Midtown TDR Ventures LLC-Acquisition Exemption-American Premier Underwriters, Inc., The Owasco River Railway, Inc., and American Financial Group, Inc., 71026-71027 [E6-20655]

Download as PDF sroberts on PROD1PC70 with NOTICES 71026 Federal Register / Vol. 71, No. 235 / Thursday, December 7, 2006 / Notices Estimated annual cost to the 5% of RV manufacturers that are not RVIA members to procure or produce motor home load carrying capacity labels and RV trailer cargo carrying capacity labels: Estimated cost to produce labels = $0.15/RV. Approximately 419,500 RVs shipped in 2005. It is estimated that 5%, or 20,975 RVs/ year, currently do not voluntarily display CCC information, as their manufacturers are not members of RVIA. 20,975 RVs/year × $0.15/RV = $3,146/ year. Estimated annual hour burden to the 5% of RV manufacturers that are not RVIA members to install motor home load carrying capacity labels and RV trailer cargo carrying capacity labels: Estimated labor hours to install labels = .02 hours/RV. Approximately 419,500 RVs shipped in 2005. It is estimated that 5%, or 20,975 RVs/ year, currently do not voluntarily display CCC information, as their manufacturers are not members of RVIA. 20,975 RVs/year × .02 hours/RV = 420 hours/year. Estimated annual cost to RV manufacturers to procure or produce the load carrying capacity modification labels when necessary: Estimated cost to procure or produce labels = $0.05/RV. Approximately 419,500 RVs shipped in 2005. An estimated 25%, or 104,875 RVs/ year, will receive the CCC modification label. 104,875 RVs/year × $0.05/RV = $5,245/year. Estimated annual hour burden to RV manufacturers to install the load carrying capacity modification labels when necessary: Estimated labor hours to install labels = .02 hours/RV. Approximately 419,500 RVs shipped in 2005. An estimated 25%, or 104,875 RVs/ year, will receive the CCC modification label. 104,875 RVs/year × .02 hours/RV = 2,098 hours/year. Estimated annual cost to light vehicle manufacturers to procure or produce the load carrying capacity modification labels when necessary: Estimated cost to procure or produce labels = $0.05/light vehicle. Approximately 17,000,000 light vehicles shipped in 2005. An estimated 1%, or 170,000 light vehicles/year, will receive the CCC modification label. VerDate Aug<31>2005 17:29 Dec 06, 2006 Jkt 211001 170,000 light vehicles/year × $0.05/ light vehicle = $8,500/year. Estimated annual hour burden to light vehicle manufacturers to insert values and install the load carrying capacity modification labels when necessary/ desired: Estimated labor hours to install labels = .02 hours/light vehicle. Approximately 17,000,000 light vehicles shipped in 2005. An estimated 1%, or 170,000 light vehicles/year, will receive the CCC modification label. 170,000 light vehicles/year × .02 hours/light vehicle = 3,400 hours/year. Total estimated Annual Burden: 9,274 hours. Number of Respondents: 99. Comments are invited on: whether the proposed collection of information is necessary for the proper performance of the functions of the Department, including whether the information will have practical utility; the accuracy of the Department’s estimate of the burden of the proposed information collection; ways to enhance the quality, utility and clarity of the information to be collected; and ways to minimize the burden of the collection of information on respondents, including the use of automated collection techniques or other forms of information technology. Issued on: December 1, 2006. Stephen R. Kratzke, Associate Administrator for Rulemaking. [FR Doc. 06–9560 Filed 12–6–06; 8:45 am] BILLING CODE 4910–59–M DEPARTMENT OF TRANSPORTATION Surface Transportation Board [STB Finance Docket No. 34953] Midtown TDR Ventures LLC— Acquisition Exemption—American Premier Underwriters, Inc., The Owasco River Railway, Inc., and American Financial Group, Inc. Midtown TDR Ventures LLC, a noncarrier, filed a notice of exemption under 49 CFR 1150.31 to acquire 156 miles of rail line and certain assets related to Grand Central Terminal in New York City (collectively, Properties) from American Premier Underwriters, Inc. (APU), a noncarrier, APU’s wholly owned subsidiary, The Owasco River Railway, Inc., a noncarrier, and APU’s parent, American Financial Group, Inc., a noncarrier, (collectively, Sellers). The acquired rail line, referred to as the ‘‘Harlem-Hudson Line,’’ extends from milepost 0.0 at Grand Central Terminal in New York City to milepost 5.2 at Mott PO 00000 Frm 00081 Fmt 4703 Sfmt 4703 Junction, thereafter, diverging in two directions, with one line running north to milepost 75.7 at Poughkeepsie, NY, and a second line proceeding east to milepost 11.8 at Woodlawn Junction, then north to milepost 82.0 at Wassaic, NY. Midtown will acquire a fee simple interest in the Properties, subject to an existing long-term lease to Metropolitan Transportation Authority (MTA), which grants MTA exclusive control over the Harlem-Hudson Line (MTA lease).1 Midtown indicates that it will not provide any transportation services or acquire a common carrier obligation to provide freight rail service on the Properties.2 Freight rail service over the HarlemHudson Line is provided pursuant to trackage rights agreements MTA has entered into with CSX Transportation, Inc. (CSXT), and the Delaware and Hudson Railway Company, Inc. (D&H). Midtown indicates that, like the MTA lease, the CSXT and D&H trackage rights agreements will remain in place following the consummation of the proposed transaction, and will be unaffected by this transaction. Midtown certifies that its projected annual freight revenues as a result of this transaction will not exceed $5 million, and will not result in the creation of a Class II or Class I rail carrier. If the verified notice contains false or misleading information, the exemption is void ab initio. Petitions to revoke the exemption under 49 U.S.C. 10502(d) may be filed at any time. The filing of a petition to revoke will not automatically stay the transaction. An original and 10 copies of all pleadings, referring to STB Finance Docket No. 34953, must be filed with the Surface Transportation Board, 1925 K Street, NW., Washington, DC 20423– 0001. In addition, a copy of each pleading must be served on George W. Mayo, Jr., Hogan & Hartson LLP, 555 Thirteenth Street, NW., Washington, DC 20004–1109. Board decisions and notices are available on our Web site at http:// www.stb.dot.gov. Decided: November 30, 2006. 1 The MTA lease term expires on February 28, 2274. MTA uses the Harlem-Hudson Line to provide commuter service through its subsidiary, Metro-North Commuter Railroad Company. 2 Simultaneously with the filing of this notice, Midtown has filed a motion to dismiss the notice of exemption in this proceeding, arguing that the Board lacks jurisdiction over the proposal. The motion will be addressed in a subsequent Board decision. E:\FR\FM\07DEN1.SGM 07DEN1 Federal Register / Vol. 71, No. 235 / Thursday, December 7, 2006 / Notices By the Board, David M. Konschnik, Director, Office of Proceedings. Vernon A. Williams, Secretary. [FR Doc. E6–20655 Filed 12–6–06; 8:45 am] BILLING CODE 4915–01–P DEPARTMENT OF THE TREASURY Submission for OMB Review; Comment Request December 1, 2006. The Department of the Treasury has submitted the following public information collection requirement(s) to OMB for review and clearance under the Paperwork Reduction Act of 1995, Public Law 104–13. Copies of the submission(s) may be obtained by calling the Treasury Bureau Clearance Officer listed. Comments regarding this information collection should be addressed to the OMB reviewer listed and to the Treasury Department Clearance Officer, Department of the Treasury, Room 11000, 1750 Pennsylvania Avenue, NW., Washington, DC 20220. Dates: Written comments should be received on or before January 8, 2007 to be assured of consideration. sroberts on PROD1PC70 with NOTICES Internal Revenue Service (IRS) OMB Number: 1545–1550. Type of Review: Extension. Title: Notice 97–45, Highly Compensated Employee Definition. Description: This notice provides guidance on the definition of a highly compensated employee within the meaning of section 414(q) of the Internal Revenue Code as simplified by section 1431 of the Small Business Job Protection Act of 1996, including an employer’s option to make a top-paid group election under section 414(q)(1)(B)(ii). Respondents: Businesses and other for-profit institutions. Estimated Total Burden Hours: 65,605 hours. OMB Number: 1545–1849. Type of Review: Extension. Title: Employer/Payer Information. Form: 13460. Description: Form 13460 is used to assist filer’s who have under-reporter or correction issues. Also, this form expedites research of filer’s problems. Respondents: Businesses and other for-profit institutions. Estimated Total Burden Hours: 50 hours. OMB Number: 1545–0002. Title: Employee Representative’s Quarterly Railroad Tax Return. VerDate Aug<31>2005 17:29 Dec 06, 2006 Jkt 211001 Type of Review: Extension. Form: CT–2. Description: Employee representatives file Form CT–2 quarterly to report compensation on which railroad retirement taxes are due. IRS uses this information to ensure that employee representatives have paid the correct tax. Form CT–2 also transmits the tax payment. Respondents: Individuals or households. Estimated Total Burden Hours: 127 hours OMB Number: 1545–1858. Title: Notice 2003–67, Notice on Information Reporting for Payments in Lieu of Dividends. Type of Review: Extension. Description: This notice provides guidance to brokers and individuals regarding provisions in the Jobs and Growth Tax Relief Reconciliation Act of 2003. The notice provides rules for brokers to use in determining loanable shares and rules for allocating transferred shares for purposes of determining payments in lieu of dividend reportable to individuals. These rules require brokers to comply with certain recordkeeping requirements to use the favorable rules for determining loanable shares and for allocating transferred shares that may give rise to payments in lieu of dividends. Respondents: Businesses and other for-profit institutions. Estimated Total Burden Hours: 60,000 hours. OMB Number: 1545–0135. Title: Extension of Time for Payment of Taxes by a Corporation Expecting a Net Operating Loss Carryback. Form: 1138. Type of Review: Extension. Description: Form 1138 is filed by corporations to request an extension of time to pay their income taxes, including estimated taxes. Corporations may only file for an extension when they expect a net operating loss carryback in the tax year and want to delay the payment of taxes from a prior tax year. Respondents: Businesses and other for-profit institutions. Estimated Total Burden Hours: 9,800 hours. OMB Number: 1545–1573. Title: REG–130477–00; REG–130481– 00 (Final), Required Distributions from Retirement Plans. Type of Review: Extension. Description: The regulation permits a taxpayer to name a trust as the beneficiary of the employee’s benefit under a retirement plan and use the life PO 00000 Frm 00082 Fmt 4703 Sfmt 4703 71027 expectancies of the beneficiaries of the trust to determine the required minimum distribution, if certain conditions are satisfied. Respondents: Individuals or households. Estimated Total Burden Hours: 333 hours. OMB Number: 1545–1694. Title: Revenue Ruling 2000–35 Automatic Enrollment in Section 403(b) Plans. Type of Review: Extension. Description: Revenue Ruling 2000–35 describes certain criteria that must be met before an employee’s compensation can be reduced and contributed to an employer’s section 403(b) plan in the absence of an affirmative election by the employee. Respondents: State, local or tribal governments. Estimated Total Burden Hours: 175 hours. Clearance Officer: Glenn P. Kirkland, (202) 622–3428, Internal Revenue Service, Room 6516, 1111 Constitution Avenue, NW., Washington, DC 20224. OMB Reviewer: Alexander T. Hunt, (202) 395–7316, Office of Management and Budget, Room 10235, New Executive Office Building, Washington, DC 20503. Robert Dahl, Treasury PRA Clearance Officer. [FR Doc. E6–20769 Filed 12–6–06; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Financial Crimes Enforcement Network; Bank Secrecy Act Advisory Group; Solicitation of Application for Membership AGENCY: Financial Crimes Enforcement Network (FinCEN), Treasury. ACTION: Notice. SUMMARY: FinCEN is inviting the public to nominate financial organizations and trade groups for membership on the Bank Secrecy Act Advisory Group. New members will be selected for three-year membership terms. DATES: Nominations must be received by January 8, 2007. ADDRESSES: Applications may be mailed (not sent by facsimile) to Regulatory Policy and Programs Division, Financial Crimes Enforcement Network, P.O. BOX 39, Vienna, VA 22183 or e-mailed to: BSAAG@fincen.gov. FOR FUTHER INFORMATION CONTACT: Yesenia Armijo, Regulatory Policy Specialist at 202–354–6400. E:\FR\FM\07DEN1.SGM 07DEN1

Agencies

[Federal Register Volume 71, Number 235 (Thursday, December 7, 2006)]
[Notices]
[Pages 71026-71027]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-20655]


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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[STB Finance Docket No. 34953]


Midtown TDR Ventures LLC--Acquisition Exemption--American Premier 
Underwriters, Inc., The Owasco River Railway, Inc., and American 
Financial Group, Inc.

    Midtown TDR Ventures LLC, a noncarrier, filed a notice of exemption 
under 49 CFR 1150.31 to acquire 156 miles of rail line and certain 
assets related to Grand Central Terminal in New York City 
(collectively, Properties) from American Premier Underwriters, Inc. 
(APU), a noncarrier, APU's wholly owned subsidiary, The Owasco River 
Railway, Inc., a noncarrier, and APU's parent, American Financial 
Group, Inc., a noncarrier, (collectively, Sellers). The acquired rail 
line, referred to as the ``Harlem-Hudson Line,'' extends from milepost 
0.0 at Grand Central Terminal in New York City to milepost 5.2 at Mott 
Junction, thereafter, diverging in two directions, with one line 
running north to milepost 75.7 at Poughkeepsie, NY, and a second line 
proceeding east to milepost 11.8 at Woodlawn Junction, then north to 
milepost 82.0 at Wassaic, NY.
    Midtown will acquire a fee simple interest in the Properties, 
subject to an existing long-term lease to Metropolitan Transportation 
Authority (MTA), which grants MTA exclusive control over the Harlem-
Hudson Line (MTA lease).\1\ Midtown indicates that it will not provide 
any transportation services or acquire a common carrier obligation to 
provide freight rail service on the Properties.\2\
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    \1\ The MTA lease term expires on February 28, 2274. MTA uses 
the Harlem-Hudson Line to provide commuter service through its 
subsidiary, Metro-North Commuter Railroad Company.
    \2\ Simultaneously with the filing of this notice, Midtown has 
filed a motion to dismiss the notice of exemption in this 
proceeding, arguing that the Board lacks jurisdiction over the 
proposal. The motion will be addressed in a subsequent Board 
decision.
---------------------------------------------------------------------------

    Freight rail service over the Harlem-Hudson Line is provided 
pursuant to trackage rights agreements MTA has entered into with CSX 
Transportation, Inc. (CSXT), and the Delaware and Hudson Railway 
Company, Inc. (D&H). Midtown indicates that, like the MTA lease, the 
CSXT and D&H trackage rights agreements will remain in place following 
the consummation of the proposed transaction, and will be unaffected by 
this transaction.
    Midtown certifies that its projected annual freight revenues as a 
result of this transaction will not exceed $5 million, and will not 
result in the creation of a Class II or Class I rail carrier.
    If the verified notice contains false or misleading information, 
the exemption is void ab initio. Petitions to revoke the exemption 
under 49 U.S.C. 10502(d) may be filed at any time. The filing of a 
petition to revoke will not automatically stay the transaction.
    An original and 10 copies of all pleadings, referring to STB 
Finance Docket No. 34953, must be filed with the Surface Transportation 
Board, 1925 K Street, NW., Washington, DC 20423-0001. In addition, a 
copy of each pleading must be served on George W. Mayo, Jr., Hogan & 
Hartson LLP, 555 Thirteenth Street, NW., Washington, DC 20004-1109.
    Board decisions and notices are available on our Web site at http:/
/www.stb.dot.gov.

    Decided: November 30, 2006.


[[Page 71027]]


    By the Board, David M. Konschnik, Director, Office of 
Proceedings.
Vernon A. Williams,
Secretary.
 [FR Doc. E6-20655 Filed 12-6-06; 8:45 am]
BILLING CODE 4915-01-P