Substantial Business Activities; Correction, 39452-39453 [2012-16236]

Download as PDF 39452 Federal Register / Vol. 77, No. 128 / Tuesday, July 3, 2012 / Proposed Rules 29. From the Commission’s Home Page on the Internet, this information is available on eLibrary. The full text of this document is available on eLibrary in PDF and Microsoft Word format for viewing, printing, and/or downloading. To access this document in eLibrary, type the docket number excluding the last three digits of this document in the docket number field. 30. User assistance is available for eLibrary and the Commission’s Web site during normal business hours from the Commission’s Online Support at 202– 502–6652 (toll free at 1–866–208–3676) or email at ferconlinesupport@ferc.gov, or the Public Reference Room at (202) 502–8371, TTY (202) 502–8659. Email the Public Reference Room at public.referenceroom@ferc.gov. List of Subjects in 18 CFR Part 35 Electric power rates, Electric utilities, Reporting and recordkeeping requirements. By direction of the Commission. Commissioner Clark voting present. Nathaniel J. Davis, Sr., Deputy Secretary. 2. § 35.10b is revised to read as follows: Electric Quarterly Reports. * * * Electric Quarterly Reports must be prepared in conformance with the Commission’s guidance posted on the FERC Web site (https://www.ferc.gov) or as otherwise provided to the public. [FR Doc. 2012–15734 Filed 7–2–12; 8:45 am] BILLING CODE P DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT 24 CFR Chapter IX [Docket No. FR–5650–N–01] sroberts on DSK5SPTVN1PROD with PROPOSALS Native American Housing Assistance and Self-Determination Act of 1996: Notice of Intent To Initiate Negotiated Rulemaking Office of Assistant Secretary for Public and Indian Housing, HUD. ACTION: Notice of intent to initiate Negotiated Rulemaking. AGENCY: This document announces HUD’s intention to initiate Negotiated Rulemaking under the Negotiated VerDate Mar<15>2010 16:04 Jul 02, 2012 Jkt 226001 Rodger J. Boyd, Deputy Assistant Secretary for Native American Programs, Office of Public and Indian Housing, Department of Housing and Urban Development, 451 7th Street SW., Room 4126, Washington, DC 20410– 5000, telephone at 202–401–7914 (this is not a toll-free number). Persons with hearing or speech impediments may access this number through TTY by calling the toll-free Federal Relay Service at 800–877–8339 (this is a tollfree number). I. Background Authority. 16 U.S.C. 791a–825r, 2601– 2645; 31 U.S.C. 9701; 42 U.S.C. 7101–7352. SUMMARY: FOR FURTHER INFORMATION CONTACT: SUPPLEMENTARY INFORMATION: In consideration of the foregoing, the Commission proposes to amend 18 CFR part 35, Chapter I, Title 18,as follows: 1. The authority citation for part 35 continues to read as follows: § 35.10b Rulemaking Act for the purpose of developing regulatory changes to the funding formula for the Indian Housing Block Grant (IHBG) program authorized under the Native American Housing Assistance and Self-Determination Act of 1996 (NAHASDA). This document provides background information on the NAHASDA program and describes the steps in the negotiated rulemaking process. The Native American Housing Assistance and Self-Determination Act of 1996 (25 U.S.C. 4101 et seq.) (NAHASDA) changed the way that housing assistance is provided to Native Americans. NAHASDA eliminated several separate assistance programs and replaced them with a single block grant program, known as the Indian Housing Block Grant (IHBG) program. The regulations governing the IHBG formula allocation are codified in subpart D of part 1000 of HUD’s regulations in title 24 of the Code of Federal Regulations. In accordance with section 106 of NAHASDA, HUD developed the regulations with active tribal participation and using the procedures of the Negotiated Rulemaking Act of 1990 (5 U.S.C. 561– 570). Under the IHBG program, HUD makes assistance available to eligible Indian tribes for affordable housing activities. The amount of assistance made available to each Indian tribe is determined using a formula that was developed as part of the NAHASDA negotiated rulemaking process. Based on the amount of funding appropriated for the IHBG program, HUD calculates the annual grant for each Indian tribe and provides this information to the Indian tribes. An Indian Housing Plan for the Indian tribe is then submitted to HUD. If the Indian Housing Plan is found to be in compliance with statutory and regulatory requirements, the grant is made. PO 00000 Frm 00011 Fmt 4702 Sfmt 4702 Through this document, HUD announces its intent to initiate Negotiated Rulemaking to review the IHBG formula as required by program regulations. This document also provides an overview of the next steps in the negotiated rulemaking process. II. Negotiated Rulemaking The basic concept of negotiated rulemaking is to have the agency that is developing a regulation bring together representatives of affected interests for face-to-face negotiations. The give-andtake of the negotiation process is expected to foster constructive, creative and acceptable solutions to difficult problems. Section 564 of the Negotiated Rulemaking Act of 1990 requires that an agency publish document(s) in the Federal Register to do the following: announce its intent to establish a negotiated rulemaking committee; to solicit nominations for selection to the committee; to provide a list of the proposed committee membership, and to provide certain other information regarding the formation of the committee. HUD intends to publish such documents in the near future. Dated: June 26, 2012. Sandra Henriquez, Assistant Secretary for Public and Indian Housing. [FR Doc. 2012–16146 Filed 7–2–12; 8:45 am] BILLING CODE 4210–67–P DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Part 1 [REG–107889–12] RIN 1545–BK85 Substantial Business Activities; Correction Internal Revenue Service (IRS), Treasury. ACTION: Correction to a notice of proposed rulemaking by cross-reference to temporary regulations. AGENCY: This document corrects a notice of proposed rulemaking by crossreference to temporary regulations (REG–107889–12) that was published in the Federal Register on Tuesday, June 12, 2012 (77 FR 34887) regarding whether a foreign corporation has substantial business activities in a foreign country. FOR FURTHER INFORMATION CONTACT: Concerning the proposed regulations, SUMMARY: E:\FR\FM\03JYP1.SGM 03JYP1 Federal Register / Vol. 77, No. 128 / Tuesday, July 3, 2012 / Proposed Rules Mary W. Lyons, (202) 622–3860; and David A. Levine, (202) 622–3860, and regarding the submission of public comments and the public hearing, Ms. Oluwafunmilayo (Funmi) Taylor, at (202) 622–7180 (not toll-free numbers). DEPARTMENT OF HOMELAND SECURITY SUPPLEMENTARY INFORMATION: [Docket No. USCG–2012–0109] Coast Guard 33 CFR Part 100 Background RIN 1625—AA08 The notice of proposed rulemaking by cross-reference to temporary regulations (REG–107889–12) that is the subject of this correction is under section 7874 of the Internal Revenue Code. Special Local Regulations for Marine Events; Temporary Change of Dates for Recurring Marine Events in the Fifth Coast Guard District, Bogue Sound; Morehead City, NC Coast Guard, DHS. ACTION: Proposed rule; withdrawal. AGENCY: Need for Correction As published, REG–107889–12, contains an error that may prove to be misleading and is in need of clarification. Correction of Publication sroberts on DSK5SPTVN1PROD with PROPOSALS Accordingly, the publication of the correction to a notice of proposed rulemaking by cross-reference to temporary regulations (REG–107889– 12), which was the subject of FR. Doc. 2012–14238, is corrected as follows: On page 34887, column 3, in the preamble, under the paragraph heading ‘‘Special Analyses:’’, the paragraph is replaced in its entirety, and is corrected to read ‘‘It has been determined that this notice of proposed rulemaking is not a significant regulatory action as defined in Executive Order 12866. Therefore, a regulatory assessment is not required. It also has been determined that section 553(b) of the Administrative Procedure Act (5 U.S.C. chapter 5) does not apply to the regulations, and because the regulations do not impose a collection of information on small entities, the requirements of the Regulatory Flexibility Act (5 U.S.C. chapter 6) do not apply. Accordingly, a regulatory flexibility analysis is not required. Pursuant to section 7805(f) of the Code, the regulations have been submitted to the Chief Counsel for Advocacy of the Small Business Administration for comment on their impact on small business.’’ LaNita Van Dyke, Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration). [FR Doc. 2012–16236 Filed 7–2–12; 8:45 am] BILLING CODE 4830–01–P VerDate Mar<15>2010 16:04 Jul 02, 2012 Jkt 226001 The Coast Guard is withdrawing its proposed rule concerning a temporary change of the enforcement period for a special local regulation of a recurring marine event in the Fifth Coast Guard District. The proposed rule was initiated to alter the date of the ‘‘Crystal Coast Super Boat Grand Prix,’’ conducted on the waters of Bogue Sound near Morehead City, North Carolina. No new rulemaking will be initiated on this matter; rather, the event will be held as detailed in the existing regulation. DATES: The proposed rule is withdrawn on July 3, 2012. ADDRESSES: The docket for this withdrawn rulemaking is available for inspection or copying at the Docket Management Facility (M–30), U.S. Department of Transportation, West Building Ground Floor, Room W12–140, 1200 New Jersey Avenue SE., Washington, DC 20590, between 9 a.m. and 5 p.m., Monday through Friday, except Federal holidays. You may also find this docket on the Internet by going to https://www.regulations.gov, inserting USCG–2012–0109 in the ‘‘Keyword’’ box, and then clicking ‘‘Search.’’ FOR FURTHER INFORMATION CONTACT: If you have questions about this notice, call or email BOSN3 Joseph M. Edge, Coast Guard Sector North Carolina, Coast Guard; telephone 252–247–4525, email Joseph.M.Edge@uscg.mil. If you have questions on viewing material in the docket, call Renee V. Wright, Program Manager, Docket Operations, telephone 202–366–9826. SUPPLEMENTARY INFORMATION: SUMMARY: Background On March 15, 2012, we published a notice of proposed rulemaking entitled ’’Special Local Regulations for Marine Events; Temporary Change of Dates for Recurring Marine Events in the Fifth Coast Guard District, Bogue Sound; Morehead City, NC’’ in the Federal PO 00000 Frm 00012 Fmt 4702 Sfmt 4702 39453 Register (77 FR 15320). The proposed rulemaking would have altered the period of enforcement of the Special Local Regulation listed in 33 CFR 100.501(d)(3). The subject event was going to be rescheduled from the fourth or last Sunday in September to the third Saturday and Sunday in September. The proposed regulation would have closed a portion of the waters of Bogue Sound to vessel traffic during the boat race during the altered period of enforcement. No other changes to the underlying regulation were proposed. Withdrawal The sponsor of the ‘‘Crystal Coast Super Boat Grand Prix’’ has informed the Coast Guard that he will hold the event on a date within the limitations published and listed in 33 CFR 100.501(d)(3). Authority We issue this notice of withdrawal under the authority of 5 U.S.C. 552(a), 44 U.S.C. 1505(a)(3), and 33 CFR 1.05–1. Dated: June 11, 2012. A. Popiel, Captain, U.S. Coast Guard, Captain of the Port North Carolina. [FR Doc. 2012–16293 Filed 7–2–12; 8:45 am] BILLING CODE 9110–04–P DEPARTMENT OF HOMELAND SECURITY Coast Guard 33 CFR Part 165 [Docket Number USCG–2012–0569] RIN 1625–AA00 Safety Zone; Head of the Cuyahoga and U.S. Rowing Masters Head Race National Championship, Cuyahoga River, Cleveland, OH Coast Guard, DHS. Notice of proposed rulemaking. AGENCY: ACTION: The Coast Guard proposes to establish a temporary safety zone on the Cuyahoga River, Cleveland, OH. This proposed rule is intended to restrict vessels from a portion of the Cuyahoga River during the Head of the Cuyahoga and the U.S. Rowing Masters Head Race International Championship. The safety zone established by this proposed rule is necessary to protect spectators, participants, and vessels from the hazards associated with rowing regattas. DATES: Comments and related material must be received by the Coast Guard on or before August 2, 2012. SUMMARY: E:\FR\FM\03JYP1.SGM 03JYP1

Agencies

[Federal Register Volume 77, Number 128 (Tuesday, July 3, 2012)]
[Proposed Rules]
[Pages 39452-39453]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-16236]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-107889-12]
RIN 1545-BK85


Substantial Business Activities; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to a notice of proposed rulemaking by cross-
reference to temporary regulations.

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SUMMARY: This document corrects a notice of proposed rulemaking by 
cross-reference to temporary regulations (REG-107889-12) that was 
published in the Federal Register on Tuesday, June 12, 2012 (77 FR 
34887) regarding whether a foreign corporation has substantial business 
activities in a foreign country.

FOR FURTHER INFORMATION CONTACT: Concerning the proposed regulations,

[[Page 39453]]

Mary W. Lyons, (202) 622-3860; and David A. Levine, (202) 622-3860, and 
regarding the submission of public comments and the public hearing, Ms. 
Oluwafunmilayo (Funmi) Taylor, at (202) 622-7180 (not toll-free 
numbers).

SUPPLEMENTARY INFORMATION: 

Background

    The notice of proposed rulemaking by cross-reference to temporary 
regulations (REG-107889-12) that is the subject of this correction is 
under section 7874 of the Internal Revenue Code.

Need for Correction

    As published, REG-107889-12, contains an error that may prove to be 
misleading and is in need of clarification.

Correction of Publication

    Accordingly, the publication of the correction to a notice of 
proposed rulemaking by cross-reference to temporary regulations (REG-
107889-12), which was the subject of FR. Doc. 2012-14238, is corrected 
as follows:
    On page 34887, column 3, in the preamble, under the paragraph 
heading ``Special Analyses:'', the paragraph is replaced in its 
entirety, and is corrected to read ``It has been determined that this 
notice of proposed rulemaking is not a significant regulatory action as 
defined in Executive Order 12866. Therefore, a regulatory assessment is 
not required. It also has been determined that section 553(b) of the 
Administrative Procedure Act (5 U.S.C. chapter 5) does not apply to the 
regulations, and because the regulations do not impose a collection of 
information on small entities, the requirements of the Regulatory 
Flexibility Act (5 U.S.C. chapter 6) do not apply. Accordingly, a 
regulatory flexibility analysis is not required. Pursuant to section 
7805(f) of the Code, the regulations have been submitted to the Chief 
Counsel for Advocacy of the Small Business Administration for comment 
on their impact on small business.''

LaNita Van Dyke,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2012-16236 Filed 7-2-12; 8:45 am]
BILLING CODE 4830-01-P

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