DEPARTMENT OF COMMERCE
Foreign-Trade Zones Board
[Docket 34-88]
53 FR 43748
October 28, 1988
Foreign-Trade Zone 78 -- Nashville, TN; Extension of Time Limit for Subzones
78C and 78D Tennessee Valley Authority Equipment Storage Facilities
Hartsville and Phipps Bend, TN
TEXT: An application has been submitted to the Foreign-Trade Zones Board
(the Board) by the Metropolitan Nashville-Davidson County Port Authority,
grantee of FTZ 78, requesting an extension of the time limit on Subzones
78C (to 10-25-93) and 78D (to 12-31-89) at Tennessee Valley Authority's
(TVA) nuclear equipment storage facilities in Hartsville and Phipps Bend,
Tennessee. The application was submitted pursuant to the provisions of the
Foreign-Trade Zones Act, as amended (19 USC 81a-81u), and the regulations
of the Board (15 CFR Part 400). It was formally filed on October 25, 1988.
Subzones 78C and 78D were approved by the Board on March 30, 1984, to
allow TVA to defer duties on certain foreign-sourced nuclear power plant
equipment purchased for power plants that were never built (Board Order 246,
49 FR 13562). The approval was requested and granted for five years
(3-30-89), during which time TVA had expected to sell the equipment. TVA
only recently found a purchaser in the Park Company, an Ohio general
partnership, which plans to sell the equipment to a foreign buyer. As part
of the sales transaction, TVA has entered into a related agreement with the
Global Power Company, Inc., a Delaware Corp., (an affiliate of Park)
regarding the leasing of the facilities on which the property in question
is located. This will place Global in the position of subzone operator for
purposes of the transaction. The transaction is contingent upon the
continuation of subzone status. In the absence of this transaction, TVA
planned to scrap the equipment in question.
In accordance with the Board's regulations, an examiners committee has
been appointed to investigate the application and report to the Board. The
committee consists of: John J. Da Ponte, Jr., (Chairman), director,
Foreign-Trade Zones Staff, U.S. Department of Commerce, Washington, DC
20230; Joel Mish, District Director, U.S. Customs Service, South Central
Region, 423 Canal Street, New Orleans, Louisiana 70130; and, Colonel
O'Brene Richardson, District Engineer, U.S. Army Engineer District Memphis,
B-202, 167 N. Main, Memphis, Tennessee 38103-1894.
Comments concerning the proposed time extension are invited in writing
from interested parties. They should be addressed to the Board's Executive
Secretary at the address below and postmarked on or before November 11,
1988.
A copy of the application is available for public inspection at each of
the following locations:
U.S. Department of Commerce District Office
Suite 1114 Parkway Towers,
404 James Robertson Parkway,
Nashville, TN 38103-1505.
Office of the Executive Secretary
Foreign-Trade Zones Board,
U.S. Department of Commerce, Room 1529,
14th & Pennsylvania Ave., NW.,
Washington, DC 20230.
Dated: October 26, 1988.
John J. Da Ponte, Jr.,
Executive Secretary.
[FR Doc. 88-25115 Filed 10-27-88; 8:45 am]
BILLING CODE 3510-DS-M