Sunshine Act Meeting, 3906 [2011-1315]

Download as PDF 3906 Federal Register / Vol. 76, No. 14 / Friday, January 21, 2011 / Notices a bid was mistakenly or erroneously made. vii. Round Results 136. Reports reflecting bidders’ identities for Auction 91 will be available before and during the auction. Thus, bidders will know in advance of this auction the identities of the bidders against which they are bidding. 137. Bids placed during a round will not be made public until the conclusion of that round. After a round closes, the Bureaus will compile and post for public access reports of all bids placed, current provisionally winning bids, new minimum acceptable bid amounts for the following round, whether the construction permit is FCC held, and bidder eligibility status (bidding eligibility and activity rule waivers), and post the reports for public access. viii. Auction Announcements 138. The Commission will use auction announcements to report necessary information such as schedule changes. All auction announcements will be available by clicking a link in the FCC Auction System. V. Post-Auction Procedures 139. Shortly after bidding has ended, the Commission will issue a public notice declaring the auction closed, identifying the winning bidders, and establishing the deadlines for submitting down payments, final payments, and the long-form applications (FCC Forms 301). A. Down Payments 140. Within ten business days after release of the auction closing public notice, each winning bidder must submit sufficient funds (in addition to its upfront payment) to bring its total amount of money on deposit with the Commission for Auction 91 to 20 percent of the net amount of its winning bids (gross bids less any applicable new entrant bidding credits). B. Final Payments WReier-Aviles on DSKGBLS3C1PROD with NOTICES 141. Each winning bidder will be required to submit the balance of the net amount of its winning bids within ten business days after the applicable deadline for submitting down payments. C. Long-Form Application (FCC Form 301) 142. The Commission’s rules currently provide that within thirty days after release of the auction closing notice, winning bidders must electronically submit a properly completed long-form application (FCC Form 301, Application for Construction VerDate Mar<15>2010 13:45 Jan 20, 2011 Jkt 223001 Permit for Commercial Broadcast Station), and required exhibits for each construction permit won through Auction 91. Winning bidders claiming new entrant status must include an exhibit demonstrating their eligibility for the bidding credit. Further instructions on these and other filing requirements will be provided to winning bidders in the auction closing public notice. Federal Communications Commission. Gary D. Michaels, Deputy Chief, Auction and Spectrum Access Division, WTB. D. Default and Disqualification Sunshine Act Meeting 143. Any winning bidder that defaults or is disqualified after the close of the auction (i.e., fails to remit the required down payment within the prescribed period of time, fails to submit a timely long-form application, fails to make full payment, or is otherwise disqualified) will be subject to the payments described in 47 CFR 1.2104(g)(2). The payments include both a deficiency payment, equal to the difference between the amount of the bidder’s bid and the amount of the winning bid the next time a construction permit covering the same spectrum is won in an auction, plus an additional payment equal to a percentage of the defaulter’s bid or of the subsequent winning bid, whichever is less. The Bureaus set the additional default payment for this auction at twenty percent of the applicable bid. 144. Finally, if a default or disqualification involves gross misconduct, misrepresentation, or bad faith by an applicant, the Commission may declare the applicant and its principals ineligible to bid in future auctions, and may take any other action that it deems necessary, including institution of proceedings to revoke any existing authorizations held by the applicant. Pursuant to the provisions of the ‘‘Government in the Sunshine Act’’ (5 U.S.C. 552b), notice is hereby given that at 4:10 p.m. on Tuesday, January 18, 2011, the Board of Directors of the Federal Deposit Insurance Corporation met in closed session to consider matters related to the Corporation’s supervision, corporate and resolution activities. In calling the meeting, the Board determined, on motion of Director John E. Bowman (Acting Director, Office of Thrift Supervision), seconded by Director Thomas J. Curry (Appointive), concurred in by Vice Chairman Martin J. Gruenberg, Director John G. Walsh (Acting Comptroller of the Currency), and Chairman Sheila C. Bair, that Corporation business required its consideration of the matters which were to be the subject of this meeting on less than seven days’ notice to the public; that no earlier notice of the meeting was practicable; that the public interest did not require consideration of the matters in a meeting open to public observation; and that the matters could be considered in a closed meeting by authority of subsections (c)(2), (c)(4), (c)(6), (c)(8), (c)(9)(A)(ii), (c)(9)(B), and (c)(10) of the ‘‘Government in the Sunshine Act’’ (5 U.S.C. 552b(c)(2), (c)(4), (c)(6), (c)(8), (c)(9)(A)(ii), (c)(9)(B), and (c)(10)). The meeting was held in the Board Room of the FDIC Building located at 550 17th Street, NW., Washington, DC. E. Refund of Remaining Upfront Payment Balance 145. After the auction, applicants that are not winning bidders or are winning bidders whose upfront payment exceeded the total net amount of their winning bids may be entitled to a refund of some or all of their upfront payment. All refunds will be returned to the payer of record, as identified on the FCC Form 159, unless the payer submits written authorization instructing otherwise. Bidders that drop out of the auction completely (have exhausted all of their activity rule waivers and have no remaining bidding eligibility) may request a refund of their upfront payments before the close of the auction. PO 00000 Frm 00031 Fmt 4703 Sfmt 4703 [FR Doc. 2011–1375 Filed 1–20–11; 8:45 am] BILLING CODE 6712–01–P FEDERAL DEPOSIT INSURANCE CORPORATION Dated: January 18, 2011. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2011–1315 Filed 1–19–11; 11:15 am] BILLING CODE P FEDERAL MARITIME COMMISSION Sunshine Act Meeting Federal Maritime Commission. TIME AND DATE: January 26, 2011–10 a.m. AGENCY HOLDING THE MEETING: E:\FR\FM\21JAN1.SGM 21JAN1

Agencies

[Federal Register Volume 76, Number 14 (Friday, January 21, 2011)]
[Notices]
[Page 3906]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-1315]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Sunshine Act Meeting

    Pursuant to the provisions of the ``Government in the Sunshine 
Act'' (5 U.S.C. 552b), notice is hereby given that at 4:10 p.m. on 
Tuesday, January 18, 2011, the Board of Directors of the Federal 
Deposit Insurance Corporation met in closed session to consider matters 
related to the Corporation's supervision, corporate and resolution 
activities.
    In calling the meeting, the Board determined, on motion of Director 
John E. Bowman (Acting Director, Office of Thrift Supervision), 
seconded by Director Thomas J. Curry (Appointive), concurred in by Vice 
Chairman Martin J. Gruenberg, Director John G. Walsh (Acting 
Comptroller of the Currency), and Chairman Sheila C. Bair, that 
Corporation business required its consideration of the matters which 
were to be the subject of this meeting on less than seven days' notice 
to the public; that no earlier notice of the meeting was practicable; 
that the public interest did not require consideration of the matters 
in a meeting open to public observation; and that the matters could be 
considered in a closed meeting by authority of subsections (c)(2), 
(c)(4), (c)(6), (c)(8), (c)(9)(A)(ii), (c)(9)(B), and (c)(10) of the 
``Government in the Sunshine Act'' (5 U.S.C. 552b(c)(2), (c)(4), 
(c)(6), (c)(8), (c)(9)(A)(ii), (c)(9)(B), and (c)(10)).
    The meeting was held in the Board Room of the FDIC Building located 
at 550 17th Street, NW., Washington, DC.

    Dated: January 18, 2011.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2011-1315 Filed 1-19-11; 11:15 am]
BILLING CODE P
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