83 FR 9788 - Proposed Collection; Comment Request
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 83, Issue 45 (March 7, 2018)
Federal Register Volume 83, Issue 45 (March 7, 2018)
| Page Range | 9788-9791 | |
| FR Document | 2018-04572 |
[Federal Register Volume 83, Number 45 (Wednesday, March 7, 2018)] [Notices] [Pages 9788-9791] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-04572] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION Proposed Collection; Comment Request Upon Written Request, Copies Available From: Securities and Exchange Commission, Office of FOIA Services, 100 F Street NE, Washington, DC 20549-2736. Extension: Rule 22c-2, SEC File No. 270-541, OMB Control No. 3235-0620. Notice is hereby given that pursuant to the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 et seq.) the Securities and Exchange Commission (the ``Commission'') is soliciting comments on the collection of information summarized below. The Commission plans to submit this existing collection of information to the Office of Management and Budget for extension and approval. [[Page 9789]] Rule 22c-2 (17 CFR 270.22c-2) under the Investment Company Act of 1940 (15 U.S.C. 80a) (the ``Investment Company Act'' or ``Act'') requires the board of directors (including a majority of independent directors) of most registered open-end investment companies (``funds'') to either approve a redemption fee of up to two percent or determine that imposition of a redemption fee is not necessary or appropriate for the fund. Rule 22c-2 also requires a fund to enter into written agreements with their financial intermediaries (such as broker-dealers and retirement plan administrators) under which the fund, upon request, can obtain certain shareholder identity and trading information from the intermediaries. The written agreement must also allow the fund to direct the intermediary to prohibit further purchases or exchanges by specific shareholders that the fund has identified as being engaged in transactions that violate the fund's market timing policies. These requirements enable funds to obtain the information that they need to monitor the frequency of short-term trading in omnibus accounts and enforce their market timing policies. The rule includes three ``collections of information'' within the meaning of the Paperwork Reduction Act of 1995 (``PRA'').\1\ First, the rule requires boards to either approve a redemption fee of up to two percent or determine that imposition of a redemption fee is not necessary or appropriate for the fund. Second, funds must enter into information sharing agreements with all of their ``financial intermediaries'' \2\ and maintain a copy of the written information sharing agreement with each intermediary in an easily accessible place for six years. Third, pursuant to the information sharing agreements, funds must have systems that enable them to request frequent trading information upon demand from their intermediaries, and to enforce any restrictions on trading required by funds under the rule. --------------------------------------------------------------------------- \1\ 44 U.S.C. 3501-3520. \2\ The rule defines a Financial Intermediary as: (i) Any broker, dealer, bank, or other person that holds securities issued by the fund in nominee name; (ii) a unit investment trust or fund that invests in the fund in reliance on section 12(d)(i)(E) of the Act; and (iii) in the case of a participant directed employee benefit plan that owns the securities issued by the fund, a retirement plan's administrator under section 316(A) of the Employee Retirement Security Act of 1974 (29 U.S.C. 1002(16)(A) or any person that maintains the plans' participant records. Financial Intermediary does not include any person that the fund treats as an individual investor with respect to the fund's policies established for the purpose of eliminating or reducing any dilution of the value of the outstanding securities issued by the fund. Rule 22c-2(c)(1). --------------------------------------------------------------------------- The collections of information created by rule 22c-2 are necessary for funds to effectively assess redemption fees, enforce their policies in frequent trading, and monitor short-term trading, including market timing, in omnibus accounts. These collections of information are mandatory for funds that redeem shares within seven days of purchase. The collections of information also are necessary to allow Commission staff to fulfill its examination and oversight responsibilities. Rule 22c-2(a)(1) requires the board of directors of all registered open-end management investment companies and series thereof (except for money market funds, ETFs, or funds that affirmatively permit short-term trading of its securities) to approve a redemption fee for the fund, or instead make a determination that a redemption fee is either not necessary or appropriate for the fund. Commission staff understands that the boards of all funds currently in operation have undertaken this process for the funds they currently oversee, and the rule does not require boards to review this determination periodically once it has been made. Accordingly, we expect that only boards of newly registered funds or newly created series thereof would undertake this determination. Commission staff estimates that 42 funds (excluding money market funds and ETFs) are newly formed each year and would need to make this determination.\3\ --------------------------------------------------------------------------- \3\ This estimate is based on the number of registrants filing initial Form N-1A or N-3. This estimate does not carve out money market funds, ETFs, or funds that affirmatively permit short-term trading of their securities, so this estimate corresponds to the outer limit of the number of registrants that would have to make this determination. --------------------------------------------------------------------------- Based on conversations with fund representatives,\4\ Commission staff estimates that it takes 2 hours of the board's time as a whole (at a rate of $4465 per hour) \5\ to approve a redemption fee or make the required determination on behalf of all series of the fund. In addition, Commission staff estimates that it takes compliance personnel of the fund 8 hours (at a rate of $66 per hour) \6\ to prepare trading, compliance, and other information regarding the fund's operations to enable the board to make its determination, and takes internal compliance counsel of the fund 3 hours (at a rate of $345 per hour) \7\ to review this information and present its recommendations to the board. Therefore, for each fund board that undertakes this determination process, Commission staff estimates it expends 13 hours \8\ at a cost of $10,493.\9\ As a result, Commission staff estimates that the total time spent for all funds on this process is 546 hours at a cost of $440,706.\10\ --------------------------------------------------------------------------- \4\ Unless otherwise stated, estimates throughout this analysis are derived from a survey of funds and conversations with fund representatives. \5\ The estimate of $4465 per hour for the board's time as a whole is based on conversations with representatives of funds and their legal counsel. \6\ The $66 per hour figure for a compliance clerk is from SIFMA's Office Salaries in the Securities Industry 2013, modified by Commission staff to account for an 1800-hour work-year and inflation, and multiplied by 2.93 to account for bonuses, firm size, employee benefits and overhead. \7\ The $345 per hour figure for internal compliance counsel is from SIFMA's Management & Professional Earnings in the Securities Industry 2013, modified by Commission staff to account for an 1800- hour work-year and inflation, and multiplied by 5.35 to account for bonuses, firm size, employee benefits and overhead. \8\ This calculation is based on the following estimates: (2 hours of board time + 3 hours of internal compliance counsel time + 8 hours of compliance clerk time = 13 hours). \9\ This calculation is based on the following estimates: ($8,930 ($4,465 board time x 2 hours = $8,930) + $528 ($66 compliance time x 8 hours = $528) + $1,035 ($345 attorney time x 3 hours = $1,035) = $10,493). \10\ This calculation is based on the following estimates: (13 hours x 42 funds = 546 hours); ($10,493 x 42 funds = $440,706). --------------------------------------------------------------------------- Rule 22c-2(a)(2) also requires a fund to enter into information- sharing agreements with each of its financial intermediaries. Commission staff understands that all currently registered funds have already entered into such agreements with their intermediaries. Funds enter into new relationships with intermediaries from time to time, however, which requires them to enter into new information sharing agreements. Commission staff understands that, in general, funds enter into information-sharing agreement when they initially establish a relationship with an intermediary, which is typically executed as an addendum to the distribution agreement. The Commission staff understands that most shareholder information agreements are entered into by the fund group (a group of funds with a common investment adviser), and estimates that there are currently 850 currently active fund groups.\11\ Commission staff estimates that, on average, each active fund group enters into relationships with 3 new intermediaries each year. Commission staff understands that funds generally use a standard information sharing agreement, drafted by the fund or an outside entity, and modifies that agreement according to the [[Page 9790]] requirements of each intermediary. Commission staff estimates that negotiating the terms and entering into an information sharing agreement takes a total of 4 hours of attorney time (at a rate of $392 per hour) \12\ per intermediary (representing 2.5 hours of fund attorney time and 1.5 hours of intermediary attorney time). Accordingly, Commission staff estimates that it takes 12 hours at a cost of $4704 each year \13\ to enter into new information sharing agreements, and all existing market participants incur a total of 10,200 hours at a cost of $3,998,400.\14\ --------------------------------------------------------------------------- \11\ ICI, 2017 Investment Company Fact Book at Fig 1.8 (2017) (https://www.ici.org/research/stats/factbook). \12\ The $392 per hour figure for attorneys is from SIFMA's Management & Professional Earnings in the Securities Industry 2013, modified by Commission staff to account for an 1800-hour work-year and inflation, and multiplied by 5.35 to account for bonuses, firm size, employee benefits and overhead. \13\ This estimate is based on the following calculations: (4 hours x 3 new intermediaries = 12 hours); (12 hours x $392 = $4,704). \14\ This estimate is based on the following calculations: (12 hours x 850 fund groups = 10,200 hours); (10,200 hours x $392 = $3,998,400). --------------------------------------------------------------------------- In addition, newly created funds advised by new entrants (effectively new fund groups) must enter into information sharing agreements with all of their financial intermediaries. Commission staff estimates that there are 47 new fund groups that form each year that will have to enter into information sharing agreements with each of their intermediaries.\15\ Commission staff estimates that fund groups formed by new advisers typically have relationships with significantly fewer intermediaries than existing fund groups, and estimates that new fund groups will typically enter into 100 information sharing agreements with their intermediaries when they begin operations.\16\ As discussed previously, Commission staff estimates that it takes 4 hours of attorney time (at a rate of $392 per hour) \17\ per intermediary to enter into information sharing agreements. Therefore, Commission staff estimates that each newly formed fund group will incur 400 hours of attorney time at a cost of $156,800 \18\ and that all newly formed fund groups will incur a total of 18,800 hours at a cost of $7,369,600 to enter into information sharing agreements with their intermediaries.\19\ --------------------------------------------------------------------------- \15\ ICI, 2017 Investment Company Fact Book at Fig 1.8 (2017) (https://www.ici.org/research/stats/factbook). \16\ Commission staff understands that funds generally use a standard information sharing agreement, drafted by the fund or an outside entity, and then modifies that agreement according to the requirements of each intermediary. \17\ The $392 per hour figure for an attorney is from SIFMA's Management & Professional Earnings in the Securities Industry 2013, modified by Commission staff to account for an 1800-hour work-year and inflation, and multiplied by 5.35 to account for bonuses, firm size, employee benefits and overhead. \18\ This estimate is based on the following calculations: (4 hours x 100 intermediaries = 400 hours); (400 hours x $392 = $156,800). \19\ This estimate is based on the following calculations: (47 fund groups x 400 hours = 18,800 hours) ($392 x 18,800 = 7,369,600). --------------------------------------------------------------------------- Rule 22c-2(a)(3) requires funds to maintain records of all information-sharing agreements for 6 years in an easily accessible place. Commission staff understands that most shareholder information agreements are stored at the fund group level and estimates that there are currently approximately 850 fund groups.\20\ Commission staff understands that information-sharing agreements are generally included as addendums to distribution agreements between funds and their intermediaries, and that these agreements would be stored as required by the rule as a matter of ordinary business practice. Therefore, Commission staff estimates that maintaining records of information- sharing agreements requires 10 minutes of time spent by a general clerk (at a rate of $59 per hour) \21\ per fund, each year. Accordingly, Commission staff estimates that all funds will incur 141.67 hours at a cost of $8,358.53 \22\ in complying with the recordkeeping requirement of rule 22c-2(a)(3). --------------------------------------------------------------------------- \20\ ICI, 2017 Investment Company Fact Book at Fig 1.8 (2017) (https://www.ici.org/research/stats/factbook). \21\ The $59 per hour figure for a general clerk is derived from SIFMA's Office Salaries in the Securities Industry 2013 modified to account for an 1800-hour work-year and inflation, and multiplied by 2.93 to account for bonuses, firm size, employee benefits, and overhead. \22\ This estimate is based on the following calculations: (10 minutes x 850 fund groups = 8,500 minutes); (8,500 minutes/60 = 141.67 hours); (141.67 hours x $59 = $8,358.53). --------------------------------------------------------------------------- Therefore, Commission staff estimates that to comply with the information sharing agreement requirements of rule 22c-2(a)(2) and (3), it requires a total of 29,141.67 hours at a cost of $11,403,358.53.\23\ --------------------------------------------------------------------------- \23\ This estimate is based on the following calculations: (10,200 hours + 18,800 hours + 141.67 hours = 29,141.67 hours); ($3,998,400 + $7,369,600 + $8,358.53 = $11,403,358.53). --------------------------------------------------------------------------- The Commission staff estimates that on average, each fund group requests shareholder information once a week, and gives instructions regarding the restriction of shareholder trades every day, for a total of 417 responses related to information sharing systems per fund group each year, and a total 354,450 responses for all fund groups annually.\24\ In addition, as described above, the staff estimates that funds make 42 responses related to board determinations, 2,550 responses related to new intermediaries of existing fund groups, 4,700 responses related to new fund group information sharing agreements, and 850 responses related to recordkeeping, for a total of 8,142 responses related to the other requirements of rule 22c-2. Therefore, the Commission staff estimates that the total number of responses is 362,592 (354,450 + 8,142 = 362,592). --------------------------------------------------------------------------- \24\ This estimate is based on the following calculations: (52 + 365 = 417); (417 x 850 fund groups = 354,450). --------------------------------------------------------------------------- The Commission staff estimates that the total hour burden for rule 22c-2 is 29,687.67 hours at a cost of $11,817,056.50.\25\ Responses provided to the Commission will be accorded the same level of confidentiality accorded to other responses provided to the Commission in the context of its examination and oversight program. Responses provided in the context of the Commission's examination and oversight program are generally kept confidential. Complying with the information collections of rule 22c-2 is mandatory for funds that redeem their shares within 7 days of purchase. An agency may not conduct or sponsor, and a person is not required to respond to a collection of information unless it displays a currently valid control number. --------------------------------------------------------------------------- \25\ This estimate is based on the following calculations: (546 hours (board determination) + 29,141.67 hours (information sharing agreements) = 29,687.67 total hours); ($440,706 (board determination) + $11,376,350.53 (information sharing agreements) = $11,817,056.50). --------------------------------------------------------------------------- Written comments are invited on: (a) Whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; (b) the accuracy of the agency's estimate of the burden of the collection of information; (c) ways to enhance the quality, utility, and clarity of the information collected; and (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology. Consideration will be given to comments and suggestions submitted in writing within 60 days of this publication. Please direct your written comments to Pamela Dyson, Director/Chief Information Officer, Securities and Exchange Commission, C/O Remi Pavlik-Simon, 100 F Street NE, Washington, DC 20549; or send an email to: [email protected]. [[Page 9791]] Dated: March 1, 2018. Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2018-04572 Filed 3-6-18; 8:45 am] BILLING CODE 8011-01-P
![9788 Federal Register / Vol. 83, No. 45 / Wednesday, March 7, 2018 / Notices
structural changes were also made to the (C) Clearing Agency’s Statement on change, security-based swap
document to enhance readability. Comments on the Proposed Rule submission, or advance notice that are
Change, Security-Based Swap filed with the Commission, and all
(b) Statutory Basis Submission, or Advance Notice written communications relating to the
Section 17A(b)(3)(F) of the Act 3 Received From Members, Participants or proposed rule change, security-based
requires, among other things, that the Others swap submission, or advance notice
rules of a clearing agency be designed to Written comments relating to the between the Commission and any
proposed rule change have not been person, other than those that may be
protect investors and the public interest
solicited or received. ICC will notify the withheld from the public in accordance
and to comply with the provisions of
Commission of any written comments with the provisions of 5 U.S.C. 552, will
the Act and the rules and regulations
received by ICC. be available for website viewing and
thereunder. ICC believes that the printing in the Commission’s Public
proposed rule changes are consistent III. Date of Effectiveness of the Reference Room, 100 F Street NE,
with the requirements of the Act and the Proposed Rule Change, Security-Based Washington, DC 20549, on official
rules and regulations thereunder Swap Submission, or Advance Notice business days between the hours of
applicable to ICC, in particular, to and Timing for Commission Action 10:00 a.m. and 3:00 p.m. Copies of such
Section 17A(b)(3)(F),4 because ICC filings will also be available for
Within 45 days of the date of
believes that the proposed rule changes inspection and copying at the principal
publication of this notice in the Federal
will protect investors and the public Register or within such longer period office of ICE Clear Credit and on ICE
interest, as the updates more accurately up to 90 days (i) as the Commission may Clear Credit’s website at https://
reflect ICC’s operational risk program designate if it finds such longer period www.theice.com/clear-credit/regulation.
given the incorporation of the ICE, Inc. to be appropriate and publishes its All comments received will be posted
Enterprise Risk Management reasons for so finding or (ii) as to which without change. Persons submitting
Department into ICC’s existing the self-regulatory organization comments are cautioned that we do not
operational risk management processes. consents, the Commission will: redact or edit personal identifying
In addition, the proposed revisions are (A) By order approve or disapprove information from comment submissions.
consistent with the relevant such proposed rule change, or You should submit only information
requirements of Rule 17Ad–22.5 The (B) institute proceedings to determine that you wish to make available
changes to the ICC Operational Risk whether the proposed rule change publicly. All submissions should refer
Management Framework further ensure should be disapproved. to File Number SR–ICC–2018–003 and
that ICC, through its operational risk should be submitted on or before March
IV. Solicitation of Comments 28, 2018.
program, is able to identify sources of
operational risk and minimize them Interested persons are invited to For the Commission, by the Division of
through the development of appropriate submit written data, views, and Trading and Markets, pursuant to delegated
arguments concerning the foregoing, authority.8
systems, control, and procedures. Thus,
the changes are reasonably designed to including whether the proposed rule Eduardo A. Aleman,
meet the operational risk requirements change, security-based swap Assistant Secretary.
of Rule 17Ad–22(d)(4).6 As such, the submission, or advance notice is [FR Doc. 2018–04558 Filed 3–6–18; 8:45 am]
consistent with the Act. Comments may
proposed changes are designed to BILLING CODE 8011–01–P
be submitted by any of the following
promote the prompt and accurate
methods:
clearance and settlement of securities
Electronic Comments SECURITIES AND EXCHANGE
transactions, derivatives agreements,
COMMISSION
contracts, and transactions within the • Use the Commission’s internet
meaning of Section 17A(b)(3)(F) 7 of the comment form (http://www.sec.gov/ Proposed Collection; Comment
Act. rules/sro.shtml); or Request
(B) Clearing Agency’s Statement on • Send an email to rule-comments@
sec.gov. Please include File Number SR– Upon Written Request, Copies Available
Burden on Competition From: Securities and Exchange
ICC–2018–003 on the subject line.
Commission, Office of FOIA Services,
ICC does not believe the proposed Paper Comments 100 F Street NE, Washington, DC
rule changes would have any impact, or 20549–2736.
impose any burden, on competition. Send paper comments in triplicate to
The ICC Operational Risk Management Secretary, Securities and Exchange Extension:
Framework applies uniformly across all Commission, 100 F Street NE, Rule 22c–2, SEC File No. 270–541, OMB
Washington, DC 20549–1090. Control No. 3235–0620.
market participants. Therefore, ICC does
not believe the proposed rule changes All submissions should refer to File Notice is hereby given that pursuant
impose any burden on competition that Number SR–ICC–2018–003. This file to the Paperwork Reduction Act of 1995
is inappropriate in furtherance of the number should be included on the (44 U.S.C. 3501 et seq.) the Securities
purposes of the Act. subject line if email is used. To help the and Exchange Commission (the
Commission process and review your ‘‘Commission’’) is soliciting comments
comments more efficiently, please use on the collection of information
daltland on DSKBBV9HB2PROD with NOTICES
only one method. The Commission will summarized below. The Commission
post all comments on the Commission’s plans to submit this existing collection
3 15 U.S.C. 78q–1(b)(3)(F). internet website (http://www.sec.gov/ of information to the Office of
4 Id. rules/sro.shtml). Copies of the Management and Budget for extension
5 17 CFR 240.17Ad–22. submission, all subsequent and approval.
6 17 CFR 240.17Ad–22(d)(4). amendments, all written statements
7 15 U.S.C. 78q–1(b)(3)(F). with respect to the proposed rule 8 17 CFR 200.30–3(a)(12).
VerDate Sep<11>2014 17:30 Mar 06, 2018 Jkt 244001 PO 00000 Frm 00065 Fmt 4703 Sfmt 4703 E:\FR\FM\07MRN1.SGM 07MRN1](https://thefederalregister.org/doc/83_FR_9833/page/1.svg)
![Federal Register / Vol. 83, No. 45 / Wednesday, March 7, 2018 / Notices 9791
Dated: March 1, 2018. under FOR FURTHER INFORMATION a toll-free number). Comments should
Eduardo A. Aleman, CONTACT. indicate that they are submitted in
Assistant Secretary. In addition, any person may, upon response to CMA between VA, VBA and
[FR Doc. 2018–04572 Filed 3–6–18; 8:45 am] request, inspect the request, notice and Federal BOP. Copies of comments
BILLING CODE 8011–01–P
other documents germane to the request received will be available for public
in person at the Craig Field Airport inspection in the Office of Regulation
(SEM). Policy and Management, Room 1063B,
DEPARTMENT OF TRANSPORTATION Issued in Jackson, Mississippi, on February between the hours of 8:00 a.m. and 4:30
27, 2018. p.m., Monday through Friday (except
Federal Aviation Administration Rans D. Black, holidays). Please call (202) 461–4902 for
Manager, Jackson Airports District Office, an appointment. (This is not a toll-free
Notice of Opportunity for Public Southern Region. number.) In addition, comments may be
Comment on Surplus Property Release viewed online at www.Regulations.gov.
[FR Doc. 2018–04582 Filed 3–6–18; 8:45 am]
at the Craig Field Airport, Selma, FOR FURTHER INFORMATION CONTACT: Eric
BILLING CODE 4910–13–P
Alabama Robinson (VBA), 202–443–6016 (this is
AGENCY: Federal Aviation not a toll-free number).
Administration, DOT. DEPARTMENT OF VETERANS SUPPLEMENTARY INFORMATION: This
ACTION: Notice of intent to rule on land AFFAIRS agreement continues an arrangement for
release request. a periodic computer-matching program
Privacy Act of 1974; Matching Program between VA (VBA as the matching
SUMMARY: The FAA is considering a recipient agency) and DOJ (BOP as the
request from the Craig Field Airport and AGENCY: Department of Veterans Affairs. matching source agency). This
Industrial Authority to waive the ACTION:Notice of modified matching agreement sets forth the responsibilities
requirement that 13.19± acres of airport program. of VBA and BOP with respect to
property located at the Craig Field information disclosed pursuant to this
Airport in Selma, Alabama, be used for SUMMARY: The Department of Veterans
Affairs (VA) has a current 12 month agreement and takes into account both
aeronautical purposes. agencies’ responsibilities under the
computer matching agreement (CMA)
DATES: Comments must be received on Privacy Act of 1974, 5 U.S.C. 552a, as
or before April 6, 2018. re-establishment agreement with the
Federal Bureau of Prisons (BOP) amended by the Computer Matching
ADDRESSES: Comments on this notice and Privacy Protection Act of 1988, as
regarding Veterans who are in Federal
may be mailed or delivered in triplicate prison and are also in receipt of amended, and the regulations
to the FAA to the following address: promulgated thereunder, including
compensation and pension benefits. The
Jackson Airports District Office, Attn: computer matching portions of a
purpose of this CMA is to renew the
Kevin Morgan, Program Manager, 100 revision of OMB Circular No. A–130, 65
agreement between VA, Veterans
West Cross Street, Suite B, Jackson, MS FR 77677 dated December 12, 2000. The
Benefits Administration (VBA) and the
39208–2307. matching agreement expired in June
In addition, one copy of any United States Department of Justice
(DOJ), BOP. BOP will disclose 2017. VA added more data elements to
comments submitted to the FAA must include ‘‘date of conviction’’, ‘‘type of
be mailed or delivered to Craig Field information about individuals who are
in federal prison. VBA will use this offense’’, and ‘‘date of scheduled
Airport and Industrial Authority, Attn: release’’.
Menzo Driskell, Executive Director, P.O. information as a match for recipients of
Participating Agencies: VA (VBA as
Box 1421, Selma, AL 36702–1421. Compensation and Pension benefits for
the matching recipient agency) and DOJ
adjustments of awards.
FOR FURTHER INFORMATION CONTACT: (BOP as the matching source agency).
Kevin Morgan, Program Manager, DATES: Comments on this new Authority for Conducting the
Jackson Airports District Office, 100 agreement must be received no later Matching Program: The legal authority
West Cross Street, Suite B, Jackson, MS than 30 days after date of publication in to conduct this match is 38 U.S.C. 1505,
39208–2307, (601) 664–9891. The land the Federal Register. If no public 5106, and 5313. Section 5106 requires
release request may be reviewed in comment is received during the period any Federal department or agency to
person at this same location. allowed for comment or unless provide VA such information as VA
SUPPLEMENTARY INFORMATION: The FAA
otherwise published in the Federal requests for the purposes of determining
is reviewing a request by Craig Field Register by VA, the new agreement will eligibility for, or the amount of VA
Airport and Industrial Authority to become effective a minimum of 30 days benefits, or verifying other information
release 13.19± acres of airport property after date of publication in the Federal with respect thereto. Section 1505
at the Craig Field Airport (SEM) under Register. If VA receives public provides that no VA pension benefits
the provisions of Title 49, U.S.C. comments, VA shall review the shall be paid to or for any person
Section 47153(c). The property will be comments to determine whether any eligible for such benefits, during the
purchased by Timewell-Southern changes to the notice are necessary. This period of that person’s incarceration as
Division for non-aeronautical purposes. matching program will be valid for 18 the result of conviction of a felony or
The property is within the Craig Field months from the effective date of this misdemeanor, beginning on the 61st day
Industrial Park and adjacent to other notice. of incarceration. Section 5313 provides
non-aeronautical property on west ADDRESSES: Written comments may be that VA compensation or dependency
daltland on DSKBBV9HB2PROD with NOTICES
quadrant of airport property just off submitted through and indemnity compensation above a
highway 41. The net proceeds from the www.Regulations.gov; by mail or hand- specified amount shall not be paid to
sale of this property will be used for delivery to Director, Regulation Policy any person eligible for such benefit,
maintenance and improvements at the and Management (00REG), Department during the period of that person’s
Craig Field Airport. of Veterans Affairs, 810 Vermont Ave. incarceration as the result of conviction
Any person may inspect the request NW, Room 1064, Washington, DC of a felony, beginning on the 61st day
in person at the FAA office listed above 20420; or by fax to (202) 273–9026 (not of incarceration.
VerDate Sep<11>2014 17:30 Mar 06, 2018 Jkt 244001 PO 00000 Frm 00068 Fmt 4703 Sfmt 4703 E:\FR\FM\07MRN1.SGM 07MRN1](https://thefederalregister.org/doc/83_FR_9833/page/4.svg)
Document Created: 2018-03-07 01:27:29
Document Modified: 2018-03-07 01:27:29
| 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 | |
| FR Citation | 83 FR 9788 |
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR