Federal Register / Vol. 66, No. 35 / Wednesday, February 21, 2001 / Proposed Rules 10981

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Linword A. Watson, Jr.,

Acting Secretary.

[FR Doc. 01–4207 Filed 2–20–01; 8:45 am]

BILLING CODE 6717–01–M

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Parts 1 and 54

[REG–130477–00; REG–130481–00]

RIN 1545–AY69, 1545–AY70

Required Distributions From

Retirement Plans; Correction

AGENCY: Internal Revenue Service (IRS),

Treasury.

ACTION: Correction to notice of proposed

rulemaking and notice of public

hearing.

SUMMARY: This document contains

corrections to a notice of proposed

rulemaking and notice of public hearing

REG–130477–00 and REG–130481–00

which were published in the Federal

Register on Wednesday, January 17,

2001 (66 FR 3928). These regulations

relate to required minimum

distributions from qualified plans,

individual retirement plans, deferred

compensation plans under section 457

and section 403(b) annuity contracts,

custodial accounts and retirement

income accounts.

FOR FURTHER INFORMATION CONTACT:

Cathy A. Vohs, (202) 622–6090 (not a

toll-free number).

SUPPLEMENTARY INFORMATION:

Background

The notice of proposed rulemaking

and notice of public hearing that is the

subject of these corrections is under

sections 401(a), 403(b), 408 and 4974 of

the Internal Revenue Code.

Need for Correction

As published REG–130477–00 and

REG–130481–00 contain errors which

may prove to be misleading and are in

need of clarification.

Correction of Publication

Accordingly, the publication of the

notice of proposed rulemaking and

notice of public hearing (REG–130477–

00 and REG–130481–00), which are the

subject of FR Doc. 01–304, is corrected

as follows:

1. On page 3930, column 1, in the

preamble under the paragraph heading

‘‘Overview’’, first full paragraph in the

column, first bullet statement, line ten,

the language ‘‘beginning date sbull no

longer need’’ is corrected to read

‘‘beginning date, no longer need’’.

2. On page 3930, column 2, in the

preamble under the paragraph heading

‘‘The Uniform Distribution Period’’, first

paragraph, line 17, the language

‘‘§ 1.401(a)–5 of the new proposed’’ is

corrected to read ‘‘§ 1.401(a)(9)–5 of the

new proposed’’.

3. On page 3933, column 1, in the

preamble under the paragraph heading

‘‘IRA Reporting of Required Minimum

Distributions’’ first paragraph, line four,

the language ‘‘IRAs, IRA trustees

determining the’’ is corrected to read

‘‘IRAs, IRA trustees, custodians, and

issuers determining the’’.

4. On page 3933, column 1, in the

preamble under the paragraph heading

‘‘IRA Reporting of Required Minimum

Distributions’’ first paragraph, line 13,

the language ‘‘require the trustee of each

IRA to report’’ is corrected to read

‘‘require the trustee, custodian, or issuer

of each IRA to report’’.

5. On page 3934, column 1, in the

preamble under the paragraph heading

‘‘Amendment of Qualified Plans’’, first

paragraph following the introductory

text, lines 2 and 3, the language ‘‘Plan

made in calendar years beginning on or

after January 1, 2000

(ALTERNATIVELY,’’ is corrected to

read ‘‘Plan made for calendar years

beginning on or after January 1, 2001

(ALTERNATIVELY’’.

6. On page 3934, column 1, in the

preamble under the heading

‘‘Amendment of Qualified Plans’’, first

paragraph following the introductory

text, line 16, the language ‘‘section

401(a)(9) or such other date specified’’

is corrected to read ‘‘section 401(a)(9) or

such other date as may be specified’’.

7. On page 3934, column 2, in the

preamble under the paragraph heading

‘‘Special Analyses’’ lines 5 thru 13, the

language ‘‘regulatory assessment is not

required. It also has been determined

that section 553(b) of the Administrative

Procedure Act (5 U.S.C. chapter 5) does

not apply to these regulations, and

because the regulation does not impose

a collection of information on small

entities, the Regulatory Flexibility Act

(5 U.S.C. chapter 6) does not apply.

Pursuant to’’ is corrected to read

‘‘regulatory assessment is not required.

It is hereby certified that these

regulations will not have a significant

economic impact on a substantial

number of small entities. This

certification is based on the fact that,

when determining the minimum

required distribution in cases where a

plan participant wishes to designate a

trust as beneficiary of the participant’s

benefit, the reporting burden is

primarily on the plan participant, or

trustee of the trust named as beneficiary,

to supply information rather than on the

entity maintaining the retirement plan

and the fact that the number of

participants per plan to whom the

burden applies is insignificant. The

recordkeeping burden with respect to

section 403(b) contracts under which

the pre-1987 account balance must be

maintained applies only to issuers and

custodians of those contracts, which

generally are not small entities.

Accordingly, a Regulatory Flexibility

Analysis is not required. Pursuant to’’.

§ 1.401(a)(9)–2 [Corrected]

8. On page 3936, column 2,

§ 1.401(a)(9)–2, paragraph (a) of A–6,

line 7 from the bottom of the paragraph,

the language ‘‘and § 1.401(a)(9)–4, and

not section’’ is corrected to read ‘‘and

§ 1.401(a)(9)–3, and not section’’.

§ 1.409(a)(9)–5 [Corrected]

9. On page 3941, column 2,

§ 1.401(a)(9)–5, paragraph (a) of A–6,

line 7, the language ‘‘must be computed

10982 Federal Register / Vol. 66, No. 35 / Wednesday, February 21, 2001 / Proposed Rules

using of the expected’’ is corrected to

read ‘‘must be computed using the

expected’’.

§ 1.401(a)(9)–6 [Corrected]

10. On page 3942, column 3, line 2 of

the section heading of § 1.401(a)(9)–6,

the language ‘‘distributions as annuity

payments.’’ is corrected to read

‘‘distributions from defined benefit

plans.’’.

11. On page 3944, column 1,

§ 1.401(a)(9)–6, paragraph (a)(2) of A–3,

line 13, the language ‘‘the calendar year

that contains on the’’ is corrected to

read ‘‘the calendar year that contains

the’’.

12. On page 3945, column 2,

§ 1.401(a)(9)–6, paragraph (a) of A–10,

lines 11 and 12 from the bottom of the

paragraph, the language ‘‘starting date

but before the annuity starting date

determined under A–2 of’’ is corrected

to read ‘‘starting date but before the

required beginning date determined

under A–2 of’’.

§ 1.401(a)(9)–8 [Corrected]

13. On page 3947, column 1,

§ 1.401(a)(9)–8, paragraph (b) of A–2,

line 6 from the bottom of the paragraph,

the language ‘‘401(a)(9)(B)(iii) and (iv)

even through’’ is corrected to read

‘‘401(a)(9)(B)(iii) and (iv) even though’’.

14. On page 3949, column 1,

§ 1.409(a)(9)–8, paragraph A–13, line 6,

the language ‘‘section 242(b) was

preserved.’’ is corrected to read ‘‘section

242(b) of TEFRA was preserved.’’.

§ 1.403(b)–2 [Corrected]

15. On page 3950, column 1,

§ 1.403(b)–2, paragraph (c) of A–2, lines

1 and 2, the language ‘‘(c) The pre-’86

account balance and the post-’87

account balance have no’’ is corrected to

read ‘‘(c) The pre-’87 account balance

and the post-’86 account balance have

no’’.

§ 1.408–8 [Corrected]

16. On page 3950, column 3, § 1.408–

8, paragraph A–4, second line from the

bottom of the column, the language ‘‘the

IRA or, as permitted under A–8 of’’ is

corrected to read ‘‘the IRA or, as

permitted under A–9 of’’.

17. On page 3951, column 3, § 1.408–

8, paragraph A–8, line 15, the language

‘‘provided in A–4(a) of § 1.401(a)(9)–7

in’’ is corrected to read ‘‘provided in A–

4 of § 1.401(a)(9)–7 in’’

18. On page 3951, column 3, § 1.408–

8, paragraph Q–9, line 3, the language

‘‘permitted to distributed from another’’

is corrected to read ‘‘permitted to be

distributed from another’’.

19. On page 3952, column 1, § 1.408–

8, paragraph Q–10, line 1, the language

‘‘Q–10. Is the trustee of an IRA

required’’ is corrected to read ‘‘Q–10. Is

the trustee, custodian, or issuer of an

IRA required’’.

20. On page 3952, column 1, § 1.408–

8, paragraph A–10, line 1, the language

‘‘A–10. Yes. The trustee of an IRA is’’

is corrected to read, ‘‘A–10. Yes. The

trustee, custodian, or issuer of an IRA

is’’.

§ 54.4974–2 [Corrected]

21. On page 3952, column 1,

§ 54.4974–2, paragraph A–1, last line in

the column, the language ‘‘Q&A–6

provides a special rule for’’ is corrected

to read ‘‘Q&A–7 provides a special rule

for’’.

22. On page 3953, column 1,

§ 54.4974–2, the introductory text of

paragraph (b) of A–4, line 7 from the top

of the column, the language ‘‘A–2 of this

section. If the annuity’’ is corrected to

read ‘‘A–3 of this section. If the

annuity’’.

23. On page 3953, column 3,

§ 54.4974–2, paragraph Q–5, line 5, the

language ‘‘to be distributed under

section, what is’’ is corrected to read ‘‘to

be distributed under section 401(a)(9),

what is’’.

24. On page 3954, column 1,

§ 54.4974–2, paragraph A–7, line 5 from

the bottom of the paragraph, the

language ‘‘year which contains the

employee’s’’ is corrected to read ‘‘year

which contains the employee’s or

individual’s’’.

25. On page 3954, column 1,

§ 54.4974–2, paragraph A–7, last line of

the paragraph, the language ‘‘the

employee’s required beginning date.’’ is

corrected to read ‘‘the employee’s or

individual’s required beginning date.’’.

26. On page 3954, column 1,

§ 54.4974–2, paragraph (b)(1) of A–8,

second line from the bottom of the

paragraph, the language ‘‘employee’s

death before the employee’s’’ is

corrected to read ‘‘employee’s or

individual’s death before the employee’s

or individual’s’’.

27. On page 3954, column 2,

§ 54.4974–2, paragraph (b)(2) of A–8,

last line of the paragraph, the language

‘‘employee’s date of death.’’ is corrected

to read ‘‘employee’s or individuals date

of death.’’.

Cynthia Grigsby,

Chief, Regulations Unit, Office of Special

Counsel (Modernization & Strategic

Planning).

[FR Doc. 01–3635 Filed 2–20–01; 8:45 am]

BILLING CODE 4830–01–P

FEDERAL COMMUNICATIONS

COMMISSION

47 CFR Part 73

[DA 01–374, MM Docket No. 01–41, RM–

10058]

Digital Television Broadcast Service;

Merced, CA

AGENCY: Federal Communications

Commission.

ACTION: Proposed rule.

SUMMARY: The Commission requests

comments on a petition filed by Sainte

51, L.P., permittee of station KNSO(TV),

NTSC channel 51, Merced, California,

requests the substitution of DTV

channel 5 for station KNSO(TV)’s

assigned DTV 38. DTV Channel 5 can be

allotted to Merced, California, in

compliance with the principle

community coverage requirements of

Section 73.625(a) at reference

coordinates (37–04–18 N. and 119–25–

53 W.). As requested, we propose to

allot DTV Channel 5 to Merced with a

power of 12.9 and a height above

average terrain (HAAT) of 756 meters.

DATES: Comments must be filed on or

before April 9, 2001, and reply

comments on or before April 24, 2001.

ADDRESSES: Federal Communications

Commission, 445 12th Street, SW.,

Room TW–A325, Washington, DC

20554. In addition to filing comments

with the FCC, interested parties should

serve the petitioner, or its counsel or

consultant, as follows: Anne Goodwin

Crump, Fletcher, Heald & Hildreth.

P.L.C., 11th Floor, 1300 North 17th

Street, Arlington, Virginia 22209–3801

(Counsel for Sainte 51, L.P.).

FOR FURTHER INFORMATION CONTACT: Pam

Blumenthal, Mass Media Bureau, (202)

418–1600.

SUPPLEMENTARY INFORMATION: This is a

synopsis of the Commission’s Notice of

Proposed Rule Making, MM Docket No.

01–41, adopted February 13, 2001, and

released February 14, 2001. The full text

of this Commission decision is available

for inspection and copying during

normal business hours in the FCC

Reference Center, 445 12th Street, SW.,

Washington, DC. The complete text of

this decision may also be purchased

from the Commission’s copy contractor,

International Transcription Services,

Inc., (202) 857–3800, 1231 20th Street,

NW., Washington, DC 20036.

Provisions of the Regulatory

Flexibility Act of 1980 do not apply to

this proceeding.

Members of the public should note

that from the time a Notice of Proposed

Rule Making is issued until the matter