[Federal Register Volume 67, Number 68 (Tuesday, April 9, 2002)]
[Rules and Regulations]
[Page 17258]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-8430]



[[Page 17257]]

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

Part IV





Office of Management and Budget





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



14 CFR Chapter VI and Part 1300



Air Transportation Safety and System Stabilization Act; Final Rules

  Federal Register / Vol. 67, No. 68 / Tuesday, April 9, 2002 / Rules 
and Regulations  

[[Page 17258]]


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

OFFICE OF MANAGEMENT AND BUDGET

14 CFR Chapter VI and Part 1300


Air Transportation Safety and System Stabilization Act; Air 
Carrier Guarantee Loan Program

AGENCY: Office of Management and Budget, Executive Office of the 
President.

ACTION: Final rule; technical amendment.

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

SUMMARY: On October 12, 2001, the Office of Management and Budget (OMB) 
published a final rule establishing a new chapter in the Code of 
Federal Regulations for the Aviation Disaster Relief-Air Carrier 
Guarantee Loan Program. This technical amendment renames the chapter 
heading and establishes a new subchapter for the Office of Management 
and Budget rules to allow for the establishment of a subchapter for 
supplemental rules issued by the Air Transportation Stabilization Board 
(ATSB).

DATES: This technical amendment is effective April 9, 2002.

FOR FURTHER INFORMATION CONTACT: Clare Doherty, Office of Management 
and Budget, Washington, DC 20503. Telephone (202) 395-5704 (not a toll-
free call).

SUPPLEMENTARY INFORMATION: On October 12, 2001, the OMB published a 
final rule (66 FR 52270) under Section 102(c)(2(B) of the Air 
Transportation Safety and System Stabilization Act (the Act). The 
section states that ``the Director of the Office of Management and 
Budget shall issue regulations setting forth procedures for application 
and minimum requirements * * * for the issuance of Federal credit 
instruments under Section 101(a)(1)'' of the Act. Section 101(a)(1) 
authorizes the ATSB, which is established by section 102(b)(1) of the 
Act, to issue Federal certain credit instruments to assist air carriers 
who suffered losses due to the terrorist attacks of September 11, 2001, 
and to whom credit is not otherwise reasonably available, in order to 
facilitate a safe, efficient, and viable commercial aviation system in 
the United States.
    Section 102(c)(2)(B) of the Act authorizes the ATSB to supplement 
the regulations issued by OMB. This rule restructures chapter VI of 14 
CFR to facilitate the incorporation of the ATSB's supplemental 
regulations, which are published elsewhere in this issue of the Federal 
Register. This rule also amends OMB's rules to include a technical 
reference to ATSB's rules.
    Because this final rule is technical in nature, relates to public 
loan guarantees, and does not affect the substantive rights or 
obligations of any person, notice and public procedure are not required 
pursuant to 5 U.S.C. 553(a)(2) and (b)(B). For the same reasons, a 
delayed effective date is not required pursuant to 5 U.S.C. 553(a)(2) 
and (d)(3). This rule is not a ``significant regulatory action'' for 
purposes of Executive Order 12866, and is not a major rule under the 
Congressional Review Act, 5 U.S.C. 801 et seq.

List of Subjects in Part 1300

    Air carriers, Disaster assistance, Loan programs--transportation, 
Reporting and recordkeeping requirements.

    Dated: March 26, 2002.
Mitchell E. Daniels, Jr.,
Director, Office of Management and Budget.

    For reasons set forth in the preamble and under the authority of 49 
U.S.C. 40101 note, the Office of Management and Budget amends 14 CFR 
chapter VI as follows:

CHAPTER VI--AIR TRANSPORTATION SYSTEM STABILIZATION

    1. The heading of chapter VI is revised to read as set forth above.
    2. A new subchapter A, consisting of existing part 1300, is added 
to chapter VI to read as follows:

Subchapter A--Office of Management and Budget

PART 1300--AVIATION DISASTER RELIEF--AIR CARRIER GUARANTEE LOAN 
PROGRAM

    3. The authority citation for part 1300 continues to read as 
follows:

    Authority: Title I of Pub. L. 107-42, 115 Stat. 230 (49 U.S.C. 
40101 note).


    4. Add Sec. 1300.3 to subpart A to read as follows:


Sec. 1300.3  Supplementary regulations of the Air Transportation 
Stabilization Board.

    (a) The regulations in this part are supplemented by the 
regulations of the Air Transportation Stabilization Board in part 1310 
of this chapter in accordance with section 102(c)(2)(B) of the Act.
    (b) This part and part 1310 of this chapter jointly govern the 
application procedures and the requirements for issuance of Federal 
credit instruments under section 101(a)(1) of the Act.

[FR Doc. 02-8430 Filed 4-8-02; 8:45 am]
BILLING CODE 3110-01-P