[Federal Register Volume 72, Number 29 (Tuesday, February 13, 2007)]
[Notices]
[Pages 6807-6808]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-2410]


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DEPARTMENT OF TRANSPORTATION

Federal Transit Administration


Debt Service Reserve Reimbursement Pilot Program

AGENCY: Federal Transit Administration (FTA), DOT.

ACTION: Amendment of notice establishing Debt Service Reserve Pilot 
Program to include a class of participant; correction.

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SUMMARY: The Federal Transit Administration published in the Federal 
Register of December 28, 2006, a notice establishing the Debt Service 
Reserve Pilot Program as authorized under the Safe, Accountable, 
Flexible, Efficient Transportation Equity Act--a Legacy for Users. 
Inadvertently, an eligible class of participant in the pilot program 
was omitted. This document corrects that oversight.

DATES: Effective on February 13, 2007.

FOR FURTHER INFORMATION CONTACT: Paul L. Marx, 202-366-1675; E-MAIL: 
[email protected].

SUPPLEMENTARY INFORMATION: FTA published a notice in the Federal 
Register of December 28, 2006, at 71 FR 78267-78268, to establish a 
Debt Service Reserve Pilot Program that allows certain public 
transportation providers to seek reimbursement of their deposits of 
bond proceeds in a debt service account. This correction extends 
eligibility to apply under the pilot program to ``an entity engaged by 
such [i.e., eligible Formula Grant Program (Section 5307) recipient] 
provider to design, build, operate and maintain a project eligible 
under Section 5307.'' This eligibility is important because it provides 
additional opportunities for supporting public-private partnerships in 
public transportation. Further, typographical errors in the original 
notice are corrected.
    1. In FR 71 published on December 28, 2006, (71 FR 78267) on page 
78267, column 3, SUMMARY, remove ``pubic'' and insert in its place 
``public''.
    2. On page 78267, column 3, A. Authority, remove ``5323(d)(4)'' and 
insert in its place ``5323(e)(3)''.
    3. On page 78268, column 1, section 1 (C), insert after ``(Section 
5307)'': ``(or an eligible entity engaged by such provider to design, 
build, operate and maintain a project eligible under Section 5307) * * 
*''
    4. On page 78268, column 1, section 1 (D), remove ``blood'' and 
insert in its place ``bond''.
    A complete version of the Federal Register notice, revised to 
incorporate the changes described above, appears on

[[Page 6808]]

the FTA Web site at http://www.fta.dot.gov.

    Issued on February 7, 2007.
James S. Simpson,
Administrator.
[FR Doc. E7-2410 Filed 2-12-07; 8:45 am]
BILLING CODE 4910-57-P