Commercial Driver's License Testing and Commercial Learner's Permit Standards; Extension of Comment Period, 32520 [E8-12876]
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Federal Register / Vol. 73, No. 111 / Monday, June 9, 2008 / Proposed Rules
PART 260—[AMENDED]
§ 260.23 Form and content of application
generally.
1. The authority citation for part 260
continues to read as follows:
*
Authority: 45 U.S.C. 821, 822, 823; 49 CFR
1.49.
2. Revise section 260.21 to read as
follows:
jlentini on PROD1PC65 with PROPOSALS
§ 260.21
Eligibility.
(a) The Administrator may make a
direct loan to an Applicant, or guarantee
the payment of the principal balance
and any interest of an obligation of an
Applicant prior to, on, or after the date
of execution or the date of disbursement
of such obligation, if the proceeds of
such direct loan or obligation shall be,
or have been, used by the Applicant for
the eligible purposes listed in
§ 260.5(a)(1), (2), and (3).
(b) Except for railroads that are small
entities as provided in part 209,
appendix C of this chapter and are
seeking loans not in excess of $20
million, an Applicant applying for
financial assistance must make an
equity contribution to the costs of the
project being financed, in part, by the
federal assistance, based on the
creditworthiness of the Applicant and
the degree of leverage in the project
represented by the federal assistance.
(c) An Applicant for a direct loan that
is greater than $20 million but less than
$250 million shall have and always
maintain an equity contribution of at
least 20 percent of total project costs. An
Applicant for a direct loan that is greater
than $250 million shall have and always
maintain an equity contribution of at
least 30 percent of total project costs.
(d) An Applicant for a loan guarantee
that is greater than $20 million but less
than $250 million shall have and always
maintain an equity contribution of at
least 20 percent of total project costs. An
Applicant for a loan guarantee that is
greater than $250 million shall have and
always maintain an equity contribution
of at least 25 percent of total project
costs.
(e) An Applicant for a direct loan or
loan guarantee with a credit rating of no
less than investment grade and whose
debt to equity ratio that does not exceed
1.0, shall be required to have and
always maintain an equity contribution
of half of the amounts prescribed in
paragraphs (c) or (d), respectively.
(f) The cumulative outstanding
balance of loans and loan guarantees to
a single borrower shall not exceed $500
million.
3. Section 260.23 is amended by
adding new paragraphs (p), (q), and (r)
to read as follows:
VerDate Aug<31>2005
18:31 Jun 06, 2008
Jkt 214001
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*
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(p) A credit rating or assessment if the
application for financial assistance is in
excess of $250 million.
(q) Electronic copies of their audited
financial statements, unless the
Applicant has revenues of less than $20
million or the application for financial
assistance is less than $20 million.
(r) Identification and quantification of
the public benefit to be obtained by the
financial assistance requested,
including, but not limited to, the
priorities listed in 49 U.S.C. 822(c).
Priority consideration will be given to
those applications that have the highest
benefit to loan value, consistent with
the provisions of 49 U.S.C. 822.
Issued in Washington, DC on June 3, 2008.
Joseph H. Boardman,
Administrator.
[FR Doc. E8–12811 Filed 6–6–08; 8:45 am]
BILLING CODE 4910–06–P
DEPARTMENT OF TRANSPORTATION
Federal Motor Carrier Safety
Administration
49 CFR Parts 383, 384, and 385
[Docket No. FMCSA–2007–27659]
RIN 2126–AB02
Commercial Driver’s License Testing
and Commercial Learner’s Permit
Standards; Extension of Comment
Period
Federal Motor Carrier Safety
Administration (FMCSA), DOT.
ACTION: Proposed rule; extension of
comment period.
AGENCY:
SUMMARY: In response to several
requests, the Federal Motor Carrier
Safety Administration (FMCSA) extends
until July 9, 2008, the comment period
for the notice of proposed rulemaking
(NPRM) that was published on April 9,
2008.
DATES: Please submit comments
regarding the NPRM to the docket by
July 9, 2008.
ADDRESSES: Comments must be
identified by Docket ID Number
FMCSA–2007–27659, and submitted by
one of the following methods:
• Electronically: Through the Federal
Docket Management System (FDMS), at
https://www.regulations.gov; and follow
the instructions for submitting
comments.
• Mail/Courier: U.S. Department of
Transportation, Docket Management
PO 00000
Frm 00035
Fmt 4702
Sfmt 4702
Facility, West Building Ground Floor,
Room W12–140, 1200 New Jersey Ave,
SE., Washington, DC 20590, between 9
a.m. and 5 p.m., e.t., Monday through
Friday, except Federal holidays.
• Fax: (202) 493–2251.
• Docket: For access to the docket to
read comments received and
background material, go to the Federal
Docket Management System (FDMS) at
https://www.regulations.gov, and search
for docket ID Number FMCSA–2007–
27659. Comments may also be inspected
at the U.S. Department of
Transportation, Docket Management
Facility, West Building Ground Floor,
Room W12–140, 1200 New Jersey Ave,
SE., Washington, DC 20590, between 9
a.m. and 5 p.m., e.t., Monday through
Friday, except Federal holidays.
• Privacy Act: Regardless of the
method used for submitting comments,
all comments or material will be posted
without change to the FDMS, including
personal information. Anyone can
search the electronic form of all of our
dockets in FDMS by the name of the
individual submitting the document (or
signing the comment, if submitted on
behalf of an association, business, labor
union, etc.). You may review DOT’s
complete Privacy Act Statement
published in the Federal Register on
April 11, 2000 (65 FR 19476) or you
may visit https://DocketsInfo.dot.gov.
Mr.
Robert Redmond, Office of Safety
Programs, Commercial Driver’s License
Division, telephone (202) 366–5014 or email robert.redmond@dot.gov. Office
hours are from 8 a.m. to 4:30 p.m.
FOR FURTHER INFORMATION CONTACT:
On April
9, 2008 (73 FR 19282), FMCSA
published a notice of proposed
rulemaking (NPRM) in the Federal
Register concerning proposed
requirements related to commercial
driver’s license testing and commercial
learner’s permit standards. We provided
the public with a 60-day comment
period that expires on June 9, 2008.
Several commenters have submitted
requests for an extension of 30 days
beyond June 9, which are in the docket.
Accordingly, FMCSA extends the
comment period for an additional 30
days, which now expires on July 9,
2008.
SUPPLEMENTARY INFORMATION:
Issued on: June 4, 2008.
John H. Hill,
Administrator.
[FR Doc. E8–12876 Filed 6–6–08; 8:45 am]
BILLING CODE 4910–EX–P
E:\FR\FM\09JNP1.SGM
09JNP1
]]>Agencies
[Federal Register Volume 73, Number 111 (Monday, June 9, 2008)]
[Proposed Rules]
[Page 32520]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-12876]
-----------------------------------------------------------------------
DEPARTMENT OF TRANSPORTATION
Federal Motor Carrier Safety Administration
49 CFR Parts 383, 384, and 385
[Docket No. FMCSA-2007-27659]
RIN 2126-AB02
Commercial Driver's License Testing and Commercial Learner's
Permit Standards; Extension of Comment Period
AGENCY: Federal Motor Carrier Safety Administration (FMCSA), DOT.
ACTION: Proposed rule; extension of comment period.
-----------------------------------------------------------------------
SUMMARY: In response to several requests, the Federal Motor Carrier
Safety Administration (FMCSA) extends until July 9, 2008, the comment
period for the notice of proposed rulemaking (NPRM) that was published
on April 9, 2008.
DATES: Please submit comments regarding the NPRM to the docket by July
9, 2008.
ADDRESSES: Comments must be identified by Docket ID Number FMCSA-2007-
27659, and submitted by one of the following methods:
Electronically: Through the Federal Docket Management
System (FDMS), at https://www.regulations.gov; and follow the
instructions for submitting comments.
Mail/Courier: U.S. Department of Transportation, Docket
Management Facility, West Building Ground Floor, Room W12-140, 1200 New
Jersey Ave, SE., Washington, DC 20590, between 9 a.m. and 5 p.m., e.t.,
Monday through Friday, except Federal holidays.
Fax: (202) 493-2251.
Docket: For access to the docket to read comments received
and background material, go to the Federal Docket Management System
(FDMS) at https://www.regulations.gov, and search for docket ID Number
FMCSA-2007-27659. Comments may also be inspected at the U.S. Department
of Transportation, Docket Management Facility, West Building Ground
Floor, Room W12-140, 1200 New Jersey Ave, SE., Washington, DC 20590,
between 9 a.m. and 5 p.m., e.t., Monday through Friday, except Federal
holidays.
Privacy Act: Regardless of the method used for submitting
comments, all comments or material will be posted without change to the
FDMS, including personal information. Anyone can search the electronic
form of all of our dockets in FDMS by the name of the individual
submitting the document (or signing the comment, if submitted on behalf
of an association, business, labor union, etc.). You may review DOT's
complete Privacy Act Statement published in the Federal Register on
April 11, 2000 (65 FR 19476) or you may visit https://
DocketsInfo.dot.gov.
FOR FURTHER INFORMATION CONTACT: Mr. Robert Redmond, Office of Safety
Programs, Commercial Driver's License Division, telephone (202) 366-
5014 or e-mail robert.redmond@dot.gov. Office hours are from 8 a.m. to
4:30 p.m.
SUPPLEMENTARY INFORMATION: On April 9, 2008 (73 FR 19282), FMCSA
published a notice of proposed rulemaking (NPRM) in the Federal
Register concerning proposed requirements related to commercial
driver's license testing and commercial learner's permit standards. We
provided the public with a 60-day comment period that expires on June
9, 2008. Several commenters have submitted requests for an extension of
30 days beyond June 9, which are in the docket. Accordingly, FMCSA
extends the comment period for an additional 30 days, which now expires
on July 9, 2008.
Issued on: June 4, 2008.
John H. Hill,
Administrator.
[FR Doc. E8-12876 Filed 6-6-08; 8:45 am]
BILLING CODE 4910-EX-P
