[Federal Register: November 24, 2000 (Volume 65, Number 227)]
[Notices]               
[Page 70625]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr24no00-98]                         

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DEPARTMENT OF LABOR

Pension and Welfare Benefits Administration

[Exemption Application D-10608 and D-10609]

 
Withdrawal of Notice of Proposed Exemption Involving the 
Millcraft Industries Salaried Employees' Pension Plan and the Millcraft 
Products, Inc. Hourly Employees' Pension Plan (collectively, the 
Plans); Located in Canonsburg, PA

    In the Federal Register dated October 6, 1998 (63 FR 53720), the 
Department of Labor (the Department) published a notice of proposed 
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. The notice of proposed exemption, 
for which retroactive relief had been requested, concerned three cash 
sales by the Plans of certain third party common stock to Millcraft 
Industries, Inc., (Millcraft), the sponsor of the Plans and a party in 
interest.
    By letter dated November 3, 2000, Millcraft, its wholly owned 
subsidiary, Millcraft, Products, Inc., and the trustees of the Plans, 
informed the Department that they wished to withdraw the notice of 
proposed exemption.
    Accordingly the notice of proposed exemption is hereby withdrawn.

    Signed at Washington, D.C., this 20th day of November, 2000.
Ivan L. Strasfeld,
Director of Exemption Determinations, Pension and Welfare Benefits 
Administration, Department of Labor.
[FR Doc. 00-29972 Filed 11-22-00; 8:45 am]
BILLING CODE 4510-29-P