Commission Meeting, 22712-22713 [2017-09918]

Download as PDF 22712 Federal Register / Vol. 82, No. 94 / Wednesday, May 17, 2017 / Notices permitted by section 19(b) or rule 19b– 1. Applicants: The RiverNorth DoubleLine Strategic Opportunity Fund, Inc. (the ‘‘Fund’’), a newly-organized, diversified closed-end investment company registered under the Act and organized as a corporation under the laws of Maryland, and RiverNorth Capital Management LLC (the ‘‘Adviser’’) (together with the Fund, the ‘‘Applicants’’), registered under the Investment Advisers Act of 1940, organized as a limited liability company under the laws of Delaware, and serving as investment adviser to the Fund.1 Filing Dates: The application was filed on September 1, 2016, and amended on April 12, 2017. Hearing or Notification of Hearing: An order granting the application will be issued unless the Commission orders a hearing. Interested persons may request a hearing by writing to the Commission’s Secretary and serving applicants with a copy of the request, personally or by mail. Hearing requests should be received by the Commission by 5:30 p.m. on June 6, 2017, and should be accompanied by proof of service on applicants, in the form of an affidavit or, for lawyers, a certificate of service. Pursuant to Rule 0–5 under the Act, hearing requests should state the nature of the writer’s interest, any facts bearing upon the desirability of a hearing on the matter, the reason for the request, and the issues contested. Persons who wish to be notified of a hearing may request notification by writing to the Commission’s Secretary. The Commission: Secretary, U.S. Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549–1090. Applicants: Morrison C. Warren, Esq., RiverNorth DoubleLine Strategic Opportunity Fund, Inc., Chapman and Cutler LLP, 111 West Monroe Street, Chicago, Illinois 60603, and Marc Collins, Esq., RiverNorth Capital Management LLC, 325 North LaSalle Street, Suite 645, Chicago, Illinois 60654. nlaroche on DSK30NT082PROD with NOTICES ADDRESSES: 1 Applicants request that the order also apply to each other registered closed-end investment company advised or to be advised in the future by the Adviser or by an entity controlling, controlled by, or under common control (within the meaning of section 2(a)(9) of the Act) with the Adviser (including any successor in interest) (each such entity, including the Adviser, also the ‘‘Adviser’’) that in the future seeks to rely on the order (such investment companies, together with the Fund, are collectively the ‘‘Funds’’ and, individually, a ‘‘Fund’’). A successor in interest is limited to entities that result from a reorganization into another jurisdiction or a change in the type of business organization. VerDate Sep<11>2014 15:18 May 16, 2017 Jkt 241001 FOR FURTHER INFORMATION CONTACT: Stephan N. Packs, Senior Counsel at (202) 551–6853, or David J. Marcinkus, Branch Chief, at (202) 551–6825 (Division of Investment Management, Chief Counsel’s Office). SUPPLEMENTARY INFORMATION: The following is a summary of the application. The complete application may be obtained via the Commission’s Web site by searching for the file number, or for an applicant using the Company name box, at http:// www.sec.gov/search/search.htm, or by calling (202) 551–8090. Summary of the Application 1. Section 19(b) of the Act generally makes it unlawful for any registered investment company (‘‘fund’’) to make long-term capital gains distributions more than once every twelve months. Rule 19b–1 under the Act limits to one the number of capital gain dividends, as defined in section 852(b)(3)(C) of the Internal Revenue Code of 1986 (‘‘Code,’’ and such dividends, ‘‘distributions’’), that a fund may make with respect to any one taxable year, plus a supplemental distribution made pursuant to section 855 of the Code not exceeding 10% of the total amount distributed for the year, plus one additional capital gain dividend made in whole or in part to avoid the excise tax under section 4982 of the Code. 2. Applicants believe that investors in certain closed-end funds may prefer an investment vehicle that provides regular current income through a fixed distribution policy (‘‘Distribution Policy’’). Applicants propose that the Fund be permitted to adopt a Distribution Policy, pursuant to which the Fund would distribute periodically to its stockholders a fixed monthly percentage of the market price of the Fund’s common stock at a particular point in time or a fixed monthly percentage of net asset value (‘‘NAV’’) at a particular time or a fixed monthly amount per share of common stock, any of which may be adjusted from time to time. 3. Applicants request an order under section 6(c) of the Act granting an exemption from section 19(b) of the Act and rule 19b–1 to permit a Fund to distribute periodic capital gain dividends (as defined in section 852(b)(3)(C) of the Code) as frequently as twelve times in any one taxable year in respect of its common stock and as often as specified by, or determined in accordance with the terms of, any preferred stock issued by the Fund. Section 6(c) of the Act provides, in relevant part, that the Commission may exempt any person or transaction from PO 00000 Frm 00070 Fmt 4703 Sfmt 4703 any provision of the Act to the extent that such exemption is necessary or appropriate in the public interest and consistent with the protection of investors and the purposes fairly intended by the policy and provisions of the Act. 4. Applicants state that any order granting the requested relief will be subject to the terms and conditions stated in the application, which generally are designed to address the concerns underlying section 19(b) and rule 19b–1, including concerns about proper disclosures and shareholders’ understanding of the source(s) of a Fund’s distributions and concerns about improper sales practices. Among other things, such terms and conditions require that (1) the board of directors or trustees of the Fund (the ‘‘Board’’) review such information as is reasonably necessary to make an informed determination of whether to adopt the proposed Distribution Policy and that the Board periodically review the amount of the distributions in light of the investment experience of the Fund, and (2) that the Fund’s shareholders receive appropriate disclosures concerning the distributions. For the Commission, by the Division of Investment Management, under delegated authority. Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2017–09983 Filed 5–16–17; 8:45 am] BILLING CODE 8011–01–P SUSQUEHANNA RIVER BASIN COMMISSION Commission Meeting Susquehanna River Basin Commission. ACTION: Notice. AGENCY: The Susquehanna River Basin Commission will hold its regular business meeting on June 16, 2017, in Entriken, Pennsylvania. Details concerning the matters to be addressed at the business meeting are contained in the SUPPLEMENTARY INFORMATION section of this notice. DATES: The meeting will be held on Friday, June 16, 2017, at 9 a.m. ADDRESSES: The meeting will be held at the Lake Raystown Resort, River Birch Ballroom, 3101 Chipmunk Crossing, Entriken, PA 16638. FOR FURTHER INFORMATION CONTACT: Jason E. Oyler, General Counsel, 717– 238–0423, ext. 1312. SUMMARY: E:\FR\FM\17MYN1.SGM 17MYN1 Federal Register / Vol. 82, No. 94 / Wednesday, May 17, 2017 / Notices The business meeting will include actions or presentations on the following items: (1) Informational presentation of interest to the Juniata Subbasin area; (2) election of officers for FY 2018; (3) the proposed Water Resources Program for fiscal years 2018 and 2019; (4) amendment of the Comprehensive Plan for the Water Resources of the Susquehanna River Basin; (5) the proposed FY2018 Regulatory Program Fee Schedule; (6) adoption of a preliminary FY 2019 budget; (7) treasury management services agreement with First National Bank; (8) ratification/approval of contracts/grants; (9) rulemaking action to amend Commission regulations to clarify application requirements and standards for review of projects, amend the rules dealing with the mitigation of consumptive uses, add a subpart to provide for registration of grandfathered projects, and revise requirements dealing with hearings and enforcement actions; (10) report on delegated settlements; (11) EOG Resources Inc. request for waiver of application required by 18 CFR 806.3 and 806.4; (12) Middletown Borough request for waiver of application required by 18 CFR 806.6(a)(5) and (b); and (13) Regulatory Program projects and requests for extension of emergency certificates, including for Susquehanna Nuclear, LLC. Projects, the fee schedule, the request of waiver by EOG Resources Inc., and amendments to the Comprehensive Plan listed for Commission action are those that were the subject of a public hearing conducted by the Commission on May 11, 2017, and identified in the notice for such hearing, which was published in 82 FR 17497, April 11, 2017. The rulemaking was published in 81 FR 64814, September 21, 2016, and subject to four public hearings on November 3, 2016; November 9, 2016; November 10, 2016; and December 8, 2016, and a public comment period that closed on January 30, 2017. The public is invited to attend the Commission’s business meeting. Comments on the Regulatory Program projects, the fee schedule, the request for waiver by EOG Resources Inc., and amendments to the Comprehensive Plan were subject to a deadline of May 22, 2017. Written comments pertaining to other items on the agenda at the business meeting may be mailed to the Susquehanna River Basin Commission, 4423 North Front Street, Harrisburg, Pennsylvania 17110–1788, or submitted electronically through http:// www.srbc.net/pubinfo/ publicparticipation.htm. Such comments are due to the Commission nlaroche on DSK30NT082PROD with NOTICES SUPPLEMENTARY INFORMATION: VerDate Sep<11>2014 15:18 May 16, 2017 Jkt 241001 on or before June 9, 2017. Comments will not be accepted at the business meeting noticed herein. Authority: Pub. L. 91–575, 84 Stat. 1509 et seq., 18 CFR parts 806, 807, and 808. Dated: May 11, 2017. Stephanie L. Richardson, Secretary to the Commission. [FR Doc. 2017–09918 Filed 5–16–17; 8:45 am] BILLING CODE 7040–01–P DEPARTMENT OF TRANSPORTATION Federal Aviation Administration Approval of Noise Compatibility Program, Melbourne International Airport, Melbourne, FL Federal Aviation Administration, DOT. ACTION: Notice. AGENCY: The Federal Aviation Administration (FAA) announces its findings on the Noise Compatibility Program submitted by the Melbourne Airport Authority (MAA) under the Aviation Safety and Noise Abatement Act, hereinafter referred to as ‘‘the Act.’’ These findings are made in recognition of the description of Federal and nonfederal responsibilities in Senate Report No. 96–52 (1980). On December 12, 2016, the FAA determined that the noise exposure maps submitted by the MAA under Part 150 were in compliance with applicable requirements. On April 25, 2017, the FAA approved the Melbourne International Airport (MLB) noise compatibility program. All of the recommendations of the program were approved. No program elements relating to new or revised flight procedures for noise abatement were proposed by the airport operator. DATES: The effective date of the FAA’s approval of the MLB Noise Compatibility Program is April 25, 2017. FOR FURTHER INFORMATION CONTACT: Allan Nagy, Federal Aviation Administration, Orlando Airports District Office, 5950 Hazeltine National Drive, Suite 400, Orlando, FL 32822, phone number: (407) 812–6331. Documents reflecting this FAA action may be reviewed at this same location. SUPPLEMENTARY INFORMATION: This notice announces that the FAA has given its overall approval to the Noise Compatibility Program for MLB, effective April 25, 2017. Under Section 47504 of the Act, an airport operator who has previously submitted a Noise Exposure Map may submit to the FAA a Noise SUMMARY: PO 00000 Frm 00071 Fmt 4703 Sfmt 4703 22713 Compatibility Program which sets forth the measures taken or proposed by the airport operator for the reduction of existing non-compatible land uses and prevention of additional non-compatible land uses within the area covered by the Noise Exposure Maps. The Act requires such programs to be developed in consultation with interested and affected parties including local communities, government agencies, airport users, and FAA personnel. Each airport noise compatibility program developed in accordance with Title 14 Code of Federal Regulations (CFR) part 150 is a local program, not a Federal Program. The FAA does not substitute its judgment for that of the airport operator with respect to which measure should be recommended for action. The FAA’s approval or disapproval of 14 CFR part 150 program recommendations is measured according to the standards expressed in 14 CFR part 150 and the Act, and is limited to the following determinations: a. The Noise Compatibility Program was developed in accordance with the provisions and procedures of 14 CFR part 150; b. Program measures are reasonably consistent with achieving the goals of reducing existing non-compatible land uses around the airport and preventing the introduction of additional noncompatible land uses; c. Program measures would not create an undue burden on interstate or foreign commerce, unjustly discriminate against types or classes of aeronautical uses, violate the terms of airport grant agreements, or intrude into areas preempted by the Federal government; and d. Program measures relating to the use of flight procedures can be implemented within the period covered by the program without derogating safety, adversely affecting the efficient use and management of the navigable airspace and air traffic control systems, or adversely affecting other powers and responsibilities of the Administrator prescribed by law. Specific limitations with respect to FAA’s approval of an airport Noise Compatibility Program are delineated in 14 CFR part 150, Section 150.5. Approval is not a determination concerning the acceptability of land uses under Federal, state, or local law. Approval does not by itself constitute an FAA implementing action. A request for Federal action or approval to implement specific noise compatibility measures may be required, and an FAA decision on the request may require environmental review of the proposed action. Approval does not constitute a E:\FR\FM\17MYN1.SGM 17MYN1

Agencies

[Federal Register Volume 82, Number 94 (Wednesday, May 17, 2017)]
[Notices]
[Pages 22712-22713]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-09918]


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SUSQUEHANNA RIVER BASIN COMMISSION


Commission Meeting

AGENCY: Susquehanna River Basin Commission.

ACTION: Notice.

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SUMMARY: The Susquehanna River Basin Commission will hold its regular 
business meeting on June 16, 2017, in Entriken, Pennsylvania. Details 
concerning the matters to be addressed at the business meeting are 
contained in the SUPPLEMENTARY INFORMATION section of this notice.

DATES: The meeting will be held on Friday, June 16, 2017, at 9 a.m.

ADDRESSES: The meeting will be held at the Lake Raystown Resort, River 
Birch Ballroom, 3101 Chipmunk Crossing, Entriken, PA 16638.

FOR FURTHER INFORMATION CONTACT: Jason E. Oyler, General Counsel, 717-
238-0423, ext. 1312.

[[Page 22713]]


SUPPLEMENTARY INFORMATION: The business meeting will include actions or 
presentations on the following items: (1) Informational presentation of 
interest to the Juniata Subbasin area; (2) election of officers for FY 
2018; (3) the proposed Water Resources Program for fiscal years 2018 
and 2019; (4) amendment of the Comprehensive Plan for the Water 
Resources of the Susquehanna River Basin; (5) the proposed FY2018 
Regulatory Program Fee Schedule; (6) adoption of a preliminary FY 2019 
budget; (7) treasury management services agreement with First National 
Bank; (8) ratification/approval of contracts/grants; (9) rulemaking 
action to amend Commission regulations to clarify application 
requirements and standards for review of projects, amend the rules 
dealing with the mitigation of consumptive uses, add a subpart to 
provide for registration of grandfathered projects, and revise 
requirements dealing with hearings and enforcement actions; (10) report 
on delegated settlements; (11) EOG Resources Inc. request for waiver of 
application required by 18 CFR 806.3 and 806.4; (12) Middletown Borough 
request for waiver of application required by 18 CFR 806.6(a)(5) and 
(b); and (13) Regulatory Program projects and requests for extension of 
emergency certificates, including for Susquehanna Nuclear, LLC.
    Projects, the fee schedule, the request of waiver by EOG Resources 
Inc., and amendments to the Comprehensive Plan listed for Commission 
action are those that were the subject of a public hearing conducted by 
the Commission on May 11, 2017, and identified in the notice for such 
hearing, which was published in 82 FR 17497, April 11, 2017. The 
rulemaking was published in 81 FR 64814, September 21, 2016, and 
subject to four public hearings on November 3, 2016; November 9, 2016; 
November 10, 2016; and December 8, 2016, and a public comment period 
that closed on January 30, 2017.
    The public is invited to attend the Commission's business meeting. 
Comments on the Regulatory Program projects, the fee schedule, the 
request for waiver by EOG Resources Inc., and amendments to the 
Comprehensive Plan were subject to a deadline of May 22, 2017. Written 
comments pertaining to other items on the agenda at the business 
meeting may be mailed to the Susquehanna River Basin Commission, 4423 
North Front Street, Harrisburg, Pennsylvania 17110-1788, or submitted 
electronically through http://www.srbc.net/pubinfo/publicparticipation.htm. Such comments are due to the Commission on or 
before June 9, 2017. Comments will not be accepted at the business 
meeting noticed herein.

    Authority: Pub. L. 91-575, 84 Stat. 1509 et seq., 18 CFR parts 
806, 807, and 808.

    Dated: May 11, 2017.
Stephanie L. Richardson,
Secretary to the Commission.
[FR Doc. 2017-09918 Filed 5-16-17; 8:45 am]
BILLING CODE 7040-01-P