Determination of the 2006 Fiscal Year Interest Rate on Rural Telephone Bank Loans, 69200-69201 [E6-20255]
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69200
Federal Register / Vol. 71, No. 230 / Thursday, November 30, 2006 / Notices
haul; (8) approximately 124 miles of
herbicide treatment of noxious weeds
along roadsides.
The Lolo National Forest Plan
provides overall guidance for land
management activities in the project
area. The purposes for these actions are
to: (1) Improve water quality, fish
habitat and fish passage. (2) Improve
grizzly bear habitat within the CabinetYaak Grizzly Bear Recovery Zone. (3)
Restore, maintain or enhance native ‘‘at
risk’’ vegetative communities. (4)
Provide for ecological sustainability and
community stability through the use of
forest products. (5) Improve and
maintain big game winter range. (6)
Provide for a transportation system that
better reflects current access and
resource concerns and reduces
economic burdens associated with
maintaining unneeded roads.
Issues currently identified for analysis
in the SEIS include potential effects on
old growth, soils, wildlife (particularly
grizzly bear), water quality, fisheries,
and forest access.
The Forest Service will consider a
range of alternatives. A No Action
alternative and other alternatives, which
respond to significant issues, will be
analyzed and compared to the Draft
SEIS.
The Draft SEIS is expected to be filed
with the Environmental Protection
Agency (EPA) and available for public
review in June 2007. Comments on the
Draft SEIS will be considered and
responded to in the Final SEIS,
scheduled to be completed by October
2007.
The comment period on the draft
environmental impact statement will be
45 days from the date the
Environmental Protection Agency
publishes the notice of availability in
the Federal Register.
The Forest Service believes, at this
early stage, it is important to give
reviewers notice of several court rulings
related to public participation in the
environmental review process. First,
reviewers of draft environmental impact
statements must structure their
participation in the environmental
review of the proposal so that it is
meaningful and alerts an agency to the
reviewer’s position and contentions.
Vermont Yankee Nuclear Power Corp. v.
NRDC, 435 U.S. 519, 553 (1978). Also
environmental objections that could be
raised at the draft environmental impact
statement stage but that are not raised
until after completion of the final
environmental impact statement may be
waived or dismissed by the courts. City
of Angoon v. Hodel, 803 F.2d 1016,
1022 (9th Cir. 1986) and Wisconsin
Heritages, Inc. v. Harris, 490 F. Supp.
VerDate Aug<31>2005
16:44 Nov 29, 2006
Jkt 211001
1334, 1338 (E.D. Wis. 1980). Because of
these court rulings, it is very important
that those interested in this proposed
action participate by the close of the 45day comment period so that substantive
comments and objections are made
available to the Forest Service at a time
when it can meaningfully consider them
and respond to them in the final
environmental impact statement.
To assist the Forest Service in
identifying and considering issues and
concerns on the proposed action,
comments on the draft environmental
impact statement should be as specific
as possible. It is also helpful if
comments refer to specific pages or
chapters of the draft statement.
Comments may also address the
adequacy of the draft environmental
impact statement or the merits of the
alternatives formulated and discussed in
the statement. Reviewers may wish to
refer to the Council on Environmental
Quality Regulations for implementing
the procedural provisions of the
National Environmental Policy Act at 40
CFR 1503.3 in addressing these points.
Responsible Official: Deborah L.R.
Austin, Forest Supervisor, Lolo National
Forest, Building 24—Fort Missoula,
Missoula, MT 59804, is the responsible
official. In making the decision, the
responsible official will consider
comments, responses, disclosure of
environmental consequences, and
applicable laws, regulations, and
policies. The responsible official will
state the rationale for the chosen
alternative in the Record of Decision.
Dated: November 21, 2006.
Deborah L.R. Austin,
Forest Supervisor.
[FR Doc. 06–9462 Filed 11–29–06; 8:45 am]
BILLING CODE 3410–11–M
DEPARTMENT OF AGRICULTURE
Rural Telephone Bank
Determination of the 2006 Fiscal Year
Interest Rate on Rural Telephone Bank
Loans
Rural Telephone Bank, USDA.
Notice of 2006 fiscal year
interest rate determination.
AGENCY:
ACTION:
SUMMARY: In accordance with 7 CFR
1610.10, the Rural Telephone Bank
(Bank) cost of money rate has been
established as 5.49% for all advances
made during fiscal year 2006 (the period
beginning October 1, 2005 and ending
September 30, 2006). All advances made
during fiscal year 2006 were under Bank
loans approved on or after October 1,
PO 00000
Frm 00002
Fmt 4703
Sfmt 4703
1992. These loans are sometimes
referred to as financing account loans.
The calculation of the Bank’s cost of
money rate for fiscal year 2006 is
provided in Table 1. Since the
calculated rate is greater than or equal
to the minimum rate (5.00%) allowed
under 7 U.S.C. 948(b)(3)(A), the cost of
money rate is set at 5.49%. The
methodology required to calculate the
cost of money rates is established in 7
CFR 1610.10(c).
FOR FURTHER INFORMATION CONTACT:
Jonathan P. Claffey, Deputy Assistant
Governor, Rural Telephone Bank, STOP
1590—Room 5151, 1400 Independence
Avenue, SW., Washington, DC 20250–
1590. Telephone: (202) 720–9556.
SUPPLEMENTARY INFORMATION: The cost
of money rate methodology develops a
weighted average rate for the Bank’s cost
of money considering total fiscal year
loan advances, debentures and other
obligations, and the costs to the Bank of
obtaining funds from these sources.
Dissolution of the Bank
At its quarterly meeting on August 4,
2005, the Board of Directors (the
‘‘Board’’) approved a resolution to
dissolve the Bank. On November 10,
2005, the liquidation and dissolution
process was initiated with the signing
by President Bush of the 2006
Agriculture Appropriations bill, which
contained a provision lifting the
restriction on the retirement of more
than 5 percent of the Class A stock held
by the Government.
In accordance with the Board’s
resolution and the terms of the Loan
Transfer Agreement between the Bank
and the Government, dated August 4,
2005, the Bank’s liquidating account
loan portfolio (the portfolio of Bank
loans approved before October 1, 1992)
was transferred to the Government on
October 1, 2005. As a result of that
transfer, there are no more advances of
liquidating account loan funds.
The dissolution of the Bank will not
affect future advances of financing
account loan funds. Requests for
financing account advances will
continue to be processed by employees
of USDA Rural Development’s
Telecommunications Program, just as
they were while the Bank remained in
operation. The terms and conditions of
the financing account loans will not
change, nor will the method for
determining the interest rates, including
the determination of the cost of money
rates after the end of each fiscal year.
The only significant change to the
financing account advances is that
beginning October 1, 2005, Class B stock
in the Bank is no longer being
E:\FR\FM\30NON1.SGM
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Federal Register / Vol. 71, No. 230 / Thursday, November 30, 2006 / Notices
purchased with financing account loan
advances.
Sources and Costs of Funds
for advances from the financing account
is provided in Table 1.
Curtis M. Anderson,
Deputy Governor, Rural Telephone Bank.
BILLING CODE 3410–15–P
[FR Doc. E6–20255 Filed 11–29–06; 8:45 am]
BILLING CODE 3410–15–C
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16:44 Nov 29, 2006
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Sfmt 4703
E:\FR\FM\30NON1.SGM
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EN30NO06.021</GPH>
pwalker on PRODPC60 with NOTICES
Due to the ongoing dissolution of the
Bank, no stock of any kind was issued
during fiscal year 2006. Issuance of
debentures or any other obligations
related to advances from the financing
account during the fiscal year were
$66,496,919 at an interest rate of
5.494%. The Bank’s cost of money rate
69201
]]>Agencies
[Federal Register Volume 71, Number 230 (Thursday, November 30, 2006)]
[Notices]
[Pages 69200-69201]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-20255]
-----------------------------------------------------------------------
DEPARTMENT OF AGRICULTURE
Rural Telephone Bank
Determination of the 2006 Fiscal Year Interest Rate on Rural
Telephone Bank Loans
AGENCY: Rural Telephone Bank, USDA.
ACTION: Notice of 2006 fiscal year interest rate determination.
-----------------------------------------------------------------------
SUMMARY: In accordance with 7 CFR 1610.10, the Rural Telephone Bank
(Bank) cost of money rate has been established as 5.49% for all
advances made during fiscal year 2006 (the period beginning October 1,
2005 and ending September 30, 2006). All advances made during fiscal
year 2006 were under Bank loans approved on or after October 1, 1992.
These loans are sometimes referred to as financing account loans.
The calculation of the Bank's cost of money rate for fiscal year
2006 is provided in Table 1. Since the calculated rate is greater than
or equal to the minimum rate (5.00%) allowed under 7 U.S.C.
948(b)(3)(A), the cost of money rate is set at 5.49%. The methodology
required to calculate the cost of money rates is established in 7 CFR
1610.10(c).
FOR FURTHER INFORMATION CONTACT: Jonathan P. Claffey, Deputy Assistant
Governor, Rural Telephone Bank, STOP 1590--Room 5151, 1400 Independence
Avenue, SW., Washington, DC 20250-1590. Telephone: (202) 720-9556.
SUPPLEMENTARY INFORMATION: The cost of money rate methodology develops
a weighted average rate for the Bank's cost of money considering total
fiscal year loan advances, debentures and other obligations, and the
costs to the Bank of obtaining funds from these sources.
Dissolution of the Bank
At its quarterly meeting on August 4, 2005, the Board of Directors
(the ``Board'') approved a resolution to dissolve the Bank. On November
10, 2005, the liquidation and dissolution process was initiated with
the signing by President Bush of the 2006 Agriculture Appropriations
bill, which contained a provision lifting the restriction on the
retirement of more than 5 percent of the Class A stock held by the
Government.
In accordance with the Board's resolution and the terms of the Loan
Transfer Agreement between the Bank and the Government, dated August 4,
2005, the Bank's liquidating account loan portfolio (the portfolio of
Bank loans approved before October 1, 1992) was transferred to the
Government on October 1, 2005. As a result of that transfer, there are
no more advances of liquidating account loan funds.
The dissolution of the Bank will not affect future advances of
financing account loan funds. Requests for financing account advances
will continue to be processed by employees of USDA Rural Development's
Telecommunications Program, just as they were while the Bank remained
in operation. The terms and conditions of the financing account loans
will not change, nor will the method for determining the interest
rates, including the determination of the cost of money rates after the
end of each fiscal year. The only significant change to the financing
account advances is that beginning October 1, 2005, Class B stock in
the Bank is no longer being
[[Page 69201]]
purchased with financing account loan advances.
Sources and Costs of Funds
Due to the ongoing dissolution of the Bank, no stock of any kind
was issued during fiscal year 2006. Issuance of debentures or any other
obligations related to advances from the financing account during the
fiscal year were $66,496,919 at an interest rate of 5.494%. The Bank's
cost of money rate for advances from the financing account is provided
in Table 1.
Curtis M. Anderson,
Deputy Governor, Rural Telephone Bank.
BILLING CODE 3410-15-P
[GRAPHIC] [TIFF OMITTED] TN30NO06.021
[FR Doc. E6-20255 Filed 11-29-06; 8:45 am]
BILLING CODE 3410-15-C
