10512 Federal Register / Vol. 66, No. 32 / Thursday, February 15, 2001 / Notices

includes most of the lands proposed for

withdrawal, so the Bureau of Land

Management has determined that the

proposed withdrawal is not needed and

has cancelled its application.

At 9 a.m. on March 19, 2001, the

lands that were described in the Notice

of Proposed Withdrawal in the Federal

Register, FR 99–20274, August 6, 1999,

that are not located within the Agua Fria

National Monument, will be opened to

operation of the public land laws

generally, subject to valid existing

rights, the provision of existing

withdrawals, other segregations of

record, and the requirements of

applicable law. All valid applications

received at or prior to 9 a.m. on March

19, 2001, shall be considered as

simultaneously filed at that time. Those

received thereafter shall be considered

in the order of filing.

At 9 a.m. on March 19, 2001, the

lands that were described in the Notice

of Proposed Withdrawal in the Federal

Register, FR 99–20274, August 6, 1999,

that are not located within the Agua Fria

National Monument will be opened to

location and entry under the United

States mining laws, subject to valid

existing rights, the provision of existing

withdrawals, and other segregations of

record. Appropriation of any of the

lands referenced in this order under the

general mining laws prior to the date

and time of restoration is unauthorized.

Any such attempted appropriation,

including attempted adverse possession

under 30 U.S.C. 38 (1994), shall vest no

rights against the United States. Acts

required to establish a location and to

initiate a right of possession are

governed by State law where not in

conflict with Federal law. The Bureau of

Land Management will not intervene in

disputes between rival locators over

possessory rights since Congress has

provided for such determinations in

local courts.

Dated: February 5, 2001.

Michael A. Ferguson,

Deputy State Director, Resources Division.

[FR Doc. 01–3821 Filed 2–14–01; 8:45 am]

BILLING CODE 4310–32–P

INTERNATIONAL TRADE

COMMISSION

Sunshine Act Meeting

AGENCY HOLDING MEETING: United States

International Trade Commission.

TIME AND DATE: February 22, 2001 at 2

p.m.

PLACE: Room 101, 500 E Street SW.,

Washington, DC 20436, Telephone:

(202) 205–2000.

STATUS: Open to the public.

MATTERS TO BE CONSIDERED: 

1. Agenda for future meeting: None.

2. Minutes.

3. Ratification List.

4. Inv. Nos. 731-TA–919–920

(Preliminary) (Certain Welded Large

Diameter Line Pipe from Japan and

Mexico)—briefing and vote. (The

Commission is currently scheduled to

transmit its determination to the

Secretary of Commerce on February 26,

2001; Commissioners’ opinions are

currently scheduled to be transmitted to

the Secretary of Commerce on March 5,

2001.)

5. Outstanding action jackets: None.

In accordance with Commission

policy, subject matter listed above, not

disposed of at the scheduled meeting,

may be carried over to the agenda of the

following meeting.

Issued: February 13, 2001.

By order of the Commission.

Donna R. Koehnke,

Secretary.

[FR Doc. 01–4014 Filed 2–13–01; 8:45 am]

BILLING CODE 1020–02–P

DEPARTMENT OF LABOR

Pension and Welfare Benefits

Administration

Proposed Extension of Information

Collection; Comment Request;

Prohibited Transaction Class

Exemption 85–68

ACTION: Notice.

SUMMARY: The Department of Labor

(Department), as part of its continuing

effort to reduce paperwork and

respondent burden, conducts a

preclearance consultation program to

provide the general public and Federal

agencies with an opportunity to

comment on proposed and continuing

collections of information in accordance

with the Paperwork Reduction Act of

1995 (PRA 95) (44 U.S.C. 3506(c)(2)(A)).

This helps to ensure that requested data

can be provided in the desired format,

reporting burden (time and financial

resources) is minimized, collection

instruments are clearly understood, and

the impact of collection requirements on

respondents can be properly assessed.

Currently, the Pension and Welfare

Benefits Administration is soliciting

comments concerning the proposed

extension of the information collection

provisions of Prohibited Transaction

Class Exemption 85–68. A copy of the

Information Collection Request (ICR)

may be obtained by contacting the office

listed in the addresses section of this

notice.

DATES: Written comments must be

submitted to the office shown in the

addresses section below on or before

April 16, 2001.

ADDRESSES: Gerald B. Lindrew, Office of

Policy and Research, U.S. Department of

Labor, Pension and Welfare Benefits

Administration, 200 Constitution

Avenue, NW, Room N–5647,

Washington, D.C. 20210. Telephone:

(202) 219–4782; Fax: (202) 219–4745.

These are not toll-free numbers.

SUPPLEMENTARY INFORMATION:

I. Background

Pursuant to section 408 of ERISA, the

Department has authority to grant an

exemption from the prohibitions of

sections 406 and 407(a) if it can

determine that the exemption is

administratively feasible, in the interest

of participants and beneficiaries, and

protective of the rights of participants

and beneficiaries of the plan. Prohibited

Transaction Class Exemption 85–68

describes the conditions under which a

plan is permitted to acquire customer

notes accepted by an employer of

employees covered by the plan in the

ordinary course of the employer’s

primary business activity. The

exemption covers sales as well as

contributions of customer notes by an

employer to its plan. Specifically, the

exemption requires that the employer

provide a written guarantee to

repurchase a note which becomes more

than 60 days delinquent, that such notes

be secured by a perfected security

interest in the property financed by the

note, and that the collateral be insured.

This ICR requires that records

pertaining to the transaction be

maintained for a period of six years for

the purpose of ensuring that the

transactions are protective of the rights

of participants and beneficiaries.

I. Desired Focus of Comments

The Department is particularly

interested in comments that:

• Evaluate whether the proposed

collection of information is necessary

for the proper performance of the

functions of the agency, including

whether the information will have

practical utility;

• Evaluate the accuracy of the

agency’s estimate of the burden of the

proposed collection of information,

including the validity of the

methodology and assumptions used;

• Enhance the quality, utility, and

clarity of the information on those who

are to respond, including through the

use of appropriate automated,

Federal Register / Vol. 66, No. 32 / Thursday, February 15, 2001 / Notices 10513

electronic, mechanical, or other

technological collection techniques or

other forms of information technology,

e.g., permitting electronic submission of

responses.

III. Current Actions

This notice requests comments on the

extension of the ICR included in PTE–

85–68. The ICR included in this

exemption is intended to ensure that the

conditions of ERISA section 408 have

been satisfied with respect to

transactions involving customer notes.

The Department is not proposing or

implementing changes to the existing

ICR at this time.

Type of Review: Extension of a

currently approved collection of

information

Agency: Department of Labor, Pension

and Welfare Benefits Administration.

Title: Prohibited Transaction

Exemption 85–68.

OMB Number: 1210–0094.

Affected Public: Individuals or

households; Business or other for-profit;

Not-for-profit institutions.

Respondents: 120.

Frequency of Response: On occasion.

Responses: 960.

Estimated Total Burden Hours: 960.

Total Burden Cost (Operating and

Maintenance): $0.00.

Comments submitted in response to

this notice will be summarized and/or

included in the request for OMB

approval of the information collection

request; they will also become a matter

of public record.

Dated: February 6, 2001.

Gerald B. Lindrew,

Deputy Director, Office of Policy and

Research, Pension and Welfare Benefits

Administration.

[FR Doc. 01–3832 Filed 2–14–01; 8:45 am]

BILLING CODE 4510–29–P

DEPARTMENT OF LABOR

Pension and Welfare Benefits

Administration

Proposed Extension of Information

Collection Request; Comment

Request; 29 CFR 2550.408b–1

ACTION: Notice.

SUMMARY: The Department of Labor, as

part of its continuing effort to reduce

paperwork and respondent burden,

provides the general public and Federal

agencies with an opportunity to

comment on proposed and/or

continuing collections of information in

accordance with the Paperwork

Reduction Act of 1995 (PRA 95) 44

U.S.C. 3506(c)(2)(A). This program

helps to ensure that requested data can

be provided in the desired format,

reporting burden (time and financial

resources) is minimized, collection

instruments are clearly understood, and

the impact of collection requirements on

respondents can be properly assessed.

Currently, the Pension and Welfare

Benefits Administration is soliciting

comments concerning the proposed

extension of the information collection

provisions of the regulation relating to

loans to plan participants and

beneficiaries who are parties in interest

with respect to the plan (29 CFR

2550.408b–1). A copy of the proposed

information collection request (ICR) can

be obtained by contacting the person

listed below in the ADDRESSES section.

DATES: Written comments must be

submitted on or before April 16, 2001.

ADDRESSES: Gerald B. Lindrew,

Department of Labor, Pension and

Welfare Benefits Administration, 200

Constitution Avenue, NW., Washington,

DC 20210, (202) 219–4782 (this is not a

toll-free number), FAX (202) 219–4745.

SUPPLEMENTARY INFORMATION:

I. Background

The Employee Retirement Income

Security Act of 1974 (ERISA) prohibits

a fiduciary with respect to a plan from

causing the plan to engage in the direct

or indirect lending of money or other

extension of credit between the plan a

party in interest. ERISA section

408(b)(1) exempts loans made by a plan

to parties in interest who are

participants and beneficiaries of the

plan from this prohibition provided that

certain requirements are satisfied. One

such requirement is that loans to

participants must be made in

accordance with specific provisions

regarding such loans set forth in the

plan. In final regulations published in

the Federal Register on July 20, 1989

(54 FR 30520), the Department of Labor

provided additional guidance on section

408(b)(1)(C), which requires that loans

must be made in accordance with

specific provisions set forth in the plan.

This ICR relates to the specific

provisions which must be included in

plan documents for those plans which

permit loans to participants.

II. Desired Focus of Comments

The Department of Labor is

particularly interested in comments

which:

• Evaluate whether the proposed

collection of information is necessary

for the proper performance of the

functions of the agency, including

whether the information will have

practical utility;

• Evaluate the accuracy of the

agency’s estimate of the burden of the

proposed collection of information,

including the validity of the

methodology and assumptions used;

• Enhance the quality, utility, and

clarify the information to be collected;

and

• Minimize the burden of the

collection of information on those who

are to respond, including through the

use of appropriate automated,

electronic, mechanical, or other

technological collection techniques or

other forms of information technology,

e.g., permitting electronic submissions

of responses.

III. Current Actions

This notice requests comments on the

extension of the ICR included in 29 CFR

2550.408b–1. The ICR ensures that

participants and beneficiaries are

provided with adequate information

with respect to matters affecting their

benefits. The Department is not

proposing or implementing changes to

the existing ICR at this time. This

existing collection of information

should be continued because it ensures

that participants and beneficiaries are

provided with adequate information

with respect to matters affecting their

benefits. This ICR also provides

additional guidance concerning the

statutory requirement that loans to

participants be made in accordance with

specific written plan provisions.

Type of Review: Extension.

Agency: Pension and Welfare Benefits

Administration, Department of Labor.

Title: Regulation Relating to Loans to

Plan Participants and Beneficiaries who

are Parties in Interest with Respect to

the Plan.

OMB Number: 1210–0076.

Affected Public: Business or other forprofit, Not-for-profit institutions,

Individuals.

Total Respondents: 1,300.

Frequency: On occasion.

Total Responses: 1,300.

Average Time Per Response: 3 hours.

Estimated Total Burden Hours: 0.

Total Burden Cost (operating/

maintenance): $281,000.

Comments submitted in response to

this notice will be summarized and/or

included in the request for Office of

Management and Budget approval of the

information collection request; they will

also become a matter of public record.