Federal Register / Vol. 74, No. 124 / Tuesday, June 30, 2009 / Notices 31331 

excluding government holidays. The 

electronic filing Help Desk can be 

contacted by telephone at 1–866–672– 

7640 or by e-mail at 

MSHD.Resource@nrc.gov. 

Participants who believe that they 

have a good cause for not submitting 

documents electronically must file a 

motion, in accordance with 10 CFR 

2.302(g), with their initial paper filing 

requesting authorization to continue to 

submit documents in paper format. 

Such filings must be submitted by: (1) 

First class mail addressed to the Office 

of the Secretary of the Commission, U.S. 

Nuclear Regulatory Commission, 

Washington, DC 20555–0001, Attention: 

Rulemaking and Adjudications Staff; or 

(2) courier, express mail, or expedited 

delivery service to the Office of the 

Secretary, Sixteenth Floor, One White 

Flint North, 11555 Rockville, Pike, 

Rockville, Maryland, 20852, Attention: 

Rulemaking and Adjudications Staff. 

Participants filing a document in this 

manner are responsible for serving the 

document on all other participants. 

Filing is considered complete by firstclass mail as of the time of deposit in 

the mail, or by courier, express mail, or 

expedited delivery service upon 

depositing the document with the 

provider of the service. 

Non-timely requests and/or petitions 

and contentions will not be entertained 

absent a determination by the 

Commission, the presiding officer, or 

the Atomic Safety and Licensing Board 

that the petition and/or request should 

be granted and/or the contentions 

should be admitted, based on a 

balancing of the factors specified in 10 

CFR 2.309(c)(1)(i)–(viii). 

Documents submitted in adjudicatory 

proceedings will appear in NRC’s 

electronic hearing docket which is 

available to the public at http:// 

ehd.nrc.gov/EHD_Proceeding/home.asp, 

unless excluded pursuant to an order of 

the Commission, an Atomic Safety and 

Licensing Board, or a Presiding Officer. 

Participants are requested not to include 

personal privacy information, such as 

social security numbers, home 

addresses, or home phone numbers in 

their filings, unless an NRC regulation 

or other law requires submission of such 

information. With respect to 

copyrighted works, except for limited 

excerpts that serve the purpose of the 

adjudicatory filings and would 

constitute a Fair Use application, 

participants are requested not to include 

copyrighted materials in their 

submission. 

Entergy Nuclear Operations, Inc., 

Docket No. 50–333, James A. FitzPatrick 

Nuclear Power Plant, Oswego County, 

New York 

Date of application for amendment: 

June 4, 2009, as supplemented by letter 

dated June 6, 2009. 

Brief description of amendment: The 

amendment authorizes a temporary onetime change to Technical Specification 

(TS) 3.8.1 Required Action B.4 

Completion Time. The amendment 

would add a note allowing a 

Completion Time of ‘‘17 days’’, on a 

temporary one-time basis. This one-time 

allowance will expire at 10:15 a.m. on 

June 12, 2009. 

Date of issuance: June 8, 2009. 

Effective date: As of the date of 

issuance, and shall be implemented 

immediately. 

Amendment No.: 294. 

Facility Operating License No. DPR– 

59: The amendment revised the License 

and the Technical Specifications. 

Public comments requested as to the 

proposed no significant hazards 

consideration (NSHC): No. 

The Commission’s related evaluation 

of the amendment, finding of emergency 

circumstances, State consultation, and 

final NSHC determination are contained 

in a safety evaluation dated June 8, 

2009. 

Attorney for licensee: Mr. William C. 

Dennis, Assistant General Counsel, 

Entergy Nuclear Operations, Inc., 440 

Hamilton Avenue, White Plains, NY 

10601. 

NRC Acting Branch Chief: John P. 

Boska. 

Dated at Rockville, Maryland, this 19th day 

of June 2009. 

For the Nuclear Regulatory Commission. 

Joseph G. Giitter, 

Director, Division of Operating Reactor 

Licensing, Office of Nuclear Reactor 

Regulation. 

[FR Doc. E9–15117 Filed 6–29–09; 8:45 am] 

BILLING CODE 7590–01–P 

NUCLEAR REGULATORY 

COMMISSION 

Sunshine Federal Register Notice 

AGENCY HOLDING THE MEETINGS: Nuclear 

Regulatory Commission. 

DATES: Weeks of June 29, July 6, 13, 20, 

27, August 3, 2009. 

PLACE: Commissioners’ Conference 

Room, 11555 Rockville Pike, Rockville, 

Maryland. 

STATUS: Public and Closed. 

Week of June 29, 2009 

Tuesday, June 30, 2009 

1 p.m. Affirmation Session (Public 

Meeting) (Tentative). 

U.S. Department of Energy (HighLevel Waste Repository); Appeals of 

First Prehearing Conference Order 

(Tentative). 

This meeting will be webcast live at 

the Web address—http://www.nrc.gov. 

1:05 p.m. Discussion/Possible Vote 

on Final Rule—Update to Waste 

Confidence Decision (Public Meeting) 

(Tentative) (Contact: Rochelle Bavol, 

301–415–1651). 

This meeting will be webcast live at 

the Web address—http://www.nrc.gov. 

Week of July 6, 2009—Tentative 

There are no meetings scheduled for 

the week of July 6, 2009. 

Week of July 13, 2009—Tentative 

There are no meetings scheduled for 

the week of July 13, 2009. 

Week of July 20, 2009—Tentative 

There are no meetings scheduled for 

the week of July 20, 2009. 

Week of July 27, 2009—Tentative 

There are no meetings scheduled for 

the week of July 27, 2009. 

Week of August 3, 2009—Tentative 

There are no meetings scheduled for 

the week of August 3, 2009. 

* * * * * 

* The schedule for Commission 

meetings is subject to change on short 

notice. To verify the status of meetings, 

call (recording)—(301) 415–1292. 

Contact person for more information: 

Rochelle Bavol, (301) 415–1651. 

* * * * * 

The NRC Commission Meeting 

Schedule can be found on the Internet 

at: http://www.nrc.gov/about-nrc/policymaking/schedule.html. 

* * * * * 

The NRC provides reasonable 

accommodation to individuals with 

disabilities where appropriate. If you 

need a reasonable accommodation to 

participate in these public meetings, or 

need this meeting notice or the 

transcript or other information from the 

public meetings in another format (e.g. 

braille, large print), please notify the 

NRC’s Disability Program Coordinator, 

Rohn Brown, at 301–492–2279, TDD: 

301–415–2100, or by e-mail at 

rohn.brown@nrc.gov. Determinations on 

requests for reasonable accommodation 

will be made on a case-by-case basis. 

* * * * * 

This notice is distributed 

electronically to subscribers. If you no 


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31332 Federal Register / Vol. 74, No. 124 / Tuesday, June 30, 2009 / Notices 

1See Investment Company Institute, Trends in 

Mutual Fund Investing: April 2009 (May 28, 2009), 

http://www.ici.org/highlights/trends_04_09. These 

include registered money market funds and series 

of registered funds. 

2This average is based on discussions with 

individuals at money market funds and their 

advisers. The actual number of burden hours may 

vary significantly depending on the type and 

number of portfolio securities held by individual 

funds. 

3The estimated hourly cost was based on the 

weighted average annual salaries reported for senior 

business analysts, accountants, floor supervisors, 

and portfolio managers in SIFMA’s Management & 

Professional Earnings in the Securities Industry 

2008 (Sept. 2008), modified by Commission staff to 

account for an 1800-hour work-year and multiplied 

by 5.35 to account for bonuses, firm size, employee 

benefits and overhead. 

4This estimate is based on information from 

Lipper Inc.’s LANA database for the period of 

January 1, 2007 through December 31, 2008. 

5For PRA purposes we assumed that on average 

25% of money market funds would review and 

update their procedures on an annual basis. 

6This estimate is based on the following 

calculation: 310,370 hours + 139.5 hours + 453.6 

hours + 19.5 hours = 310,982.6 hours. 

7A significant portion of the recordkeeping 

burden involves organizing information that the 

funds already collect when initially purchasing 

securities. In addition, when a money market fund 

analyzes a security, the analysis need not be 

presented in any particular format. Money market 

funds therefore have a choice of methods for 

maintaining these records that vary in technical 

sophistication and formality (e.g., handwritten 

notes, computer disks, etc.). Accordingly, the cost 

of preparing these documents may vary 

significantly among individual funds. The burden 

hours associated with filing reports to the 

Commission as an exhibit to Form N–SAR are 

included in the PRA burden estimate for that form. 

longer wish to receive it, or would like 

to be added to the distribution, please 

contact the Office of the Secretary, 

Washington, DC 20555 (301–415–1969), 

or send an e-mail to 

darlene.wright@nrc.gov. 

Dated: June 25, 2009. 

Rochelle C. Bavol, 

Office of the Secretary. 

[FR Doc. E9–15515 Filed 6–26–09; 11:15 am] 

BILLING CODE 7590–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Proposed Collection; Comment 

Request 

Upon Written Request, Copies Available 

From: Securities and Exchange 

Commission, Office of Investor 

Education and Advocacy, 

Washington, DC 20549–0213. 

Extension: 

Rule 2a–7, SEC File No. 270–258, OMB 

Control No. 3235–0268. 

Notice is hereby given that under the 

Paperwork Reduction Act of 1995 (44 

U.S.C. 3501), the Securities and 

Exchange Commission (‘‘Commission’’) 

is soliciting comments on the collection 

of information summarized below. The 

Commission plans to submit this 

existing collection of information to the 

Office of Management and Budget for 

extension and approval. 

Rule 2a–7 (17 CFR 270.2a–7) under 

the Investment Company Act of 1940 

(15 U.S.C. 80a) (the ‘‘Act’’) governs 

money market funds. Money market 

funds are open-end management 

investment companies that differ from 

other open-end management investment 

companies in that they seek to maintain 

a stable price per share, usually $1.00. 

The rule exempts money market funds 

from the valuation requirements of the 

Act, and, subject to certain risk-limiting 

conditions, permits money market funds 

to use the ‘‘amortized cost method’’ of 

asset valuation or the ‘‘penny-rounding 

method’’ of share pricing. 

Rule 2a–7 imposes certain 

recordkeeping and reporting obligations 

on money market funds. The board of 

directors of a money market fund, in 

supervising the fund’s operations, must 

establish written procedures designed to 

stabilize the fund’s net asset value 

(‘‘NAV’’). The board also must adopt 

guidelines and procedures relating to 

certain responsibilities it delegates to 

the fund’s investment adviser. These 

procedures typically address various 

aspects of the fund’s operations. The 

fund must maintain and preserve for six 

years a written copy of both these 

procedures and guidelines. The fund 

also must maintain and preserve for six 

years a written record of the board’s 

considerations and actions taken in 

connection with the discharge of its 

responsibilities, to be included in the 

board’s minutes. In addition, the fund 

must maintain and preserve for three 

years written records of certain credit 

risk analyses, evaluations with respect 

to securities subject to demand features 

or guarantees, and determinations with 

respect to adjustable rate securities and 

asset backed securities. If the board 

takes action with respect to defaulted 

securities, events of insolvency, or 

deviations in share price, the fund must 

file with the Commission an exhibit to 

Form N–SAR (17 CFR 249.330) 

describing the nature and circumstances 

of the action. If any portfolio security 

fails to meet certain eligibility standards 

under the rule, the fund also must 

identify those securities in an exhibit to 

Form N–SAR. After certain events of 

default or insolvency relating to a 

portfolio security, the fund must notify 

the Commission of the event and the 

actions the fund intends to take in 

response to the situation. 

The recordkeeping requirements in 

rule 2a–7 are designed to enable 

Commission staff in its examinations of 

money market funds to determine 

compliance with the rule, as well as to 

ensure that money market funds have 

established procedures for collecting the 

information necessary to make adequate 

credit reviews of securities in their 

portfolios. The reporting requirements 

of rule 2a–7 are intended to assist 

Commission staff in overseeing money 

market funds. 

Commission staff estimates that each 

of 757 1 money market funds spends a 

total of approximately 410 hours 2 of 

professional time (at $193 per hour) 3 to 

record credit risk analyses and 

determinations regarding adjustable rate 

securities, asset backed securities and 

securities subject to a demand feature or 

guarantee, for a total of approximately 

$59,901,410. The staff further estimates 

that each of 9 new money market funds 

spends a total of 15.5 hours of director, 

legal, and support staff time at a total 

cost of approximately $50,487.30 to 

adopt procedures designed to stabilize 

the fund’s NAV and guidelines 

regarding the delegation of certain 

responsibilities to the fund’s adviser.4

The staff further estimates that on 

average each of 189 money market funds 

spends a total of 2.4 hours of director 

and legal time at a total cost of 

approximately $442,260 to review and 

amend written procedures and 

guidelines each year.5 Finally, the staff 

estimates that each of 13 money market 

funds that experience a change in 

certain eligibility standards for portfolio 

securities or an event of default or 

insolvency relating to portfolio 

securities spends a total of one and a 

half hours of professional legal time 

documenting board determinations and 

notifying the Commission regarding the 

event, for a total of $5265.00. Thus, 

Commission staff estimates the total 

annual burden of the rule’s information 

collection requirements are 310,983 

hours 6 at an annual cost of 

$60,399,422.7

The Commission staff estimate of 

310,983 burden hours is a decrease from 

the previous estimate of 1,034,800 

hours. The decrease is primarily 

attributable to the decrease in the 

number of money market funds and 

updated information from money 

market funds regarding hourly burdens, 

including significant differences in 

burden hours reported by the funds 

surveyed in this submission year than 

those reported by funds in prior 

submission years. 

These estimates of burden hours are 

made solely for the purposes of the 

Paperwork Reduction Act. The 


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