Discount Rates for Cost-Effectiveness Analysis of Federal Programs, 130-131 [E8-30793]

Download as PDF 130 Federal Register / Vol. 74, No. 1 / Friday, January 2, 2009 / Notices Company ownership and control of AmerGen Oyster Creek NQF, LLC; and AmerGen Consolidation, LLC shall be merged into Exelon Generation Consolidation, LLC. Also at the time of the closing, decommissioning funding assurance provided by Exelon Generation Company, using an additional method allowed under 10 CFR 50.75 if necessary, must be equal to or greater than the minimum amount calculated on that date pursuant to, and required by 10 CFR 50.75 for Oyster Creek. Furthermore, funds dedicated for Oyster Creek prior to closing shall remain dedicated to Oyster Creek following the closing. The name of AmerGen Oyster Creek NQF, LLC shall be changed to Exelon Generation Oyster Creek NQF, LLC at the time of the closing. It is further ordered that, consistent with 10 CFR 2.1315(b), the license amendment that makes changes, as indicated in Enclosure 2 to the cover letter forwarding this Order, to conform the license to reflect the subject direct license transfer is approved. The amendment shall be issued and made effective at the time the proposed direct license transfer is completed. It is further ordered that AmerGen and EGC shall inform the Director of the Office of Nuclear Reactor Regulation, in writing, of the date of closing of the transfer of AmerGen’s ownership and operating interests in Oyster Creek at least 1 business day before the closing. Should the transfer of the license not be completed within 1 year of this Order’s date of issuance, this Order shall become null and void, provided, however, that upon written application and for good cause shown, such date may be extended by order. This Order is effective upon issuance. For further details with respect to this Order, see the initial application dated June 20, 2008, and the safety evaluation with the same date as this Order, which are available for public inspection at the Commission’s Public Document Room (PDR), located at One White Flint North, 11555 Rockville Pike, Room O–1 F21 (First Floor), Rockville, Maryland, and accessible electronically from the Agencywide Documents Access and Management System (ADAMS) Public Electronic Reading Room on the Internet at the NRC Web site, http:// www.nrc.gov/reading-rm/adams.html. Persons who do not have access to ADAMS, or who encounter problems in accessing the documents located in ADAMS, should contact the NRC PDR Reference staff by telephone at 1–800– 397–4209 or 301–415–4737, or by e-mail at pdr.resource@nrc.gov. discount rates in Appendix C are to be used for cost-effectiveness analysis, including lease-purchase analysis, as specified in the revised Circular. They do not apply to regulatory analysis. DATES: The revised discount rates are effective immediately and will be in effect through December 2009. FOR FURTHER INFORMATION CONTACT: Robert B. Anderson, Office of Economic Policy, Office of Management and Budget, (202) 395–3381. Dated at Rockville, Maryland, this 23rd day of December 2008. For the Nuclear Regulatory Commission. Eric J. Leeds, Director, Office of Nuclear Reactor Regulation. [FR Doc. E8–31206 Filed 12–31–08; 8:45 am] Appendix C BILLING CODE 7590–01–P OFFICE OF MANAGEMENT AND BUDGET Discount Rates for Cost-Effectiveness Analysis of Federal Programs AGENCY: Office of Management and Budget. ACTION: Revisions to Appendix C of OMB Circular A–94. SUMMARY: The Office of Management and Budget revised Circular A–94 in 1992. The revised Circular specified certain discount rates to be updated annually when the interest rate and inflation assumptions used to prepare the Budget of the United States Government were changed. These discount rates are found in Appendix C of the revised Circular. The updated discount rates are shown below. The John H. Kitchen, Associate Director for Economic Policy, Office of Management and Budget. OMB Circular No. A–94. (Revised December 2008) Discount Rates for Cost-Effectiveness, Lease Purchase, and Related Analyses Effective Dates. This appendix is updated annually. This version of the appendix is valid for calendar year 2009. A copy of the updated appendix can be obtained in electronic form through the OMB home page at http:// www.whitehouse.gov/omb/circulars/ a094/a94_appx-c.html, the text of the main body of the Circular is found at http://www.whitehouse.gov/omb/ circulars/a094/a094.html, and a table of past years’ rates is located at http:// www.whitehouse.gov/omb/circulars/ a094/DISCHIST-2009.pdf. Updates of the appendix are also available upon request from OMB’s Office of Economic Policy (202–395–3381). Nominal Discount Rates. A forecast of nominal or market interest rates for 2009 based on the economic assumptions for the Fiscal Year 2010 December Budget Baseline are presented below. These nominal rates are to be used for discounting nominal flows, which are often encountered in leasepurchase analysis. NOMINAL INTEREST RATES ON TREASURY NOTES AND BONDS OF SPECIFIED MATURITIES [In percent] 3-year 5-year 2.7 7-year 3.3 mstockstill on PROD1PC66 with NOTICES Real Discount Rates. A forecast of real interest rates from which the inflation premium has been removed and based VerDate Aug<31>2005 16:23 Dec 31, 2008 Jkt 217001 10-year 3.7 20-year 4.2 on the economic assumptions from the 2010 December Budget Baseline is presented below. These real rates are to PO 00000 Frm 00062 Fmt 4703 Sfmt 4703 30-year 4.7 4.5 be used for discounting constant-dollar flows, as is often required in costeffectiveness analysis. E:\FR\FM\02JAN1.SGM 02JAN1 131 Federal Register / Vol. 74, No. 1 / Friday, January 2, 2009 / Notices REAL INTEREST RATES ON TREASURY NOTES AND BONDS OF SPECIFIED MATURITIES [In percent] 3-year 5-year 0.9 7-year 10-year 1.6 Analyses of programs with terms different from those presented above may use a linear interpolation. For example, a four-year project can be evaluated with a rate equal to the average of the three-year and five-year rates. Programs with durations longer than 30 years may use the 30-year interest rate. 1.9 2.4 SYSTEM NAME: PC–33 Consolidated Incident Reporting System (CIRS). SECURITY CLASSIFICATION: Not applicable. SYSTEM LOCATION: [FR Doc. E8–30793 Filed 12–31–08; 8:45 am] BILLING CODE 3110–01–P Office of the Chief Information Officer and the Office of Safety and Security, Peace Corps, 1111 20th St., NW., Washington, DC 20526, as well as Peace Corps overseas offices. PEACE CORPS CATEGORIES OF INDIVIDUALS COVERED BY THE SYSTEM: Privacy Act System of Records Peace Corps Volunteers, Trainees, Peace Corps Response Volunteers, alleged offenders, and witnesses. AGENCY: Peace Corps. ACTION: Notice of an amendment to a Privacy Act system of records. CATEGORIES OF RECORDS IN THE SYSTEM: SUMMARY: Pursuant to the provisions of the Privacy Act of 1974 (5 U.S.C. 552a) the Peace Corps is giving notice of a new system of records, PC–33, titled the Consolidated Incident Reporting System (CIRS). DATES: This action will be effective without further notice on February 17, 2009 unless comments are received by February 2, 2009 that would result in a contrary determination. You may submit comments by e-mail to nmiller@peacecorps.gov. You may also submit comments by mail to Nancy G. Miller, Office of the General Counsel, Peace Corps, Suite 8200, 1111 20th Street, NW., Washington, DC 20526. Contact Nancy G. Miller for copies of comments. ADDRESSES: FOR FURTHER INFORMATION CONTACT: Nancy G. Miller, Associate General Counsel, 202–692–2150, nmiller@peacecorps.gov. Section 552a provides that the public be given a 30-day period in which to comment on the new system. The Office of Management and Budget (OMB), which has oversight responsibility under the Act, requires a 40-day period in which to review the proposed system. In accordance with 5 U.S.C. 552a, Peace Corps has provided a report on this system to OMB and the Congress. SUPPLEMENTARY INFORMATION: mstockstill on PROD1PC66 with NOTICES 20-year VerDate Aug<31>2005 16:23 Dec 31, 2008 Jkt 217001 Volunteer name; Volunteer contact information, including phone number, address, and/or e-mail address; Volunteer Tag (system-generated ID associated with the Volunteer’s name); race/ethnicity; sex; country of incident; country of service; sector of assignment; marital status; age; Volunteer site; type of incident; date of incident; date incident was reported to post; time of incident; personnel notified; incident location; size of population of community (i.e., urban, intermediate, rural); nature and details of the incident; alcohol use by Volunteer at time of incident; weapon use by alleged offender; injury sustained; medical/ counseling support provided; victim’s intention to prosecute; and alleged offender’s motive for committing incident; name of alleged offender; age range of alleged offender; gender of alleged offender; relationship of alleged offender to victim; alcohol use by alleged offender at time of incident; whether alleged offender was apprehended; information on witnesses, such as name and contact information; and post follow up or changes to original incident report, as noted in the updates section. AUTHORITY FOR MAINTENANCE OF THE SYSTEM: Peace Corps Act , 22 U.S.C. 2501 et seq. PURPOSE(S): To provide a single central facility within the Peace Corps for tracking PO 00000 Frm 00063 Fmt 4703 Sfmt 4703 30-year 2.9 2.7 crimes against Volunteers; analyzing trends; and responding to requests from executive, legislative, and oversight bodies, as well as the public, for statistical crime data relating to criminal and other high-interest incidents. The Peace Corps will use this information for programmatic and training purposes in order to make informed decisions about potential changes in policy and/ or programs. The system notifies in a timely manner Peace Corps headquarters and overseas staff who have a need to know when a crime has occurred against a Volunteer. Such staff make safety and security, medical, or management decisions regarding the Volunteer victim. The system also notifies the U.S. Embassy’s Regional Security Officers covering the post whenever a crime against a Volunteer occurs so that they may initiate investigative procedures, as necessary. ROUTINE USES OF RECORDS MAINTAINED IN THE SYSTEM, INCLUDING CATEGORIES OF USERS AND THE PURPOSE OF SUCH USERS: General routine uses A through M apply to this system. In addition to general routine uses, the Peace Corps will use the data collected via the CIRS for programmatic and training purposes and to make informed decisions about potential changes in policy and/or programs. DISCLOSURE TO CONSUMER REPORTING AGENCIES: None. POLICIES AND PRACTICES FOR STORING, RETRIEVING, ACCESSING, RETAINING, AND DISPOSING OF RECORDS IN THE SYSTEM: STORAGE: In a protected database and in a locked file cabinet in a locked room. RETRIEVABILITY: Records are retrievable by any, all, or any combination of the following data fields: Volunteer name; contact information; Volunteer Tag; race/ ethnicity; sex; country of incident, country of service; sector of assignment; marital status; age; Volunteer site; type of incident; date of incident; date incident was reported; time of incident; date of incident; names of personnel notified; size of population of community; incident location; nature and details of the incident/offense; E:\FR\FM\02JAN1.SGM 02JAN1

Agencies

[Federal Register Volume 74, Number 1 (Friday, January 2, 2009)]
[Notices]
[Pages 130-131]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-30793]


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OFFICE OF MANAGEMENT AND BUDGET


Discount Rates for Cost-Effectiveness Analysis of Federal 
Programs

AGENCY: Office of Management and Budget.

ACTION: Revisions to Appendix C of OMB Circular A-94.

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

SUMMARY: The Office of Management and Budget revised Circular A-94 in 
1992. The revised Circular specified certain discount rates to be 
updated annually when the interest rate and inflation assumptions used 
to prepare the Budget of the United States Government were changed. 
These discount rates are found in Appendix C of the revised Circular. 
The updated discount rates are shown below. The discount rates in 
Appendix C are to be used for cost-effectiveness analysis, including 
lease-purchase analysis, as specified in the revised Circular. They do 
not apply to regulatory analysis.

DATES: The revised discount rates are effective immediately and will be 
in effect through December 2009.

FOR FURTHER INFORMATION CONTACT: Robert B. Anderson, Office of Economic 
Policy, Office of Management and Budget, (202) 395-3381.

John H. Kitchen,
Associate Director for Economic Policy, Office of Management and 
Budget.

OMB Circular No. A-94.

Appendix C

(Revised December 2008)

Discount Rates for Cost-Effectiveness, Lease Purchase, and Related 
Analyses

    Effective Dates. This appendix is updated annually. This version of 
the appendix is valid for calendar year 2009. A copy of the updated 
appendix can be obtained in electronic form through the OMB home page 
at http://www.whitehouse.gov/omb/circulars/a094/a94_appx-c.html, the 
text of the main body of the Circular is found at http://
www.whitehouse.gov/omb/circulars/a094/a094.html, and a table of past 
years' rates is located at http://www.whitehouse.gov/omb/circulars/
a094/DISCHIST-2009.pdf. Updates of the appendix are also available upon 
request from OMB's Office of Economic Policy (202-395-3381).
    Nominal Discount Rates. A forecast of nominal or market interest 
rates for 2009 based on the economic assumptions for the Fiscal Year 
2010 December Budget Baseline are presented below. These nominal rates 
are to be used for discounting nominal flows, which are often 
encountered in lease-purchase analysis.

     Nominal Interest Rates on Treasury Notes and Bonds of Specified
                               Maturities
                              [In percent]
------------------------------------------------------------------------
   3-year       5-year      7-year      10-year     20-year     30-year
------------------------------------------------------------------------
       2.7          3.3         3.7         4.2         4.7         4.5
------------------------------------------------------------------------

    Real Discount Rates. A forecast of real interest rates from which 
the inflation premium has been removed and based on the economic 
assumptions from the 2010 December Budget Baseline is presented below. 
These real rates are to be used for discounting constant-dollar flows, 
as is often required in cost-effectiveness analysis.

[[Page 131]]



 Real Interest Rates on Treasury Notes and Bonds of Specified Maturities
                              [In percent]
------------------------------------------------------------------------
   3-year       5-year      7-year      10-year     20-year     30-year
------------------------------------------------------------------------
       0.9          1.6         1.9         2.4         2.9         2.7
------------------------------------------------------------------------

    Analyses of programs with terms different from those presented 
above may use a linear interpolation. For example, a four-year project 
can be evaluated with a rate equal to the average of the three-year and 
five-year rates. Programs with durations longer than 30 years may use 
the 30-year interest rate.

 [FR Doc. E8-30793 Filed 12-31-08; 8:45 am]
BILLING CODE 3110-01-P