This section of the FEDERAL REGISTER

contains notices to the public of the proposed

issuance of rules and regulations. The

purpose of these notices is to give interested

persons an opportunity to participate in the

rule making prior to the adoption of the final

rules.

Proposed Rules Federal Register

13030

Vol. 66, No. 42

Friday, March 2, 2001

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG–116050–99]

RIN 1545–AX65

Stock Transfer Rules: Carryover of

Earnings and Taxes; Hearing

Cancellation

AGENCY: Internal Revenue Service (IRS),

Treasury.

ACTION: Cancellation of notice of public

hearing on proposed rulemaking.

SUMMARY: This document provides

notice of cancellation of a public

hearing on proposed regulations relating

to stock transfer rules and carryover of

earnings and taxes.

DATES: The public hearing originally

scheduled for Tuesday, March 13, 2001,

at 10 a.m., is canceled.

FOR FURTHER INFORMATION CONTACT: Guy

R. Traynor of the Regulations Unit,

Office of Special Counsel, at (202) 622–

7180 (not a toll-free number).

SUPPLEMENTARY INFORMATION: A notice

of proposed rulemaking and notice of

public hearing that appeared in the

Federal Register on November 15, 2000,

(65 FR 69138), announced that a public

hearing was scheduled for March 13,

2001 at 10 a.m., in Room 7218 of the

Internal Revenue Building, 1111

Constitution Avenue NW., Washington,

DC 20224. The subject of the public

hearing is proposed regulations under

section 367 of the Internal Revenue

Code. The public comment period for

these proposed regulations expired on

February 20, 2001.

The notice of proposed rulemaking

and notice of public hearing, instructed

those interested in testifying at the

public hearing to submit a request to

speak and an outline of the topics to be

addressed. As of February 23, 2001, no

one has requested to speak. Therefore,

the public hearing scheduled for March

13, 2001, is canceled.

Cynthia E. Grigsby,

Chief, Regulations Unit, Office of Special

Counsel (Modernization & Strategic

Planning).

[FR Doc. 01–4925 Filed 3–1–01; 8:45 am]

BILLING CODE 4830–01–P

DEPARTMENT OF TRANSPORTATION

Coast Guard

33 CFR Part 165

[CGD01–00–248]

RIN 2115–AA97

Safety Zone: Triathlon, Ulster Landing,

Hudson River, NY

AGENCY: Coast Guard, DOT.

ACTION: Notice of proposed rulemaking.

SUMMARY: The Coast Guard proposes to

establish a permanent safety zone for

the annual Hudson Valley Triathlon

swim on the Hudson River. This action

is necessary to provide for the safety of

life on navigable waters during the

event. This action is intended to restrict

vessel traffic in a portion of the Hudson

River.

DATES: Comments and related material

must reach the Coast Guard on or before

May 1, 2001.

ADDRESSES: You may mail comments

and related material to Waterways

Oversight Branch (CGD01–00–248),

Coast Guard Activities New York, 212

Coast Guard Drive, room 204, Staten

Island, New York 10305. The

Waterways Oversight Branch of Coast

Guard Activities New York maintains

the public docket for this rulemaking.

Comments and material received from

the public, as well as documents

indicated in this preamble as being

available in the docket, will become part

of this docket and will be available for

inspection or copying at room 204,

Coast Guard Activities New York,

between 8 a.m. and 3 p.m., Monday

through Friday, except Federal holidays.

FOR FURTHER INFORMATION CONTACT:

Lieutenant M. Day, Waterways

Oversight Branch, Coast Guard

Activities New York (718) 354–4012.

SUPPLEMENTARY INFORMATION:

Request for Comments

We encourage you to participate in

this rulemaking by submitting

comments and related material. If you

do so, please include your name and

address, identify the docket number for

this rulemaking (CGD01–00–248),

indicate the specific section of this

document to which each comment

applies, and give the reason for each

comment. Please submit all comments

and related material in an unbound

format, no larger than 81⁄2 by 11 inches,

suitable for copying. If you would like

to know they reached us, please enclose

a stamped, self-addressed postcard or

envelope. We will consider all

comments and material received during

the comment period. We may change

this proposed rule in view of them.

Public Meeting

We do not now plan to hold a public

meeting. But you may submit a request

for a meeting by writing to the

Waterways Oversight Branch at the

address under ADDRESSES explaining

why one would be beneficial. If we

determine that one would aid this

rulemaking, we will hold one at a time

and place announced by a later notice

in the Federal Register.

Background and Purpose

The Coast Guard proposes to establish

a permanent safety zone for the annual

Hudson Valley Triathlon swim on the

Hudson River. The safety zone

encompasses all waters of the Hudson

River, in the vicinity of Ulster Landing,

bound by the following points:

42°00′03.7′′ N 073°56′43.1′′ W, thence to

41°59′52.5′′ N 073°56′34.2′′ W, thence to

42°00′15.1′′ N 073°56′25.2′′ W, thence to

42°00′05.4′′ N 073°56′41.9′′ W (NAD

1983), thence along the shoreline to the

point of beginning.

The proposed safety zone is effective

from 6 a.m. (e.s.t.) until 9 a.m. (e.s.t.) on

the first Sunday after July 4th. There is

no rain date for this event. The

proposed safety zone prevents vessels

from transiting a portion of the Hudson

River. It is needed to protect swimmers

and boaters from the hazards associated

with 500 swimmers competing in a

confined area of the Hudson River.

Recreational vessels can still transit to

the east of the zone during the event and

will not be precluded from mooring at

or getting underway from recreational

piers in the vicinity of the zone.