Airworthiness Directives; PIAGGIO AERO INDUSTRIES S.p.A Model PIAGGIO P-180 Airplanes, 36980-36981 [2011-15810]
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36980
Federal Register / Vol. 76, No. 122 / Friday, June 24, 2011 / Rules and Regulations
jlentini on DSK4TPTVN1PROD with RULES
Plans qualifying as eligible deferred
compensation plans under § 457(b) of
the IRC exhibit characteristics that are
similar to the more common § 401(k)
deferred compensation plans that many
employers make available to their
employees. For example, the amount of
income that may be deferred under such
a plan is equivalent to that which may
be deferred under § 401, which for 2011
is $16,500. As with § 401 plans,
moreover, manipulation of the timing
and amount of the payout are also
closely circumscribed by law. For
example, these plans may not typically
provide for an in-service distribution
prior to retirement. Accordingly, the
Board intended for § 457(b) plans to be
treated like § 401 plans and excluded
from the definition of golden parachute
payment.
Although the preamble to the final
rule makes reference to plans under
subsections (b) and (f) of § 457, it does
not provide any substantive discussion
concerning the differences between
them. In fact, however, plans that are
permissible under the latter subsection
are significantly broader and are
accorded much greater flexibility in
terms of structure, vesting, etc. The
intent of the rule has always been that
§ 457(f) plans must also meet the ‘‘bona
fide’’ criteria outlined in § 750.1(c) to
qualify as exceptions to the otherwise
applicable golden parachute
restrictions. Because of the limits
inherent in § 457(b) and the constraints
governing plans offered under that
subsection, the Board intended to
specify that only § 457(b) plans are
excluded by definition from the term
golden parachute payment.
This interim final rule amends
§ 750.1(e) to clarify that plans offered by
FICUs under § 457(b) of the IRC are
excluded from the definition of golden
parachute payment. Plans offered under
§ 457(f), however, must meet the ‘‘bona
fide’’ criteria outlined in § 750.1(c) to
qualify as exceptions to the golden
parachute payment definition.
C. Interim Final Rule
NCUA is issuing this rulemaking as
an interim final rule effective as of June
27, 2011, which is the date the new part
750 will take effect. 76 FR 30510 (May
26, 2011). The Administrative
Procedure Act (APA), 5 U.S.C. 553,
generally requires that before a
rulemaking can be finalized it must first
be published as a notice of proposed
rulemaking with the opportunity for
public comment, unless the agency for
good cause finds that notice and public
comment are impracticable,
unnecessary, or contrary to the public
interest. In this regard, NCUA believes
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18:39 Jun 23, 2011
Jkt 223001
good cause exists for issuing this
clarifying amendment as an interim
final rule, in order to coordinate with
the effective date of the new part 750 as
well as eliminate as soon as possible
any confusion resulting from preamble
language that is inconsistent with, or
makes ambiguous, the associated
regulatory text. To that extent, NCUA
believes issuing this rulemaking as an
interim final rule is in the public
interest. NCUA does not anticipate
comments on this change and so is
allowing only a 30-day comment period.
D. Regulatory Procedures
Regulatory Flexibility Act
The Regulatory Flexibility Act
requires NCUA to prepare an analysis to
describe any significant economic
impact any proposed regulation may
have on a substantial number of small
entities (those under $10 million in
assets). This interim final rule provides
clarification regarding the applicability
of one of the exceptions to otherwise
applicable regulatory restrictions.
Accordingly, it will not have a
significant economic impact on a
substantial number of small credit
unions, and therefore, no regulatory
flexibility analysis is required.
The Treasury and General Government
Appropriations Act, 1999—Assessment
of Federal Regulations and Policies on
Families
NCUA has determined that this rule
will not affect family well-being within
the meaning of section 654 of the
Treasury and General Government
Appropriations Act, 1999, Public Law
105–277, 112 Stat. 2681 (1998).
Small Business Regulatory Enforcement
Fairness Act
The Small Business Regulatory
Enforcement Fairness Act of 1996 (Pub.
L. 104–121) (SBREFA) provides
generally for congressional review of
agency rules. A reporting requirement is
triggered in instances where NCUA
issues a final rule as defined by Section
551 of the APA. 5 U.S.C. 551. NCUA
does not believe this final rule is a
‘‘major rule’’ within the meaning of the
relevant sections of SBREFA. NCUA has
submitted the rule to the Office of
Management and Budget for its
determination in that regard.
Paperwork Reduction Act
The Paperwork Reduction Act of 1995
(PRA) applies to rulemakings in which
an agency by rule creates a new
paperwork burden on regulated entities
or modifies an existing burden. 44
U.S.C. 3507(d); 5 CFR part 1320. For
purposes of the PRA, a paperwork
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Frm 00020
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Sfmt 4700
burden may take the form of either a
reporting or a recordkeeping
requirement, both referred to as
information collections. These technical
corrections do not impose any new
paperwork burden.
List of Subjects in 12 CFR Part 750
Credit unions, Golden parachute
payments, Indemnity payments.
By the National Credit Union
Administration Board, this 17th day of June
2011.
Mary F. Rupp,
Secretary of the Board.
For the reasons stated in the
preamble, the National Credit Union
Administration amends 12 CFR part 750
as set forth below:
PART 750—GOLDEN PARACHUTE
AND INDEMNIFICATION PAYMENTS
1. The authority citation for part 750
continues to read as follows:
■
Authority: 12 U.S.C. 1786(t).
2. Revise the definition of ‘‘Golden
Parachute Payment’’ in § 750.1(e) to
read as follows:
■
§ 750.1
Definitions.
*
*
*
*
*
(e) Golden parachute payment
* * *
(2) Exceptions. The term golden
parachute payment does not include:
(i) Any payment made pursuant to a
deferred compensation plan under
section 457(b) of the Internal Revenue
Code of 1986, 26 U.S.C. 457(b), or a
pension or retirement plan that is
qualified or is intended within a
reasonable period of time to be qualified
under section 401 of the Internal
Revenue Code of 1986, 26 U.S.C. 401; or
(ii) * * *
[FR Doc. 2011–15729 Filed 6–23–11; 8:45 am]
BILLING CODE 7535–01–P
DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration
14 CFR Part 39
[Docket No. FAA–2011–0468; Directorate
Identifier 2011–CE–013–AD; Amendment
39–16697; AD 2011–09–51]
RIN 2120–AA64
Airworthiness Directives; PIAGGIO
AERO INDUSTRIES S.p.A Model
PIAGGIO P–180 Airplanes
Federal Aviation
Administration (FAA), DOT.
ACTION: Final rule; correction.
AGENCY:
E:\FR\FM\24JNR1.SGM
24JNR1
Federal Register / Vol. 76, No. 122 / Friday, June 24, 2011 / Rules and Regulations
The FAA is correcting an
airworthiness directive (AD) that
published in the Federal Register. That
AD applies to the products listed above.
The AD number in the preamble on the
first page of the AD is incorrect. This
document corrects that error. In all other
respects, the original document remains
the same.
DATES: This final rule is effective June
24, 2011. The effective date for AD
2011–09–51 remains May 31, 2011.
ADDRESSES: You may examine the AD
docket on the Internet at https://
www.regulations.gov; or in person at the
Docket Management Facility between
9 a.m. and 5 p.m., Monday through
Friday, except Federal holidays. The AD
docket contains this AD, the regulatory
evaluation, any comments received, and
other information. The address for the
Docket Office (phone: 800–647–5527) is
Document Management Facility, U.S.
Department of Transportation, Docket
Operations, M–30, West Building
Ground Floor, Room W12–140, 1200
New Jersey Avenue, SE., Washington,
DC 20590.
FOR FURTHER INFORMATION CONTACT:
Mike Kiesov, Aerospace Engineer, Small
Airplane Directorate, FAA, 901 Locust,
Kansas City, MO 64106; phone: (816)
329–4144; fax: (816) 329–4090; e-mail:
mike.kiesov@faa.gov.
SUPPLEMENTARY INFORMATION:
Airworthiness Directive 2011–09–51,
Amendment 39–16697 (76 FR 27872,
May 13, 2011), currently requires an
inspection and functional test of the
valves and drain holes in the fuselage
and requires sending a report of the
results to Piaggio. If the valves and drain
holes are found to not drain properly
and where no additional drain holes
have been drilled, then there is a
requirement to drill additional drain
holes.
As published, the AD number
specified in the preamble section of the
first page is incorrect.
No other part of the preamble or
regulatory information has been
changed; therefore, only the changed
portion of the final rule is being
published in the Federal Register.
The effective date of AD 2011–09–51
remains May 31, 2011.
jlentini on DSK4TPTVN1PROD with RULES
SUMMARY:
Correction of Non-Regulatory Text
In the Federal Register of May 13,
2011, AD 2011–09–51, Amendment 39–
16697, on page 27872, in the 3rd
column, on line 3 of the agency
identification number section of the
preamble of AD 2011–09–51, the AD
number is incorrectly referenced as AD
2011–10–16. This correction changes
that AD number to AD 2011–09–51.
VerDate Mar<15>2010
16:28 Jun 23, 2011
Jkt 223001
Issued in Kansas City, Missouri, on June
20, 2011.
Earl Lawrence,
Manager, Small Airplane Directorate, Aircraft
Certification Service.
[FR Doc. 2011–15810 Filed 6–23–11; 8:45 am]
BILLING CODE 4910–13–P
DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration
14 CFR Part 39
[Docket No. FAA–2011–0445; Directorate
Identifier 2011–NE–14–AD; Amendment 39–
16727; AD 2011–13–04]
RIN 2120–AA64
Airworthiness Directives; Rolls-Royce
plc RB211—Trent 500 Series Turbofan
Engines
Federal Aviation
Administration (FAA), DOT.
ACTION: Final rule; request for
comments.
AGENCY:
We are adopting a new
airworthiness directive (AD) for the
products listed above. This AD results
from mandatory continuing
airworthiness information (MCAI)
issued by an aviation authority of
another country to identify and correct
an unsafe condition on an aviation
product. The MCAI describes the unsafe
condition as:
SUMMARY:
A Trent 500 engine has been found with
thermal distress of the Intermediate Pressure
(IP) Turbine Nozzle Guide Vanes. The
resultant investigation found the root cause
to be carbon blockage of the fuel spray
nozzles. The source of the carbon has been
identified to be the RH fuel manifold
assembly. Analysis has verified that low fuel
velocity and thermal input may cause
formation of carbon in a specific region of the
RH fuel manifold. As advanced thermal
distress of IP Turbine components may
potentially result in uncontained, high
energy debris release, the formation of carbon
in the RH fuel manifold constitutes a
potentially unsafe condition. To address and
correct this unsafe condition, Rolls Royce
have developed a cleaning or replacement
programme of the RH fuel manifold and an
optional part replacement.
We are issuing this AD to prevent the
release of uncontained high-energy
debris in the event of IP turbine
component failure, which could result
in damage to the airplane.
DATES: This AD becomes effective July
11, 2011.
We must receive comments on this
AD by July 25, 2011.
ADDRESSES: You may send comments by
any of the following methods:
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36981
• Federal eRulemaking Portal: Go to
https://www.regulations.gov and follow
the instructions for sending your
comments electronically.
• Mail: U.S. Department of
Transportation, 1200 New Jersey
Avenue, SE., West Building Ground
Floor, Room W12–140, Washington, DC
20590–0001.
• Hand Delivery: Deliver to Mail
address above between 9 a.m. and
5 p.m., Monday through Friday, except
Federal holidays.
• Fax: (202) 493–2251.
Examining the AD Docket
You may examine the AD docket on
the Internet at https://
www.regulations.gov; or in person at the
Docket Operations office between 9 a.m.
and 5 p.m., Monday through Friday,
except Federal holidays. The AD docket
contains this AD, the regulatory
evaluation, any comments received, and
other information. The street address for
the Docket Operations office (telephone
(800) 647–5527) is the same as the Mail
address provided in the ADDRESSES
section. Comments will be available in
the AD docket shortly after receipt.
FOR FURTHER INFORMATION CONTACT:
Alan Strom, Aerospace Engineer, Engine
Certification Office, FAA, Engine &
Propeller Directorate, 12 New England
Executive Park, Burlington, MA 01803;
telephone 781–238–7143; fax 781–238–
7199; e-mail: alan.strom@faa.gov.
SUPPLEMENTARY INFORMATION:
Discussion
The European Aviation Safety Agency
(EASA), which is the Technical Agent
for the Member States of the European
Community, has issued EASA
Airworthiness Directive 2011–0050,
dated March 21, 2011 (referred to after
this as ‘‘the MCAI’’), to correct an unsafe
condition for the specified products.
The MCAI states:
A Trent 500 engine has been found with
thermal distress of the Intermediate Pressure
(IP) Turbine Nozzle Guide Vanes. The
resultant investigation found the root cause
to be carbon blockage of the fuel spray
nozzles. The source of the carbon has been
identified to be the RH fuel manifold
assembly. Analysis has verified that low fuel
velocity and thermal input may cause
formation of carbon in a specific region of the
RH fuel manifold. As advanced thermal
distress of IP Turbine components may
potentially result in uncontained, high
energy debris release, the formation of carbon
in the RH fuel manifold constitutes a
potentially unsafe condition. To address and
correct this unsafe condition, Rolls Royce
have developed a cleaning or replacement
programme of the RH fuel manifold and an
optional part replacement.
E:\FR\FM\24JNR1.SGM
24JNR1
Agencies
[Federal Register Volume 76, Number 122 (Friday, June 24, 2011)]
[Rules and Regulations]
[Pages 36980-36981]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-15810]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration
14 CFR Part 39
[Docket No. FAA-2011-0468; Directorate Identifier 2011-CE-013-AD;
Amendment 39-16697; AD 2011-09-51]
RIN 2120-AA64
Airworthiness Directives; PIAGGIO AERO INDUSTRIES S.p.A Model
PIAGGIO P-180 Airplanes
AGENCY: Federal Aviation Administration (FAA), DOT.
ACTION: Final rule; correction.
-----------------------------------------------------------------------
[[Page 36981]]
SUMMARY: The FAA is correcting an airworthiness directive (AD) that
published in the Federal Register. That AD applies to the products
listed above. The AD number in the preamble on the first page of the AD
is incorrect. This document corrects that error. In all other respects,
the original document remains the same.
DATES: This final rule is effective June 24, 2011. The effective date
for AD 2011-09-51 remains May 31, 2011.
ADDRESSES: You may examine the AD docket on the Internet at https://www.regulations.gov; or in person at the Docket Management Facility
between 9 a.m. and 5 p.m., Monday through Friday, except Federal
holidays. The AD docket contains this AD, the regulatory evaluation,
any comments received, and other information. The address for the
Docket Office (phone: 800-647-5527) is Document Management Facility,
U.S. Department of Transportation, Docket Operations, M-30, West
Building Ground Floor, Room W12-140, 1200 New Jersey Avenue, SE.,
Washington, DC 20590.
FOR FURTHER INFORMATION CONTACT: Mike Kiesov, Aerospace Engineer, Small
Airplane Directorate, FAA, 901 Locust, Kansas City, MO 64106; phone:
(816) 329-4144; fax: (816) 329-4090; e-mail: mike.kiesov@faa.gov.
SUPPLEMENTARY INFORMATION: Airworthiness Directive 2011-09-51,
Amendment 39-16697 (76 FR 27872, May 13, 2011), currently requires an
inspection and functional test of the valves and drain holes in the
fuselage and requires sending a report of the results to Piaggio. If
the valves and drain holes are found to not drain properly and where no
additional drain holes have been drilled, then there is a requirement
to drill additional drain holes.
As published, the AD number specified in the preamble section of
the first page is incorrect.
No other part of the preamble or regulatory information has been
changed; therefore, only the changed portion of the final rule is being
published in the Federal Register.
The effective date of AD 2011-09-51 remains May 31, 2011.
Correction of Non-Regulatory Text
In the Federal Register of May 13, 2011, AD 2011-09-51, Amendment
39-16697, on page 27872, in the 3rd column, on line 3 of the agency
identification number section of the preamble of AD 2011-09-51, the AD
number is incorrectly referenced as AD 2011-10-16. This correction
changes that AD number to AD 2011-09-51.
Issued in Kansas City, Missouri, on June 20, 2011.
Earl Lawrence,
Manager, Small Airplane Directorate, Aircraft Certification Service.
[FR Doc. 2011-15810 Filed 6-23-11; 8:45 am]
BILLING CODE 4910-13-P