4240 Federal Register / Vol. 71, No. 17 / Thursday, January 26, 2006 / Rules and Regulations

only at the option of the LICU and only with DEPARTMENT OF TRANSPORTATION the prior approval of the appropriate regional ACKNOWLEDGED AND AGREED TO this __ director. day of [month and year] by: Federal Aviation Administration 3. Uninsured, non-share account. The lllllllllllllllllllll secondary capital account is not a share [name of investor’s official] 14 CFR Part 71 account and the funds committed to the [title of official] [Docket No. FAA–2005–20643; Airspace secondary capital account are not insured by [name of investor] Docket No. 05–AAL–13] the National Credit Union Share Insurance [address and phone number of investor] Fund or any other governmental or private [investor’s tax identification number] Establishment of Class D Airspace; entity. lllllllllllllllllllll and Revision of Class E Airspace; Big 4. Prepayment risk. Redemption of U.S.C. [name of credit union official] Delta, , Fort Greely, prior to the account’s original maturity date [title of official] AK may expose the account investor to the risk of being unable to reinvest the repaid funds PART 741—REQUIREMENTS FOR AGENCY: Federal Aviation at the same rate of interest for the balance of INSURANCE Administration (FAA), DOT. the period remaining until the original ACTION: Final rule; correction. maturity date. The investor acknowledges I 1. The authority citation for part 741 SUMMARY: that it understands and assumes continues to read as follows: This action corrects an error responsibility for prepayment risk associated in the airspace description contained in with the [name of credit union]’s redemption Authority: 12 U.S.C. 1757, 1766, 1781— a Final Rule that was published in the of the investor’s U.S.C. account prior to the 1790, and 1790d. Section 741.4 is also Federal Register on Thursday, original maturity date. authorized by 31 U.S.C. 3717. September 22, 2005 (70 FR 55531). 5. Availability to cover losses. The funds Airspace Docket No. 05–AAL–13. I 2. Amend § 741.204 as follows: committed to the secondary capital account EFFECTIVE DATE: February 27, 2006. I and any interest paid into the account may a. Remove from paragraph (c) the FOR FURTHER INFORMATION CONTACT: be used by [name of credit union] to cover citation ‘‘§ 701.34’’ wherever it appears Derril Bergt, AFSAO, Federal Aviation any and all operating losses that exceed the and add in its place the citation Administration, 222 West 7th Avenue, credit union’s net worth exclusive of ‘‘§ 701.34(b)(1)’’; Box 14, Anchorage, AK 99513–7587; allowance accounts for loan losses, and in I b. Revise the second sentence of telephone number (907) 271–2796; fax: the event the funds are so used, (name of paragraph (c) and add a new third (907) 271–2850; e-mail: credit union) will under no circumstances sentence to read as set forth below; and [email protected]. Internet address: restore or replenish those funds to [name of http://www.alaska.faa.gov/at. institutional investor]. Dividends are not I c. Add new paragraph (d) to read as SUPPLEMENTARY INFORMATION: considered operating losses and are not set forth below: eligible to be paid out of secondary capital. § 741.204 Maximum public unit and History 6. Accrued interest. By initialing below, nonmember accounts, and low income Federal Register Document FAA– [name of credit union] and [name of designation. 2005–20643, FR Doc. 05–18931, institutional investor] agree that accrued published on Thursday, September 22, interest will be: * * * * * 2005 (70 FR 55531), established Class D (c) * * * State chartered federally llPaid into and become part of the airspace at Big Delta, Allen Army insured credit unions offering secondary secondary capital account; Airfield, AK. An error was discovered in ll capital accounts must submit the plan Paid directly to the investor; the airspace description that llPaid into a separate account from which required by § 701.34(B)(1) to both the misidentified a highway name in the the investor may make withdrawals; or state supervisory authority and the description of an area excluded from the ll Any combination of the above provided NCUA Regional Director for approval. Class D Airspace. This action corrects the details are specified and agreed to in The state supervisory authority must that error. writing. approve or disapprove the plan with the 7. Subordination of claims. In the event of concurrence of the appropriate NCUA Correction to Final Rule liquidation of [name of credit union], the Regional Director. Accordingly, pursuant to the funds committed to the secondary capital (d) Redeem secondary capital authority delegated to me, the airspace account will be subordinate to all other accounts only in accordance with the description of the Class D airspace claims on the assets of the credit union, terms and conditions authorized for published in the Federal Register, including claims of member shareholders, federal credit unions pursuant to Thursday, September 22, 2005 (70 FR creditors and the National Credit Union § 701.34(d) of this chapter and to the 55531), (FR Doc 05–18931), page 55533, Share Insurance Fund. extent not inconsistent with applicable column 1) is corrected as follows: 8. Prompt Corrective Action. Under certain state law and regulation. State chartered § 71.1 [Corrected] net worth classifications (see 12 CFR federally insured credit unions seeking 702.204(b)(11), 702.304(b) and 702.305(b), as to redeem secondary capital accounts * * * * * the case may be), the NCUA Board may must submit the request required by AAL AK D Big Delta, AK [Corrected] prohibit [name of credit union] from paying § 701.34(d)(1) to both the state principal, dividends or interest on its Big Delta, Allen AAF, AK supervisory authority and the NCUA ° ′ ″ ° ′ ″ uninsured secondary capital accounts (Lat. 63 59 40 N., long. 145 43 18 W.) established after August 7, 2000, except that Regional Director. The state supervisory Big Delta VORTAC (Lat. 64°00′16″ N., long. 145°43′02″ W.) unpaid dividends or interest will continue to authority must grant or deny the request with the concurrence of the appropriate Delta Junction Airport accrue under the terms of the account to the (Lat. 64°03′02″ N., long. 145°43′02″ W.) extent permitted by law. NCUA Regional Director. That airspace extending upward from the [FR Doc. 06–686 Filed 1–25–06; 8:45 am] surface to and including 3,800 feet MSL BILLING CODE 7535–01–P within a 6.3-mile radius of the Allen AAF; excluding the portion within the boundary of

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restricted area 2202A, and excluding that System) (RNAV (GPS)) (RWY) is certified that this rule will not have portion at and below 700 feet above ground 02, original. Class E controlled airspace a significant economic impact on a level from a point one-half mile south of the extending upward from 700 ft. and substantial number of small entities Delta Junction Airport (D66) extending via ° 1,200 ft. above the surface in the under the criteria of the Regulatory the 090 bearing to 1 mile east of the Chignik Airport area is created by this Richardson Highway and via the 270 bearing Flexibility Act. to 1 mile west of the Delta River; thence action. The NPRM listed the runway The FAA’s authority to issue rules northwest parallel to the Richardson designation incorrectly as runway 01. regarding aviation safety is found in Highway and the Delta River, to the The correct runway designation is Title 49 of the United States Code. boundary of Class D airspace. runway 02. Airspace more than 12 Subtitle 1, Section 106 describes the * * * * * Nautical Miles (NM) from the shoreline authority of the FAA Administrator. will be excluded from this action. That Subtitle VII, Aviation Programs, Issued in Anchorage, AK, on January 13, controlled airspace outside 12 NM from describes in more detail the scope of the 2006. the shoreline within 72.8 NM of the agency’s authority. Anthony M. Wylie, airport will be created in coordination This rulemaking is promulgated Manager, Safety, Area Flight Service with HQ FAA ATA–400 by modifying under the authority described in Operations. existing Offshore Airspace Areas in Subtitle VII, Part A, Subpart 1, Section [FR Doc. 06–728 Filed 1–25–06; 8:45 am] accordance with FAA Order 7400.2. 40103, Sovereignty and use of airspace. BILLING CODE 4910–13–P That NPRM is currently published as Under that section, the FAA is charged Docket # FAA–2005–22024, 05–AL–38. with prescribing regulations to ensure Interested parties were invited to the safe and efficient use of the DEPARTMENT OF TRANSPORTATION participate in this rulemaking navigable airspace. This regulation is proceeding by submitting written Federal Aviation Administration within the scope of that authority comments on the proposal to the FAA. because it creates Class E airspace No public comments have been 14 CFR Part 71 sufficient in size to contain aircraft received; thus the rule is adopted as executing the instrument procedure for [Docket No. FAA–2005–22855; Airspace proposed. the Chignik Airport and represents the Docket No. 05–AAL–35] The area will be depicted on FAA’s continuing effort to safely and aeronautical charts for pilot reference. efficiently use the navigable airspace. Establishment of Class E Airspace; The coordinates for this airspace docket Chignik, AK are based on North American Datum 83. List of Subjects in 14 CFR Part 71 AGENCY: Federal Aviation The Class E airspace areas designated as Airspace, Incorporation by reference, Administration (FAA), DOT. 700/1,200 ft. transition areas are Navigation (air). published in paragraph 6005 of FAA ACTION: Final rule. Order 7400.9N, Airspace Designations Adoption of the Amendment SUMMARY: This action creates Class E and Reporting Points, dated September I In consideration of the foregoing, the airspace at Chignik, AK to provide 1, 2005, and effective September 15, Federal Aviation Administration adequate controlled airspace to contain 2005, which is incorporated by amends 14 CFR part 71 as follows: aircraft executing a new Standard reference in 14 CFR 71.1. The Class E Instrument Approach Procedure (SIAP) airspace designation listed in this PART 71—DESIGNATION OF CLASS A, at the airport. This rule results in new document will be published CLASS B, CLASS C, CLASS D, AND Class E airspace upward from 700 ft. subsequently in the Order. CLASS E AIRSPACE AREAS; AIRWAYS; ROUTES; AND REPORTING and 1,200 ft. above the surface at the The Rule Chignik Airport, Chignik AK. POINTS This amendment to 14 CFR part 71 EFFECTIVE DATE: I 0901 UTC, April 13, creates Class E airspace at Chignik, 1. The authority citation for 14 CFR 2006. . This Class E airspace is created part 71 continues to read as follows: FOR FURTHER INFORMATION CONTACT: Gary to accommodate aircraft executing one Authority: 49 U.S.C. 106(g), 40103, 40113, Rolf, AAL–538G, Federal Aviation new SIAP and will be depicted on 40120; E.O. 10854, 24 FR 9565, 3 CFR, 1959– Administration, 222 West 7th Avenue, aeronautical charts for pilot reference. 1963 Comp., p. 389. Box 14, Anchorage, AK 99513–7587; The intended effect of this rule is to § 71.1 [Amended] telephone number (907) 271–5898; fax: provide adequate controlled airspace for (907) 271–2850; e-mail: Instrument Flight Rule (IFR) operations I 2. The incorporation by reference in [email protected]. Internet address: at Chignik Airport, Chignik, Alaska. 14 CFR 71.1 of Federal Aviation http://www.alaska.faa.gov/at. The FAA has determined that this Administration Order 7400.9N, SUPPLEMENTARY INFORMATION: regulation only involves an established Airspace Designations and Reporting body of technical regulations for which Points, dated September 1, 2005, and History frequent and routine amendments are effective September 15, 2005, is On Thursday, November 17, 2005, the necessary to keep them operationally amended as follows: FAA proposed to amend part 71 of the current. It, therefore—(1) is not a * * * * * Federal Aviation Regulations (14 CFR ‘‘significant regulatory action’’ under Paragraph 6005 Class E airspace extending part 71) to modify Class E airspace Executive Order 12866; (2) is not a upward from 700 feet or more above the upward from 700 ft. and 1,200 ft. above ‘‘significant rule’’ under DOT surface of the earth. the surface at Chignik, AK (70 FR Regulatory Policies and Procedures (44 * * * * * 69711). The action was proposed in FR 11034; February 26, 1979); and (3) order to create Class E airspace does not warrant preparation of a AAL AK E5 Chignik, AK [New] sufficient in size to contain aircraft regulatory evaluation as the anticipated Chignik Airport, AK while executing one new SIAP for the impact is so minimal. Since this is a (Lat. 56°18′41″ N., long. 158°22′24″ W.) Chignik Airport. The new approach is routine matter that will only affect air That airspace extending upward from 700 the Area Navigation (Global Positioning traffic procedures and air navigation, it feet above the surface within a 6.3-mile

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