80 FR 48251 - Drawbridge Operation Regulation; Trent River, New Bern, NC
DEPARTMENT OF HOMELAND SECURITY
Coast Guard Federal Register Volume 80, Issue 155 (August 12, 2015)
Coast Guard
Federal Register Volume 80, Issue 155 (August 12, 2015)
| Page Range | 48251-48251 | |
| FR Document | 2015-19770 |
[Federal Register Volume 80, Number 155 (Wednesday, August 12, 2015)] [Rules and Regulations] [Page 48251] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-19770] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF HOMELAND SECURITY Coast Guard 33 CFR Part 117 [Docket No. USCG-2015-0740] Drawbridge Operation Regulation; Trent River, New Bern, NC AGENCY: Coast Guard, DHS. ACTION: Notice of deviation from drawbridge regulation. ----------------------------------------------------------------------- SUMMARY: The Coast Guard has issued a temporary deviation from the operating schedule that governs the US 70/Alfred C. Cunningham Bridge across the Trent River, mile 0.0, at New Bern, NC. The deviation is necessary to allow the participants of the annual Neuse River Historic New Bern Bike Ride (a two day event) to safely complete their ride without interruptions from bridge openings. This deviation allows the bridge draw span to remain in the closed-to-navigation position for one and a half hours each day to accommodate the race. DATES: This deviation is effective from 8 a.m. September 12, 2015 to 9:30 a.m. on September 13, 2015. ADDRESSES: The docket for this deviation, [USCG-2015-0740] is available at http://www.regulations.gov. Type the docket number in the ``SEARCH'' box and click ``SEARCH.'' Click on Open Docket Folder on the line associated with this deviation. You may also visit the Docket Management Facility in Room W12-140 on the ground floor of the Department of Transportation West Building, 1200 New Jersey Avenue SE., Washington, DC 20590, between 9 a.m. and 5 p.m., Monday through Friday, except Federal holidays. FOR FURTHER INFORMATION CONTACT: If you have questions on this temporary deviation, call or email Mr. Jim Rousseau, Coast Guard; telephone (757) 398-6557, email [email protected]. If you have questions on viewing the docket, call Cheryl Collins, Program Manager, Docket Operations, telephone 202-366-9826. SUPPLEMENTARY INFORMATION: The event coordinator for the annual Neuse River Historic New Bern Bike Ride, with approval from the North Carolina Department of Transportation, owner of the drawbridge, has requested a temporary deviation from the operating schedule to accommodate the Neuse River Bridge Historic New Bern Bike Ride. The US 70/Alfred C. Cunningham Bridge operating regulations are set out in 33 CFR 117.843(a). The US 70/Alfred C. Cunningham Bridge across the Trent River, mile 0.0, a double bascule lift Bridge, in New Bern, NC, has a vertical clearance in the closed position of 14 feet above mean high water. Under this temporary deviation, the drawbridge will be allowed to remain in the closed-to-navigation position from 8 a.m. to 9:30 a.m. each day on Saturday and Sunday, September 12 and 13, 2015 while cyclists are participating in the annual Neuse River Bridge Historic New Bern Bike Ride. Under the regular operating schedule the bridge opens on signal several times a day for recreational vessels transiting to and from the local marinas upstream. During the timeframe for the race the morning hours have shown the fewest recorded vessel transits. Vessels able to pass through the bridge in the closed position may do so at any time and are advised to proceed with caution. The bridge will be able to open for emergencies and there is no alternate route for vessels to pass. The Coast Guard will also inform the users of the waterways through our Local and Broadcast Notices to Mariners of the change in operating schedule for the bridge so that vessels can arrange their transits to minimize any impact caused by the temporary deviation. In accordance with 33 CFR 117.35(e), the drawbridge must return to its regular operating schedule immediately at the end of the effective period of this temporary deviation. This deviation from the operating regulations is authorized under 33 CFR 117.35. Dated: August 6, 2015. Hal R. Pitts, Bridge Program Manager, Fifth Coast Guard District. [FR Doc. 2015-19770 Filed 8-11-15; 8:45 am] BILLING CODE 9110-04-P
![Federal Register / Vol. 80, No. 155 / Wednesday, August 12, 2015 / Rules and Regulations 48251
provides that Grantor’s gain on the sale of amount determined by applying the same FOR FURTHER INFORMATION CONTACT: If
that interest is the excess of the amount factors to the sum of CRAT’s $0 of you have questions on this temporary
realized, $100x, over Grantor’s adjusted basis undistributed net ordinary income and its deviation, call or email Mr. Jim
in the interest. $90x of undistributed net capital gains. Rousseau, Coast Guard; telephone (757)
(d) Grantor’s adjusted basis in the unitrust (e) In determining Charity’s share of the
interest in CRUT is that portion of CRUT’s adjusted uniform basis, Charity applies the
398–6557, email james.l.rousseau2@
adjusted uniform basis that is assignable to factors set forth in the tables contained in uscg.mil. If you have questions on
Grantor’s interest under § 1.1014–5, which is § 20.2031–7 of this chapter to determine its viewing the docket, call Cheryl Collins,
Grantor’s actuarial share of the adjusted actuarial share of the full $140x of basis. Program Manager, Docket Operations,
uniform basis. In this case, CRUT’s adjusted telephone 202–366–9826.
uniform basis in its sole asset, the Z stock, John Dalrymple,
SUPPLEMENTARY INFORMATION: The event
is $110x. However, paragraph (c) of this Deputy Commissioner for Services and coordinator for the annual Neuse River
section applies to the transaction. Therefore, Enforcement.
Grantor’s actuarial share of CRUT’s adjusted Historic New Bern Bike Ride, with
Approved: July 13, 2015. approval from the North Carolina
uniform basis (determined by applying the
Mark J. Mazur, Department of Transportation, owner of
factors set forth in the tables contained in
§ 20.2031–7 of this chapter) is reduced by an Assistant Secretary of the Treasury (Tax the drawbridge, has requested a
amount determined by applying the same Policy). temporary deviation from the operating
factors to the sum of CRUT’s $0 of [FR Doc. 2015–19846 Filed 8–11–15; 8:45 am] schedule to accommodate the Neuse
undistributed net ordinary income and its BILLING CODE 4830–01–P River Bridge Historic New Bern Bike
$100x of undistributed net capital gains. Ride.
(e) In determining Charity’s share of the
The US 70/Alfred C. Cunningham
adjusted uniform basis, Charity applies the
factors set forth in the tables contained in DEPARTMENT OF HOMELAND Bridge operating regulations are set out
§ 20.2031–7 of this chapter to the full $110x SECURITY in 33 CFR 117.843(a). The US 70/Alfred
of basis. C. Cunningham Bridge across the Trent
Example 8. (a) Grantor creates a charitable Coast Guard River, mile 0.0, a double bascule lift
remainder annuity trust (CRAT) on Date 1 in Bridge, in New Bern, NC, has a vertical
which Grantor retains an annuity interest and 33 CFR Part 117 clearance in the closed position of 14
irrevocably transfers the remainder interest to feet above mean high water.
Charity. Grantor is an individual taxpayer [Docket No. USCG–2015–0740]
Under this temporary deviation, the
subject to income tax. CRAT meets the drawbridge will be allowed to remain in
requirements of section 664 and is exempt Drawbridge Operation Regulation;
Trent River, New Bern, NC the closed-to-navigation position from 8
from income tax.
(b) Grantor funds CRAT with shares of X a.m. to 9:30 a.m. each day on Saturday
stock having a basis of $50x. On Date 2, AGENCY: Coast Guard, DHS. and Sunday, September 12 and 13, 2015
CRAT sells the X stock for $150x. The $100x ACTION:Notice of deviation from while cyclists are participating in the
of gain is exempt from income tax under drawbridge regulation. annual Neuse River Bridge Historic New
section 664(c)(1). On Date 3, CRAT Bern Bike Ride.
distributes $10x to Grantor, and uses the SUMMARY: The Coast Guard has issued a Under the regular operating schedule
remaining $140x of net proceeds from its sale temporary deviation from the operating the bridge opens on signal several times
of the X stock to purchase Y stock. Grantor schedule that governs the US 70/Alfred a day for recreational vessels transiting
treats the $10x distribution as capital gain, so C. Cunningham Bridge across the Trent to and from the local marinas upstream.
that CRAT’s remaining undistributed net
River, mile 0.0, at New Bern, NC. The During the timeframe for the race the
capital gains amount described in section
664(b)(2) and § 1.664–1(d) is $90x. deviation is necessary to allow the morning hours have shown the fewest
(c) On Date 4, when the fair market value participants of the annual Neuse River recorded vessel transits.
of CRAT’s assets, which consist entirely of Historic New Bern Bike Ride (a two day Vessels able to pass through the
the Y stock, is still $140x, Grantor and event) to safely complete their ride bridge in the closed position may do so
Charity sell all of their interests in CRAT to without interruptions from bridge at any time and are advised to proceed
a third person. Grantor receives $126x for the openings. This deviation allows the with caution. The bridge will be able to
retained annuity interest, and Charity bridge draw span to remain in the open for emergencies and there is no
receives $14x for its remainder interest. closed-to-navigation position for one alternate route for vessels to pass. The
Because the entire interest in CRAT is Coast Guard will also inform the users
and a half hours each day to
transferred to the third person, section
1001(e)(3) prevents section 1001(e)(1) from accommodate the race. of the waterways through our Local and
applying to the transaction. Therefore, DATES: This deviation is effective from Broadcast Notices to Mariners of the
Grantor’s gain on the sale of the retained 8 a.m. September 12, 2015 to 9:30 a.m. change in operating schedule for the
annuity interest in CRAT is determined on September 13, 2015. bridge so that vessels can arrange their
under section 1001(a), which provides that
ADDRESSES: The docket for this
transits to minimize any impact caused
Grantor’s gain on the sale of that interest is
deviation, [USCG–2015–0740] is by the temporary deviation.
the excess of the amount realized, $126x, In accordance with 33 CFR 117.35(e),
over Grantor’s adjusted basis in that interest. available at http://www.regulations.gov.
the drawbridge must return to its regular
(d) Grantor’s adjusted basis in the annuity Type the docket number in the
operating schedule immediately at the
interest in CRAT is that portion of CRAT’s ‘‘SEARCH’’ box and click ‘‘SEARCH.’’
end of the effective period of this
adjusted uniform basis that is assignable to Click on Open Docket Folder on the line
Grantor’s interest under § 1.1014–5, which is
temporary deviation. This deviation
associated with this deviation. You may
Grantor’s actuarial share of the adjusted from the operating regulations is
also visit the Docket Management
authorized under 33 CFR 117.35.
mstockstill on DSK4VPTVN1PROD with RULES
uniform basis. In this case, CRAT’s adjusted Facility in Room W12–140 on the
uniform basis in its sole asset, the Y stock, Dated: August 6, 2015.
ground floor of the Department of
is $140x. However, paragraph (c) of this Hal R. Pitts,
section applies to the transaction. Therefore, Transportation West Building, 1200
Grantor’s actuarial share of CRAT’s adjusted New Jersey Avenue SE., Washington, Bridge Program Manager, Fifth Coast Guard
uniform basis (determined by applying the DC 20590, between 9 a.m. and 5 p.m., District.
factors set forth in the tables contained in Monday through Friday, except Federal [FR Doc. 2015–19770 Filed 8–11–15; 8:45 am]
§ 20.2031–7 of this chapter) is reduced by an holidays. BILLING CODE 9110–04–P
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Document Created: 2016-09-27 22:27:28
Document Modified: 2016-09-27 22:27:28
| 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 | Notice of deviation from drawbridge regulation. | |
| Dates | This deviation is effective from 8 a.m. September 12, 2015 to 9:30 a.m. on September 13, 2015. | |
| Contact | If you have questions on this temporary deviation, call or email Mr. Jim Rousseau, Coast Guard; telephone (757) 398-6557, email [email protected] If you have questions on viewing the docket, call Cheryl Collins, Program Manager, Docket Operations, telephone 202-366-9826. | |
| FR Citation | 80 FR 48251 |
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