75 FR 249 pg. 82066 - Change in Discount Rate for Water Resources Planning
Type: NOTICEVolume: 75Number: 249Page: 82066
FR document: [FR Doc. 2010-32801 Filed 12-28-10; 8:45 am]
Agency: Interior Department
Sub Agency: Bureau of Reclamation
Official PDF Version: PDF Version
DEPARTMENT OF THE INTERIOR
Bureau of Reclamation
Change in Discount Rate for Water Resources Planning
AGENCY:
Bureau of Reclamation, Interior.
ACTION:
Notice of change.
SUMMARY:
The Water Resources Planning Act of 1965 and the Water Resources Development Act of 1974 require an annual determination of a discount rate for Federal water resources planning. The discount rate for Federal water resources planning for fiscal year 2011 is 4.125 percent. Discounting is to be used to convert future monetary values to present values.
DATES:
This discount rate is to be used for the period October 1, 2010, through and including September 30, 2011.
FOR FURTHER INFORMATION CONTACT:
Brooke Miller-Levy, Water and Environmental Resources Division, Denver, Colorado 80225; telephone: 303-445-2889.
SUPPLEMENTARY INFORMATION:
Notice is hereby given that the interest rate to be used by Federal agencies in the formulation and evaluation of plans for water and related land resources is 4.125 percent for fiscal year 2011.
This rate has been computed in accordance with Section 80(a), Public Law 93-251 (88 Stat. 34) and 18 CFR 704.39, which: (1) specify that the rate will be based upon the average yield during the preceding fiscal year on interest-bearing marketable securities of the United States which, at the time the computation is made, have terms of 15 years or more remaining to maturity (average yield is rounded to nearest one-eighth percent); and (2) provide that the rate will not be raised or lowered more than one-quarter of 1 percent for any year. The U.S. Department of the Treasury calculated the specified average to be 4.1620 percent. This average value is then rounded to the nearest one-eighth of a point, resulting in 4.125 percent.
The rate of 4.125 percent will be used by all Federal agencies in the formulation and evaluation of water and related land resources plans for the purpose of discounting future benefits and computing costs or otherwise converting benefits and costs to a common-time basis.
Dated: December 3, 2010.
Roseann Gonzales,
Director, Policy and Administration, Denver Office.
[FR Doc. 2010-32801 Filed 12-28-10; 8:45 am]
BILLING CODE 4310-MN-P