NASA Advisory Council, Financial Audit Committee, Meeting, 17479-17480 [05-6734]

Download as PDF Federal Register / Vol. 70, No. 65 / Wednesday, April 6, 2005 / Notices a pension plan within a reasonable time after withholding or receipt by the employer. B. Loan at a fair market interest rate to a party in interest with respect to a plan. (See VFC Program, section 7.B.1.). C. Purchase or sale of an asset (including real property) between a plan and a party in interest at fair market value. (See VFC Program, sections 7.D.1. and 7.D.2.). D. Sale of real property to a plan by the employer and the leaseback of the property to the employer, at fair market value and fair market rental value, respectively. (See VFC Program, section 7.D.3.). E. Purchase of an asset by a plan where the asset has been determined to be illiquid (including real property) as described under the revised VFC Program from a party in interest at no greater than fair market value at that time, and/or the subsequent sale of such asset to a party in interest, provided the plan receives the correction amount as described in section 5(b) of the Program. (See VFC Program, as amended, section 7.D.6.). Section II: Conditions A. With respect to a transaction involving participant contributions or loan repayments to pension plans described in Section I.A., the contributions or repayments were transmitted to the pension plan not more than 180 calendar days from the date the amounts were received by the employer (in the case of amounts that a participant or beneficiary pays to an employer) or the date the amounts otherwise would have been payable to the participant in cash (in the case of amounts withheld by an employer from a participant’s wages). B. With respect to the transactions described in Sections I.B., I.C., I.D., or I.E., the plan assets involved in the transaction, or series of related transactions, did not, in the aggregate, exceed 10 percent of the fair market value of all the assets of the plan at the time of the transaction. C. The fair market value of any plan asset involved in a transaction described in Sections I.C., I.D., or I.E. was determined in accordance with section 5 of the VFC Program. D. The terms of a transaction described in Sections I.B., I.C., I.D., or I.E., were at least as favorable to the plan as the terms generally available in arm’s-length transactions between unrelated parties. E. With respect to any transaction described in Section I, the transaction was not part of an agreement, VerDate jul<14>2003 18:17 Apr 05, 2005 Jkt 205001 17479 arrangement or understanding designed to benefit a party in interest. F. (1) With respect to any transaction described in Section I, the applicant has not taken advantage of the relief provided by the VFC Program and this exemption for a similar type of transaction(s) identified in the current application during the period which is three years prior to submission of the current application. (2) Notwithstanding the foregoing, Section II.F.(1) shall not apply to an applicant provided that: (a) The applicant was a broker-dealer registered under the Securities Exchange Act of 1934, a bank supervised by the United States or a State thereof, a broker-dealer or bank subject to foreign government regulation, an insurance company qualified to do business in a State, or an affiliate thereof; (b) The applicant was a party in interest (including a fiduciary) solely by reason of providing services to the plan or solely by reason of a relationship to such service provider described in section 3(14)(F), (G), (H) or (I) of ERISA (and/or the corresponding provisions of section 4975 of the Code); (c) Neither the applicant nor any affiliate (i) was a fiduciary (within the meaning of section 3(21)(A) of ERISA) with respect to the assets of the plan involved in the transaction and (ii) used its discretion to cause the plan to engage in the transaction; (d) Individuals acting on behalf of the applicant had no actual knowledge or reason to know that the transaction was not exempt pursuant to a statutory or administrative exemption under ERISA and/or the Code; and (e) Prior to the transaction, the applicant established written policies and procedures that were reasonably designed to ensure compliance with the prohibited transaction rules and the applicant engaged in periodic monitoring for compliance. G. With respect to a transaction involving a sale of an illiquid asset under the VFC Program by the plan to a party in interest described in Section I.E., the plan paid no brokerage fees, or commissions in connection with the sale of the asset. Section IV: Notice A. Written notice of the transaction(s) for which the applicant is seeking relief pursuant to the revised VFC Program, and this exemption, and the method of correcting the transaction, was provided to interested persons within 60 calendar days following the date of the submission of an application under the revised VFC Program. A copy of the notice was provided to the appropriate Regional Office of the United States Department of Labor, Employee Benefits Security Administration within the same 60-day period, and the applicant indicated the date upon which notice was distributed to interested persons. Plan assets were not used to pay for the notice. The notice included an objective description of the transaction and the steps taken to correct it, written in a manner reasonably calculated to be understood by the average Plan participant or beneficiary. The notice provided for a period of 30 calendar days, beginning on the date the notice was distributed, for interested persons to provide comments to the appropriate Regional Office. The notice included the address and telephone number of such Regional Office. B. Notice was given in a manner that was reasonably calculated, taking into consideration the particular circumstances of the plan, to result in the receipt of such notice by interested persons, including but not limited to posting, regular mail, or electronic mail, or any combination thereof. The notice informed interested persons of the applicant’s participation in the revised VFC Program as amended and intention of availing itself of relief under the exemption. Section III: Compliance With the Revised VFC Program NASA Advisory Council, Financial Audit Committee, Meeting A. The applicant has met all of the applicable requirements of the revised VFC Program. B. EBSA has issued a no action letter to the applicant pursuant to the revised VFC Program with respect to a transaction described in Section I. AGENCY: PO 00000 Frm 00078 Fmt 4703 Sfmt 4703 Signed at Washington, DC, this 30th day of March, 2005. Ivan L. Strasfeld, Director of Exemption Determinations, Employee Benefits, Security Administration, U.S. Department of Labor. [FR Doc. 05–6626 Filed 4–5–05; 8:45 am] BILLING CODE 4510–29–P NATIONAL AERONAUTICS AND SPACE ADMINISTRATION [Notice 05–068] National Aeronautics and Space Administration. ACTION: Notice of meeting. SUMMARY: In accordance with the Federal Advisory Committee Act (FACA), Pub. L. 92–463, as amended, E:\FR\FM\06APN1.SGM 06APN1 17480 Federal Register / Vol. 70, No. 65 / Wednesday, April 6, 2005 / Notices the National Aeronautics and Space Administration announces a forthcoming meeting of the NASA Advisory Council (NAC), Financial Audit Committee (NFAC). DATES: Friday, April 22, 2005, 11 a.m. to 3 p.m. ADDRESSES: National Aeronautics and Space Administration, 300 E Street, SW., Room 9H40, Washington, DC 20546. Ms. Ermerdene Lee, of the Chief Financial Officer’s Office, National Aeronautics and Space Administration, Washington, DC 20546. (202) 358–4529, e-mail elee1@hq.nasa.gov. FOR FURTHER INFORMATION CONTACT: The meeting will be open to the public up to the capacity of the room. The agenda for the meeting includes the following topics: —NASA Financial Systems Overview —NASA Management Material Weaknesses Discussion Attendees will be requested to sign a register and to comply with NASA security requirements, including the presentation of a valid picture ID, before receiving an access badge. Foreign nationals attending this meeting will be required to provide the following information no less than 3 working days prior to the meeting: full name; gender, date/place of birth; citizenship; visa/ green card information (number, type, expiration date); passport information (number, country, expiration date); employer/affiliation information (name of institution, address, country, phone); title/position of attendee. To expedite admittance, attendees with U.S. citizenship can provide identifying information in advance by contacting Ermerdene Lee via e-mail at elee1@hq.nasa.gov or by telephone at (202) 358–4529. It is imperative that the meeting be held on this date to accommodate the scheduling priorities of the key participants. SUPPLEMENTARY INFORMATION: Michael F. O’Brien, Assistant Administrator for External Relations. [FR Doc. 05–6734 Filed 4–5–05; 8:45 am] BILLING CODE 7510–13–P NATIONAL ARCHIVES AND RECORDS ADMINISTRATION Records Schedules; Availability and Request for Comments National Archives and Records Administration (NARA). AGENCY: VerDate jul<14>2003 18:17 Apr 05, 2005 Jkt 205001 Notice of availability of proposed records schedules; request for comments. ACTION: SUMMARY: The National Archives and Records Administration (NARA) publishes notice at least once monthly of certain Federal agency requests for records disposition authority (records schedules). Once approved by NARA, records schedules provide mandatory instructions on what happens to records when no longer needed for current Government business. They authorize the preservation of records of continuing value in the National Archives of the United States and the destruction, after a specified period, of records lacking administrative, legal, research, or other value. Notice is published for records schedules in which agencies propose to destroy records not previously authorized for disposal or reduce the retention period of records already authorized for disposal. NARA invites public comments on such records schedules, as required by 44 U.S.C. 3303a(a). DATES: Requests for copies must be received in writing on or before May 23, 2005. Once the appraisal of the records is completed, NARA will send a copy of the schedule. NARA staff usually prepare appraisal memorandums that contain additional information concerning the records covered by a proposed schedule. These, too, may be requested and will be provided once the appraisal is completed. Requesters will be given 30 days to submit comments. ADDRESSES: You may request a copy of any records schedule identified in this notice by contacting the Life Cycle Management Division (NWML) using one of the following means: Mail: NARA (NWML), 8601 Adelphi Road, College Park, MD 20740–6001. E-mail: records.mgt@nara.gov. FAX: 301–837–3698. Requesters must cite the control number, which appears in parentheses after the name of the agency which submitted the schedule, and must provide a mailing address. Those who desire appraisal reports should so indicate in their request. FOR FURTHER INFORMATION CONTACT: Paul M. Wester, Jr., Director, Life Cycle Management Division (NWML), National Archives and Records Administration, 8601 Adelphi Road, College Park, MD 20740–6001. Telephone: 301–837–3120. E-mail: records.mgt@nara.gov. SUPPLEMENTARY INFORMATION: Each year Federal agencies create billions of records on paper, film, magnetic tape, and other media. To control this PO 00000 Frm 00079 Fmt 4703 Sfmt 4703 accumulation, agency records managers prepare schedules proposing retention periods for records and submit these schedules for NARA’s approval, using the Standard Form (SF) 115, Request for Records Disposition Authority. These schedules provide for the timely transfer into the National Archives of historically valuable records and authorize the disposal of all other records after the agency no longer needs them to conduct its business. Some schedules are comprehensive and cover all the records of an agency or one of its major subdivisions. Most schedules, however, cover records of only one office or program or a few series of records. Many of these update previously approved schedules, and some include records proposed as permanent. No Federal records are authorized for destruction without the approval of the Archivist of the United States. This approval is granted only after a thorough consideration of their administrative use by the agency of origin, the rights of the Government and of private persons directly affected by the Government’s activities, and whether or not they have historical or other value. Besides identifying the Federal agencies and any subdivisions requesting disposition authority, this public notice lists the organizational unit(s) accumulating the records or indicates agency-wide applicability in the case of schedules that cover records that may be accumulated throughout an agency. This notice provides the control number assigned to each schedule, the total number of schedule items, and the number of temporary items (the records proposed for destruction). It also includes a brief description of the temporary records. The records schedule itself contains a full description of the records at the file unit level as well as their disposition. If NARA staff has prepared an appraisal memorandum for the schedule, it too includes information about the records. Further information about the disposition process is available on request. Schedules Pending 1. Department of Education, Office for Civil Rights, (N1–441–05–1, 9 items, 6 temporary items). Civil rights compliance reports submitted by state vocational education agencies, reference copies of electronic master files of elementary and secondary school civil rights surveys, and electronic copies of documents created using electronic mail and word processing. Proposed for permanent retention are such records as E:\FR\FM\06APN1.SGM 06APN1

Agencies

National Aeronautics and Space Administration

[Federal Register Volume 70, Number 65 (Wednesday, April 6, 2005)]
[Notices]
[Pages 17479-17480]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-6734]


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NATIONAL AERONAUTICS AND SPACE ADMINISTRATION

[Notice 05-068]


NASA Advisory Council, Financial Audit Committee, Meeting

AGENCY: National Aeronautics and Space Administration.

ACTION: Notice of meeting.

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SUMMARY: In accordance with the Federal Advisory Committee Act (FACA), 
Pub. L. 92-463, as amended,

[[Page 17480]]

the National Aeronautics and Space Administration announces a 
forthcoming meeting of the NASA Advisory Council (NAC), Financial Audit 
Committee (NFAC).

DATES: Friday, April 22, 2005, 11 a.m. to 3 p.m.

ADDRESSES: National Aeronautics and Space Administration, 300 E Street, 
SW., Room 9H40, Washington, DC 20546.

FOR FURTHER INFORMATION CONTACT: Ms. Ermerdene Lee, of the Chief 
Financial Officer's Office, National Aeronautics and Space 
Administration, Washington, DC 20546. (202) 358-4529, e-mail 
elee1@hq.nasa.gov.

SUPPLEMENTARY INFORMATION: The meeting will be open to the public up to 
the capacity of the room. The agenda for the meeting includes the 
following topics:

--NASA Financial Systems Overview
--NASA Management Material Weaknesses Discussion

    Attendees will be requested to sign a register and to comply with 
NASA security requirements, including the presentation of a valid 
picture ID, before receiving an access badge. Foreign nationals 
attending this meeting will be required to provide the following 
information no less than 3 working days prior to the meeting: full 
name; gender, date/place of birth; citizenship; visa/green card 
information (number, type, expiration date); passport information 
(number, country, expiration date); employer/affiliation information 
(name of institution, address, country, phone); title/position of 
attendee. To expedite admittance, attendees with U.S. citizenship can 
provide identifying information in advance by contacting Ermerdene Lee 
via e-mail at elee1@hq.nasa.gov or by telephone at (202) 358-4529. It 
is imperative that the meeting be held on this date to accommodate the 
scheduling priorities of the key participants.

Michael F. O'Brien,
Assistant Administrator for External Relations.
[FR Doc. 05-6734 Filed 4-5-05; 8:45 am]
BILLING CODE 7510-13-P

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