Submission for OMB Review; Comment Request, 967-968 [E9-159]

Download as PDF Federal Register / Vol. 74, No. 6 / Friday, January 9, 2009 / Notices mstockstill on PROD1PC66 with NOTICES ML060670456, ML060670470, ML060670478, and ML060670489); 7. Letter dated May 2, 2006, from ABB to NRC, ‘‘Final Status Survey Report— Building 5/6A Complex’’ with attachments (ADAMS Accession No. ML061300647, ML061600110, ML061600128, ML061600142, ML061600154, ML061600158, ML061600160, ML061600178, ML061600184, ML061600185, ML061600186, ML061600187, ML061600280, ML061600292, ML061600304, ML061600315, ML061600324, and ML061600331); 8. Letter dated September 13, 2007, from ABB to NRC, ‘‘Final Status Survey Report’’ with attachments (ADAMS Accession No. ML072890334, ML072890351, ML072890359, ML072890361, ML072890362, ML072890533, ML072890542, ML072890545, ML072890552, ML072890556, ML072890565, ML072890572, ML072890586, ML072890590, ML072890603, ML072890611); 9. Letter dated December 27, 2007, from ABB to NRC, ‘‘Partial Site Release’’ (ADAMS Accession No. ML080020357); 10. Letter dated June 27, 2008, from ORISE to NRC, ‘‘Final Report— Confirmatory Survey for the Partial Site Release at the ABB Inc. CE Windsor Site; Windsor, Connecticut’’ (ADAMS Accession No. ML082420398); and 11. NRC Inspection Report 03000754/ 2008001, dated September 30, 2008, (ADAMS Accession Nos. ML082730833 and ML082730842). If you do not have access to ADAMS, or if there are problems in accessing the documents located in ADAMS, contact the NRC Public Document Room Reference staff at 1–800–397–4209, 301– 415–4737, or by e-mail to pdr@nrc.gov. These documents may also be viewed electronically on the public computers located at the NRC’s Public Document Room, O 1 F21, One White Flint North, 11555 Rockville Pike, Rockville, MD 20852. The Public Document Room reproduction contractor will copy documents for a fee. Dated at King of Prussia, Pennsylvania, this 30th day of December, 2008. For the Nuclear Regulatory Commission. Eugene Cobey, Chief, Decommissioning Branch, Division of Nuclear Materials Safety, Region I. [FR Doc. E9–202 Filed 1–8–09; 8:45 am] BILLING CODE 7590–01–P VerDate Nov<24>2008 16:16 Jan 08, 2009 Jkt 217001 NUCLEAR REGULATORY COMMISSION Notice of Availability; NUREG–1307, Revision 13, ‘‘Report on Waste Burial Charges Changes in Decommissioning Waste Disposal Costs at Low-Level Waste Burial Faciilities’’ AGENCY: Nuclear Regulatory Commission (NRC). ACTION: Notice of availability. SUMMARY: The NRC is announcing the completion and availability of NUREG– 1307, Revision 13, ‘‘Report on Waste Burial Charges,’’ dated December 2009. ADDRESSES: NUREG–1307 may be purchased from The Superintendent of Documents, U.S. Government Printing Office , P.O. Box 37082, Washington, DC 20402–9328: https:// www.access.gop.gov/sudocs: 202–512– 1800; or The National Technical Information Service, Springfield, Virginia 22161–0002; https:// www.ntis.gov; or locally, 703–605–6000. The publication may be viewed electronically on the public computers located at the NRC’s Public Document Room (PDR), One White Flint North, 11555 Rockville Pike, Room O1–F21, Rockville, Maryland. The PDR reproduction contractor will copy documents for a fee. The public can gain entry into the NRC’s Agencywide Documents Access and Management System (ADAMS) through the agency’s public Web site at https://www.nrc.gov. This Web site provides text and image files of the NRC’s public documents. If you do not have access to ADAMS or if there are problems in accessing the documents located in ADAMS, contact the NRC PDR Reference Staff at 1–800– 397–4209, 301–415–4737 or by e-mail to pdr@nrc.gov. FOR FURTHER INFORMATION CONTACT: Clayton L. Pittiglio, Office of Nuclear Reactor Regulation, Division of Policy and Rulemaking, U.S. Nuclear Regulatory Commission, Washington, DC 20555, telephone (301) 415–1435, email Clayton.Pittiglio@nrc.gov. SUPPLEMENTARY INFORMATION: A requirement placed upon nuclear power reactor licensees by the NRC is that licensees must annually adjust the estimate of the cost of decommissioning their plants, in dollars of the current year, as part of the process to provide reasonable assurance that adequate funds for decommissioning will be available when needed. This report, which is revised periodically, explains the formula that is acceptable to the NRC for determining the minimum decommissioning fund requirements for nuclear power plants. The sources of PO 00000 Frm 00093 Fmt 4703 Sfmt 4703 967 information used in the formula are identified, and the values developed for the estimation of radioactive waste burial/disposition costs, by site and by year, are given. Dated at Rockville, Maryland, this 22 day of December. For the Nuclear Regulatory Commission. Timothy J. McGinty, Director, Division of Policy and Rulemaking, Office of Nuclear Reactor Program. [FR Doc. E9–203 Filed 1–8–09; 8:45 am] BILLING CODE 7590–01–P SECURITIES AND EXCHANGE COMMISSION Submission for OMB Review; Comment Request Upon Written Request, Copies Available From: Securities and Exchange Commission, Office of Investor Education and Advocacy, Washington, DC 20549–0213. Extension: Rule 18f–3; SEC File No. 270–385; OMB Control No. 3235–0441. Notice is hereby given that, pursuant to the Paperwork Reduction Act of 1995 (44 U.S.C. 3501–3520), the Securities and Exchange Commission (‘‘Commission’’) has submitted to the Office of Management and Budget request for extension of the previously approved collection of information discussed below. Section 18(f)(1) 1 of the Investment Company Act of 1940 2 (the ‘‘Investment Company Act’’ or ‘‘Act’’) prohibits registered open-end management investment companies (‘‘funds’’) from issuing any senior security. Rule 18f–3 under the Act 3 exempts from section 18(f)(1) a fund that issues multiple classes of shares representing interests in the same portfolio of securities (a ‘‘multiple class fund’’) if the fund satisfies the conditions of the rule. In general, each class must differ in its arrangement for shareholder services or distribution or both, and must pay the related expenses of that different arrangement. The rule includes one requirement for the collection of information. A multiple class fund must prepare, and fund directors must approve, a written plan setting forth the separate arrangement and expense allocation of each class, and any related conversion features or exchange privileges (‘‘rule 1 15 U.S.C. 80a–18(f)(1). U.S.C. 80a. 3 17 CFR 270.18f–3. 2 15 E:\FR\FM\09JAN1.SGM 09JAN1 968 Federal Register / Vol. 74, No. 6 / Friday, January 9, 2009 / Notices 18f–3 plan’’).4 Approval of the plan must occur before the fund issues any shares of multiple classes and whenever the fund materially amends the plan. In approving the plan, a majority of the fund board, including a majority of the fund’s independent directors, must determine that the plan is in the best interests of each class and the fund as a whole. The requirement that the fund prepare and directors approve a written rule 18f–3 plan is intended to ensure that the fund compiles information relevant to the fairness of the separate arrangement and expense allocation for each class, and that directors review and approve the information. Without a blueprint that highlights material differences among classes, directors might not perceive potential conflicts of interests when they determine whether the plan is in the best interests of each class and the fund. In addition, the plan may be useful to Commission staff in reviewing the fund’s compliance with the rule. There are approximately 5,300 multiple class funds offered by 1,120 registrants.5 Based on a review of typical rule 18f–3 plans, the Commission’s staff estimates that the 1,120 registrants together make an average of 560 responses each year to prepare and approve a written rule 18f– 3 plan, requiring approximately 10 hours per response and a total of 5,600 burden hours per year in the aggregate.6 The staff estimates that preparation of the rule 18f–3 plan may require 6 hours of the services of an attorney employed by the fund, at a cost of approximately $295 per hour for professional time,7 and approval of the plan may require 4 hours of the services of the board of directors, at a cost of approximately 4 Rule 18f–3(d). estimate is based on data from Form N– SAR, the semi-annual report that funds file with the Commission. In previous years, the staff estimated that each multiple class fund prepared and approved a rule 18f–3 plan. However, the staff has revised this estimate to reflect its belief that most registrants prepare and approve a single rule 18f– 3 plan for all series funds offered by the registrants. 6 The estimate reflects the assumption that each registrant prepares and approves a rule 18f–3 plan every two years when issuing a new fund or new class or amending a plan (or that 560 of all 1,120 registrants prepare and approve a plan each year). The estimate assumes that the time required to prepare a plan is 6 hours per plan (or 3360 hours for 560 registrants annually), and the time required to approve a plan is an additional 4 hours per plan (or 2240 hours for 560 registrants annually). 7 This hourly rate estimate is derived from annual salaries reported in: Securities Industry and Financial Markets Association, Management and Professional Earnings in the Securities Industry (2007), modified to account for an 1800-hour work year and multiplied by 5.35 to account for bonuses, firm size, employee benefits and overhead. mstockstill on PROD1PC66 with NOTICES 5 This VerDate Nov<24>2008 16:16 Jan 08, 2009 Jkt 217001 $2000 per hour.8 The staff therefore estimates that the aggregate annual cost of complying with the paperwork requirements of the rule is approximately $5,471,200 ((6 hours × 560 responses × $295 = $991,200) + (4 hours × 560 responses × $2000 = 4,480,000)). The estimated annual burden of 5,600 hours represents a decrease of 110 hours over the prior estimate of 5,710 hours. The decrease in burden hours is attributable to a change in the estimate of the number of responses that are submitted pursuant to the rule. The estimate of average burden hours is made solely for the purposes of the Paperwork Reduction Act. The estimate is not derived from a comprehensive or even a representative survey or study of the costs of Commission rules. Complying with this collection of information requirement is mandatory. Responses will not be kept confidential. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a currently valid control number. Please direct general comments regarding the above information to the following persons: (i) Desk Officer for the Securities and Exchange Commission, Office of Management and Budget, Room 10102, New Executive Office Building, Washington, DC 20503 or send an e-mail to: Shagufta_Ahmed@omb.eop.gov; and (ii) Charles Boucher Director/CIO, Securities and Exchange Commission, C/O Shirley Martinson, 6432 General Green Way, Alexandria, VA 22312; or send an e-mail to: PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 30 days of this notice. January 5, 2009. Florence E. Harmon, Deputy Secretary. [FR Doc. E9–159 Filed 1–8–09; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION Submission for OMB Review; Comment Request Upon Written Request, Copies Available From: Securities and Exchange Commission, Office of Filings and Information Services, Washington, DC 20549–0213. Extension: 8 This hourly rate estimate is derived from fund representatives. PO 00000 Frm 00094 Fmt 4703 Sfmt 4703 Rule 30b2–1; SEC File No. 270–213; OMB Control No. 3235–0220. Notice is hereby given that, pursuant to the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange Commission (the ‘‘Commission’’) has submitted to the Office of Management and Budget a request for extension of the previously approved collection of information discussed below. Rule 30b2–1 (17 CFR 270.30b2–1) under the Investment Company Act of 1940 (15 U.S.C. 80a) requires the filing of four copies of every periodic or interim report transmitted by or on behalf of any registered investment company to its stockholders.1 This requirement ensures that the Commission has information in its files to perform its regulatory functions and to apprise investors of the operational and financial condition of a registered investment companies.2 Registered management investment companies are required to send reports to stockholders at least twice annually. In addition, under rule 30b2–1, each registered investment company is required to file with the Commission Form N–CSR (17 CFR 274.128), certifying the financial statements.3 The annual burden of filing the reports is included in the burden estimate for Form N–CSR; however, we are requesting one burden hour remain in inventory for administrative purposes. The burden estimate for rule 30b2–1 is made solely for the purposes of the Act and is not derived from a comprehensive or even representative survey or study of the costs of Commission rules and forms. The collection of information under rule 30b2–1 is mandatory. The information provided by rule 30b2–1 is not kept confidential. An Agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a currently valid OMB control number. Please direct general comments regarding the above information to the following persons: (i) Desk Officer for the Securities and Exchange Commission, Office of Management and Budget, Room 10102, New Executive Office Building, Washington, DC 20503 or send an e-mail to: 1 Most filings are made via the Commission’s electronic filing system; therefore, paper filings under Rule 30b2–1 occur only in exceptional circumstances. Electronic filing eliminates the need for multiple copies of filings. 2 Annual and periodic reports to the Commission become part of its public files and, therefore, are available for use by prospective investors and stockholders. 3 Rule 30b2–1(a) [17 CFR 270.30b2–1(a)]. E:\FR\FM\09JAN1.SGM 09JAN1

Agencies

[Federal Register Volume 74, Number 6 (Friday, January 9, 2009)]
[Notices]
[Pages 967-968]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-159]


=======================================================================
-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION


Submission for OMB Review; Comment Request

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of Investor Education and Advocacy, Washington, DC 
20549-0213.

Extension:
    Rule 18f-3; SEC File No. 270-385; OMB Control No. 3235-0441.

    Notice is hereby given that, pursuant to the Paperwork Reduction 
Act of 1995 (44 U.S.C. 3501-3520), the Securities and Exchange 
Commission (``Commission'') has submitted to the Office of Management 
and Budget request for extension of the previously approved collection 
of information discussed below.
    Section 18(f)(1) \1\ of the Investment Company Act of 1940 \2\ (the 
``Investment Company Act'' or ``Act'') prohibits registered open-end 
management investment companies (``funds'') from issuing any senior 
security. Rule 18f-3 under the Act \3\ exempts from section 18(f)(1) a 
fund that issues multiple classes of shares representing interests in 
the same portfolio of securities (a ``multiple class fund'') if the 
fund satisfies the conditions of the rule. In general, each class must 
differ in its arrangement for shareholder services or distribution or 
both, and must pay the related expenses of that different arrangement.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 80a-18(f)(1).
    \2\ 15 U.S.C. 80a.
    \3\ 17 CFR 270.18f-3.
---------------------------------------------------------------------------

    The rule includes one requirement for the collection of 
information. A multiple class fund must prepare, and fund directors 
must approve, a written plan setting forth the separate arrangement and 
expense allocation of each class, and any related conversion features 
or exchange privileges (``rule

[[Page 968]]

18f-3 plan'').\4\ Approval of the plan must occur before the fund 
issues any shares of multiple classes and whenever the fund materially 
amends the plan. In approving the plan, a majority of the fund board, 
including a majority of the fund's independent directors, must 
determine that the plan is in the best interests of each class and the 
fund as a whole.
---------------------------------------------------------------------------

    \4\ Rule 18f-3(d).
---------------------------------------------------------------------------

    The requirement that the fund prepare and directors approve a 
written rule 18f-3 plan is intended to ensure that the fund compiles 
information relevant to the fairness of the separate arrangement and 
expense allocation for each class, and that directors review and 
approve the information. Without a blueprint that highlights material 
differences among classes, directors might not perceive potential 
conflicts of interests when they determine whether the plan is in the 
best interests of each class and the fund. In addition, the plan may be 
useful to Commission staff in reviewing the fund's compliance with the 
rule.
    There are approximately 5,300 multiple class funds offered by 1,120 
registrants.\5\ Based on a review of typical rule 18f-3 plans, the 
Commission's staff estimates that the 1,120 registrants together make 
an average of 560 responses each year to prepare and approve a written 
rule 18f-3 plan, requiring approximately 10 hours per response and a 
total of 5,600 burden hours per year in the aggregate.\6\ The staff 
estimates that preparation of the rule 18f-3 plan may require 6 hours 
of the services of an attorney employed by the fund, at a cost of 
approximately $295 per hour for professional time,\7\ and approval of 
the plan may require 4 hours of the services of the board of directors, 
at a cost of approximately $2000 per hour.\8\ The staff therefore 
estimates that the aggregate annual cost of complying with the 
paperwork requirements of the rule is approximately $5,471,200 ((6 
hours x 560 responses x $295 = $991,200) + (4 hours x 560 responses x 
$2000 = 4,480,000)).
---------------------------------------------------------------------------

    \5\ This estimate is based on data from Form N-SAR, the semi-
annual report that funds file with the Commission. In previous 
years, the staff estimated that each multiple class fund prepared 
and approved a rule 18f-3 plan. However, the staff has revised this 
estimate to reflect its belief that most registrants prepare and 
approve a single rule 18f-3 plan for all series funds offered by the 
registrants.
    \6\ The estimate reflects the assumption that each registrant 
prepares and approves a rule 18f-3 plan every two years when issuing 
a new fund or new class or amending a plan (or that 560 of all 1,120 
registrants prepare and approve a plan each year). The estimate 
assumes that the time required to prepare a plan is 6 hours per plan 
(or 3360 hours for 560 registrants annually), and the time required 
to approve a plan is an additional 4 hours per plan (or 2240 hours 
for 560 registrants annually).
    \7\ This hourly rate estimate is derived from annual salaries 
reported in: Securities Industry and Financial Markets Association, 
Management and Professional Earnings in the Securities Industry 
(2007), modified to account for an 1800-hour work year and 
multiplied by 5.35 to account for bonuses, firm size, employee 
benefits and overhead.
    \8\ This hourly rate estimate is derived from fund 
representatives.
---------------------------------------------------------------------------

    The estimated annual burden of 5,600 hours represents a decrease of 
110 hours over the prior estimate of 5,710 hours. The decrease in 
burden hours is attributable to a change in the estimate of the number 
of responses that are submitted pursuant to the rule.
    The estimate of average burden hours is made solely for the 
purposes of the Paperwork Reduction Act. The estimate is not derived 
from a comprehensive or even a representative survey or study of the 
costs of Commission rules. Complying with this collection of 
information requirement is mandatory. Responses will not be kept 
confidential. An agency may not conduct or sponsor, and a person is not 
required to respond to, a collection of information unless it displays 
a currently valid control number.
    Please direct general comments regarding the above information to 
the following persons: (i) Desk Officer for the Securities and Exchange 
Commission, Office of Management and Budget, Room 10102, New Executive 
Office Building, Washington, DC 20503 or send an e-mail to: Shagufta_
Ahmed@omb.eop.gov; and (ii) Charles Boucher Director/CIO, Securities 
and Exchange Commission, C/O Shirley Martinson, 6432 General Green Way, 
Alexandria, VA 22312; or send an e-mail to: PRA_Mailbox@sec.gov. 
Comments must be submitted to OMB within 30 days of this notice.

    January 5, 2009.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E9-159 Filed 1-8-09; 8:45 am]
BILLING CODE 8011-01-P
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