunity to comment on the Report’s 

recommendations in such manner as the 

Commission considers appropriate. To 

fulfill that obligation, the Commission is 

initiating this docket soliciting 

comments on both Treasury’s 

recommendations, and specific 

questions posed by the Commission in 

response to the Report. Initial comments 

are due 60 days after publication of this 

notice in the Federal Register. Reply 

comments are due 90 days after 

publication of this notice in the Federal 

Register. 

After review of the comments, the 

Commission will commence a 

rulemaking proceeding to develop 

regulations to satisfy the requirements 

of section 2011(h)(2), including 

establishing the accounting practices 

and principles to govern the operation 

of the CPF and rules for determining the 

assumed Federal income tax on 

competitive products income.2

Interested persons will have an 

opportunity to comment on the 

proposed regulations. 


sroberts on PROD1PC70 with PROPOSALS