Organization; Standards of Conduct and Referral of Known or Suspected Criminal Violations; Loan Policies and Operations; Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations; General Provisions; Definitions; Disclosure to Shareholders; Disclosure to Investors in System-Wide and Consolidated Bank Debt Obligations of the Farm Credit System; Effective Date, 18168-18169 [06-3448]

Download as PDF wwhite on PROD1PC61 with NOTICES 18168 Federal Register / Vol. 71, No. 69 / Tuesday, April 11, 2006 / Rules and Regulations producers and handlers, benefit from the expansion efforts resulting from this program. Inshell hazelnuts produced under the order compete well in export markets because of quality. Based on Board statistics, Europe has historically been the primary export market for U.S. produced inshell hazelnuts. Recent years, though, have seen a significant shift in export destinations. Last season, inshell shipments to Europe totaled 4,304 tons, representing just 22 percent of exports, with the largest share going to Germany. Inshell shipments to Southwest Pacific countries, and Hong Kong in particular, have increased dramatically in the past few years, rising to 68 percent of total exports of 19,881 tons in 2004. The industry continues to pursue export opportunities. There are some reporting, recordkeeping, and other compliance requirements under the order. The reporting and recordkeeping burdens are necessary for compliance purposes and for developing statistical data for maintenance of the program. The information collection requirements have been previously approved by the Office of Management and Budget under OMB No. 0581–0178. The forms require information which is readily available from handler records and which can be provided without data processing equipment or trained statistical staff. 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. This rule does not change those requirements. In addition, USDA has not identified any relevant Federal rules that duplicate, overlap, or conflict with this rule. AMS is committed to compliance with the Government Paperwork Elimination Act (GPEA), which requires Government agencies in general to provide the public the option of submitting information or transacting business electronically to the maximum extent possible. Further, the Board’s meetings were widely publicized throughout the hazelnut industry and all interested persons were invited to attend the meetings and participate in Board deliberations. Like all Board meetings, those held on August 25, and November 15, 2005, were public meetings and all entities, both large and small, were able to express their views on this issue. An interim final rule concerning this action was published in the Federal Register on January 12, 2006. Copies of this rule were mailed by the Board’s staff to all Board members. In addition, VerDate Aug<31>2005 16:30 Apr 10, 2006 Jkt 208001 the rule was made available through the Internet by the Office of the Federal Register. A 60-day comment period ending March 13, 2006, was provided to allow interested parties to respond to the rule. No comments were received. A small business guide on complying with fruit, vegetable, and specialty crop marketing agreements and orders may be viewed at: https://www.ams.usda.gov/ fv/moab.html. Any questions about the compliance guide should be sent to Jay Guerber 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 Board and other available information, it is hereby found that finalizing the interim final rule, without change, as published in the Federal Register (71 FR 1921, January 12, 2006) will tend to effectuate the declared policy of the Act. List of Subjects in 7 CFR Part 982 Filberts, Hazelnuts, Marketing agreements, Nuts, Reporting and recordkeeping requirements. PART 982—HAZELNUTS GROWN IN OREGON AND WASHINGTON Accordingly, the interim final rule amending 7 CFR part 982 which was published at 71 FR 1921 on January 12, 2006, is adopted as a final rule without change. I Dated: April 5, 2006. Lloyd C. Day, Administrator, Agricultural Marketing Service. [FR Doc. 06–3417 Filed 4–10–06; 8:45 am] BILLING CODE 3410–02–P FARM CREDIT ADMINISTRATION 12 CFR Parts 611, 612, 614, 615, 618, 619, 620, and 630 RIN 3052–AC19 Organization; Standards of Conduct and Referral of Known or Suspected Criminal Violations; Loan Policies and Operations; Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations; General Provisions; Definitions; Disclosure to Shareholders; Disclosure to Investors in System-Wide and Consolidated Bank Debt Obligations of the Farm Credit System; Effective Date Farm Credit Administration. Final rule; Announcement of effective date. AGENCY: ACTION: PO 00000 Frm 00008 Fmt 4700 Sfmt 4700 SUMMARY: The Farm Credit Administration (FCA) published a final rule under parts 611, 612, 614, 615, 618, 619, 620, and 630 on February 2, 2006 (71 FR 5740). This final rule amends our regulations affecting the governance of the Farm Credit System (System). The final rule enhances impartiality and disclosure in the election of directors; requires that Farm Credit banks and associations establish policies identifying desirable director qualifications; requires boards to have a director or an advisor who is a financial expert; requires System institutions to establish director training procedures; and ensures that boards conduct annual self-evaluations. The final rule addresses the term of service and removal of outside directors, while requiring all Farm Credit banks and associations with assets over $500 million to have at least two outside directors. The rule also provides associations with small boards an exemption from having at least two outside directors. The rule further requires that Farm Credit banks and associations have nominating committees and that all System institutions have audit and compensation committees. The final rule clarifies the current rule on disclosure of conflicts of interest and compensation. The final rule does not apply to the Federal Agricultural Mortgage Corporation (FAMC). In accordance with 12 U.S.C. 2252, the effective date of the final rule is 30 days from the date of publication in the Federal Register during which either or both Houses of Congress are in session. Based on the records of the sessions of Congress, the effective date of the regulation is April 5, 2006. DATES: Effective Date: The regulation amending 12 CFR parts 611, 612, 614, 615, 618, 619, 620, and 630 published on February 2, 2006 (71 FR 5740) is effective April 5, 2006, except for the amendments to §§ 611.210(a)(2), 611.220(a)(2)(i) and (ii), 611.325, and 620.21(d)(2) which will be effective April 5, 2007. A reminder of the effective date for these sections will be published at a later date. Compliance Date: Compliance with board composition requirements (§§ 611.210(a)(2) and 611.220(a)(2)(i) and (ii)) and establishment of bank nominating committees (§§ 611.325 and 620.21(d)(2)) must be achieved 1 year from the effective date of this rule. All other provisions require compliance on the effective date of this rule. FOR FURTHER INFORMATION CONTACT: Gary Van Meter, Deputy Director, Office of Regulatory Policy, Farm Credit E:\FR\FM\11APR1.SGM 11APR1 Federal Register / Vol. 71, No. 69 / Tuesday, April 11, 2006 / Rules and Regulations Administration, McLean, VA 22102– 5090, (703) 883–4232, TTY (703) 883– 4434; or Laura D. McFarland, Senior Attorney, Office of General Counsel, Farm Credit Administration, McLean, VA 22102–5090, (703) 883–4020, TTY (703) 883–4020. (12 U.S.C. 2252(a)(9) and (10)) Dated: April 5, 2006. Roland E. Smith, Secretary, Farm Credit Administration Board. [FR Doc. 06–3448 Filed 4–10–06; 8:45 am] BILLING CODE 6705–01–P DEPARTMENT OF TRANSPORTATION Federal Aviation Administration 14 CFR Part 25 [Docket No. NM305; Special Conditions No. 25–316–SC] Special Conditions: Airbus Model A380–800 Airplane; Dynamic Braking, Interaction of Systems And Structures, Limit Pilot Forces, Side Stick Controllers, Dive Speed Definition, Electronic Flight Control SystemLateral-Directional Stability, Longitudinal Stability, And Low Energy Awareness, Electronic Flight Control System-Control Surface Awareness, Electronic Flight Control System-Flight Characteristics Compliance Via the Handling Qualities Rating Method, Flight Envelope Protection-General Limiting Requirements, Flight Envelope Protection-Normal Load Factor (G) Limiting, Flight Envelope Protection-High Speed Limiting, Flight Envelope Protection-Pitch And Roll Limiting, Flight Envelope ProtectionHigh Incidence Protection and AlphaFloor Systems, High Intensity Radiated Fields (HIRF) Protection, and Operation Without Normal Electrical Power Federal Aviation Administration (FAA), DOT. ACTION: Final Special Conditions. AGENCY: These Special Conditions are issued for the Airbus A380–800 airplane. This airplane will have novel or unusual design features when compared to the state of technology envisioned in the airworthiness standards for transport category airplanes. These design features include side stick controllers, a body landing gear in addition to conventional wing and nose landing gears, electronic flight control systems, and flight envelope protection. These Special Conditions also pertain to the effects of such novel or unusual design features, such as their wwhite on PROD1PC61 with NOTICES SUMMARY: VerDate Aug<31>2005 15:47 Apr 10, 2006 Jkt 208001 effects on the structural performance of the airplane. Finally, the Special Conditions pertain to the effects of certain conditions on these novel or unusual design features, such as the effects of high intensity radiated fields (HIRF) or of operation without normal electrical power. Additional Special Conditions will be issued for other novel or unusual design features of the Airbus A380–800 airplanes. A list is provided in the section of this document entitled ‘‘Discussion of Novel or Unusual Design Features.’’ EFFECTIVE DATE: March 30, 2006. FOR FURTHER INFORMATION CONTACT: Holly Thorson, FAA, International Branch, ANM–116, Transport Airplane Directorate, Aircraft Certification Service, 1601 Lind Avenue, SW., Renton, Washington 98055–4056; telephone (425) 227–1357; facsimile (425) 227–1149. SUPPLEMENTARY INFORMATION Background Airbus applied for FAA certification/ validation of the provisionallydesignated Model A3XX–100 in its letter AI/L 810.0223/98, dated August 12, 1998, to the FAA. Application for certification by the Joint Aviation Authorities (JAA) of Europe had been made on January 16, 1998, reference AI/ L 810.0019/98. In its letter to the FAA, Airbus requested an extension to the 5year period for type certification in accordance with 14 CFR 21.17(c). The request was for an extension to a 7-year period, using the date of the initial application letter to the JAA as the reference date. The reason given by Airbus for the request for extension is related to the technical challenges, complexity, and the number of new and novel features on the airplane. On November 12, 1998, the Manager, Aircraft Engineering Division, AIR–100, granted Airbus’ request for the 7-year period based on the date of application to the JAA. In its letter AI/LE–A 828.0040/99 Issue 3, dated July 20, 2001, Airbus stated that its target date for type certification of the Model A380–800 had been moved from May 2005, to January 2006, to match the delivery date of the first production airplane. In a subsequent letter (AI/L 810.0223/98 issue 3, dated January 27, 2006), Airbus stated that its target date for type certification is October 2, 2006. In accordance with 14 CFR 21.17(d)(2), Airbus chose a new application date of December 20, 1999, and requested that the 7-year certification period which had already been approved be continued. The FAA has reviewed the PO 00000 Frm 00009 Fmt 4700 Sfmt 4700 18169 part 25 certification basis for the Model A380–800 airplane, and no changes are required based on the new application date. The Model A380–800 airplane will be an all-new, four-engine jet transport airplane with a full double-deck, twoaisle cabin. The maximum takeoff weight will be 1.235 million pounds with a typical three-class layout of 555 passengers. Type Certification Basis Under the provisions of 14 CFR 21.17, Airbus must show that the Model A380– 800 airplane meets the applicable provisions of 14 CFR part 25, as amended by Amendments 25–1 through 25–98. If the Administrator finds that the applicable airworthiness regulations do not contain adequate or appropriate safety standards for the Airbus A380– 800 airplane because of novel or unusual design features, Special Conditions are prescribed under the provisions of 14 CFR 21.16. In addition to the applicable airworthiness regulations and Special Conditions, the Airbus Model A380–800 airplane must comply with the fuel vent and exhaust emission requirements of 14 CFR part 34 and the noise certification requirements of 14 CFR part 36. In addition, the FAA must issue a finding of regulatory adequacy pursuant to section 611 of Public Law 93–574, the ‘‘Noise Control Act of 1972.’’ Special Conditions, as defined in 14 CFR 11.19, are issued in accordance with 14 CFR 11.38 and become part of the type certification basis in accordance with 14 CFR 21.17(a)(2). Special Conditions are initially applicable to the model for which they are issued. Should the type certificate for that model be amended later to include any other model that incorporates the same novel or unusual design feature, the Special Conditions would also apply to the other model under the provisions of 14 CFR 21.101. Discussion of Novel or Unusual Design Features The Airbus A380–800 airplane will incorporate a number of novel or unusual design features. Because of rapid improvements in airplane technology, the applicable airworthiness regulations do not contain adequate or appropriate safety standards for these design features. These Special Conditions for Airbus Model A380 contain the additional safety standards that the Administrator considers necessary to establish a level of safety equivalent to that established by the existing airworthiness standards. E:\FR\FM\11APR1.SGM 11APR1

Agencies

[Federal Register Volume 71, Number 69 (Tuesday, April 11, 2006)]
[Rules and Regulations]
[Pages 18168-18169]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 06-3448]


=======================================================================
-----------------------------------------------------------------------

FARM CREDIT ADMINISTRATION

12 CFR Parts 611, 612, 614, 615, 618, 619, 620, and 630

RIN 3052-AC19


Organization; Standards of Conduct and Referral of Known or 
Suspected Criminal Violations; Loan Policies and Operations; Funding 
and Fiscal Affairs, Loan Policies and Operations, and Funding 
Operations; General Provisions; Definitions; Disclosure to 
Shareholders; Disclosure to Investors in System-Wide and Consolidated 
Bank Debt Obligations of the Farm Credit System; Effective Date

AGENCY: Farm Credit Administration.

ACTION: Final rule; Announcement of effective date.

-----------------------------------------------------------------------

SUMMARY: The Farm Credit Administration (FCA) published a final rule 
under parts 611, 612, 614, 615, 618, 619, 620, and 630 on February 2, 
2006 (71 FR 5740). This final rule amends our regulations affecting the 
governance of the Farm Credit System (System). The final rule enhances 
impartiality and disclosure in the election of directors; requires that 
Farm Credit banks and associations establish policies identifying 
desirable director qualifications; requires boards to have a director 
or an advisor who is a financial expert; requires System institutions 
to establish director training procedures; and ensures that boards 
conduct annual self-evaluations. The final rule addresses the term of 
service and removal of outside directors, while requiring all Farm 
Credit banks and associations with assets over $500 million to have at 
least two outside directors. The rule also provides associations with 
small boards an exemption from having at least two outside directors. 
The rule further requires that Farm Credit banks and associations have 
nominating committees and that all System institutions have audit and 
compensation committees. The final rule clarifies the current rule on 
disclosure of conflicts of interest and compensation. The final rule 
does not apply to the Federal Agricultural Mortgage Corporation (FAMC). 
In accordance with 12 U.S.C. 2252, the effective date of the final rule 
is 30 days from the date of publication in the Federal Register during 
which either or both Houses of Congress are in session. Based on the 
records of the sessions of Congress, the effective date of the 
regulation is April 5, 2006.

DATES: Effective Date: The regulation amending 12 CFR parts 611, 612, 
614, 615, 618, 619, 620, and 630 published on February 2, 2006 (71 FR 
5740) is effective April 5, 2006, except for the amendments to 
Sec. Sec.  611.210(a)(2), 611.220(a)(2)(i) and (ii), 611.325, and 
620.21(d)(2) which will be effective April 5, 2007. A reminder of the 
effective date for these sections will be published at a later date.
    Compliance Date: Compliance with board composition requirements 
(Sec. Sec.  611.210(a)(2) and 611.220(a)(2)(i) and (ii)) and 
establishment of bank nominating committees (Sec. Sec.  611.325 and 
620.21(d)(2)) must be achieved 1 year from the effective date of this 
rule. All other provisions require compliance on the effective date of 
this rule.

FOR FURTHER INFORMATION CONTACT: Gary Van Meter, Deputy Director, 
Office of Regulatory Policy, Farm Credit

[[Page 18169]]

Administration, McLean, VA 22102-5090, (703) 883-4232, TTY (703) 883-
4434; or Laura D. McFarland, Senior Attorney, Office of General 
Counsel, Farm Credit Administration, McLean, VA 22102-5090, (703) 883-
4020, TTY (703) 883-4020.

(12 U.S.C. 2252(a)(9) and (10))

    Dated: April 5, 2006.
Roland E. Smith,
Secretary, Farm Credit Administration Board.
[FR Doc. 06-3448 Filed 4-10-06; 8:45 am]
BILLING CODE 6705-01-P
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