[Federal Register: April 15, 1998 (Volume 63, Number 72)]
[Notices]               
[Page 18408]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr15ap98-85]

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ENVIRONMENTAL PROTECTION AGENCY

[FRL-5996-1]

 
Open Meeting of the Environmental Financial Advisory Board on May 
5, 1998

AGENCY: Environmental Protection Agency (EPA).

ACTION: Notice.

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SUMMARY: The Environmental Financial Advisory Board (EFAB) will hold an 
open meeting on a proposed Environmental Bond Guaranty program for the 
New Independent States of the former Soviet Union (NIS). This program 
would create a $100 million fund to enhance the credit of municipal 
bonds issued in the NIS by guarantying financial obligations undertaken 
by NIS regional or local governments (or those formally acting on 
behalf of such governments) for capital projects providing 
environmental infrastructure that serve the general public. Types of 
environmental infrastructure projects covered may include, but not be 
limited to, drinking water purification or distribution, wastewater 
collection or treatment, solid or hazardous disposal waste, the 
efficient generation or use of energy, and air pollution abatement.
    The meeting is scheduled for May 5, 1998 in the Zenger Room at the 
National Press Club Building, 526 14th St., NW., 13th Floor, 
Washington, DC. The meeting will run from 9:00 a.m.-3:00 p.m.
    EFAB is a federally chartered advisory board that provides analysis 
and advice to the U.S. Environmental Protection Agency (EPA) on 
environmental finance issues. EFAB has been asked by the EPA's Office 
of International Activities to review and comment on the guaranty fund 
concept. As part of EFAB's review, this meeting will solicit public 
comment and facilitate discussion of the best approaches to encourage 
the financing of environmental projects in the NIS.
    A draft feasibility study on the Environmental Bond Guaranty 
program is available on EPA's web site at http://www.epa.gov/efinpage/
partcont.htm. Summaries of the study in hard copy form are available by 
contacting the numbers listed below. Written comments are welcome at 
United States Environmental Protection Agency, Environmental Finance 
Program, 401 M St. SW., Mail Code 2731R, Washington, DC 20460.
    Several invited speakers will make presentations and the public is 
welcome, but seating is limited. Parties who wish to provide remarks 
should contact Michael Segal at (202) 564-2211 or Tim McProuty at (202) 
564-4996 of the Environmental Finance Program.

    Dated: April 9, 1998.
Michael Ryan,
Comptroller.
[FR Doc. 98-10003 Filed 4-14-98; 8:45 am]
BILLING CODE 6560-50-M