General Allocation and Accounting Regulations Under Section 141; Remedial Actions for Tax-Exempt Bonds; Correction, 74677-74678 [2015-30322]

Download as PDF Federal Register / Vol. 80, No. 229 / Monday, November 30, 2015 / Rules and Regulations Airmen. The effective date and time will thereafter be continuously published in the Airport/Facility Directory.’’ from the regulatory text of the Class E airspace designated as an extension to Class D at Elmira/Corning Regional Airport, Elmira, NY; Ithaca Tompkins Regional Airport, Ithaca, NY; and Duchess County Airport, Poughkeepsie, NY. Additionally, the geographic coordinates for each airport are updated to be in concert with the FAA’s aeronautical database. Also the FAA recognizes the airport’s name change from Tompkins County Airport, Ithaca, NY, to Ithaca Tomkins Regional Airport, Ithaca, NY. This is an administrative change amending the description for the above New York airports, to be in concert with the FAAs aeronautical database, and does not affect the boundaries, or operating requirements of the airspace, therefore, notice and public procedure under 5 U.S.C. 553(b) are unnecessary. Adoption of the Amendment In consideration of the foregoing, the Federal Aviation Administration amends 14 CFR Part 71 as follows: PART 71—DESIGNATION OF CLASS A, B, C, D, AND E AIRSPACE AREAS; AIR TRAFFIC SERVICE ROUTES; AND REPORTING POINTS 1. The authority citation for Part 71 continues to read as follows: ■ Authority: 49 U.S.C. 106(f), 106(g); 40103, 40113, 40120, E.O. 10854, 24 FR 9565, 3 CFR, 1959–1963 Comp., p. 389. § 71.1 [Amended] 2. The incorporation by reference in 14 CFR 71.1 of FAA Order 7400.9Z, Airspace Designations and Reporting Points, dated August 6, 2015, effective September 15, 2015, is amended as follows: ■ Paragraph 6004 Class E Airspace Designated as an Extension to a Class D Surface Area Regulatory Notices and Analyses * The FAA has determined that this regulation only involves an established body of technical regulations for which frequent and routine amendments are necessary to keep them operationally current. It, therefore: (1) Is not a ‘‘significant regulatory action’’ under Executive Order 12866; (2) is not a ‘‘significant rule’’ under DOT Regulatory Policies and Procedures (44 FR 11034; February 26, 1979); and (3) does not warrant preparation of a regulatory evaluation as the anticipated impact is so minimal. Since this is a routine matter that only affects air traffic procedures and air navigation, it is certified that this rule, when promulgated, does not have a significant economic impact on a substantial number of small entities under the criteria of the Regulatory Flexibility Act. AEA NY E4 Elmira, NY [Amended] Elmira/Corning Regional Airport, Elmira, NY (Lat. 42°09′35″ N., long 76°53′30″ W.) Elmira VOR/DME (Lat. 42°05′40″ N., long 77°01′29″.) ERINN OM (Lat. 42°12′18″ N., long. 76°49′09″ W.) jstallworth on DSK7TPTVN1PROD with RULES Environmental Review The FAA has determined that this action qualifies for categorical exclusion under the National Environmental Policy Act in accordance with FAA Order 1050.1F, ‘‘Environmental Impacts: Policies and Procedures,’’ paragraph 311a. This airspace action is not expected to cause any potentially significant environmental impacts, and no extraordinary circumstances exist that warrant preparation of an environmental assessment. Lists of Subjects in 14 CFR Part 71 Airspace, Incorporation by reference, Navigation (air). VerDate Sep<11>2014 15:17 Nov 27, 2015 Jkt 238001 * * * * That airspace extending upward from the surface within 1.8 miles each side of the Elmira VOR/DME 057° radial extending from the 4.2-mile radius to the VOR/DME and within 1.8 miles each side of the Elmira/ Corning Regional Airport ILS localizer northeast course extending from the 4.2-mile radius to 1.8 miles northeast of the ERINN OM and within 1.8 miles each side of the centerline of Runway 10 extended easterly from the 4.2-mile radius of the airport for 1.1 miles and within 1.8 miles each side of the centerline of Runway 28 extended westerly from the 4.2-mile radius for 3.7 miles. * * * * * AEA NY E4 Ithaca, NY [Amended] Ithaca Tompkins Regional Airport, Ithaca, NY (Lat. 42°29′29″ N., long. 76°27′31″ W.) Ithaca VOR/DME (Lat. 42°29′42″ N., long. 76°27′35″ W.) That airspace extending upward from the surface from the 4-mile radius of the Tompkins Regional Airport to the 5.7-mile radius of the Tompkins Regional Airport clockwise from the 329° bearing to the 081° bearing from the airport, that airspace from the 4-mile radius of Tompkins County Airport to the 8.7-mile radius of the Tompkins Regional Airport extending clockwise from the 081° bearing to the 137° from the airport, that airspace from the 4mile radius of Tompkins Regional Airport to the 6.6-mile radius of the Tompkins Regional Airport extending clockwise from the 137° bearing to the 170° bearing from the airport, PO 00000 Frm 00005 Fmt 4700 Sfmt 4700 74677 that airspace from the 4-mile radius to the 5.7-mile radius of the Tompkins Regional Airport extending clockwise from the 170° bearing to the 196° bearing from the airport and that airspace within 2.7 miles each side of the Ithaca VOR/DME 305° radial extending from the 4-mile radius of Tompkins Regional Airport to 7.4 miles northwest of the Ithaca VOR/DME. * * * * * AEA NY E4 Poughkeepsie, NY [Amended] Dutchess County Airport, Poughkeepsie, NY (Lat. 41°37′36″ N., long. 73°53′03″ W.) Kingston VORTAC (Lat. 41°39′55″ N., long. 73°49′20″ W.) That airspace extending upward from the surface within 3.1 miles each side of the Kingston VORTAC 025° radial extending from the VORTAC to 8.3 miles northeast of the VORTAC and within 1.8 miles each side of the Kingston VORTAC 231° radial extending from the 4-mile radius to 9.2 miles southwest of the VORTAC and within 3.1 miles each side of the Kingston VORTAC 050° radial extending from the VORTAC to 9.2 miles northeast of the VORTAC. Issued in College Park, Georgia, on November 17, 2015. Ryan W. Almasy, Acting Manager, Operations Support Group, Eastern Service Center, Air Traffic Organization. [FR Doc. 2015–30187 Filed 11–27–15; 8:45 am] BILLING CODE 4910–13–P DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Part 1 [TD 9741] RIN 1545–BB23; 1545–BC07; 1545–BH48 General Allocation and Accounting Regulations Under Section 141; Remedial Actions for Tax-Exempt Bonds; Correction Internal Revenue Service (IRS), Treasury. ACTION: Final regulations; correcting amendment. AGENCY: This document contains corrections to final regulations (TD 9741) that were published in the Federal Register on Tuesday, October 27, 2015 (80 FR 65637). The final regulations provide guidance on allocation and accounting, and certain remedial actions, for purposes of the private activity bond restrictions under section 141of the Internal Revenue Code that apply to tax-exempt bonds issued by State and local governments. DATES: This correction is effective November 30, 2015 and applicable October 27, 2015. SUMMARY: E:\FR\FM\30NOR1.SGM 30NOR1 74678 Federal Register / Vol. 80, No. 229 / Monday, November 30, 2015 / Rules and Regulations FOR FURTHER INFORMATION CONTACT: DEPARTMENT OF THE TREASURY Johanna Som de Cerff or Zoran Stojanovic at (202) 317–6980 (not a tollfree number). Internal Revenue Service SUPPLEMENTARY INFORMATION: 26 CFR Part 1 [TD 9741] Background RIN 1545–BB23; 1545–BC07; 1545–BH48 The final regulations (TD 9741) that are the subject of this correction are under section 141 of the Internal Revenue Code. General Allocation and Accounting Regulations Under Section 141; Remedial Actions for Tax-Exempt Bonds; Correction Need for Correction Internal Revenue Service (IRS), Treasury. ACTION: Final regulations; correction. AGENCY: As published, the final regulations (TD 9741) contains an error that may prove to be misleading and is in need of clarification. This document contains corrections to final regulations (TD 9741) that were published in the Federal Register on Tuesday, October 27, 2015 (80 FR 65637). The final regulations on allocation and accounting, and certain remedial actions, for purposes of the private activity bond restrictions under section 141of the Internal Revenue Code that apply to tax-exempt bonds issued by State and local governments. DATES: This correction is effective November 30, 2015 and applicable October 27, 2015. FOR FURTHER INFORMATION CONTACT: Johanna Som de Cerff or Zoran Stojanovic at (202) 317–6980 (not a tollfree number). SUPPLEMENTARY INFORMATION: SUMMARY: List of Subjects in 26 CFR Part 1 Income taxes, Reporting and recordkeeping requirements. Correction of Publication Accordingly, 26 CFR part 1 is corrected by making the following correcting amendment: PART 1—INCOME TAXES Paragraph 1. The authority citation for part 1 continues to read in part as follows: ■ Authority: 26 U.S.C. 7805 * * * Par. 2. Section 1.141–15 is amended by revising paragraph (l)(1) to read as follows: ■ § 1.41–15 Effective/applicability dates. * * * * (l) * * * (1) In general. Except as otherwise provided in this section, §§ 1.141–1(e), 1.141–3(g)(2)(v), 1.141–6, 1.141–13(d), and 1.145–2(b)(4), (b)(5), and (c)(2) apply to bonds that are sold on or after January 25, 2016, and to which the 1997 regulations (as defined in paragraph (b)(1) of this section) apply. * * * * * Martin V. Franks, Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration). jstallworth on DSK7TPTVN1PROD with RULES BILLING CODE 4830–01–P VerDate Sep<11>2014 15:17 Nov 27, 2015 Jkt 238001 Martin V. Franks, Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration). [FR Doc. 2015–30321 Filed 11–27–15; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF DEFENSE Office of the Secretary 32 CFR Part 88 [Docket ID: DOD–2013–OS–0236] RIN 0790–AJ17 Transition Assistance Program (TAP) for Military Personnel Background * [FR Doc. 2015–30322 Filed 11–27–15; 8:45 am] funds other than tax-exempt bond proceeds to finance portions of projects that are expected to be used for private business use in the future. The intent of this proposed rule was to encourage retirement of tax-exempt bonds before the occurrence of nonqualified use’’. 2. On page 65642, in the preamble, first column, first sentence of the third full paragraph, under paragraph heading ‘‘Nonqualified Bonds,’’ the language ‘‘Commenters generally agreed with the proposed change that allows any bonds of any issue to be treated as the’’ is corrected to read ‘‘Commenters generally agreed with the proposed change that allows any bonds of an issue to be treated as the’’. AGENCY: The final regulations (TD 9741) that are the subject of this correction are under sections 141 of the Internal Revenue Code. SUMMARY: Need for Correction As published, the final regulations (TD 9741) contain errors that may prove to be misleading and are in need of clarification. Correction of Publication Accordingly, the final regulations (TD 9741), that are subject to FR Doc. 2015– 27328, are corrected as follows: 1. On page 65641, in the preamble, third column, the second and third sentences of the first full paragraph, under paragraph heading ‘‘Anticipatory Redemptions, ’’the language ‘‘This allows targeting of funds other than taxexempt bond proceeds to finance portions of projects that are expected to be used for private business use in the future. The intent of this proposed rule is to encourage retirement of tax-exempt bonds before the occurrence of nonqualified use.’’ is corrected to read ‘‘This would have allowed targeting of PO 00000 Frm 00006 Fmt 4700 Sfmt 4700 Under Secretary of Defense for Personnel and Readiness, DoD. ACTION: Interim final rule. This rule establishes policy, assigns responsibilities, and prescribes procedures for administration of the DoD Transition Assistance Program (TAP). The goal of TAP is to prepare all eligible members of the Military Services for a transition to civilian life, including preparing them to meet Career Readiness Standards (CRS). The TAP provides information and training to ensure Service members leaving Active Duty and eligible Reserve Component Service members being released from active duty are prepared for their next step in life whether pursuing additional education, finding a job in the public or private sector, starting their own business or other form of selfemployment, or returning to school or an existing job. Service members receive training to meet CRS through the Transition GPS (Goals, Plans, Success) curricula, including a core curricula and individual tracks focused on Accessing Higher Education, Career Technical Training, and Entrepreneurship. E:\FR\FM\30NOR1.SGM 30NOR1

Agencies

[Federal Register Volume 80, Number 229 (Monday, November 30, 2015)]
[Rules and Regulations]
[Pages 74677-74678]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-30322]


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

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9741]
RIN 1545-BB23; 1545-BC07; 1545-BH48


General Allocation and Accounting Regulations Under Section 141; 
Remedial Actions for Tax-Exempt Bonds; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Final regulations; correcting amendment.

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

SUMMARY: This document contains corrections to final regulations (TD 
9741) that were published in the Federal Register on Tuesday, October 
27, 2015 (80 FR 65637). The final regulations provide guidance on 
allocation and accounting, and certain remedial actions, for purposes 
of the private activity bond restrictions under section 141of the 
Internal Revenue Code that apply to tax-exempt bonds issued by State 
and local governments.

DATES: This correction is effective November 30, 2015 and applicable 
October 27, 2015.

[[Page 74678]]


FOR FURTHER INFORMATION CONTACT: Johanna Som de Cerff or Zoran 
Stojanovic at (202) 317-6980 (not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The final regulations (TD 9741) that are the subject of this 
correction are under section 141 of the Internal Revenue Code.

Need for Correction

    As published, the final regulations (TD 9741) contains an error 
that may prove to be misleading and is in need of clarification.

List of Subjects in 26 CFR Part 1

    Income taxes, Reporting and recordkeeping requirements.

Correction of Publication

    Accordingly, 26 CFR part 1 is corrected by making the following 
correcting amendment:

PART 1--INCOME TAXES

0
Paragraph 1. The authority citation for part 1 continues to read in 
part as follows:

    Authority: 26 U.S.C. 7805 * * *


0
Par. 2. Section 1.141-15 is amended by revising paragraph (l)(1) to 
read as follows:


Sec.  1.41-15  Effective/applicability dates.

* * * * *
    (l) * * * (1) In general. Except as otherwise provided in this 
section, Sec. Sec.  1.141-1(e), 1.141-3(g)(2)(v), 1.141-6, 1.141-13(d), 
and 1.145-2(b)(4), (b)(5), and (c)(2) apply to bonds that are sold on 
or after January 25, 2016, and to which the 1997 regulations (as 
defined in paragraph (b)(1) of this section) apply.
* * * * *

Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2015-30322 Filed 11-27-15; 8:45 am]
 BILLING CODE 4830-01-P