80 FR 70669 - Oranges and Grapefruit Grown in Lower Rio Grande Valley in Texas; Decreased Assessment Rate
DEPARTMENT OF AGRICULTURE
Agricultural Marketing Service Federal Register Volume 80, Issue 220 (November 16, 2015)
Agricultural Marketing Service
Federal Register Volume 80, Issue 220 (November 16, 2015)
| Page Range | 70669-70671 | |
| FR Document | 2015-28913 |
[Federal Register Volume 80, Number 220 (Monday, November 16, 2015)] [Rules and Regulations] [Pages 70669-70671] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-28913] ======================================================================== 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. 220 / Monday, November 16, 2015 / Rules and Regulations [[Page 70669]] DEPARTMENT OF AGRICULTURE Agricultural Marketing Service 7 CFR Part 906 [Doc. No. AMS-FV-15-0035; FV15-906-1 IR] Oranges and Grapefruit Grown in Lower Rio Grande Valley in Texas; Decreased Assessment Rate AGENCY: Agricultural Marketing Service, USDA. ACTION: Interim rule with request for comments. ----------------------------------------------------------------------- SUMMARY: This rule implements a recommendation from the Texas Valley Citrus Committee (Committee) for a decrease in the assessment rate established for the 2015-16 and subsequent fiscal periods from $0.11 to $0.08 per 7/10-bushel carton or equivalent of oranges and grapefruit handled under the marketing order (order). The Committee locally administers the order, and is comprised of producers and handlers of oranges and grapefruit operating within the area of production. Assessments upon orange and grapefruit handlers are used by the Committee to fund reasonable and necessary expenses of the program. The fiscal period begins August 1 and ends July 31. The assessment rate will remain in effect indefinitely unless modified, suspended, or terminated. DATES: Effective November 17, 2015. Comments received by January 15, 2016, will be considered prior to issuance of a final rule. ADDRESSES: Interested persons are invited to submit written comments concerning this rule. Comments must be sent to the Docket Clerk, Marketing Order and Agreement Division, Specialty Crops Program, AMS, USDA, 1400 Independence Avenue SW., STOP 0237, Washington, DC 20250- 0237; Fax: (202) 720-8938; or Internet: http://www.regulations.gov. Comments should reference the document number and the date and page number of this issue of the Federal Register and will be available for public inspection in the Office of the Docket Clerk during regular business hours, or can be viewed at: http://www.regulations.gov. All comments submitted in response to this rule will be included in the record and will be made available to the public. Please be advised that the identity of the individuals or entities submitting the comments will be made public on the internet at the address provided above. FOR FURTHER INFORMATION CONTACT: Abigail Campos, Marketing Specialist, or Christian D. Nissen, Regional Director, Southeast Marketing Field Office, Marketing Order and Agreement Division, Specialty Crops Program, AMS, USDA; Telephone: (863) 324-3375, Fax: (863) 291-8614, or Email: [email protected] or [email protected]. Small businesses may request information on complying with this regulation by contacting Jeffrey Smutny, Marketing Order and Agreement Division, Specialty Crops Program, AMS, USDA, 1400 Independence Avenue SW., STOP 0237, Washington, DC 20250-0237; Telephone: (202) 720-2491, Fax: (202) 720-8938, or Email: [email protected]. SUPPLEMENTARY INFORMATION: This rule is issued under Marketing Agreement and Order No. 906, as amended (7 CFR part 906), regulating the handling of oranges and grapefruit grown in the Lower Rio Grande Valley in Texas, hereinafter referred to as the ``order.'' The order is effective under the Agricultural Marketing Agreement Act of 1937, as amended (7 U.S.C. 601-674), hereinafter referred to as the ``Act.'' The Department of Agriculture (USDA) is issuing this rule in conformance with Executive Orders 12866, 13563, and 13175. This rule has been reviewed under Executive Order 12988, Civil Justice Reform. Under the marketing order now in effect, orange and grapefruit handlers are subject to assessments. Funds to administer the order are derived from such assessments. It is intended that the assessment rate as issued herein will be applicable to all assessable oranges and grapefruit beginning August, 1, 2015, and continue until amended, suspended, or terminated. The Act provides that administrative proceedings must be exhausted before parties may file suit in court. Under section 608c(15)(A) of the Act, any handler subject to an order may file with USDA a petition stating that the order, any provision of the order, or any obligation imposed in connection with the order is not in accordance with law and request a modification of the order or to be exempted therefrom. Such handler is afforded the opportunity for a hearing on the petition. After the hearing, USDA would rule on the petition. The Act provides that the district court of the United States in any district in which the handler is an inhabitant, or has his or her principal place of business, has jurisdiction to review USDA's ruling on the petition, provided an action is filed not later than 20 days after the date of the entry of the ruling. This rule decreases the assessment rate established for the Committee for the 2015-16 and subsequent fiscal periods from $0.11 to $0.08 per 7/10-bushel carton or equivalent of oranges and grapefruit handled. The Texas orange and grapefruit marketing order provides authority for the Committee, with the approval of USDA, to formulate an annual budget of expenses and collect assessments from handlers to administer the program. The members of the Committee are producers and handlers of Texas oranges and grapefruit. They are familiar with the Committee's needs and with the costs for goods and services in their local area and are thus in a position to formulate an appropriate budget and assessment rate. The assessment rate is formulated and discussed in a public meeting. Thus, all directly affected persons have an opportunity to participate and provide input. For the 2014-15 and subsequent fiscal periods, the Committee recommended, and USDA approved, an assessment rate that would continue in effect from fiscal period to fiscal period unless modified, suspended, or terminated by USDA upon recommendation and information submitted by the Committee or other information available to USDA. The Committee met on June 24, 2015, and unanimously recommended 2015-16 expenditures of $701,148 and an assessment rate of $0.08 per 7/ 10-bushel carton or equivalent of oranges and [[Page 70670]] grapefruit. In comparison, last year's budgeted expenditures were $809,500. The assessment rate of $0.08 is $0.03 lower than the rate currently in effect. The recommended 2015-16 expenditures include decreases in educational outreach and compliance, which were reduced by approximately $100,000. The Committee considered proposed expenses and recommended decreasing the assessment rate to more closely align assessment income to the lower budget. The major expenditures recommended by the Committee for the 2015-16 year include $600,248 for the Mexican fruit fly control program, $77,200 for management and compliance, and $23,700 for operating expenses. Budgeted expenses for these items in 2014-15 were $503,000, $175,000, and $21,500, respectively. The assessment rate recommended by the Committee was derived by dividing anticipated expenses by expected shipments of Texas oranges and grapefruit. Orange and grapefruit shipments for the 2015-16 year are estimated at 8 million 7/10-bushel cartons or equivalent, which should provide $640,000 in assessment income. Income derived from handler assessments, along with interest income and funds from the Committee's authorized reserve, will be adequate to cover budgeted expenses. Income in the reserve (currently around $230,000) will be kept within the maximum permitted by the order (approximately one fiscal period's expenses as stated in Sec. 906.35). The assessment rate established in this rule will continue in effect indefinitely unless modified, suspended, or terminated by USDA upon recommendation and information submitted by the Committee or other available information. Although this assessment rate is effective for an indefinite period, the Committee will continue to meet prior to or during each fiscal period to recommend a budget of expenses and consider recommendations for modification of the assessment rate. The dates and times of Committee meetings are available from the Committee or USDA. Committee meetings are open to the public and interested persons may express their views at these meetings. USDA will evaluate Committee recommendations and other available information to determine whether modification of the assessment rate is needed. Further rulemaking will be undertaken as necessary. The Committee's 2015-16 budget and those for subsequent fiscal periods will be reviewed and, as appropriate, approved by USDA. Initial Regulatory Flexibility Analysis Pursuant to requirements set forth in the Regulatory Flexibility Act (RFA) (5 U.S.C. 601-612), the Agricultural Marketing Service (AMS) has considered the economic impact of this rule on small entities. Accordingly, AMS has prepared this initial regulatory flexibility analysis. The purpose of the RFA is to fit regulatory actions to the scale of businesses subject to such actions in order that small businesses will not be unduly or disproportionately burdened. Marketing orders issued pursuant to the Act, and the rules issued thereunder, are unique in that they are brought about through group action of essentially small entities acting on their own behalf. There are approximately 170 producers of oranges and grapefruit in the production area and 13 handlers subject to regulation under the marketing order. Small agricultural producers are defined by the Small Business Administration as those having annual receipts less than $750,000, and small agricultural service firms are defined as those whose annual receipts are less than $7,000,000 (13 CFR 121.201). According to Committee data and information from the National Agricultural Statistics Service, the weighted average grower price for Texas citrus during the 2013-14 season was around $13.89 per box and total shipments were near 7.4 million boxes. Using the weighted average price and shipment information, and assuming a normal distribution, the majority of growers would have annual receipts of less than $750,000. In addition, based on available information, the majority of handlers have annual receipts of less than $7,000,000 and could be considered small businesses under SBA's definition. Thus, the majority of Texas citrus producers and handlers may be classified as small entities. This rule decreases the assessment rate established for the Committee and collected from handlers for the 2015-16 and subsequent fiscal periods from $0.11 to $0.08 per 7/10-bushel carton or equivalent of Texas citrus. The Committee unanimously recommended 2015-16 expenditures of $701,148 and an assessment rate of $0.08 per 7/10- bushel carton or equivalent handled. The assessment rate of $0.08 is $0.03 lower than the 2014-2015 rate. The quantity of assessable oranges and grapefruit for the 2015-16 fiscal period is estimated at 8 million 7/10-bushel cartons or equivalent. Thus, the $0.08 rate should provide $640,000 in assessment income. Income derived from handler assessments along with interest income and funds from Committee's authorized reserve, will be adequate to cover budgeted expenses. The major expenditures recommended by the Committee for the 2015-16 year include $600,248 for the Mexican fruit fly control program, $77,200 for management and compliance, and $23,700 for operating expenses. Budgeted expenses for these items in 2014-15 were $503,000, $175,000, and $21,500, respectively. The recommended 2015-16 expenditures include decreases in the amount budgeted for educational outreach and compliance. The Committee considered proposed expenses and recommended decreasing the assessment rate to more closely align assessment income to the lower budget. Prior to arriving at this budget and assessment rate, the Committee considered information from various sources, such as the Committee's Budget and Personnel Committee and the Market Development Committee. Alternative expenditure levels were discussed by these groups, based upon the relative value of various activities to the Texas citrus industry. Based on estimated shipments, the recommended assessment rate of $0.08 should provide $640,000 in assessment income. The Committee determined that the assessment revenue, along with funds from reserves and interest income, would be adequate to cover budgeted expenses for the 2015-16 fiscal period. A review of historical information and preliminary information pertaining to the upcoming fiscal period indicates that the average grower price for the 2015-16 season could be around $13.00 per 7/10- bushel carton or equivalent of oranges and grapefruit. Therefore, the estimated assessment revenue for the 2015-16 fiscal period, as a percentage of total grower revenue would be around 0.6 percent. This action decreases the assessment obligation imposed on handlers. Assessments are applied uniformly on all handlers, and decreasing the assessment rate reduces the burden on handlers. The Committee's meeting was widely publicized throughout the Texas citrus industry and all interested persons were invited to attend the meeting and participate in Committee deliberations on all issues. Like all Committee meetings, the June 24, 2015, meeting was a public meeting. All entities, both large and small, were able to express views on this issue. Interested persons are invited to submit comments on this interim rule, including the regulatory [[Page 70671]] and informational impacts of this action on small businesses. In accordance with the Paperwork Reduction Act of 1995 (44 U.S.C. Chapter 35), the order's information collection requirements have been previously approved by the Office of Management and Budget (OMB) and assigned OMB No. 0581-0189 Generic Fruit Crops. No changes in those requirements are necessary as a result of this action. Should any changes become necessary, they would be submitted to OMB for approval. This action imposes no additional reporting or recordkeeping requirements on either small or large Texas orange and grapefruit handlers. As with all Federal marketing order programs, reports and forms are periodically reviewed to reduce information requirements and duplication by industry and public sector agencies. AMS is committed to complying with the E-Government Act, to promote the use of the internet and other information technologies to provide increased opportunities for citizen access to Government information and services, and for other purposes. USDA has not identified any relevant Federal rules that duplicate, overlap, or conflict with this rule. A small business guide on complying with fruit, vegetable, and specialty crop marketing agreements and orders may be viewed at: http://www.ams.usda.gov/MarketingOrdersSmallBusinessGuide. Any questions about the compliance guide should be sent to Jeffrey Smutny at the previously mentioned address in the FOR FURTHER INFORMATION CONTACT section. After consideration of all relevant material presented, including the information and recommendation submitted by the Committee and other available information, it is hereby found that this rule, as hereinafter set forth, will tend to effectuate the declared policy of the Act. Pursuant to 5 U.S.C. 553, it is also found and determined upon good cause that it is impracticable, unnecessary, and contrary to the public interest to give preliminary notice prior to putting this rule into effect, and that good cause exists for not postponing the effective date of this rule until 30 days after publication in the Federal Register because: (1) The 2015-16 fiscal period began on August, 1, 2015, and the marketing order requires that the rate of assessment for each fiscal period apply to all assessable oranges and grapefruit handled during such fiscal period; (2) this action decreases the assessment rate for assessable oranges and grapefruit grown in Texas beginning with the 2015-16 fiscal period; (3) handlers are aware of this action which was recommended by the Committee at a public meeting and is similar to other assessment rate actions issued in past years; and (4) this interim rule provides a 60-day comment period, and all comments timely received will be considered prior to finalization of this rule. List of Subjects in 7 CFR Part 906 Grapefruit, Marketing agreements, Oranges, Reporting and recordkeeping requirements. For the reasons set forth in the preamble, 7 CFR part 906 is amended as follows: PART 906--ORANGES AND GRAPEFRUIT GROWN IN LOWER RIO GRANDE VALLEY IN TEXAS 0 1. The authority citation for 7 CFR part 906 continues to read as follows: Authority: 7 U.S.C. 601-674. 0 2. Section 906.235 is revised to read as follows: Sec. 906.235 Assessment rate. On and after August, 1, 2015, an assessment rate of $0.08 per 7/10- bushel carton or equivalent is established for oranges and grapefruit grown in the Lower Rio Grande Valley in Texas. Dated: November 9, 2015. Rex A. Barnes, Associate Administrator, Agricultural Marketing Service. [FR Doc. 2015-28913 Filed 11-13-15; 8:45 am] BILLING CODE P
![70669
Rules and Regulations Federal Register
Vol. 80, No. 220
Monday, November 16, 2015
This section of the FEDERAL REGISTER www.regulations.gov. Comments should The Act provides that administrative
contains regulatory documents having general reference the document number and the proceedings must be exhausted before
applicability and legal effect, most of which date and page number of this issue of parties may file suit in court. Under
are keyed to and codified in the Code of the Federal Register and will be section 608c(15)(A) of the Act, any
Federal Regulations, which is published under available for public inspection in the handler subject to an order may file
50 titles pursuant to 44 U.S.C. 1510.
Office of the Docket Clerk during regular with USDA a petition stating that the
The Code of Federal Regulations is sold by business hours, or can be viewed at: order, any provision of the order, or any
the Superintendent of Documents. Prices of http://www.regulations.gov. All obligation imposed in connection with
new books are listed in the first FEDERAL comments submitted in response to this the order is not in accordance with law
REGISTER issue of each week. rule will be included in the record and and request a modification of the order
will be made available to the public. or to be exempted therefrom. Such
Please be advised that the identity of the handler is afforded the opportunity for
DEPARTMENT OF AGRICULTURE individuals or entities submitting the a hearing on the petition. After the
comments will be made public on the hearing, USDA would rule on the
Agricultural Marketing Service internet at the address provided above. petition. The Act provides that the
FOR FURTHER INFORMATION CONTACT: district court of the United States in any
7 CFR Part 906 district in which the handler is an
Abigail Campos, Marketing Specialist,
[Doc. No. AMS–FV–15–0035; FV15–906–1 or Christian D. Nissen, Regional inhabitant, or has his or her principal
IR] Director, Southeast Marketing Field place of business, has jurisdiction to
Office, Marketing Order and Agreement review USDA’s ruling on the petition,
Oranges and Grapefruit Grown in provided an action is filed not later than
Division, Specialty Crops Program,
Lower Rio Grande Valley in Texas; 20 days after the date of the entry of the
AMS, USDA; Telephone: (863) 324–
Decreased Assessment Rate ruling.
3375, Fax: (863) 291–8614, or Email:
AGENCY: Agricultural Marketing Service, Abigail.Campos@ams.usda.gov or This rule decreases the assessment
USDA. Christian.Nissen@ams.usda.gov. rate established for the Committee for
ACTION: Interim rule with request for Small businesses may request the 2015–16 and subsequent fiscal
comments. information on complying with this periods from $0.11 to $0.08 per 7/10-
regulation by contacting Jeffrey Smutny, bushel carton or equivalent of oranges
SUMMARY: This rule implements a Marketing Order and Agreement and grapefruit handled.
recommendation from the Texas Valley Division, Specialty Crops Program, The Texas orange and grapefruit
Citrus Committee (Committee) for a AMS, USDA, 1400 Independence marketing order provides authority for
decrease in the assessment rate Avenue SW., STOP 0237, Washington, the Committee, with the approval of
established for the 2015–16 and DC 20250–0237; Telephone: (202) 720– USDA, to formulate an annual budget of
subsequent fiscal periods from $0.11 to 2491, Fax: (202) 720–8938, or Email: expenses and collect assessments from
$0.08 per 7/10-bushel carton or Jeffrey.Smutny@ams.usda.gov. handlers to administer the program. The
equivalent of oranges and grapefruit SUPPLEMENTARY INFORMATION: This rule members of the Committee are
handled under the marketing order is issued under Marketing Agreement producers and handlers of Texas
(order). The Committee locally and Order No. 906, as amended (7 CFR oranges and grapefruit. They are
administers the order, and is comprised part 906), regulating the handling of familiar with the Committee’s needs and
of producers and handlers of oranges oranges and grapefruit grown in the with the costs for goods and services in
and grapefruit operating within the area Lower Rio Grande Valley in Texas, their local area and are thus in a
of production. Assessments upon orange hereinafter referred to as the ‘‘order.’’ position to formulate an appropriate
and grapefruit handlers are used by the The order is effective under the budget and assessment rate. The
Committee to fund reasonable and Agricultural Marketing Agreement Act assessment rate is formulated and
necessary expenses of the program. The of 1937, as amended (7 U.S.C. 601–674), discussed in a public meeting. Thus, all
fiscal period begins August 1 and ends hereinafter referred to as the ‘‘Act.’’ directly affected persons have an
July 31. The assessment rate will remain The Department of Agriculture opportunity to participate and provide
in effect indefinitely unless modified, (USDA) is issuing this rule in input.
suspended, or terminated. conformance with Executive Orders For the 2014–15 and subsequent fiscal
DATES: Effective November 17, 2015. 12866, 13563, and 13175. periods, the Committee recommended,
Comments received by January 15, 2016, This rule has been reviewed under and USDA approved, an assessment rate
will be considered prior to issuance of Executive Order 12988, Civil Justice that would continue in effect from fiscal
a final rule. Reform. Under the marketing order now period to fiscal period unless modified,
ADDRESSES: Interested persons are in effect, orange and grapefruit handlers suspended, or terminated by USDA
asabaliauskas on DSK5VPTVN1PROD with RULES
invited to submit written comments are subject to assessments. Funds to upon recommendation and information
concerning this rule. Comments must be administer the order are derived from submitted by the Committee or other
sent to the Docket Clerk, Marketing such assessments. It is intended that the information available to USDA.
Order and Agreement Division, assessment rate as issued herein will be The Committee met on June 24, 2015,
Specialty Crops Program, AMS, USDA, applicable to all assessable oranges and and unanimously recommended 2015–
1400 Independence Avenue SW., STOP grapefruit beginning August, 1, 2015, 16 expenditures of $701,148 and an
0237, Washington, DC 20250–0237; Fax: and continue until amended, assessment rate of $0.08 per 7/10-bushel
(202) 720–8938; or Internet: http:// suspended, or terminated. carton or equivalent of oranges and
VerDate Sep<11>2014 16:20 Nov 13, 2015 Jkt 238001 PO 00000 Frm 00001 Fmt 4700 Sfmt 4700 E:\FR\FM\16NOR1.SGM 16NOR1](https://thefederalregister.org/doc/80_FR_70889/page/1.svg)
![Federal Register / Vol. 80, No. 220 / Monday, November 16, 2015 / Rules and Regulations 70671
and informational impacts of this action 2015–16 fiscal period; (3) handlers are Capital Plan and Stress Test Rules. This
on small businesses. aware of this action which was publication removes certain expired
In accordance with the Paperwork recommended by the Committee at a transitional requirements in Regulations
Reduction Act of 1995 (44 U.S.C. public meeting and is similar to other H and Y, resolves certain citation errors,
Chapter 35), the order’s information assessment rate actions issued in past replaces a wrongly duplicated
collection requirements have been years; and (4) this interim rule provides paragraph in Regulation Q, and corrects
previously approved by the Office of a 60-day comment period, and all a typographical error in Regulation YY.
Management and Budget (OMB) and comments timely received will be
assigned OMB No. 0581–0189 Generic DATES: The corrections are effective
considered prior to finalization of this November 16, 2015, except that
Fruit Crops. No changes in those rule.
requirements are necessary as a result of instructions 10.b and 10.f amending 12
this action. Should any changes become List of Subjects in 7 CFR Part 906 CFR 208.43 are effective January 1,
necessary, they would be submitted to 2018.
Grapefruit, Marketing agreements,
OMB for approval. Oranges, Reporting and recordkeeping FOR FURTHER INFORMATION CONTACT:
This action imposes no additional requirements. Benjamin McDonough, Special Counsel,
reporting or recordkeeping requirements (202) 452–2036, Julie Anthony, Counsel,
For the reasons set forth in the
on either small or large Texas orange (202) 475–6682, or Mark Buresh, Senior
preamble, 7 CFR part 906 is amended as
and grapefruit handlers. As with all Attorney, (202) 452–5270, Legal
follows:
Federal marketing order programs, Division, Board of Governors of the
reports and forms are periodically PART 906—ORANGES AND Federal Reserve System, 20th Street and
reviewed to reduce information GRAPEFRUIT GROWN IN LOWER RIO Constitution Avenue NW., Washington,
requirements and duplication by GRANDE VALLEY IN TEXAS DC 20551. Telecommunications Device
industry and public sector agencies. for the Deaf (TDD) users may contact
AMS is committed to complying with ■ 1. The authority citation for 7 CFR (202) 263–4869.
the E-Government Act, to promote the part 906 continues to read as follows:
use of the internet and other SUPPLEMENTARY INFORMATION: The Board
Authority: 7 U.S.C. 601–674. is correcting errors in and deleting
information technologies to provide
increased opportunities for citizen ■ 2. Section 906.235 is revised to read certain expired transitional
access to Government information and as follows: requirements from the final rule that
services, and for other purposes. was published in the Federal Register
USDA has not identified any relevant § 906.235 Assessment rate. on October 11, 2013 (78 FR 62018).
Federal rules that duplicate, overlap, or On and after August, 1, 2015, an These revisions will remove text or
conflict with this rule. assessment rate of $0.08 per 7/10-bushel footnotes in 12 CFR parts 208 and 225
A small business guide on complying carton or equivalent is established for describing certain transitional
with fruit, vegetable, and specialty crop oranges and grapefruit grown in the requirements that have expired, correct
marketing agreements and orders may Lower Rio Grande Valley in Texas. citations in 12 CFR 217.2 and 12 CFR
be viewed at: http://www.ams.usda.gov/ Dated: November 9, 2015. 217.202(b)(10), and remove and replace
MarketingOrdersSmallBusinessGuide. Rex A. Barnes, a wrongly duplicated paragraph in 12
Any questions about the compliance Associate Administrator, Agricultural
CFR 217.300(c)(3). The Board is also
guide should be sent to Jeffrey Smutny Marketing Service. correcting a typographical error in the
at the previously mentioned address in [FR Doc. 2015–28913 Filed 11–13–15; 8:45 am]
final rule that was published in the
the FOR FURTHER INFORMATION CONTACT Federal Register on October 27, 2014
BILLING CODE P
section. (79 FR 64025), which caused the
After consideration of all relevant unintended deletion of § 252.153(e)(2)–
material presented, including the (5).
information and recommendation FEDERAL RESERVE SYSTEM
submitted by the Committee and other List of Subjects
available information, it is hereby found 12 CFR Parts 208, 217, 225, and 252
12 CFR Part 208
that this rule, as hereinafter set forth, [Regulations H, Q, Y, and YY; Docket Nos.
will tend to effectuate the declared R–1442 and R–1492] Accounting, Agriculture, Banks,
policy of the Act. Banking, Confidential business
Pursuant to 5 U.S.C. 553, it is also RIN 7100 AE–87 information, Consumer protection,
found and determined upon good cause Crime, Currency, Global systemically
Regulatory Capital Rules; Enhanced important bank, Insurance, Investments,
that it is impracticable, unnecessary,
Prudential Standards for Bank Holding Mortgages, Reporting and recordkeeping
and contrary to the public interest to
Companies and Foreign Banking requirements, Securities.
give preliminary notice prior to putting
Organizations; Correction
this rule into effect, and that good cause 12 CFR Part 217
exists for not postponing the effective AGENCY: Board of Governors of the
date of this rule until 30 days after Federal Reserve System. Administrative practice and
publication in the Federal Register ACTION: Final rule; correcting procedure, Banks, Banking, Holding
because: (1) The 2015–16 fiscal period amendment. companies, Reporting and
asabaliauskas on DSK5VPTVN1PROD with RULES
began on August, 1, 2015, and the recordkeeping requirements, Securities.
marketing order requires that the rate of SUMMARY: The Board of Governors of the 12 CFR Part 225
assessment for each fiscal period apply Federal Reserve System (Board)
to all assessable oranges and grapefruit published a final rule in the Federal Administrative practice and
handled during such fiscal period; (2) Register on October 11, 2013 (78 FR procedure, Banks, banking, Federal
this action decreases the assessment rate 62018) regarding Regulatory Capital Reserve System, Holding companies,
for assessable oranges and grapefruit Rules and another final rule on October Reporting and recordkeeping
grown in Texas beginning with the 27, 2014 (79 FR 64025) regarding requirements, Securities.
VerDate Sep<11>2014 16:20 Nov 13, 2015 Jkt 238001 PO 00000 Frm 00003 Fmt 4700 Sfmt 4700 E:\FR\FM\16NOR1.SGM 16NOR1](https://thefederalregister.org/doc/80_FR_70889/page/3.svg)
Document Created: 2015-12-14 14:12:55
Document Modified: 2015-12-14 14:12:55
| 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 | Interim rule with request for comments. | |
| Dates | Effective November 17, 2015. Comments received by January 15, 2016, will be considered prior to issuance of a final rule. | |
| Contact | Abigail Campos, Marketing Specialist, or Christian D. Nissen, Regional Director, Southeast Marketing Field Office, Marketing Order and Agreement Division, Specialty Crops Program, AMS, USDA; Telephone: (863) 324-3375, Fax: (863) 291-8614, or Email: [email protected] or [email protected] | |
| FR Citation | 80 FR 70669 | |
| CFR Associated | Grapefruit; Marketing Agreements; Oranges and Reporting and Recordkeeping Requirements |
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