EBSA (Formerly PWBA) Federal Register Notice

Kimball International, Inc. Retirement Plan (the Plan) [02/26/2002]

Volume 67, Number 38, Page 8823

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

DEPARTMENT OF LABOR

Pension and Welfare Benefits Administration

[Exemption Application No. D-10949]

 
Kimball International, Inc. Retirement Plan (the Plan)

AGENCY: Pension and Welfare Benefits Administration, Department of 
Labor (the Department).

ACTION: Notice of technical correction.

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

    On January 9, 2002 (67 FR 1242), the Department published in the 
Federal Register an exemption (the Exemption) from the prohibited 
transaction restrictions of the Employee Retirement Income Security Act 
of 1974 and from certain taxes imposed by the Internal Revenue Code of 
1986, which would allow the sale by the Plan of stock of SVB&T 
Corporation.
    The Department notes that in the second column, in the first 
paragraph of the Exemption on page 1246 of the Federal Register the 
operative language should read as follows: ``The restrictions of 
sections 406(a), 406(b)(1) and (b)(2) of the Act and the sanctions 
resulting from the application of section 4975 of the Code, by reason 
of section 4975(c)(1)(A) through (E) of the Code, shall not apply to 
the proposed sale (the Sale) by the Plan of stock (the Shares) of SVB&T 
Corporation (Springs Valley) to Springs Valley, the parent company of 
the Plan trustee, Springs Valley Bank & Trust, and a party in interest 
with respect to the Plan, provided that the following conditions are 
met.''
    The Department hereby amends the Exemption to incorporate such 
change.

FOR FURTHER INFORMATION CONTACT: Mr. Khalif Ford of the Department at 
(202) 693-8540. (This is not a toll-free number.)

    Signed at Washington, DC, this 20th day of February, 2002.
Ivan L. Strasfeld,
Director of Exemption, Determinations, Pension and Welfare Benefits 
Administration, Department of Labor.
[FR Doc. 02-4500 Filed 2-25-02; 8:45 am]
BILLING CODE 4520-29-P