Change in Discount Rate for Water Resources Planning, 64669 [E7-22427]

Download as PDF Federal Register / Vol. 72, No. 221 / Friday, November 16, 2007 / Notices information from public review, we cannot guarantee that we will be able to do so. Any adverse comments will be reviewed by the Taos Field Manager, who may sustain, vacate or modify this realty action. In the absence of any objects, or adverse comments, this proposed realty action will become final determination of the Department of the Interior. Dated: November 9, 2007. Sam DesGeorges, Taos Field Office Manager. [FR Doc. E7–22438 Filed 11–15–07; 8:45 am] BILLING CODE 4310–OW–P DEPARTMENT OF THE INTERIOR 4.9229 percent. This average value is then rounded to the nearest one-eighth of a point, resulting in 4.875 percent. The rate therefore remains unchanged from fiscal year 2007. The rate of 4.875 percent shall be used by all Federal agencies in the formulation and evaluation of water and related land resources plans for the purpose of discounting future benefits and computing costs or otherwise converting benefits and costs to a common-time basis. Dated: October 24, 2007. Roseann Gonzales, Director, Office of Program and Policy Services, Denver Office. [FR Doc. E7–22427 Filed 11–15–07; 8:45 am] BILLING CODE 4310–MN–P Bureau of Reclamation Change in Discount Rate for Water Resources Planning DEPARTMENT OF JUSTICE Bureau of Reclamation, Interior. ACTION: Notice of Change. Notice of Lodging of Consent Decree Pursuant to the Comprehensive Environmental Response, Compensation and Liability Act AGENCY: SUMMARY: The Water Resources Planning Act of 1965 and the Water Resources Development Act of 1974 require an annual determination of a discount rate for Federal water resources planning. The discount rate for Federal water resources planning for fiscal year 2008 is 4.875 percent. Discounting is to be used to convert future monetary values to present values. This discount rate is to be used for the period October 1, 2007, through and including September 30, 2008. FOR FURTHER INFORMATION CONTACT: Sandra Simons, Contract Services Office, Denver, Colorado 80225; telephone: 303–445–2902. SUPPLEMENTARY INFORMATION: Notice is hereby given that the interest rate to be used by Federal agencies in the formulation and evaluation of plans for water and related land resources is 4.875 percent for fiscal year 2008. This rate has been computed in accordance with Section 80(a), Pub. L. 93–251 (88 Stat. 34) and 18 CFR 704.39, which: (1) Specify that the rate shall be based upon the average yield during the preceding fiscal year on interest-bearing marketable securities of the United States which, at the time the computation is made, have terms of 15 years or more remaining to maturity (average yield is rounded to nearest oneeighth percent); and (2) provide that the rate shall not be raised or lowered more than one-quarter of 1 percent for any year. The Treasury Department calculated the specified average to be mstockstill on PROD1PC66 with NOTICES DATES: VerDate Aug<31>2005 21:48 Nov 15, 2007 Jkt 214001 Notice is hereby given that on October 30, 2007, a proposed consent decree in United States v. Belle Tire Distr., Inc., et al., No. 06cv0816, was lodged with the United States District Court for the Western District of Michigan. In this cost recovery action brought pursuant to the Comprehensive Environmental Response, Compensation and Liability Act, 42 U.S.C. 9607, the United States sought recovery of unreimbursed past response costs and prejudgment interest incurred by the United States Environmental Protection Agency for a removal action at the Carl’s Tire Retreading Site near Grown in Grand Traverse County, Michigan. Under the proposed consent decree, ten defendants that each contributed less than 2% of the total waste to the Site will pay a total of $219,425.24 to the Hazardous Substance Superfund. The Department of Justice will accept comments relating to the proposed consent decree for a period of thirty (30) days from the date of publication of this notice. Comments should be addressed to the Assistant Attorney General, Environment and Natural Resources Division, and mailed either electronically to pubcommentees.enrd@usdoj.gov or in hard copy to P.O. Box 7611, U.S. Department of Justice, Washington, DC 20044–7611. Comments should refer to United States v. Belle Tire Distr., Inc., et al., Case No. 06cv0816 (W.D. Mich.) and D.J. Reference No. 90–11–09026. The proposed consent decree may be examined at: (1) The Office of the PO 00000 Frm 00096 Fmt 4703 Sfmt 4703 64669 United States Attorney for the Western District of Michigan, 330 Iona Avenue, Suite 501, Grand Rapids, Michigan 49503, (616) 456–2404; and (2) the United States Environmental Protection Agency (Region 5), 77 West Jackson Boulevard, Chicago, Illinois 60604–3590 (contact Steven P. Kaiser (312–353– 3804)). During the comment period, the proposed consent decree may also be examined on the following Department of Justice Web site: https:// www.usdoj.gov/enrd/ Consent_Decree.html. A copy of the proposed consent decree may also be obtained by mail from the Department of Justice Consent Decree Library, P.O. Box 7611, Washington, DC 20044–7611 or by faxing or e-mailing a request to Tonia Fleetwood (tonia.fleetwood@usdoj.gov), fax no. (202) 514–0097, phone confirmation number (202) 514–1547. In requesting a copy from the Consent Decree Library, please refer to the referenced case and D.J. Reference No. 90–11–3–09026, and enclose a check in the amount of $6.50 for the consent decree (26 pages at 25 cents per page reproduction costs), made payable to the U.S. Treasury. William D. Brighton, Assistant Chief, Environmental Enforcement Section, Environment and Natural Resources Division. [FR Doc. 07–5692 Filed 11–15–07; 8:45 am] BILLING CODE 4410–15–M DEPARTMENT OF JUSTICE Notice of Lodging of Consent Decree Under the Comprehensive Environmental Response, Compensation, and Liability Act Notice is hereby given that on October 31, 2007, a proposed Consent Decree in United States v. Hercules Incorporated, Civil Action No. 2:07cv87 was lodged with the United States District Court for the Northern District of West Virginia. In this action the United States sought to recover costs incurred in responding to the release or threatened release of hazardous substances into the environment at or from the Allegany Ballistics Lab Site, a U.S. Navy-owned facility in Mineral County, West Virginia. The Consent Decree requires that Hercules Incorporated pay the United States $12.95 million. In exchange, Hercules will receive contribution protection and a release from liability for additional environmental cleanup costs or cleanup work, subject to certain exceptions and limitations. The Department of Justice will receive comments relating to the Consent E:\FR\FM\16NON1.SGM 16NON1

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[Federal Register Volume 72, Number 221 (Friday, November 16, 2007)]
[Notices]
[Page 64669]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-22427]


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DEPARTMENT OF THE INTERIOR

Bureau of Reclamation


Change in Discount Rate for Water Resources Planning

AGENCY: Bureau of Reclamation, Interior.

ACTION: Notice of Change.

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

SUMMARY: The Water Resources Planning Act of 1965 and the Water 
Resources Development Act of 1974 require an annual determination of a 
discount rate for Federal water resources planning. The discount rate 
for Federal water resources planning for fiscal year 2008 is 4.875 
percent. Discounting is to be used to convert future monetary values to 
present values.

DATES: This discount rate is to be used for the period October 1, 2007, 
through and including September 30, 2008.

FOR FURTHER INFORMATION CONTACT: Sandra Simons, Contract Services 
Office, Denver, Colorado 80225; telephone: 303-445-2902.

SUPPLEMENTARY INFORMATION: Notice is hereby given that the interest 
rate to be used by Federal agencies in the formulation and evaluation 
of plans for water and related land resources is 4.875 percent for 
fiscal year 2008.
    This rate has been computed in accordance with Section 80(a), Pub. 
L. 93-251 (88 Stat. 34) and 18 CFR 704.39, which: (1) Specify that the 
rate shall be based upon the average yield during the preceding fiscal 
year on interest-bearing marketable securities of the United States 
which, at the time the computation is made, have terms of 15 years or 
more remaining to maturity (average yield is rounded to nearest one-
eighth percent); and (2) provide that the rate shall not be raised or 
lowered more than one-quarter of 1 percent for any year. The Treasury 
Department calculated the specified average to be 4.9229 percent. This 
average value is then rounded to the nearest one-eighth of a point, 
resulting in 4.875 percent. The rate therefore remains unchanged from 
fiscal year 2007.
    The rate of 4.875 percent shall be used by all Federal agencies in 
the formulation and evaluation of water and related land resources 
plans for the purpose of discounting future benefits and computing 
costs or otherwise converting benefits and costs to a common-time 
basis.

    Dated: October 24, 2007.
Roseann Gonzales,
Director, Office of Program and Policy Services, Denver Office.
 [FR Doc. E7-22427 Filed 11-15-07; 8:45 am]
BILLING CODE 4310-MN-P
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