Commission Meeting, 22712-22713 [2017-09918]
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Federal Register / Vol. 82, No. 94 / Wednesday, May 17, 2017 / Notices
permitted by section 19(b) or rule 19b–
1.
Applicants: The RiverNorth
DoubleLine Strategic Opportunity Fund,
Inc. (the ‘‘Fund’’), a newly-organized,
diversified closed-end investment
company registered under the Act and
organized as a corporation under the
laws of Maryland, and RiverNorth
Capital Management LLC (the
‘‘Adviser’’) (together with the Fund, the
‘‘Applicants’’), registered under the
Investment Advisers Act of 1940,
organized as a limited liability company
under the laws of Delaware, and serving
as investment adviser to the Fund.1
Filing Dates: The application was
filed on September 1, 2016, and
amended on April 12, 2017.
Hearing or Notification of Hearing: An
order granting the application will be
issued unless the Commission orders a
hearing. Interested persons may request
a hearing by writing to the
Commission’s Secretary and serving
applicants with a copy of the request,
personally or by mail. Hearing requests
should be received by the Commission
by 5:30 p.m. on June 6, 2017, and
should be accompanied by proof of
service on applicants, in the form of an
affidavit or, for lawyers, a certificate of
service. Pursuant to Rule 0–5 under the
Act, hearing requests should state the
nature of the writer’s interest, any facts
bearing upon the desirability of a
hearing on the matter, the reason for the
request, and the issues contested.
Persons who wish to be notified of a
hearing may request notification by
writing to the Commission’s Secretary.
The Commission: Secretary,
U.S. Securities and Exchange
Commission, 100 F Street NE.,
Washington, DC 20549–1090.
Applicants: Morrison C. Warren, Esq.,
RiverNorth DoubleLine Strategic
Opportunity Fund, Inc., Chapman and
Cutler LLP, 111 West Monroe Street,
Chicago, Illinois 60603, and Marc
Collins, Esq., RiverNorth Capital
Management LLC, 325 North LaSalle
Street, Suite 645, Chicago, Illinois
60654.
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ADDRESSES:
1 Applicants request that the order also apply to
each other registered closed-end investment
company advised or to be advised in the future by
the Adviser or by an entity controlling, controlled
by, or under common control (within the meaning
of section 2(a)(9) of the Act) with the Adviser
(including any successor in interest) (each such
entity, including the Adviser, also the ‘‘Adviser’’)
that in the future seeks to rely on the order (such
investment companies, together with the Fund, are
collectively the ‘‘Funds’’ and, individually, a
‘‘Fund’’). A successor in interest is limited to
entities that result from a reorganization into
another jurisdiction or a change in the type of
business organization.
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15:18 May 16, 2017
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FOR FURTHER INFORMATION CONTACT:
Stephan N. Packs, Senior Counsel at
(202) 551–6853, or David J. Marcinkus,
Branch Chief, at (202) 551–6825
(Division of Investment Management,
Chief Counsel’s Office).
SUPPLEMENTARY INFORMATION: The
following is a summary of the
application. The complete application
may be obtained via the Commission’s
Web site by searching for the file
number, or for an applicant using the
Company name box, at https://
www.sec.gov/search/search.htm, or by
calling (202) 551–8090.
Summary of the Application
1. Section 19(b) of the Act generally
makes it unlawful for any registered
investment company (‘‘fund’’) to make
long-term capital gains distributions
more than once every twelve months.
Rule 19b–1 under the Act limits to one
the number of capital gain dividends, as
defined in section 852(b)(3)(C) of the
Internal Revenue Code of 1986 (‘‘Code,’’
and such dividends, ‘‘distributions’’),
that a fund may make with respect to
any one taxable year, plus a
supplemental distribution made
pursuant to section 855 of the Code not
exceeding 10% of the total amount
distributed for the year, plus one
additional capital gain dividend made
in whole or in part to avoid the excise
tax under section 4982 of the Code.
2. Applicants believe that investors in
certain closed-end funds may prefer an
investment vehicle that provides regular
current income through a fixed
distribution policy (‘‘Distribution
Policy’’). Applicants propose that the
Fund be permitted to adopt a
Distribution Policy, pursuant to which
the Fund would distribute periodically
to its stockholders a fixed monthly
percentage of the market price of the
Fund’s common stock at a particular
point in time or a fixed monthly
percentage of net asset value (‘‘NAV’’) at
a particular time or a fixed monthly
amount per share of common stock, any
of which may be adjusted from time to
time.
3. Applicants request an order under
section 6(c) of the Act granting an
exemption from section 19(b) of the Act
and rule 19b–1 to permit a Fund to
distribute periodic capital gain
dividends (as defined in section
852(b)(3)(C) of the Code) as frequently
as twelve times in any one taxable year
in respect of its common stock and as
often as specified by, or determined in
accordance with the terms of, any
preferred stock issued by the Fund.
Section 6(c) of the Act provides, in
relevant part, that the Commission may
exempt any person or transaction from
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any provision of the Act to the extent
that such exemption is necessary or
appropriate in the public interest and
consistent with the protection of
investors and the purposes fairly
intended by the policy and provisions of
the Act.
4. Applicants state that any order
granting the requested relief will be
subject to the terms and conditions
stated in the application, which
generally are designed to address the
concerns underlying section 19(b) and
rule 19b–1, including concerns about
proper disclosures and shareholders’
understanding of the source(s) of a
Fund’s distributions and concerns about
improper sales practices. Among other
things, such terms and conditions
require that (1) the board of directors or
trustees of the Fund (the ‘‘Board’’)
review such information as is
reasonably necessary to make an
informed determination of whether to
adopt the proposed Distribution Policy
and that the Board periodically review
the amount of the distributions in light
of the investment experience of the
Fund, and (2) that the Fund’s
shareholders receive appropriate
disclosures concerning the
distributions.
For the Commission, by the Division of
Investment Management, under delegated
authority.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017–09983 Filed 5–16–17; 8:45 am]
BILLING CODE 8011–01–P
SUSQUEHANNA RIVER BASIN
COMMISSION
Commission Meeting
Susquehanna River Basin
Commission.
ACTION: Notice.
AGENCY:
The Susquehanna River Basin
Commission will hold its regular
business meeting on June 16, 2017, in
Entriken, Pennsylvania. Details
concerning the matters to be addressed
at the business meeting are contained in
the SUPPLEMENTARY INFORMATION section
of this notice.
DATES: The meeting will be held on
Friday, June 16, 2017, at 9 a.m.
ADDRESSES: The meeting will be held at
the Lake Raystown Resort, River Birch
Ballroom, 3101 Chipmunk Crossing,
Entriken, PA 16638.
FOR FURTHER INFORMATION CONTACT:
Jason E. Oyler, General Counsel, 717–
238–0423, ext. 1312.
SUMMARY:
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Federal Register / Vol. 82, No. 94 / Wednesday, May 17, 2017 / Notices
The
business meeting will include actions or
presentations on the following items: (1)
Informational presentation of interest to
the Juniata Subbasin area; (2) election of
officers for FY 2018; (3) the proposed
Water Resources Program for fiscal years
2018 and 2019; (4) amendment of the
Comprehensive Plan for the Water
Resources of the Susquehanna River
Basin; (5) the proposed FY2018
Regulatory Program Fee Schedule; (6)
adoption of a preliminary FY 2019
budget; (7) treasury management
services agreement with First National
Bank; (8) ratification/approval of
contracts/grants; (9) rulemaking action
to amend Commission regulations to
clarify application requirements and
standards for review of projects, amend
the rules dealing with the mitigation of
consumptive uses, add a subpart to
provide for registration of grandfathered
projects, and revise requirements
dealing with hearings and enforcement
actions; (10) report on delegated
settlements; (11) EOG Resources Inc.
request for waiver of application
required by 18 CFR 806.3 and 806.4;
(12) Middletown Borough request for
waiver of application required by 18
CFR 806.6(a)(5) and (b); and (13)
Regulatory Program projects and
requests for extension of emergency
certificates, including for Susquehanna
Nuclear, LLC.
Projects, the fee schedule, the request
of waiver by EOG Resources Inc., and
amendments to the Comprehensive Plan
listed for Commission action are those
that were the subject of a public hearing
conducted by the Commission on May
11, 2017, and identified in the notice for
such hearing, which was published in
82 FR 17497, April 11, 2017. The
rulemaking was published in 81 FR
64814, September 21, 2016, and subject
to four public hearings on November 3,
2016; November 9, 2016; November 10,
2016; and December 8, 2016, and a
public comment period that closed on
January 30, 2017.
The public is invited to attend the
Commission’s business meeting.
Comments on the Regulatory Program
projects, the fee schedule, the request
for waiver by EOG Resources Inc., and
amendments to the Comprehensive Plan
were subject to a deadline of May 22,
2017. Written comments pertaining to
other items on the agenda at the
business meeting may be mailed to the
Susquehanna River Basin Commission,
4423 North Front Street, Harrisburg,
Pennsylvania 17110–1788, or submitted
electronically through https://
www.srbc.net/pubinfo/
publicparticipation.htm. Such
comments are due to the Commission
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SUPPLEMENTARY INFORMATION:
VerDate Sep<11>2014
15:18 May 16, 2017
Jkt 241001
on or before June 9, 2017. Comments
will not be accepted at the business
meeting noticed herein.
Authority: Pub. L. 91–575, 84 Stat. 1509 et
seq., 18 CFR parts 806, 807, and 808.
Dated: May 11, 2017.
Stephanie L. Richardson,
Secretary to the Commission.
[FR Doc. 2017–09918 Filed 5–16–17; 8:45 am]
BILLING CODE 7040–01–P
DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration
Approval of Noise Compatibility
Program, Melbourne International
Airport, Melbourne, FL
Federal Aviation
Administration, DOT.
ACTION: Notice.
AGENCY:
The Federal Aviation
Administration (FAA) announces its
findings on the Noise Compatibility
Program submitted by the Melbourne
Airport Authority (MAA) under the
Aviation Safety and Noise Abatement
Act, hereinafter referred to as ‘‘the Act.’’
These findings are made in recognition
of the description of Federal and
nonfederal responsibilities in Senate
Report No. 96–52 (1980). On December
12, 2016, the FAA determined that the
noise exposure maps submitted by the
MAA under Part 150 were in
compliance with applicable
requirements. On April 25, 2017, the
FAA approved the Melbourne
International Airport (MLB) noise
compatibility program. All of the
recommendations of the program were
approved. No program elements relating
to new or revised flight procedures for
noise abatement were proposed by the
airport operator.
DATES: The effective date of the FAA’s
approval of the MLB Noise
Compatibility Program is April 25, 2017.
FOR FURTHER INFORMATION CONTACT:
Allan Nagy, Federal Aviation
Administration, Orlando Airports
District Office, 5950 Hazeltine National
Drive, Suite 400, Orlando, FL 32822,
phone number: (407) 812–6331.
Documents reflecting this FAA action
may be reviewed at this same location.
SUPPLEMENTARY INFORMATION: This
notice announces that the FAA has
given its overall approval to the Noise
Compatibility Program for MLB,
effective April 25, 2017.
Under Section 47504 of the Act, an
airport operator who has previously
submitted a Noise Exposure Map may
submit to the FAA a Noise
SUMMARY:
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22713
Compatibility Program which sets forth
the measures taken or proposed by the
airport operator for the reduction of
existing non-compatible land uses and
prevention of additional non-compatible
land uses within the area covered by the
Noise Exposure Maps. The Act requires
such programs to be developed in
consultation with interested and
affected parties including local
communities, government agencies,
airport users, and FAA personnel.
Each airport noise compatibility
program developed in accordance with
Title 14 Code of Federal Regulations
(CFR) part 150 is a local program, not
a Federal Program. The FAA does not
substitute its judgment for that of the
airport operator with respect to which
measure should be recommended for
action. The FAA’s approval or
disapproval of 14 CFR part 150 program
recommendations is measured
according to the standards expressed in
14 CFR part 150 and the Act, and is
limited to the following determinations:
a. The Noise Compatibility Program
was developed in accordance with the
provisions and procedures of 14 CFR
part 150;
b. Program measures are reasonably
consistent with achieving the goals of
reducing existing non-compatible land
uses around the airport and preventing
the introduction of additional noncompatible land uses;
c. Program measures would not create
an undue burden on interstate or foreign
commerce, unjustly discriminate against
types or classes of aeronautical uses,
violate the terms of airport grant
agreements, or intrude into areas
preempted by the Federal government;
and
d. Program measures relating to the
use of flight procedures can be
implemented within the period covered
by the program without derogating
safety, adversely affecting the efficient
use and management of the navigable
airspace and air traffic control systems,
or adversely affecting other powers and
responsibilities of the Administrator
prescribed by law.
Specific limitations with respect to
FAA’s approval of an airport Noise
Compatibility Program are delineated in
14 CFR part 150, Section 150.5.
Approval is not a determination
concerning the acceptability of land
uses under Federal, state, or local law.
Approval does not by itself constitute an
FAA implementing action. A request for
Federal action or approval to implement
specific noise compatibility measures
may be required, and an FAA decision
on the request may require
environmental review of the proposed
action. Approval does not constitute a
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]]>Agencies
[Federal Register Volume 82, Number 94 (Wednesday, May 17, 2017)]
[Notices]
[Pages 22712-22713]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-09918]
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SUSQUEHANNA RIVER BASIN COMMISSION
Commission Meeting
AGENCY: Susquehanna River Basin Commission.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Susquehanna River Basin Commission will hold its regular
business meeting on June 16, 2017, in Entriken, Pennsylvania. Details
concerning the matters to be addressed at the business meeting are
contained in the SUPPLEMENTARY INFORMATION section of this notice.
DATES: The meeting will be held on Friday, June 16, 2017, at 9 a.m.
ADDRESSES: The meeting will be held at the Lake Raystown Resort, River
Birch Ballroom, 3101 Chipmunk Crossing, Entriken, PA 16638.
FOR FURTHER INFORMATION CONTACT: Jason E. Oyler, General Counsel, 717-
238-0423, ext. 1312.
[[Page 22713]]
SUPPLEMENTARY INFORMATION: The business meeting will include actions or
presentations on the following items: (1) Informational presentation of
interest to the Juniata Subbasin area; (2) election of officers for FY
2018; (3) the proposed Water Resources Program for fiscal years 2018
and 2019; (4) amendment of the Comprehensive Plan for the Water
Resources of the Susquehanna River Basin; (5) the proposed FY2018
Regulatory Program Fee Schedule; (6) adoption of a preliminary FY 2019
budget; (7) treasury management services agreement with First National
Bank; (8) ratification/approval of contracts/grants; (9) rulemaking
action to amend Commission regulations to clarify application
requirements and standards for review of projects, amend the rules
dealing with the mitigation of consumptive uses, add a subpart to
provide for registration of grandfathered projects, and revise
requirements dealing with hearings and enforcement actions; (10) report
on delegated settlements; (11) EOG Resources Inc. request for waiver of
application required by 18 CFR 806.3 and 806.4; (12) Middletown Borough
request for waiver of application required by 18 CFR 806.6(a)(5) and
(b); and (13) Regulatory Program projects and requests for extension of
emergency certificates, including for Susquehanna Nuclear, LLC.
Projects, the fee schedule, the request of waiver by EOG Resources
Inc., and amendments to the Comprehensive Plan listed for Commission
action are those that were the subject of a public hearing conducted by
the Commission on May 11, 2017, and identified in the notice for such
hearing, which was published in 82 FR 17497, April 11, 2017. The
rulemaking was published in 81 FR 64814, September 21, 2016, and
subject to four public hearings on November 3, 2016; November 9, 2016;
November 10, 2016; and December 8, 2016, and a public comment period
that closed on January 30, 2017.
The public is invited to attend the Commission's business meeting.
Comments on the Regulatory Program projects, the fee schedule, the
request for waiver by EOG Resources Inc., and amendments to the
Comprehensive Plan were subject to a deadline of May 22, 2017. Written
comments pertaining to other items on the agenda at the business
meeting may be mailed to the Susquehanna River Basin Commission, 4423
North Front Street, Harrisburg, Pennsylvania 17110-1788, or submitted
electronically through https://www.srbc.net/pubinfo/publicparticipation.htm. Such comments are due to the Commission on or
before June 9, 2017. Comments will not be accepted at the business
meeting noticed herein.
Authority: Pub. L. 91-575, 84 Stat. 1509 et seq., 18 CFR parts
806, 807, and 808.
Dated: May 11, 2017.
Stephanie L. Richardson,
Secretary to the Commission.
[FR Doc. 2017-09918 Filed 5-16-17; 8:45 am]
BILLING CODE 7040-01-P
