83 FR 1272 - Change in Discount Rate for Water Resources Planning

DEPARTMENT OF THE INTERIOR
Bureau of Reclamation

Federal Register Volume 83, Issue 7 (January 10, 2018)

Page Range		1272-1273
FR Document		2018-00251

The Bureau of Reclamation is announcing the interest rate to be used by Federal agencies in the formulation and evaluation of plans for water and related land resources is 2.750 percent for fiscal year 2018.

Federal Register, Volume 83 Issue 7 (Wednesday, January 10, 2018)

[Federal Register Volume 83, Number 7 (Wednesday, January 10, 2018)]
[Notices]
[Pages 1272-1273]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-00251]


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DEPARTMENT OF THE INTERIOR

Bureau of Reclamation

[RR83550000, 189R5065C6, RX.59389832.1009676.]


Change in Discount Rate for Water Resources Planning

AGENCY: Bureau of Reclamation, Interior.

ACTION: Notice of change in discount rate.

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SUMMARY: The Bureau of Reclamation is announcing the interest rate to 
be used by Federal agencies in the formulation and evaluation of plans 
for water and related land resources is 2.750 percent for fiscal year 
2018.

DATES: This discount rate is to be used for the period October 1, 2017, 
through and including September 30, 2018.

FOR FURTHER INFORMATION CONTACT: Mr. DeShawn Woods, Bureau of 
Reclamation, Reclamation Law Administration Division, P.O. Box 25007, 
Denver, Colorado 80225; telephone 303-445-2900.

SUPPLEMENTARY INFORMATION: The Water Resources Planning Act of 1965 and 
the Water Resources Development Act of 1974 require an annual 
determination of a discount rate for Federal water resources planning. 
The discount rate for Federal water resources planning for fiscal year 
2018 is 2.750 percent. Discounting is to be used to convert future 
monetary values to present values.
    This rate has been computed in accordance with Section 80(a), 
Public Law 93-251 (88 Stat. 34), and 18 CFR 704.39, which: (1) Specify 
that the rate will be based upon the average yield during the preceding 
fiscal year on

[[Page 1273]]

interest-bearing marketable securities of the United States which, at 
the time the computation is made, have terms of 15 years or more 
remaining to maturity (average yield is rounded to nearest one-eighth 
percent); and (2) provide that the rate will not be raised or lowered 
more than one-quarter of 1 percent for any year. The U.S. Department of 
the Treasury calculated the specified average to be 2.7118 percent. 
This rate, rounded to the nearest one-eighth percent, is 2.750 percent, 
which is a change of less than the allowable one-quarter of 1 percent. 
Therefore, the fiscal year 2018 rate is 2.750 percent.
    The rate of 2.750 percent will be used by all Federal agencies in 
the formulation and evaluation of water and related land resources 
plans for the purpose of discounting future benefits and computing 
costs or otherwise converting benefits and costs to a common-time 
basis.

    Dated: October 23, 2017.
Ruth Welch,
Director, Policy and Administration.
[FR Doc. 2018-00251 Filed 1-9-18; 8:45 am]
 BILLING CODE 4332-90-P

1272 Federal Register / Vol. 83, No. 7 / Wednesday, January 10, 2018 / Notices

Upper Colorado Region: Bureau of expired. The new contract will be for up contract with the District for repayment
Reclamation, 125 South State Street, to 2,000 acre-feet of water for irrigation of SOD costs at Bull Lake Dam. Contract
Room 8100, Salt Lake City, Utah 84138– and M&I uses. Up to 200 acre-feet will executed June 20, 2017.
1102, telephone 801–524–3864. be available for M&I uses. Contract 29. Oxbow Ranch; Canyon Ferry Unit,
New contract actions: executed April 12, 2017. P–SMBP; Montana: Proposal to
45. Strawberry High Line Canal 41. Weber Basin Water Conservancy negotiate, execute, and administer a
Company, Strawberry Valley Project; District, Weber Basin Project, Utah: The long-term water service contract for
Utah: The Strawberry High Line Canal District requires an amendment to its multiple purposes with water from
Company has requested to allow for the block notices for construction costs not Canyon Ferry Reservoir. Contract
carriage of non-project water held by currently under repayment. Contract executed April 18, 2017.
McMullin Orchards in the High Line executed July 31, 2017. 31. Ainsworth ID; Ainsworth Unit, P–
Canal. Completed contract action from 2016: SMBP; Montana: Consideration of a
46. Mancos Water Conservancy (37) Grand Valley Water Users contract with the District for repayment
District, Mancos Project, Colorado: Association and Orchard Mesa ID, of SOD costs at Merritt Dam. Contract
Proposed amendment to Jackson Gulch Grand Valley Project, Colorado: A executed July 25, 2017.
Rehabilitation Project repayment contract for repayment of extraordinary Dated: October 18, 2017.
contract to provide continued funding maintenance of the Grand Valley Power
Karl Stock,
within repayment terms that are Plant funded pursuant to Subtitle G of
consistent with terms of Section 9105 of Acting Director, Policy and Administration.
Pub. L. 111–11. Contract executed
Pub. L. 111–11. September 13, 2016. [FR Doc. 2018–00250 Filed 1–9–18; 8:45 am]
Discontinued contract actions: Great Plains Region: Bureau of BILLING CODE 4332–90–P
12. Salem Canal and Irrigation Reclamation, P.O. Box 36900, Federal
Company, Strawberry Valley Project, Building, 2021 4th Avenue North,
Utah: The United States intends to enter Billings, Montana 59101, telephone DEPARTMENT OF THE INTERIOR
into an amendatory contract regarding 406–247–7752.
possible lost generation of power Bureau of Reclamation
New contract actions:
revenues generated at the Spanish Fork 34. Bureau of Land Management, [RR83550000, 189R5065C6,
Power Plant on the Strawberry Valley Fryingpan-Arkansas Project, Colorado: RX.59389832.1009676.]
Project. Consideration of excess capacity
15. Uintah Water Conservancy contracting to store water in the Change in Discount Rate for Water
District; Flaming Gorge Unit, CRSP; Fryingpan-Arkansas Project. Resources Planning
Utah: The District has requested a long- 35. Southeastern Colorado Water AGENCY: Bureau of Reclamation,
term water service contract to remove Conservancy District, Fryingpan- Interior.
up to 5,500 acre-feet of water annually Arkansas Project, Colorado:
ACTION: Notice of change in discount
from the Green River for irrigation Consideration of amending Contract no.
rate.
purposes under the authority of Section 5–07–70–W0086 to create a reserve fund
9(e) of the Reclamation Project Act of and convert or renew Contract no. 5– SUMMARY: The Bureau of Reclamation is
1939. A short-term contract may be 07–70–W0086. announcing the interest rate to be used
executed until a long-term contract can 36. Fresno Dam, Milk River Project, by Federal agencies in the formulation
be completed. Montana: Consideration of contract(s) and evaluation of plans for water and
42. Weber Basin Water Conservancy for repayment of SOD costs. related land resources is 2.750 percent
District, Weber Basin Project, Utah: The Discontinued contract action: for fiscal year 2018.
District requires a Contributed Funds 28. Avalanche ID; Canyon Ferry Unit,
DATES: This discount rate is to be used
Act agreement for reimbursable costs P–SMBP; Montana: Proposal to
for the period October 1, 2017, through
not currently under contract. negotiate, execute, and administer a
and including September 30, 2018.
Discontinued contract action from long-term water service contract to
2016: irrigate up to 11,000 acres of land with FOR FURTHER INFORMATION CONTACT: Mr.
(14) South Cache Water Users water from Canyon Ferry Reservoir. DeShawn Woods, Bureau of
Association, Hyrum Project, Utah: The Completed contract actions: Reclamation, Reclamation Law
Association has requested a loan under 13. Northern Colorado Water Administration Division, P.O. Box
Pub. L. 111–11 to pipe approximately Conservancy District, Colorado-Big 25007, Denver, Colorado 80225;
2,100 linear-feet of the Hyrum Mendon Thompson Project, Colorado: Amend or telephone 303–445–2900.
Canal. supplement the 1938 repayment SUPPLEMENTARY INFORMATION: The Water
Completed contract actions: contract to include the transfer of OM&R Resources Planning Act of 1965 and the
31. East Wanship Irrigation Company, for Carter Lake Dam Additional Outlet Water Resources Development Act of
Weber Basin Project, Utah: The Works and Flatiron Power Plant Bypass 1974 require an annual determination of
Company has requested a supplemental facilities. Contract executed August 3, a discount rate for Federal water
O&M agreement to modify the Federal 2017. resources planning. The discount rate
facilities below Wanship Dam to install 14. Van Amundson; Jamestown for Federal water resources planning for
a pipe from its current point of delivery Reservoir, Garrison Diversion Unit, P– fiscal year 2018 is 2.750 percent.
to the end of the Primary Jurisdiction SMBP; North Dakota: Intent to enter Discounting is to be used to convert
Zone. Contract executed May 24, 2017. into an individual long-term irrigation future monetary values to present
daltland on DSKBBV9HB2PROD with NOTICES

34. North Fork Water Conservancy water service contract to provide up to values.
District and Ragged Mountain Water 285 acre-feet of water annually for a This rate has been computed in
Users Association, Paonia Project, term of up to 40 years from Jamestown accordance with Section 80(a), Public
Colorado: An existing contract for 2,000 Reservoir, North Dakota. Contract Law 93–251 (88 Stat. 34), and 18 CFR
acre-feet expired on December 31, 2016. executed April 18, 2017. 704.39, which: (1) Specify that the rate
The parties requested a 5-year contract 18. Midvale ID; Riverton Unit, P– will be based upon the average yield
that began when the existing contract SMBP; Wyoming: Consideration of a during the preceding fiscal year on

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Federal Register / Vol. 83, No. 7 / Wednesday, January 10, 2018 / Notices 1273

interest-bearing marketable securities of sending an email to DOL_PRA_ Number 1220–0050. The current
the United States which, at the time the PUBLIC@dol.gov. approval is scheduled to expire on June
computation is made, have terms of 15 Submit comments about this request 30, 2019; however, the DOL notes that
years or more remaining to maturity by mail or courier to the Office of existing information collection
(average yield is rounded to nearest one- Information and Regulatory Affairs, requirements submitted to the OMB
eighth percent); and (2) provide that the Attn: OMB Desk Officer for DOL–BLS, receive a month-to-month extension
rate will not be raised or lowered more Office of Management and Budget, while they undergo review. New
than one-quarter of 1 percent for any Room 10235, 725 17th Street NW, requirements would only take effect
year. The U.S. Department of the Washington, DC 20503; by Fax: 202– upon OMB approval. For additional
Treasury calculated the specified 395–5806 (this is not a toll-free substantive information about this ICR,
average to be 2.7118 percent. This rate, number); or by email: OIRA_ see the related notices published in the
rounded to the nearest one-eighth submission@omb.eop.gov. Commenters Federal Register on August 8, 2017, 82
percent, is 2.750 percent, which is a are encouraged, but not required, to FR 37115, and December 1, 2017, 82 FR
change of less than the allowable one- send a courtesy copy of any comments 56966.
quarter of 1 percent. Therefore, the by mail or courier to the U.S. Interested parties are encouraged to
fiscal year 2018 rate is 2.750 percent. Department of Labor-OASAM, Office of send comments to the OMB, Office of
The rate of 2.750 percent will be used the Chief Information Officer, Attn: Information and Regulatory Affairs at
by all Federal agencies in the Departmental Information Compliance the address shown in the ADDRESSES
formulation and evaluation of water and Management Program, Room N1301, section within seven (7) days of
related land resources plans for the 200 Constitution Avenue NW, publication of this notice in the Federal
purpose of discounting future benefits Washington, DC 20210; or by email: Register. In order to help ensure
and computing costs or otherwise DOL_PRA_PUBLIC@dol.gov. appropriate consideration, comments
converting benefits and costs to a FOR FURTHER INFORMATION CONTACT: should mention OMB Control Number
common-time basis. Michel Smyth by telephone at 202–693– 1220–0050. The OMB is particularly
Dated: October 23, 2017. 4129, TTY 202–693–8064, (these are not interested in comments that:
toll-free numbers) or sending an email
Ruth Welch, • Evaluate whether the proposed
Director, Policy and Administration.
to DOL_PRA_PUBLIC@dol.gov.
collection of information is necessary
[FR Doc. 2018–00251 Filed 1–9–18; 8:45 am]
SUPPLEMENTARY INFORMATION: This ICR for the proper performance of the
seeks approval under the PRA for functions of the agency, including
BILLING CODE 4332–90–P
revisions to the Consumer Expenditure whether the information will have
Surveys: Quarterly Interview and Diary. practical utility;
The BLS uses the Consumer
Expenditure Surveys to gather • Evaluate the accuracy of the
DEPARTMENT OF LABOR agency’s estimate of the burden of the
information on expenditures, income,
and other related subjects. The data is proposed collection of information,
Office of the Secretary
updated periodically in the national including the validity of the
Agency Information Collection Consumer Price Index. In addition, the methodology and assumptions used;
Activities; Comment Period Extension; data is used by a variety of researchers • Enhance the quality, utility, and
Consumer Expenditure Surveys: in academia, government agencies, and clarity of the information to be
Quarterly Interview and Diary the private sector. The data is collected collected; and
from a national probability sample of • Minimize the burden of the
ACTION:Notice of availability; Extension households designed to represent the collection of information on those who
of comment period. total civilian non-institutional are to respond, including through the
population. This revision request use of appropriate automated,
SUMMARY: At the request of the Office of
includes the addition of a veterans electronic, mechanical, or other
Management (OMB) and Budget, the
question, outlet questions, and a study technological collection techniques or
Department of Labor (DOL) is extending
of the worksheet. The Census other forms of information technology,
the comment period for the Bureau of
Authorizing Statute and BLS e.g., permitting electronic submission of
Labor Statistics (BLS) sponsored
Authorizing Statute authorize this responses.
information collection request (ICR)
information collection. See 13 U.S.C. 8b
revision titled, ‘‘Consumer Expenditure Agency: DOL–BLS.
and 29 U.S.C. 2.
Surveys: Quarterly Interview and This information collection is subject Title of Collection: Consumer
Diary.’’ The ICR is under OMB review to the PRA. A Federal agency generally Expenditure Surveys: Quarterly
and approval for use in accordance with cannot conduct or sponsor a collection Interview and Diary.
the Paperwork Reduction Act (PRA) of of information, and the public is
1995. OMB Control Number: 1220–0050.
generally not required to respond to an
DATES: The OMB will consider all Affected Public: Individuals or
information collection, unless it is
written comments that agency receives Households.
approved by the OMB under the PRA
on or before January 17, 2018. and displays a currently valid OMB Total Estimated Number of
ADDRESSES: A copy of this ICR with Control Number. In addition, Respondents: 11,765.
applicable supporting documentation; notwithstanding any other provisions of Total Estimated Number of
daltland on DSKBBV9HB2PROD with NOTICES

including a description of the likely law, no person shall generally be subject Responses: 51,420.
respondents, proposed frequency of to penalty for failing to comply with a Total Estimated Annual Time Burden:
response, and estimated total burden collection of information that does not 51,484 hours.
may be obtained free of charge by display a valid Control Number. See 5
contacting Michel Smyth by telephone CFR 1320.5(a) and 1320.6. The DOL Total Estimated Annual Other Costs
at 202–693–4129, TTY 202–693–8064, obtains OMB approval for this Burden: $0.
(these are not toll-free numbers) or information collection under Control Authority: 44 U.S.C. 3507(a)(1)(D).

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Document Created: 2018-10-26 09:33:49
Document Modified: 2018-10-26 09:33:49

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		Notices
Action		Notice of change in discount rate.
Dates		This discount rate is to be used for the period October 1, 2017, through and including September 30, 2018.
Contact		Mr. DeShawn Woods, Bureau of Reclamation, Reclamation Law Administration Division, P.O. Box 25007, Denver, Colorado 80225; telephone 303-445-2900.
FR Citation		83 FR 1272

83 FR 1272 - Change in Discount Rate for Water Resources Planning

DEPARTMENT OF THE INTERIORBureau of Reclamation

Federal Register Volume 83, Issue 7 (January 10, 2018)

DEPARTMENT OF THE INTERIOR
Bureau of Reclamation