14350 Federal Register / Vol. 66, No. 48 / Monday, March 12, 2001 / Proposed Rules

General Electric Co.: Docket 2001–NE–05–

AD.

Applicability: This airworthiness directive

(AD) is applicable to General Electric

Company (GE) CF6–80C2 series turbofan

engines with stage 1 high pressure turbine

(HPT) rotor disks, part numbers (P/N’s)

1531M84G02, 1531M84G06, 1531M84G08,

1531M84G10, 9392M23G10, 9392M23G12,

9392M23G21, and 1862M23G01 installed.

These engines are installed on, but not

limited to Airbus Industrie A300 and A310

series, Boeing 747 and 767 series, and

McDonnell Douglas MD–11 series airplanes.

Note 1: This AD applies to each engine

identified in the preceding applicability

provision, regardless of whether it has been

modified, altered, or repaired in the area

subject to the requirements of this AD. For

engines that have been modified, altered, or

repaired so that the performance of the

requirements of this AD is affected, the

owner/operator must request approval for an

alternative method of compliance in

accordance with paragraph (f) of this AD. The

request should include an assessment of the

effect of the modification, alternation, or

repair on the unsafe condition addressed by

this AD; and, if the unsafe condition has not

been eliminated, the request should include

specific proposed actions to address it.

Compliance: Compliance with this AD is

required as indicated below, unless already

done.

To detect cracks in the bottoms of the

dovetail slots that could propagate to failure

of the disk and cause an uncontained engine

failure, perform the following inspections:

(a) Inspect the stage 1 HPT rotor disk in

accordance with 3.A(1) through 3.C.(10)(i) of

the Accomplishment Instructions of GE alert

service bulletin (ASB) CF6–80C2 72–A1026,

dated January 17, 2001, and Table 1 of this

AD, and replace if necessary, as follows:

TABLE 1.—COMPLIANCE TIMES FOR STAGE 1 HPT DISK INSPECTIONS

Stage 1 HPT rotor disk cycles-since-new (CSN)

on the effective date of this AD Initial inspection Repetitive inspection

(1) 1,500 CSN or fewer ..................................... At the next engine shop visit (ESV) after the

effective date of this AD, but not to exceed

5,000 CSN.

At each piece-part exposure.

(2) More than 1,500 CSN .................................. At the next ESV after the effective date of this

AD, but not to exceed 3,500 cycles-in-service (CIS) after the effective date of this AD.

At each piece-part exposure.

(3) Any number of CSN if the disk has been inspected using CF6–80C2 72–A1024, dated

October 13, 2000, before the effective date

of this AD.

At the next ESV after the effective date of this

AD.

At each piece-part exposure.

(b) After the effective date of this AD, do

not install any stage 1 HPT rotor disk with

greater than zero CSN until it has been

inspected in accordance with 3.A.(1) through

3.C.(10)(i) of the Accomplishment

Instructions of GE ASB CF6–80C2 72–A1026,

dated January 17, 2001.

(c) Thereafter, inspect the disk at each

piece-part exposure, and replace if necessary.

Definitions

(d) The following definitions apply for this

AD:

(1) Piece-part exposure means the stage 1

HPT rotor disk is considered completely

disassembled as follows:

(i) When done in accordance with the

disassembly instructions in the engine

manufacturer’s Engine Manual, AND

(ii) the disk has accumulated more than

100 CIS since the last piece-part opportunity

inspection, if the disk was not damaged or

related to the cause for its removal from the

engine.

(2) An ESV is defined as the induction of

an engine into a shop where the separation

of a major engine flange will occur after the

effective date of this AD. The following

actions, either separately or in combination,

are not considered ESV’s for the purpose of

this AD.

(i) Induction of an engine into a shop

solely for removal of the upper compressor

stator case for airfoil maintenance.

(ii) Induction of an engine into a shop

solely for the module level inspection of the

high pressure compressor rotor 3–9 spool.

Reporting Requirements

(e) Report the following information on all

disks that equal or exceed the reject criteria

of GE ASB CF6–80C2 72–A1026, within 5

calendar days of the inspection, to the

Manager, Engine Certification Office.

Reporting requirements have been approved

by the Office of Management and Budget and

assigned OMB control number 2120–0056.

(1) Engine model in which the stage 1 HPT

rotor disk was installed, AND

(2) Disk P/N, AND

(3) Disk serial number, AND

(4) CSN on the disk, AND

(5) Cycles-since-last-inspection, AND

(6) Date and location of the inspection

Alternative Methods of Compliance

(f) An alternative method of compliance or

adjustment of the compliance time that

provides an acceptable level of safety may be

used if approved by the Manager, Engine

Certification Office (ECO). Operators shall

submit their requests through an appropriate

FAA Principal Maintenance Inspector, who

may add comments and then send it to the

Manager, ECO.

Note 2: Information concerning the

existence of approved alternative methods of

compliance with this airworthiness directive,

if any, may be obtained from the ECO.

Special Flight Permits

(g) Special flight permits may be issued in

accordance with §§ 21.197 and 21.199 of the

Federal Aviation Regulations (14 CFR 21.197

and 21.199) to operate the aircraft to a

location where the requirements of this AD

can be accomplished.

Issued in Burlington, Massachusetts, on

February 27, 2001.

David A. Downey,

Acting Manager, Engine and Propeller

Directorate, Aircraft Certification Service.

[FR Doc. 01–5496 Filed 3–9–01; 8:45 am]

BILLING CODE 4910–13–M

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; 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

that was published in the Federal

Register on Wednesday, November 15,

2000 (65 FR 69138), relating to the

carryover of certain tax attributes, such

as earnings and profits and foreign

income tax accounts, when two

Federal Register / Vol. 66, No. 48 / Monday, March 12, 2001 / Proposed Rules 14351

corporations combine in a section

367(b) transaction.

FOR FURTHER INFORMATION CONTACT:

Anne O’Connell Devereaux (202) 622–

3850 (not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

The notice of proposed rulemaking

and notice of public hearing (REG–

116050–99) that is the subject of these

corrections is under section 367 of the

Internal Revenue Code.

Need for Correction

As published the notice of proposed

rulemaking and notice of public hearing

(REG–116050–99), contains errors that

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–116050–

99), which was the subject of FR Doc.

00–28950, is corrected as follows:

1. On page 69139, column 3, in the

preamble under the paragraph heading

C. Specific Policies Related to Foreign

381 Transactions (Prop. Reg. § 1.367(b)–

7), first full paragraph in the column,

line 6, the language ‘‘corporation as

defined in section 957’’ is corrected to

read ‘‘corporation as defined in section

953 or 957’’.

2. On page 69140, column 3, in the

preamble under the paragraph heading

C. Specific Policies Related to Foreign

381 Transactions (Prop. Reg. § 1.367(b)–

7), the first full paragraph, the last 2

lines, the language ‘‘opportunities to

traffic in foreign tax credits.’’ is

corrected to read ‘‘opportunities to

traffic in foreign taxes.’’.

PART 1—INCOME TAXES

§ 1.367(b)–3 [Corrected]

3. On page 69149, column 3,

§ 1.367(b)–3(f), last line in the column,

the language ‘‘specifically provided (see,

e.g., 89–79’’ is corrected to read

‘‘specifically provided (see, e.g., Notice

89–79’’.

§ 1.367(b)–8 [Corrected]

4. On page 69176, § 1.367(b)–8(d)(6),

paragraph (ii)(D) of Example 3, the table

is corrected to read as follows:

§ 1.367(b)–8 Allocation of earnings and

profits and foreign income taxes in certain

foreign corporate separations.

* * * * *

(d) * * *

(6) * * *

Example 3. ***

(ii) * * *

(D) * * *

Separate category E&P Foreign

taxes

General ..................... 150u $30

Shipping .................... 100u 40

250u 70

* * * * *

5. On page 69176, column 1,

§ 1.367(b)–8(d)(6), paragraph (ii)(E) of

Example 3, line 12, the language ‘‘stock

to $525. Because the fair market value’’

is corrected to read ‘‘stock to $425.

Because the fair market value’’.

6. On page 69176, column 1,

§ 1.367(b)–8(d)(6), paragraph (ii)(E) of

Example 3, the last line in the column

preceding the second table, the language

‘‘$75. See also paragraph (d)(2)(iii)(C) of

this’’ is corrected to read ‘‘$175. See also

paragraph (d)(2)(iii)(C) of this’’.

7. On page 69178. column 3,

§ 1.367(b)–8(e)(6), paragraph (ii)(B) of

Example 2, lines 5 through 9 from the

bottom of the paragraph, the language

‘‘shipping separate category (along with

$50 of foreign income taxes) and

166.67u (200u¥(100u × (200u ÷ 600u)))

of available earnings in the section

904(d)(1)(D) shipping separate category

(along with $80 of foreign income’’ is

corrected to read ‘‘shipping separate

category (along with $80 of foreign

income’’.

Cynthia E. Grigsby,

Chief, Regulations Unit, Office of Special

Counsel (Modernization & Strategic

Planning).

[FR Doc. 01–5284 Filed 3–9–01; 8:45 am]

BILLING CODE 4830–01–P

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG–106030–98]

RIN 1545–AW50

Source of Income From Certain Space

and Ocean Activities; Also, Source of

Communications Income; Hearing

AGENCY: Internal Revenue Service (IRS),

Treasury.

ACTION: Change of date of public

hearing; extension of time to submit

outlines of oral comments.

SUMMARY: This document changes the

date of the public hearing on the

proposed regulations under sections

863(a)(d) and (e) governing the source of

income from certain communications

activities. It also extends the time to

submit outlines of oral comments for the

hearing.

DATES: The public hearing will be held

May 23, 2001, beginning at 10 a.m.

Additional outlines of oral comments

must be received by May 2, 2001.

ADDRESSES: The public hearing will be

held in Room 2615, Internal Revenue

Building, 1111 Constitution Avenue,

NW., Washington, DC. Send

submissions to: Regulations Unit CC

(REG–106030–98), room 5226, Internal

Revenue Service, POB 7604, Ben

Franklin Station, Washington, DC

20044. Submissions may be hand

delivered between the hours of 8 a.m.

and 5 p.m. to: Regulations Unit CC

(REG–106030–98), Courier’s Desk,

Internal Revenue Service, 1111

Constitution Avenue NW., Washington

DC. Alternatively, taxpayers may submit

outlines of oral comments electronically

directly to the IRS Internet site at http:/

/www.irs.gov/tax regs/reglist.html.

FOR FURTHER INFORMATION CONTACT:

Concerning the regulations, Anne

Shelburne, (202) 874–1490; concerning

submission, LaNita Van Dyke, (202)

622–7190 (not toll-free numbers).

SUPPLEMENTARY INFORMATION:

Background

A notice of proposed rulemaking and

notice of public hearing, appearing in

the Federal Register on Wednesday,

January 17, 2001 (66 FR 3903),

announced that a public hearing on the

proposed regulations under sections

863(d) and 863(e), governing the source

of income from certain space and ocean

activities would be held on March 28,

2001, in the Auditorium, Internal

Revenue Building, 1111 Constitution

Avenue, NW., Washington, DC.

Subsequently, the date of the public

hearing has changed to May 23, 2001, at

10 a.m. in room 2615. Outlines of oral

comments must be received by May 2,

2001.

Cynthia Grigsby,

Chief, Regulations Unit, Office of Special

Counsel, (Modernization & Strategic

Planning).

[FR Doc. 01–5908 Filed 3–6–01; 2:56 pm]

BILLING CODE 4830–01–P