80 FR 34239 - Change to Existing Regulation Concerning the Interest Rate Paid on Cash Deposited To Secure Immigration Bonds
DEPARTMENT OF HOMELAND SECURITY Federal Register Volume 80, Issue 115 (June 16, 2015)
Federal Register Volume 80, Issue 115 (June 16, 2015)
| Page Range | 34239-34242 | |
| FR Document | 2015-14675 |
[Federal Register Volume 80, Number 115 (Tuesday, June 16, 2015)] [Rules and Regulations] [Pages 34239-34242] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-14675] ======================================================================== Rules and Regulations Federal Register ________________________________________________________________________ This section of the FEDERAL REGISTER contains regulatory documents having general applicability and legal effect, most of which are keyed to and codified in the Code of Federal Regulations, which is published under 50 titles pursuant to 44 U.S.C. 1510. The Code of Federal Regulations is sold by the Superintendent of Documents. Prices of new books are listed in the first FEDERAL REGISTER issue of each week. ======================================================================== Federal Register / Vol. 80, No. 115 / Tuesday, June 16, 2015 / Rules and Regulations [[Page 34239]] DEPARTMENT OF HOMELAND SECURITY 8 CFR Part 293 [DHS Docket No. ICEB-2013-0002] RIN 1653-AA66 Change to Existing Regulation Concerning the Interest Rate Paid on Cash Deposited To Secure Immigration Bonds AGENCY: U.S. Immigration and Customs Enforcement, DHS. ACTION: Final rule. ----------------------------------------------------------------------- SUMMARY: The Department of Homeland Security is amending its regulations addressing the payment of interest on cash bond deposits to explicitly provide that the Department of the Treasury (Treasury) will set the interest rate. Treasury will notify the public of its interest rate determinations by publishing the rates on the Treasury Web site or via another mechanism. Under the existing regulation, the current rate of interest paid on deposits securing cash bonds is 3 percent per annum. 8 U.S.C. 1363(a); 8 CFR 293.2. This final rulemaking is consistent with the requirement of 8 U.S.C. 1363(a) that interest payments shall be ``at a rate determined by the Secretary of the Treasury, except that in no case shall the interest rate exceed 3 per centum per annum.'' DATES: This rule is effective August 17, 2015. ADDRESSES: Comments and related materials received from the public, as well as documents mentioned in this preamble as being available in the docket, are part of docket ICEB-2013-0002 and are available online by going to http://www.regulations.gov, inserting ICEB-2013-0002 in the ``Search'' box, and then clicking ``Search.'' FOR FURTHER INFORMATION CONTACT: If you have questions on this rule, call or email Don Benoit, Bonds Branch Supervisor, Burlington Finance Center, P.O. Box 5000, Williston, VT 05495-5000. Telephone: (802) 288- 7630, email: [email protected]. SUPPLEMENTARY INFORMATION: I. Regulatory History and Information On October 28, 2013, DHS published a notice of proposed rulemaking (NPRM) in the Federal Register, entitled Change to Existing Regulation Concerning the Interest Rate Paid on Cash Deposited to Secure Immigration Bonds. 78 FR 64183. We received two comments on the proposed rule. No public meeting was requested, and none was held. II. Abbreviations CFR Code of Federal Regulations DHS Department of Homeland Security FR Federal Register ICE U.S. Immigration and Customs Enforcement INA Immigration and Nationality Act of 1952, as amended NPRM Notice of proposed rulemaking OMB Office of Management and Budget Sec. Section symbol U.S.C. United States Code III. Basis and Purpose A. Immigration Bonds Secured by Cash U.S. Immigration and Customs Enforcement (ICE) may release certain aliens from detention during removal proceedings after a custody determination has been made pursuant to 8 CFR 236.1(c). As a condition of his/her release from custody, an alien may be required to post an immigration bond. Currently, about 91 percent of the immigration bonds issued each year is secured by cash (cash bonds). (Fiscal Year 2013 Total, Cash Bonds and Surety Bonds--on file with the Bonds Branch, ICE Financial Operations--Burlington). The other 9 percent of the immigration bonds are issued by surety companies (surety bonds) certified by the Department of the Treasury to post bonds on behalf of the Federal government pursuant to 31 U.S.C. 9304-9308 and 31 CFR part 223. ICE deposits cash pledged as security on cash bonds in a fund maintained by Treasury known as the Immigration Bond Deposit Account. These funds are held ``in trust'' for the obligor and currently earn simple interest at the rate of 3 percent per annum. 8 U.S.C. 1363(a); 8 CFR part 293. Immigration bonds are not in effect for a set period of time. They remain in effect until they are breached or canceled. On average, a cash bond is in effect for about 34 months. (Data on file with ICE Financial Operations--Burlington). B. Payment of Interest on Cash Bond Deposits In 1970, Congress added section 293 of the Immigration and Nationality Act (INA), as amended, to pay interest at a rate determined by the Secretary of the Treasury, not to exceed 3 per centum per annum, on cash received as security for immigration bonds. Public Law 91-313 (July 10, 1970) (codified at 8 U.S.C. 1363). Effective on the date of its publication in the Federal Register, July 23, 1971, the interest rate set by Treasury--3 per centum per annum--has been paid on cash bond deposits received after April 27, 1966. 36 FR 13677 (8 CFR part 293). Thus, since 1971, the Government has paid simple interest at the rate of 3 percent per year on cash deposited by bond obligors to secure immigration bonds. Interest is earned on a cash bond from the date the bond is issued until it is breached or canceled. The amount of interest earned varies depending on the face amount of the bond and the length of time it remains in effect. For example, a $5,000 cash bond in effect for 3 years would earn $450 in interest with a 3 percent per annum interest rate. In the NPRM published on October 28, 2013, DHS proposed to modify the current 8 CFR 293.2, which states that ``effective from date of deposit occurring after April 27, 1966, the interest rate shall be 3 per centum per annum.'' DHS proposed to revise this provision to explicitly state that Treasury will set the interest rate directly. Thus, DHS proposed to utilize the rate set by Treasury in issuing interest payments, with DHS having no role in setting the rate. 78 FR 64183. IV. Discussion of Comments and the Final Rule The October 2013 NPRM provided for a public comment period of 60 days, which ended on December 27, 2013. During that time period, DHS received two public comments. One of the comments recommended the interest rate be set at the flat rate of one-half of one percent. DHS considered the comment and decided not to adopt it. As discussed above, Treasury possesses [[Page 34240]] the statutory authority to set the interest rate on cash received as security for immigration bonds. Public Law 91-313 (July 10, 1970) (codified at 8 U.S.C. 1363). DHS does not possess the statutory authority to set the rate in the manner suggested by the commenter. The second comment, submitted by a bonding agency, opposed the rule because the rule did not specify that any change in the interest rate would only apply to cash bonds posted after Treasury issues a new interest rate. The commenter proposed keeping the current 3 percent interest rate for all bonds posted prior to the effective date of an interest rate change until the bond was breached or canceled. For bonds posted after the effective date of the rule, the commenter proposed applying the interest rate in effect at the time the bond was posted throughout the life of the bond. DHS has decided against adopting this proposal. DHS understands that Treasury may set a fluctuating, market-based rate that will not exceed the statutory 3 percent ceiling. Assuming that Treasury sets such a rate, DHS will apply the new rate to all cash bond deposits as of the rate's effective date. Unless Treasury's published rate requires otherwise, DHS will adjust any Treasury-determined rate each time the rate changes. Consistent with 8 U.S.C. 1363, bond deposits will continue to receive the 3 percent rate until the new Treasury rate goes into effect. After the effective date of a new rate, DHS will apply the new Treasury rate to all bond deposits. After considering different options for how to finalize this regulation, including the method proposed in the second comment, DHS has determined that unless Treasury's published rate requires otherwise, it will apply any new Treasury rate to all bond deposits regardless of when the bond was posted. DHS made this decision for a number of reasons. If DHS adopted the second comment and assigned a fixed interest rate based on the date the bond was posted, DHS would not be able to effectuate a determination by Treasury that a fluctuating rate be applied to cash bond deposits. Under 8 U.S.C. 1363(a), cash received as security on an immigration bond ``shall bear interest at a rate determined by the Secretary of the Treasury.'' The second comment's proposal--that DHS require multiple interest rates to be paid on bonds depending on the date the bond was posted--is inconsistent with the statutory language. DHS's approach also has the advantage of applying any new interest rate uniformly to cash bond deposits. All deposits will continue to receive the 3 percent rate until a new interest rate goes into effect. As of the effective date of the new rate, the new rate will be applied to all of the deposits and, as the rate changes, each succeeding new rate will be applied to all of the deposits. This approach recognizes Treasury's broad discretion under statute to set an appropriate rate. This approach has the further advantage of allowing any new interest rate's budget impact to be monitored. DHS has carefully considered how the new rule impacts the ability of an alien to secure a cash bond and expects that any effects will be negligible. For a variety of reasons, DHS believes that cash bond obligors are generally insensitive to changes in the bond interest rate. For instance, in DHS's experience, the vast majority of cash bond obligors are the alien's family members or friends who post bonds for the primary purpose of releasing the alien from custody. The interest earned on the cash deposits for these obligors is incidental to effectuating the alien's release. Moreover, if any cash bond obligors are so sensitive to a change in the bond's interest rate that they want to terminate their obligations under the bond, a process exists that allows the possible early surrender of the bonded alien. Any obligor may ask the DHS office that posted the bond to authorize surrender of the alien before being required to do so by DHS. Such a request may be granted at the discretion of the office where the bond was posted. If the request is granted, the bond would be canceled once the obligor effectuates surrender of the alien, and the cash deposit would be refunded. Finally, the second commenter noted the possibility of unfair surprise if the interest rate were to change during the life of the bond, because ``the depositing party was advised of, and relied upon, the 3% interest rate at the time the cash deposit was made.'' While Treasury's initial determination of a 3 percent interest rate was published in a 1971 regulation, 8 CFR 293.2, DHS notes that, since 1970, it has been Treasury's statutory prerogative to determine the interest rate. The bond agreement between DHS and the bond obligor does not contain an interest rate as one of its terms and does not guarantee that the interest rate originally determined by Treasury would be in effect for the life of the bond. ICE Form I-352. Instead, by statute, Treasury is authorized to determine the interest rate, and DHS calculates the amount of interest earned based on the rate set by Treasury, the face amount of the bond, and the number of days that the bond was in effect. Even assuming a future change in the interest rate frustrates the expectations of an obligor who was aware of the 3 percent rate, ICE may nonetheless apply a new rate to a bond deposit after the new rate goes into effect because ICE will not be attaching new legal consequences to completed, past conduct. Instead, ICE will be applying the new rate to an open cash bond--an agreement whose fulfillment is still a work in progress. Until Treasury sets a new interest rate, cash deposits currently securing bonds will continue to receive the 3 percent interest rate. As described above, following implementation of a new interest rate, deposits could begin receiving a different rate. This approach will therefore have an exclusively future effect. V. Statutory and Regulatory Requirements DHS developed this rule after considering numerous statutes and executive orders related to rulemaking. The below sections summarize our analyses based on a number of these statutes and executive orders. A. Executive Orders 12866 and 13563: Regulatory Planning and Review Executive Orders 12866 and 13563 direct agencies to assess the costs and benefits of available regulatory alternatives and, if regulation is necessary, to select regulatory approaches that maximize net benefits (including potential economic, environmental, public health and safety effects, distributive impacts, and equity). Executive Order 13563 emphasizes the importance of quantifying both costs and benefits, of reducing costs, of harmonizing rules, and of promoting flexibility. The Office of Management and Budget (OMB) has not designated this rule a ``significant regulatory action'' under section 3(f) of Executive Order 12866. Accordingly, OMB did not review the proposed rule and has not reviewed the final rule. The proposed and final rules explicitly state that Treasury is authorized by statute to set the interest rate paid on cash deposited to secure immigration bonds, provided that the rate cannot exceed 3 percent per year and cannot be less than 0. In deciding to propose this rule, DHS considered whether DHS would implement any possible future changes to the current fixed interest rate of 3 percent per annum that may be made by Treasury, through informal rulemaking or other means. DHS rejected this alternative. Because Congress authorized the Secretary of the Treasury to set the rate [[Page 34241]] directly, the approach that DHS proposed and adopts here is a more efficient and cost-effective process. The proposed and final rules further do not make any changes to the current interest rate paid to cash bond obligors; under current law, a change to the current interest rate paid cannot be made except under Treasury's sole authority. As this rulemaking does not make any changes to the current fixed 3 percent per annum interest rate, this rule does not impose any costs on bond obligors. As noted above, under current law, Treasury has the sole authority to set the interest rate that DHS uses to determine the amount of interest paid for cash immigration bonds. The rule provides that Treasury will set the interest rate directly and will publish the interest rate on the Treasury Web site or through another mechanism. This will save DHS resources by removing the intermediate step for DHS to implement Treasury's decision by informal rulemaking. B. Regulatory Flexibility Act Under the Regulatory Flexibility Act of 1980 (RFA), 5 U.S.C. 601- 612, as amended, we have considered whether this rule would have a significant economic impact on a substantial number of small entities. The term ``small entities'' comprises small businesses, not-for-profit organizations that are independently owned and operated and are not dominant in their fields, and governmental jurisdictions with populations of less than 50,000. This rule does not impose any direct costs on small entities. Consequently, DHS certifies this final rule would not impose a significant economic impact on a substantial number of small entities. DHS received no public comments challenging this certification. C. The Small Business Regulatory Enforcement Fairness Act of 1996 This final rule is not a major rule as defined by 5 U.S.C. 804, for purposes of congressional review of agency rulemaking under the Small Business Regulatory Enforcement Fairness Act of 1996, Pub. L. 104-121. This rule would not result in an annual effect on the economy of $100 million or more; a major increase in costs or prices; or adverse effects on competition, employment, investment, productivity, innovation, or the ability of United States-based companies to compete with foreign-based companies in domestic or export markets. D. Paperwork Reduction Act of 1995 All Departments are required to submit to OMB for review and approval, any reporting or recordkeeping requirements inherent in a rule under the Paperwork Reduction Act of 1995, Pub. L. 104-13, 109 Stat. 163 (1995), 44 U.S.C. 3501-3520. This rule does not change or require a collection of information. E. Federalism A rule has implications for federalism under Executive Order 13132, Federalism, if it has a substantial direct effect on the States, on the relationship between the national government and the States, or on the distribution of power and responsibilities among the various levels of government. We have analyzed this rule under the Order and have determined that it does not have implications for federalism. F. Unfunded Mandates Reform Act The Unfunded Mandates Reform Act of 1995 (2 U.S.C. 1531-1538) requires federal agencies to assess the effects of their discretionary regulatory actions. In particular, the Act addresses actions that may result in the expenditure by a State, local, or tribal government, in the aggregate or by the private sector of $100,000,000 (adjusted for inflation) or more in any one year. This rule will not result in such an expenditure. G. Private Property This rule will not cause a taking of private property or otherwise have takings implications under Executive Order 12630, Governmental Actions and Interference with Constitutionally Protected Property Rights. H. Civil Justice Reform This rule meets applicable standards in section 3(a) and 3(b)(2) of Executive Order 12988, Civil Justice Reform, to minimize litigation, eliminate ambiguity, and reduce burden. DHS has determined that this rule meets the requirements of E.O. 12988 because it does not involve any retroactive effects, preemptive effects, or any other matters addressed in E.O. 12988. I. Energy Effects We have analyzed this rule under Executive Order 13211, Actions Concerning Regulations That Significantly Affect Energy Supply, Distribution, or Use. We have determined that it is not a ``significant energy action'' under that order because it is not a ``significant regulatory action'' under Executive Order 12866 and will not have a significant adverse effect on the supply, distribution, or use of energy. J. Technical Standards The National Technology Transfer and Advancement Act (NTTAA) (15 U.S.C. 272 note) directs agencies to use voluntary consensus standards in their regulatory activities unless the agency provides Congress, through the Office of Management and Budget, with an explanation of why using these standards would be inconsistent with applicable law or otherwise impractical. Voluntary consensus standards are technical standards (e.g., specifications of materials, performance, design, or operation; test methods; sampling procedures; and related management systems practices) that are developed or adopted by voluntary consensus standards bodies. This rule does not use technical standards. Therefore, we did not consider the use of voluntary consensus standards. K. National Environmental Policy Act U.S. Department of Homeland Security Management Directive (MD) 023- 01 establishes procedures that the Department and its components use to comply with the National Environmental Policy Act of 1969 (NEPA), 42 U.S.C. 4321-4375, and the Council on Environmental Quality (CEQ) regulations for implementing NEPA, 40 CFR parts 1500-1508. CEQ regulations allow federal agencies to establish categories of actions which do not individually or cumulatively have a significant effect on the human environment and, therefore, do not require an Environmental Assessment or Environmental Impact Statement. 40 CFR 1508.4. DHS MD 023-01 lists the Categorical Exclusions that the Department has found to have no such effect. MD 023-01 app. A tbl.1. This final rule amends 8 CFR part 293 to change the interest rate for immigration bonds secured by cash from a fixed rate of 3 percent per year to a rate determined by the Secretary of the Treasury, provided that the rate does not exceed 3 percent per year and is not less than 0. DHS has analyzed this rule under MD 023-01. ICE has determined that this action is one of a category of actions which does not individually or cumulatively have a significant effect on the human environment. This rule clearly fits within the two Categorical Exclusions found in MD 023-01, Appendix A, Table 1: A3(a): ``Promulgation of rules . . . of a strictly administrative and procedural nature''; and A3(d): ``Promulgation of rules . . . that interpret or amend an existing regulation without changing its environmental effect.'' This rule is not part of a larger action. This rule presents [[Page 34242]] no extraordinary circumstances creating the potential for significant environmental effects. Therefore, this rule is categorically excluded from further NEPA review. List of Subjects in 8 CFR Part 293 Administrative practice and procedure, Aliens, Bonds, Immigration, Interest rate. Amendments to the Regulations For the reasons discussed in the preamble, DHS amends 8 CFR part 293 as follows: PART 293--DEPOSIT OF AND INTEREST ON CASH RECEIVED TO SECURE IMMIGRATION BONDS 0 1. Revise the authority citation for part 293 to read as follows: Authority: 8 U.S.C. 1363. 0 2. Revise Sec. 293.1 to read as follows: Sec. 293.1 Computation of interest. The Secretary of the Treasury determines the rate at which an immigration bond secured by cash shall bear interest, consistent with 8 CFR 293.2. Interest shall be computed from the deposit date to and including the refund date or breach date of the immigration bond. For purposes of this part, the deposit date shall be the date shown on the receipt for the cash received as security on an immigration bond. The refund date shall be the date upon which the interest is certified to the Treasury Department for payment. The breach date shall be the date the immigration bond was breached as shown on Form I-323--``Notice-- Immigration Bond Breached.'' In counting the number of days for which interest shall be computed, the day on which the cash was deposited shall not be counted; however, the refund date or the breach date shall be counted. 0 3. Revise Sec. 293.2 to read as follows: Sec. 293.2 Interest rate. Interest on cash deposited to secure immigration bonds will be at the rate as determined by the Secretary of the Treasury, but in no case will exceed 3 per centum per annum or be less than zero. The rate will be published by Treasury on the Treasury Web site or through another mechanism. 0 4. Revise Sec. 293.3 to read as follows: Sec. 293.3 Time of payment. Interest shall be paid only at time of disposition of principal cash when the immigration bond has been cancelled or declared breached. Sec. 293.4 [Removed] 0 5. Remove Sec. 293.4. Jeh Charles Johnson, Secretary of Homeland Security. [FR Doc. 2015-14675 Filed 6-15-15; 8:45 am] BILLING CODE 9111-28-P
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Rules and Regulations Federal Register
Vol. 80, No. 115
Tuesday, June 16, 2015
This section of the FEDERAL REGISTER email Don Benoit, Bonds Branch for a set period of time. They remain in
contains regulatory documents having general Supervisor, Burlington Finance Center, effect until they are breached or
applicability and legal effect, most of which P.O. Box 5000, Williston, VT 05495– canceled. On average, a cash bond is in
are keyed to and codified in the Code of 5000. Telephone: (802) 288–7630, email: effect for about 34 months. (Data on file
Federal Regulations, which is published under Donald.R.Benoit@ice.dhs.gov. with ICE Financial Operations—
50 titles pursuant to 44 U.S.C. 1510.
SUPPLEMENTARY INFORMATION: Burlington).
The Code of Federal Regulations is sold by I. Regulatory History and Information B. Payment of Interest on Cash Bond
the Superintendent of Documents. Prices of Deposits
new books are listed in the first FEDERAL On October 28, 2013, DHS published
REGISTER issue of each week. a notice of proposed rulemaking In 1970, Congress added section 293
(NPRM) in the Federal Register, entitled of the Immigration and Nationality Act
Change to Existing Regulation (INA), as amended, to pay interest at a
DEPARTMENT OF HOMELAND Concerning the Interest Rate Paid on rate determined by the Secretary of the
SECURITY Cash Deposited to Secure Immigration Treasury, not to exceed 3 per centum
Bonds. 78 FR 64183. We received two per annum, on cash received as security
8 CFR Part 293 comments on the proposed rule. No for immigration bonds. Public Law 91–
[DHS Docket No. ICEB–2013–0002] public meeting was requested, and none 313 (July 10, 1970) (codified at 8 U.S.C.
was held. 1363). Effective on the date of its
RIN 1653–AA66 publication in the Federal Register, July
II. Abbreviations 23, 1971, the interest rate set by
Change to Existing Regulation Treasury—3 per centum per annum—
CFR Code of Federal Regulations
Concerning the Interest Rate Paid on DHS Department of Homeland Security has been paid on cash bond deposits
Cash Deposited To Secure Immigration FR Federal Register received after April 27, 1966. 36 FR
Bonds ICE U.S. Immigration and Customs 13677 (8 CFR part 293). Thus, since
Enforcement 1971, the Government has paid simple
AGENCY: U.S. Immigration and Customs INA Immigration and Nationality Act of
Enforcement, DHS. interest at the rate of 3 percent per year
1952, as amended
ACTION: Final rule.
on cash deposited by bond obligors to
NPRM Notice of proposed rulemaking
OMB Office of Management and Budget secure immigration bonds. Interest is
SUMMARY: The Department of Homeland § Section symbol earned on a cash bond from the date the
Security is amending its regulations U.S.C. United States Code bond is issued until it is breached or
addressing the payment of interest on canceled. The amount of interest earned
cash bond deposits to explicitly provide III. Basis and Purpose varies depending on the face amount of
that the Department of the Treasury A. Immigration Bonds Secured by Cash the bond and the length of time it
(Treasury) will set the interest rate. remains in effect. For example, a $5,000
U.S. Immigration and Customs
Treasury will notify the public of its cash bond in effect for 3 years would
Enforcement (ICE) may release certain
interest rate determinations by earn $450 in interest with a 3 percent
aliens from detention during removal
publishing the rates on the Treasury per annum interest rate.
proceedings after a custody In the NPRM published on October
Web site or via another mechanism. determination has been made pursuant
Under the existing regulation, the 28, 2013, DHS proposed to modify the
to 8 CFR 236.1(c). As a condition of his/ current 8 CFR 293.2, which states that
current rate of interest paid on deposits her release from custody, an alien may
securing cash bonds is 3 percent per ‘‘effective from date of deposit occurring
be required to post an immigration after April 27, 1966, the interest rate
annum. 8 U.S.C. 1363(a); 8 CFR 293.2. bond. Currently, about 91 percent of the
This final rulemaking is consistent with shall be 3 per centum per annum.’’ DHS
immigration bonds issued each year is proposed to revise this provision to
the requirement of 8 U.S.C. 1363(a) that secured by cash (cash bonds). (Fiscal
interest payments shall be ‘‘at a rate explicitly state that Treasury will set the
Year 2013 Total, Cash Bonds and Surety interest rate directly. Thus, DHS
determined by the Secretary of the Bonds—on file with the Bonds Branch,
Treasury, except that in no case shall proposed to utilize the rate set by
ICE Financial Operations—Burlington). Treasury in issuing interest payments,
the interest rate exceed 3 per centum The other 9 percent of the immigration
per annum.’’ with DHS having no role in setting the
bonds are issued by surety companies rate. 78 FR 64183.
DATES: This rule is effective August 17, (surety bonds) certified by the
2015. Department of the Treasury to post IV. Discussion of Comments and the
ADDRESSES: Comments and related bonds on behalf of the Federal Final Rule
materials received from the public, as government pursuant to 31 U.S.C. 9304– The October 2013 NPRM provided for
well as documents mentioned in this 9308 and 31 CFR part 223. ICE deposits a public comment period of 60 days,
asabaliauskas on DSK5VPTVN1PROD with RULES
preamble as being available in the cash pledged as security on cash bonds which ended on December 27, 2013.
docket, are part of docket ICEB–2013– in a fund maintained by Treasury During that time period, DHS received
0002 and are available online by going known as the Immigration Bond Deposit two public comments. One of the
to http://www.regulations.gov, inserting Account. These funds are held ‘‘in comments recommended the interest
ICEB–2013–0002 in the ‘‘Search’’ box, trust’’ for the obligor and currently earn rate be set at the flat rate of one-half of
and then clicking ‘‘Search.’’ simple interest at the rate of 3 percent one percent. DHS considered the
FOR FURTHER INFORMATION CONTACT: If per annum. 8 U.S.C. 1363(a); 8 CFR part comment and decided not to adopt it.
you have questions on this rule, call or 293. Immigration bonds are not in effect As discussed above, Treasury possesses
VerDate Sep<11>2014 16:14 Jun 15, 2015 Jkt 235001 PO 00000 Frm 00001 Fmt 4700 Sfmt 4700 E:\FR\FM\16JNR1.SGM 16JNR1](https://thefederalregister.org/doc/80_FR_34354/page/1.svg)
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no extraordinary circumstances creating § 293.4 [Removed] Privacy: The FAA will post all
the potential for significant ■ 5. Remove § 293.4. comments it receives, without change,
environmental effects. Therefore, this to http://regulations.gov, including any
rule is categorically excluded from Jeh Charles Johnson, personal information the commenter
further NEPA review. Secretary of Homeland Security. provides. Using the search function of
[FR Doc. 2015–14675 Filed 6–15–15; 8:45 am] the docket Web site, anyone can find
List of Subjects in 8 CFR Part 293 and read the electronic form of all
BILLING CODE 9111–28–P
Administrative practice and comments received into any FAA
procedure, Aliens, Bonds, Immigration, docket, including the name of the
Interest rate. DEPARTMENT OF TRANSPORTATION individual sending the comment (or
signing the comment for an association,
Amendments to the Regulations business, labor union, etc.). DOT’s
Federal Aviation Administration
For the reasons discussed in the complete Privacy Act Statement can be
preamble, DHS amends 8 CFR part 293 14 CFR Part 23 found in the Federal Register published
as follows: on April 11, 2000 (65 FR 19477–19478),
[Docket No. FAA–2015–0722; Special as well as at http://DocketsInfo.dot.gov.
PART 293—DEPOSIT OF AND Conditions No. 23–265–SC] Docket: Background documents or
INTEREST ON CASH RECEIVED TO comments received may be read at
Special Conditions: Honda Aircraft
SECURE IMMIGRATION BONDS http://www.regulations.gov at any time.
Company, Model HA–420; Fire
Follow the online instructions for
1. Revise the authority citation for part Extinguishing for Overwing Pylon
■ accessing the docket or go to the Docket
293 to read as follows: Mounted Engines Operations in Room W12–140 of the
Authority: 8 U.S.C. 1363. AGENCY: Federal Aviation West Building Ground Floor at 1200
Administration (FAA), DOT. New Jersey Avenue SE., Washington,
■ 2. Revise § 293.1 to read as follows: DC, between 9 a.m., and 5 p.m., Monday
ACTION: Final special conditions; request
for comments. through Friday, except Federal holidays.
§ 293.1 Computation of interest. FOR FURTHER INFORMATION CONTACT: Jeff
The Secretary of the Treasury SUMMARY: These special conditions are Pretz, Federal Aviation Administration,
determines the rate at which an issued for the Honda Aircraft Company Aircraft Certification Service, Small
immigration bond secured by cash shall model HA–420 airplane. This airplane Airplane Directorate, ACE–111, 901
bear interest, consistent with 8 CFR will have a novel or unusual design Locust, Kansas City, Missouri 64106;
293.2. Interest shall be computed from feature associated with mounting the 816–329–3239, fax 816–329–4090, email
the deposit date to and including the engines on the wings in close proximity jeff.pretz@faa.gov.
refund date or breach date of the to the aft fuselage. The applicable SUPPLEMENTARY INFORMATION: The FAA
immigration bond. For purposes of this airworthiness regulations do not contain has determined, in accordance with 5
part, the deposit date shall be the date adequate or appropriate safety standards U.S.C. 553(b)(3)(B) and (d)(3), that
shown on the receipt for the cash for this design feature. These special notice and opportunity for prior public
received as security on an immigration conditions contain the additional safety comment hereon are unnecessary
bond. The refund date shall be the date standards that the Administrator because the substance of these special
upon which the interest is certified to considers necessary to establish a level conditions has been subject to the
the Treasury Department for payment. of safety equivalent to that established public comment process in several prior
The breach date shall be the date the by the existing airworthiness standards. instances with no substantive comments
immigration bond was breached as DATES: The effective date of these received. The FAA therefore finds that
shown on Form I–323—‘‘Notice— special conditions is June 16, 2015. good cause exists for making these
Immigration Bond Breached.’’ In We must receive your comments by special conditions effective upon
counting the number of days for which July 16, 2015. issuance.
interest shall be computed, the day on ADDRESSES: Send comments identified
which the cash was deposited shall not by docket number FAA–2015–0722 Special condition Company/Airplane Model
be counted; however, the refund date or No.
using any of the following methods:
the breach date shall be counted. D Federal eRegulations Portal: Go to 23–210–SC ....... Adam Aircraft Model A700.
■ 3. Revise § 293.2 to read as follows: http://www.regulations.gov and follow 23–245–SC ....... Cirrus Design Corporation
the online instructions for sending your Model SF50.
§ 293.2 Interest rate. 23–221–SC ....... Embraer S.A. Model EMB–
comments electronically.
Interest on cash deposited to secure D Mail: Send comments to Docket 500.
immigration bonds will be at the rate as Operations, M–30, U.S. Department of
determined by the Secretary of the Transportation (DOT), 1200 New Jersey Comments Invited
Treasury, but in no case will exceed 3 Avenue SE., Room W12–140, West We invite interested people to take
per centum per annum or be less than Building Ground Floor, Washington, part in this rulemaking by sending
zero. The rate will be published by DC, 20590–0001. written comments, data, or views. The
Treasury on the Treasury Web site or D Hand Delivery of Courier: Take most helpful comments reference a
asabaliauskas on DSK5VPTVN1PROD with RULES
through another mechanism. comments to Docket Operations in specific portion of the special
■ 4. Revise § 293.3 to read as follows: Room W12–140 of the West Building conditions, explain the reason for any
Ground Floor at 1200 New Jersey recommended change, and include
§ 293.3 Time of payment. Avenue SE., Washington, DC, between 9 supporting data. We ask that you send
Interest shall be paid only at time of a.m., and 5 p.m., Monday through us two copies of written comments.
disposition of principal cash when the Friday, except Federal holidays. We will consider all comments we
immigration bond has been cancelled or D Fax: Fax comments to Docket receive on or before the closing date for
declared breached. Operations at 202–493–2251. comments. We will consider comments
VerDate Sep<11>2014 16:14 Jun 15, 2015 Jkt 235001 PO 00000 Frm 00004 Fmt 4700 Sfmt 4700 E:\FR\FM\16JNR1.SGM 16JNR1](https://thefederalregister.org/doc/80_FR_34354/page/4.svg)
Document Created: 2018-02-22 10:23:13
Document Modified: 2018-02-22 10:23:13
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Rules and Regulations | |
| Action | Final rule. | |
| Dates | This rule is effective August 17, 2015. | |
| Contact | If you have questions on this rule, call or email Don Benoit, Bonds Branch Supervisor, Burlington Finance Center, P.O. Box 5000, Williston, VT 05495-5000. Telephone: (802) 288- 7630, email: [email protected] | |
| FR Citation | 80 FR 34239 | |
| RIN Number | 1653-AA66 | |
| CFR Associated | Administrative Practice and Procedure; Aliens; Bonds; Immigration and Interest Rate |
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