Special Local Regulations; Key West World Championship, Key West, FL, 73534 [2023-23649]
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Federal Register / Vol. 88, No. 206 / Thursday, October 26, 2023 / Rules and Regulations
program’s history of no defaults, Federal
credit budgeting principles require that
the availability of CDBG funds to repay
the guaranteed loans cannot be assumed
in the development of the credit subsidy
cost estimate (see 80 FR 67629,
November 3, 2015). Thus, the estimate
must incorporate the risk that
alternative sources are used to repay the
guaranteed loan in lieu of CDBG funds,
and that those sources may be
insufficient. Based on the rate that
CDBG funds are used annually for
repayment of loan guarantees, HUD’s
calculation of the credit subsidy cost
must acknowledge the possibility of
future defaults if those CDBG funds
were not available. The fee of 1.64
percent of the principal amount of the
loan will offset the expected cost to the
Federal Government due to default,
financing costs, and other relevant
factors. To arrive at this measure, HUD
analyzed data on comparable municipal
debt over an extended period. The
estimated rate is based on the default
and recovery rates for general purpose
municipal debt and industrial
development bonds. The cumulative
default rates on industrial development
bonds were higher than the default rates
on general purpose municipal debt
during the period from which the data
were taken. These two subsectors of
municipal debt were chosen because
their purposes and loan terms most
closely resemble those of Section 108
guaranteed loans.
In this regard, Section 108 guaranteed
loans can be broken down into two
categories: (1) loans that finance public
infrastructure and activities to support
subsidized housing (other than
financing new construction) and (2)
other development projects (e.g., retail,
commercial, industrial). The 1.64
percent fee was derived by weighting
the default and recovery data for general
purpose municipal debt and the data for
industrial development bonds according
to the expected composition of the
Section 108 portfolio by corresponding
project type. Based on the dollar amount
of Section 108 loan guarantee
commitments awarded from FY 2018
through FY 2022, HUD expects that 58.4
percent of the Section 108 portfolio will
be similar to general purpose municipal
debt and 41.6 percent of the portfolio
will be similar to industrial
development bonds. In setting the fee at
1.64 percent of the principal amount of
the guaranteed loan, HUD expects that
the amount generated will fully offset
the cost to the Federal Government
associated with making guarantee
commitments awarded in FY 2024. Note
that the fee increased from 0.94 percent
VerDate Sep<11>2014
15:56 Oct 25, 2023
Jkt 262001
in FY 2023 to 1.64 percent in FY 2024,
an increase of 0.70 percentage points in
the level of fee charged.
This document establishes a
statutorily required fiscal requirement
in the form of a fee based on rate and
cost determinations that does not
constitute a development decision that
affects the physical condition of specific
project areas or building sites.
Accordingly, under 24 CFR 50.19(c)(6),
this document is categorically excluded
from environmental review under the
National Environmental Policy Act of
1969 (42 U.S.C. 4321).
Marion M. McFadden,
Principal Deputy Assistant Secretary for
Community Planning and Development.
[FR Doc. 2023–23665 Filed 10–25–23; 8:45 am]
BILLING CODE 4210–67–P
DEPARTMENT OF HOMELAND
SECURITY
Coast Guard
33 CFR Part 100
[Docket No. USCG–2023–0817]
Special Local Regulations; Key West
World Championship, Key West, FL
Key West World Championship
regulated area identified in table 1 to
§ 100.701, paragraph (b), Item 4, from 10
a.m. to 7 p.m. on November 8, 10, and
12, 2023. This action is being taken to
provide for the safety of life on
navigable waterways during this 3-day
event. Our regulation for recurring
marine events, Sector Key West,
§ 100.701, paragraph (b), Item 4,
specifies the location of the regulated
area for the Key West World
Championship, which encompasses a
portion of the Atlantic Ocean located
southwest of Key West, Florida. During
the enforcement period, as reflected in
§ 100.701(c), all persons and vessels,
except those persons and vessels
participating in the high speed boat
races, are prohibited from entering,
transiting through, anchoring in, or
remaining within the regulated area
without obtaining permission from the
Captain of the Port Key West or a
designated representative.
In addition to this notice of
enforcement in the Federal Register, the
Coast Guard plans to provide
notification of this enforcement period
via the Local Notice to Mariners, marine
information broadcasts, or both.
AGENCY:
Jason Ingram,
Captain, U.S. Coast Guard, Captain of the
Port Key West.
ACTION:
[FR Doc. 2023–23649 Filed 10–25–23; 8:45 am]
Coast Guard, DHS.
Notification of enforcement of
regulation.
The Coast Guard will enforce
a special local regulation for the Key
West World Championship to provide
for the safety of life on navigable
waterways during this event. Our
regulation for marine events within the
Seventh Coast Guard District identifies
the regulated area for this event in Key
West, FL. During the enforcement
period, no person or vessel may enter,
transit through, anchor in, or remain
within the regulated area without
permission from the Captain of the Port
Key West or a designated representative.
DATES: The regulations in 33 CFR
100.701 will be enforced from 10 a.m.
until 7 p.m., on November 8, 10, and 12,
2023, for the location identified in
paragraph (b), Item 4 in table 1 to
§ 100.701.
BILLING CODE 9110–04–P
SUMMARY:
If
you have questions about this
notification of enforcement, call or
email Lieutenant Hailye Wilson, Sector
Key West Waterways Management
Division, Coast Guard; phone 305–292–
8768, email Hailye.M.Wilson@uscg.mil.
SUPPLEMENTARY INFORMATION: The Coast
Guard will enforce special local
regulations in 33 CFR 100.701 for the
FOR FURTHER INFORMATION CONTACT:
PO 00000
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FEDERAL COMMUNICATIONS
COMMISSION
47 CFR Part 8
[CG Docket No. 22–2; FCC 22–86; FR ID
179821]
Empowering Broadband Consumers
Through Transparency
Federal Communications
Commission.
ACTION: Final rule.
AGENCY:
In this document, the
Commission incorporates the
compliance dates for the broadband
consumer label rules per the Broadband
Label Order. The rules require
broadband internet access service
providers to display, at the point of sale,
labels that disclose certain information
about broadband prices, introductory
rates, data allowances, and broadband
speeds, and to include links to
information about their network
management practices, privacy policies,
and the Commission’s Affordable
Connectivity Program.
DATES: Effective date: October 26, 2023.
SUMMARY:
E:\FR\FM\26OCR1.SGM
26OCR1
]]>Agencies
[Federal Register Volume 88, Number 206 (Thursday, October 26, 2023)]
[Rules and Regulations]
[Page 73534]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-23649]
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DEPARTMENT OF HOMELAND SECURITY
Coast Guard
33 CFR Part 100
[Docket No. USCG-2023-0817]
Special Local Regulations; Key West World Championship, Key West,
FL
AGENCY: Coast Guard, DHS.
ACTION: Notification of enforcement of regulation.
-----------------------------------------------------------------------
SUMMARY: The Coast Guard will enforce a special local regulation for
the Key West World Championship to provide for the safety of life on
navigable waterways during this event. Our regulation for marine events
within the Seventh Coast Guard District identifies the regulated area
for this event in Key West, FL. During the enforcement period, no
person or vessel may enter, transit through, anchor in, or remain
within the regulated area without permission from the Captain of the
Port Key West or a designated representative.
DATES: The regulations in 33 CFR 100.701 will be enforced from 10 a.m.
until 7 p.m., on November 8, 10, and 12, 2023, for the location
identified in paragraph (b), Item 4 in table 1 to Sec. 100.701.
FOR FURTHER INFORMATION CONTACT: If you have questions about this
notification of enforcement, call or email Lieutenant Hailye Wilson,
Sector Key West Waterways Management Division, Coast Guard; phone 305-
292-8768, email [email protected].
SUPPLEMENTARY INFORMATION: The Coast Guard will enforce special local
regulations in 33 CFR 100.701 for the Key West World Championship
regulated area identified in table 1 to Sec. 100.701, paragraph (b),
Item 4, from 10 a.m. to 7 p.m. on November 8, 10, and 12, 2023. This
action is being taken to provide for the safety of life on navigable
waterways during this 3-day event. Our regulation for recurring marine
events, Sector Key West, Sec. 100.701, paragraph (b), Item 4,
specifies the location of the regulated area for the Key West World
Championship, which encompasses a portion of the Atlantic Ocean located
southwest of Key West, Florida. During the enforcement period, as
reflected in Sec. 100.701(c), all persons and vessels, except those
persons and vessels participating in the high speed boat races, are
prohibited from entering, transiting through, anchoring in, or
remaining within the regulated area without obtaining permission from
the Captain of the Port Key West or a designated representative.
In addition to this notice of enforcement in the Federal Register,
the Coast Guard plans to provide notification of this enforcement
period via the Local Notice to Mariners, marine information broadcasts,
or both.
Jason Ingram,
Captain, U.S. Coast Guard, Captain of the Port Key West.
[FR Doc. 2023-23649 Filed 10-25-23; 8:45 am]
BILLING CODE 9110-04-P
