[Federal Register Volume 65, Number 83 (Friday, April 28, 2000)]
[Proposed Rules]
[Pages 25172-25231]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-10660]



[[Page 25171]]

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

Part VII





Department of Housing and Urban Development





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



24 CFR Part 888



Fair Market Rents for the Housing Choice Voucher Program and Moderate 
Rehabilitation Single Room Occupancy Program--Fiscal Year 2001; 
Proposed Rule

  Federal Register / Vol. 65, No. 83 / Friday, April 28, 2000 / 
Proposed Rules  

[[Page 25172]]


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

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

24 CFR Part 888

[Docket No. FR-4589-N-01]


Fair Market Rents for the Housing Choice Voucher Program and 
Moderate Rehabilitation Single Room Occupancy Program--Fiscal Year 2001

AGENCY: Office of the Secretary, HUD.

ACTION: Notice of Proposed Fiscal Year (FY) 2001 Fair Market Rents 
(FMRs).

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

SUMMARY: Section 8(c)(1) of the United States Housing Act of 1937 
requires the Secretary to publish FMRs annually to be effective on 
October 1 of each year. FMRs are used for the Housing Choice Voucher 
program, the Moderate Rehabilitation Single Room Occupancy program, the 
project-based voucher program, and any other programs requiring their 
use. Today's notice proposes revised FMRs that reflect estimated 40th 
percentile rent levels trended to April 1, 2001.

DATES: Comments Due Date: June 27, 2000.

ADDRESSES: Interested persons are invited to submit comments regarding 
HUD's estimates of the FMRs as published in this Notice to the Office 
of the General Counsel, Rules Docket Clerk, Room 10276, Department of 
Housing and Urban Development, 451 Seventh Street SW, Washington, DC 
20410. Communications should refer to the above docket number and title 
and should contain the information specified in the ``Request for 
Comments'' section. To ensure that the information is fully considered 
by all of the reviewers, each commenter is requested to submit two 
copies of its comments, one to the Rules Docket Clerk and the other to 
the Economic and Market Analysis Staff in the appropriate HUD Field 
Office. A copy of each communication submitted will be available for 
public inspection and copying during regular business hours (7:30 a.m.-
5:30 p.m. Eastern Time) at the above address.

FOR FURTHER INFORMATION CONTACT: Gerald Benoit, Operations Division, 
Office of Rental Assistance, telephone (202) 708-0477. For technical 
information on the development of schedules for specific areas or the 
method used for the rent calculations, contact Alan Fox, Economic and 
Market Analysis Division, Office of Economic Affairs, telephone (202) 
708-0590, Extension 5863 (e-mail: [email protected]). Hearing- or 
speech-impaired persons may use the Telecommunications Devices for the 
Deaf (TTY) by contacting the Federal Information Relay Service at 1-
800-877-8339. (Other than the ``800'' TTY number, telephone numbers are 
not toll free.)

SUPPLEMENTARY INFORMATION: Section 8 of the United States Housing Act 
of 1937 (the Act) (42 U.S.C. 1437f) authorizes housing assistance to 
aid lower income families in renting decent, safe, and sanitary 
housing. Housing assistance payments are limited by FMRs established by 
HUD for different areas. In the voucher program, the FMR is used to 
determine the ``payment standard'' (the maximum monthly subsidy) for 
assisted families (see Section 982.503.) In general, the FMR for an 
area is the amount that would be needed to pay the gross rent (shelter 
rent plus utilities) of privately owned, decent, safe, and sanitary 
rental housing of a modest (non-luxury) nature with suitable amenities.

Publication of FMRs

    Section 8(c) of the Act requires the Secretary of HUD to publish 
FMRs periodically, but not less frequently than annually. The 
Department's regulations provide that HUD will develop FMRs by 
publishing proposed FMRs for public comment and, after evaluating the 
public comments, publish the final FMRs (see 24 CFR 888.115). Schedule 
B of the proposed FY 2001 FMR schedules at the end of this document 
lists the FMR levels for the housing choice voucher program. Schedule D 
lists FMRs for the rental of manufactured home spaces in the housing 
choice voucher program for areas where HUD has approved modifications 
greater than 40 percent of the 2-bedroom FMR, based on public comments.

Method Used To Develop FMRs

    FMR Standard: FMRs are gross rent estimates; they include shelter 
rent and the cost of utilities, except telephone. HUD sets FMRs to 
assure that a sufficient supply of rental housing is available to 
program participants. To accomplish this objective, FMRs must be both 
high enough to permit a selection of units and neighborhoods and low 
enough to serve as many families as possible. The level at which FMRs 
are set is expressed as a percentile point within the rent distribution 
of standard quality rental housing units. The current definition used 
is the 40th percentile rent, the dollar amount below which 40 percent 
of the standard quality rental housing units rent. The 40th percentile 
rent is drawn from the distribution of rents of units which are 
occupied by recent movers (renter households who moved into their unit 
within the past 15 months). Newly built units less than two years old 
are excluded, and adjustments have been made to correct for the below 
market rents of public housing units included in the data base.
    Data Sources: HUD used the most accurate and current data available 
to develop the FMR estimates. The sources of survey data used for the 
base-year estimates are:
    (1) the 1990 Census, which provides statistically reliable rent 
data for all FMR areas;
    (2) the Bureau of the Census' American Housing Surveys (AHSs), 
which are used to develop between-Census revisions for the largest 
metropolitan areas and which have accuracy comparable to the decennial 
Census; and
    (3) Random Digit Dialing (RDD) telephone surveys of individual FMR 
areas, which are based on a sampling procedure that uses computers to 
select statistically random samples of rental housing.
    The base-year FMRs are updated using trending factors based on 
Consumer Price Index (CPI) data for rents and utilities or HUD regional 
rent change factors developed from RDD surveys. Annual average CPI data 
are available individually for 96 metropolitan FMR areas. RDD regional 
rent change factors are developed annually for the metropolitan and 
nonmetropolitan parts of each of the 10 HUD regions. The RDD factors 
are used to update the base year estimates for all FMR areas that do 
not have their own local CPI survey.
    State Minimum FMRs: FMRs are established at the higher of the local 
40th percentile rent level or the Statewide average of nonmetropolitan 
counties, subject to a ceiling rent cap. The State minimum also affects 
a small number of metropolitan areas whose rents would otherwise fall 
below the State minimum.
    Bedroom Size Adjustments: FMRs have been calculated separately for 
each bedroom size category. For areas whose FMRs are based on the State 
minimums, the rents for each bedroom size are the higher of the rent 
for the area or the Statewide average of nonmetropolitan counties for 
that bedroom size. For all other FMR areas, the bedroom intervals are 
based on data for the specific area. Exceptions have been made for some 
areas with local bedroom size rent intervals below an acceptable range. 
For those areas the intervals selected were the minimums determined 
after outliers had been excluded from the distribution

[[Page 25173]]

of bedroom intervals for all metropolitan areas. Higher ratios continue 
to be used for three-bedroom and larger size units than would result 
from using the actual market relationships. This is done to assist the 
largest, most difficult to house families in finding program-eligible 
units.
    RDD Surveys: RDD surveys are used to obtain statistically-reliable 
FMR estimates for selected FMR areas. This survey technique involves 
drawing random samples of renter units occupied by recent movers. RDD 
surveys exclude public housing units, other assisted units for which 
the market rent cannot be determined, units built in the past two 
years, seasonal units, non-cash rental units, and those owned by 
relatives. A HUD analysis has shown that the slight downward RDD survey 
bias caused by including some rental units that are in substandard 
condition is almost exactly offset by the slight upward bias that 
results from surveying only units with telephones.
    Approximately 8,000-12,000 telephone numbers need to be contacted 
to achieve the target survey sample level of 200 eligible recent mover 
responses. RDD surveys have a high degree of statistical accuracy; 
there is a 95 percent likelihood that the recent mover rent estimates 
developed using this approach are within 3 to 4 percent of the actual 
rent value. Virtually all of the estimates are within 5 percent of the 
actual value.
    Today's notice proposes FMRs based on RDD surveys conducted in 
early-2000 for the following areas:

Proposed FMR Increase Above Normal Update Factor

Fort Smith, AR-OK
Orange County, CA
Jacksonville, FL
Atlanta, GA
Augusta-Aiken, GA-SC
Muscatine County, IA
Montgomery County, IN
Macon County, MO
Montgomery County, MO
Biloxi-Gulfport-Pascagoula, MS
Jackson, MS
Greenville, NC
Pender County, NC
Raleigh-Durham-Chapel Hill, NC
Defiance County, OH
Henry County, OH
Williams County, OH
Youngstown-Warren, OH
Austin-San Marcos, TX

Proposed FMR Decrease

Lake Charles, LA
Springfield, MA
Utica-Rome, NY
Providence-Fall River-Warwick, RI-MA
Brownsville-Harlingen-San Benito, TX

Proposed FMR Increase by Normal Update Factor

Imperial County, CA
Salinas, CA
Washington, DC-MD-VA
Macon, GA
Indianapolis, IN
Lexington, KY
Monroe, LA
Shreveport-Bossier City, LA
Lowell, MA-NH
Lewis County, MO
Marion County, MO
Monroe County, MO
Pike County, MO
Ralls County, MO
Randolph County, MO
Shelby County, MO
Lincoln, NE
Atlantic-Cape May, NJ
Cleveland-Lorain-Elyria, OH
Toledo, OH
Columbia, SC
Johnson City-Kingsport-Bristol, TN-VA
Nashville, TN
Fort Worth-Arlington, TX
Killeen-Temple, TX

    AHS Areas: AHSs cover the largest metropolitan areas on a four-year 
cycle. The 40th percentile rents for these areas are calculated from 
the distributions of two-bedroom units occupied by recent movers. 
Public housing units, newly constructed units, and units that fail a 
housing quality test are excluded from the rental housing distributions 
before the FMRs are calculated.
    Detailed rent data from the metropolitan AHSs conducted in 1998 
were not available in time for publication of the proposed 2000 FMRs. 
Twelve AHS areas were put into final effect in the October 1,1999 
publication, because they had either increases or normal updates. 
Providence-Fall River-Warwick, RI-MA and Washington, DC-MD-VA would 
have been proposed for decreases based on the 1998 AHS data, but HUD 
conducted RDDs in April 2000, with the result that the decrease being 
proposed for Providence-Fall River-Warwick is much less than it would 
have been, and no decrease is being proposed for Washington, DC-MD-VA.

Manufactured Home Space FMRs

    FMRs for the rental of manufactured home spaces in the housing 
choice voucher program are now 40 percent of the applicable Section 8 
existing housing program FMRs for two-bedroom units. (This percentage 
was recently increased from 30 percent to 40 percent because the cost 
of utilities is now included in the manufactured home space rent; 
Section 545 of the Quality Housing and Work Responsibility Act of 
1998.) HUD accepts public comments requesting modifications of these 
FMRs where the 40 percent FMRs are thought to be inadequate. In order 
to be accepted as a basis for revising the FMRs, comments must contain 
statistically valid survey data that show the 40th percentile space 
rent (including the cost of utilities) for the entire FMR area. 
Manufactured home space FMR revisions are published as final FMRs in 
Schedule D. Once approved, the revised manufactured home space FMRs 
establish new base year estimates that are updated annually using the 
same data used to update the other FMRs, until they are superseded by 
rising FMRs for the regular housing choice voucher program.

Request for Comments

    HUD seeks public comments on FMR levels for specific areas. 
Comments on FMR levels must include sufficient information (including 
local data and a full description of the rental housing survey 
methodology used) to justify any proposed changes. Changes may be 
proposed in all or any one or more of the bedroom-size categories on 
the schedule. Recommendations and supporting data must reflect the rent 
levels that exist within the entire FMR area.
    HUD recommends the use of professionally-conducted Random Digit 
Dialing (RDD) telephone surveys to test the accuracy of FMRs for areas 
where there is a sufficient number of Section 8 units to justify the 
survey cost of $10,000-$12,000. Areas with 500 or more program units 
usually meet this cost criterion, and areas with fewer units may meet 
it if actual two-bedroom rents are significantly different from the 
FMRs proposed by HUD. In addition, HUD has developed a version of the 
RDD survey methodology for smaller, nonmetropolitan PHAs. This 
methodology is designed to be simple enough to be done by the PHA 
itself, rather than by professional survey organizations, at a cost of 
$5,000 or less.
    PHAs in nonmetropolitan areas may, in certain circumstances, do 
surveys of groups of counties. All grouped county surveys must be 
approved in advance by HUD. PHAs are cautioned that the resulting FMRs 
will not be identical for the counties surveyed; each individual FMR 
area will have a separate FMR based on the relationship of rents in 
that area to the combined rents in the cluster of FMR areas. In 
addition, PHAs are advised that counties whose FMRs are based on the 
State minimum will not have their FMRs revised unless the grouped 
survey results show a revised FMR above the State minimum level.

[[Page 25174]]

    PHAs that plan to use the RDD survey technique should obtain a copy 
of the appropriate survey guide. Larger PHAs should request HUD's 
survey guide entitled ``Random Digit Dialing Surveys; A Guide to Assist 
Larger Public Housing Agencies in Preparing Fair Market Rent 
Comments.'' Smaller PHAs should obtain a guide entitled ``Rental 
Housing Surveys; A Guide to Assist Smaller Public Housing Agencies in 
Preparing Fair Market Rent Comments.'' These guides are available from 
HUD USER on 1-800-245-2691, or from HUD's Worldwide Web site, in 
Microsoft Word or Adobe Acrobat format, at the following address: 
http://www.huduser.org/datasets/fmr.html.
    HUD prefers, but does not mandate, the use of RDD telephone 
surveys, or the more traditional method described in the survey guide 
intended for small PHAs along with the simplified RDD methodology. 
Other survey methodologies are acceptable as long as the surveys 
submitted provide statistically reliable, unbiased estimates of the 
40th percentile gross rent. Survey samples should preferably be 
randomly drawn from a complete list of rental units for the FMR area. 
If this is not feasible, the selected sample must be drawn so as to be 
statistically representative of the entire rental housing stock of the 
FMR area. In particular, surveys must include units of all rent levels 
and be representative by structure type (including single-family, 
duplex and other small rental properties), age of housing unit, and 
geographic location. The decennial Census should be used as a starting 
point and means to verify whether the sample is representative of the 
FMR area's rental housing stock.
    Local rental housing surveys conducted with alternative methods 
must include the following documentation:

--Identification of the 40th percentile gross rent (gross rent is rent 
including the cost of utilities) and the actual distribution (or 
distributions, if more than one bedroom size is surveyed) of the 
surveyed units, rank-ordered by gross rent.
--An explanation of how the rental housing sample was drawn and a copy 
of the survey questionnaire, transmittal letter, and any publicity 
materials.
--An explanation of how the contract rents of the individual units 
surveyed were converted to gross rents. (For RDD-type surveys, HUD 
requires use of the Section 8 utility allowance schedule.)
--An explanation of how the survey excluded units built within two 
years prior to the survey date.
--The date the rent data were collected so that HUD can apply a 
trending factor to update the estimate to the midpoint of the 
applicable fiscal year. If the survey has already been trended to this 
date, the date the survey was conducted and a description of the 
trending factor used.
--Copies of all survey sheets.
    Since FMRs are based on standard quality units and units occupied 
by recent movers, both of which are difficult to identify and survey, 
HUD will accept surveys of all rental units and apply appropriate 
adjustments.
    Most surveys cover only one- and two-bedroom units, in which case 
HUD will make the adjustments for other size units consistent with the 
differentials established on the basis of the 1990 Census data for the 
FMR area. When three- and four-bedroom units are surveyed separately to 
determine FMRs for these unit size categories, the commenter should 
multiply the 40th percentile survey rents by 1.087 and 1.077, 
respectively, to determine the FMRs. The use of these factors will 
produce the same upward adjustments in the rent differentials as those 
used in the HUD methodology.

Findings and Certifications

Environmental Impact

    A Finding of No Significant Impact with respect to the environment 
as required by the National Environmental Policy Act (42 U.S.C. 4321-
4374) is unnecessary, since the housing choice voucher program is 
categorically excluded from the Department's National Environmental 
Policy Act procedures under 24 CFR 50.19(c)(d).

Regulatory Flexibility Act

    The undersigned, in accordance with the Regulatory Flexibility Act 
(5 U.S.C. 605(b)), hereby certifies that this Notice does not have a 
significant economic impact on a substantial number of small entities, 
because FMRs do not change the rent from that which would be charged if 
the unit were not in the program.

Executive Order 13132, Federalism

    This notice does not have federalism implications and will not 
involve the preemption of State law by Federal statute or regulation. 
The Fair Market Rent schedules do not have any substantial direct 
impact on States, on the relationship between the Federal government 
and the States, or on the distribution of power and responsibility 
among the various levels of government.

Catalog of Federal Domestic Assistance

    The Catalog of Federal Domestic Assistance program number is 
14.156, Lower-Income Housing Assistance Program (section 8).
    Accordingly, the Fair Market Rent Schedules, which will be codified 
in 24 CFR part 888, are proposed to be amended as follows:

    Dated: April 21, 2000.
Andrew Cuomo,
Secretary.

Fair Market Rents for the Housing Choice Voucher Program

Schedules B and D--General Explanatory Notes

1. Geographic Coverage
    a. Metropolitan Areas.--FMRs are housing market-wide rent estimates 
that are intended to provide housing opportunities throughout the 
geographic area in which rental housing units are in direct 
competition. The FMRs shown in Schedule B are determined for the same 
areas as the Office of Management and Budget's (OMB) most current 
definitions of metropolitan areas, with the exceptions discussed in 
paragraph b. HUD uses the OMB Metropolitan Statistical Area (MSA) and 
Primary Metropolitan Statistical Area (PMSA) definitions for FMR areas 
because they closely correspond to housing market area definitions.
    b. Exceptions to OMB Definitions.--The exceptions are counties 
deleted from several large metropolitan areas whose revised OMB 
metropolitan area definitions were determined by HUD to be larger than 
the housing market areas. The FMRs for the following counties (shown by 
the metropolitan area) are calculated separately and are shown in 
Schedule B within their respective States under the ``Metropolitan FMR 
Areas'' listing:

Metropolitan Area and Counties Deleted

Chicago, IL: DeKalb, Grundy and Kendall Counties
Cincinnati-Hamilton, OH-KY-IN:
    Brown County, Ohio; Gallatin, Grant and Pendleton Counties in 
Kentucky; and Ohio County, Indiana
Dallas, TX: Henderson County
Flagstaff, AZ-UT: Kane County, UT
New Orleans, LA: St. James Parish
Washington, DC-MD-VA-WV:
    Berkeley and Jefferson Counties in West Virginia; and Clarke, 
Culpeper, King George and Warren counties in Virginia

    c. Nonmetropolitan Area FMRs.--FMRs also are established for

[[Page 25175]]

nonmetropolitan counties and for county equivalents in the United 
States, for nonmetropolitan parts of counties in the New England 
states, and for FMR areas in Puerto Rico, the Virgin Islands, and the 
Pacific Islands. Nonmetropolitan area FMRs are set at the higher of the 
local 40th percentile rent level or the Statewide average of 
nonmetropolitan counties. (The State minimum also affects a small 
number of metropolitan areas whose rents would otherwise fall below the 
State minimum.)
    d. Virginia Independent Cities.--FMRs for the areas in Virginia 
shown in the table below were established by combining the Census data 
for the nonmetropolitan counties with the data for the independent 
cities that are located within the county borders. Because of space 
limitations, the FMR listing in Schedule B includes only the name of 
the nonmetropolitan county. The complete definitions of these areas 
including the independent cities are as follows:

Virginia Nonmetropolitan County FMR Area and Independent Cities Included
------------------------------------------------------------------------
                  County                               Cities
------------------------------------------------------------------------
Alleghany.................................  Clifton Forge and Covington.
Augusta...................................  Staunton and Waynesboro.
Carroll...................................  Galax.
Frederick.................................  Winchester.
Greensville...............................  Emporia.
Henry.....................................  Martinsville.
Montgomery................................  Radford.
Rockbridge................................  Buena Vista and Lexington.
Rockingham................................  Harrisonburg.
Southhampton..............................  Franklin.
Wise......................................  Norton.
------------------------------------------------------------------------

    2. Bedroom Size Adjustments.--Schedule B shows the FMRs for 0-
bedroom through 4-bedroom units. The FMRs for unit sizes larger than 4 
bedrooms are calculated by adding 15 percent to the 4-bedroom FMR for 
each extra bedroom. For example, the FMR for a 5-bedroom unit is 1.15 
times the 4-bedroom FMR, and the FMR for a 6-bedroom unit is 1.30 times 
the 4-bedroom FMR. FMRs for single-room-occupancy (SRO) units are 0.75 
times the 0 bedroom FMR.
    3. FMRs for Manufactured Home Spaces.--FMRs for manufactured home 
spaces in the housing choice voucher program are 40 percent of the two-
bedroom existing housing program FMRs, with the exception of the areas 
listed in Schedule D whose manufactured home space FMRs have been 
modified on the basis of public comments. Once approved, the revised 
manufactured home space FMRs establish new base-year estimates that are 
updated annually using the same data used to estimate the existing 
housing FMRs. The FMR area definitions used for the rental of 
manufactured home spaces in the housing choice voucher program are the 
same as the area definitions used for other FMRs.
    4. Arrangement of FMR Areas and Identification of Constituent 
Parts. a. The FMR areas in Schedule B are listed alphabetically by 
metropolitan FMR area and by nonmetropolitan county within each State. 
The exception FMRs for manufactured home spaces in Schedule D are 
listed alphabetically by State.
    b. The constituent counties (and New England towns and cities) 
included in each metropolitan FMR area are listed immediately following 
the listings of the FMR dollar amounts. All constituent parts of a 
metropolitan FMR area that are in more than one State can be identified 
by consulting the listings for each applicable State.
    c. Two nonmetropolitan counties are listed alphabetically on each 
line of the nonmetropolitan county listings.

BILLING CODE 4210-32-P

[[Page 25176]]

[GRAPHIC] [TIFF OMITTED] TP28AP00.014


[[Page 25177]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.015


[[Page 25178]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.016


[[Page 25179]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.017


[[Page 25180]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.018


[[Page 25181]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.019


[[Page 25182]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.020


[[Page 25183]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.021


[[Page 25184]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.022


[[Page 25185]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.023


[[Page 25186]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.024


[[Page 25187]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.025


[[Page 25188]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.026


[[Page 25189]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.027


[[Page 25190]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.028


[[Page 25191]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.029


[[Page 25192]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.030


[[Page 25193]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.031


[[Page 25194]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.032


[[Page 25195]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.033


[[Page 25196]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.034


[[Page 25197]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.035


[[Page 25198]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.036


[[Page 25199]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.037


[[Page 25200]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.038


[[Page 25201]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.039


[[Page 25202]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.040


[[Page 25203]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.041


[[Page 25204]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.042


[[Page 25205]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.043


[[Page 25206]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.044


[[Page 25207]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.045


[[Page 25208]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.046


[[Page 25209]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.047


[[Page 25210]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.048


[[Page 25211]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.049


[[Page 25212]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.050


[[Page 25213]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.051


[[Page 25214]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.052


[[Page 25215]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.053


[[Page 25216]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.054


[[Page 25217]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.055


[[Page 25218]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.056


[[Page 25219]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.057


[[Page 25220]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.058


[[Page 25221]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.059


[[Page 25222]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.060


[[Page 25223]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.061


[[Page 25224]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.062


[[Page 25225]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.063


[[Page 25226]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.064


[[Page 25227]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.065


[[Page 25228]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.066


[[Page 25229]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.067


[[Page 25230]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.068


[[Page 25231]]


[GRAPHIC] [TIFF OMITTED] TP28AP00.069

[FR Doc. 00-10660 Filed 4-27-00; 8:45 am]
BILLING CODE 4210-32-C