Special American Business Internship Training Program (SABIT)

DEPARTMENT OF COMMERCE

International Trade Administration

[Docket No. 971202287-8077-02]

Special American Business Internship Training Program (SABIT)

AGENCY: International Trade Administration, Commerce.

ACTION: Notice.

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SUMMARY: This Notice supplements the Federal Register Notice of January

23, 1998 (63 FR 3540-3543) announcing the availability of funds for the

Special American Business Internship Training Program (SABIT), for

training business executives (also referred to as ``interns'') from the

Russian Federation. All information in the previous announcement

remains current, except for the changes to the closing date and the

amount of financial assistance available for the program, as explained

herein.

DATES: This Notice extends the closing date of the referenced Federal

Register Notice for four months to 5 p.m. July 31, 1998 and announces

the availability of additional funds. All awards are expected to be

made prior to January 1, 1999.

FOR FURTHER INFORMATION CONTACT: Liesel Duhon, Director, Special

American Business Internship Training Program, International Trade

Administration, U.S. Department of Commerce, phone--(202) 482-0073,

facsimile--(202) 482-2443. These are not toll free numbers.

SUPPLEMENTARY INFORMATION: In the SABIT funding notice of January 23,

1998, FR Doc. 98-1618, on page 63 FR 3540, third column, in the Funding

Availability paragraph, remove the second and third sentences regarding

funding and insert the following sentence in its place, ``The maximum

amount of financial assistance available for the program is

$675,000.00.'' This amount includes the $175,000 which was previously

announced. On page 63 FR 3541, first column, remove the sixth and

seventh full sentences starting on the 21st line and insert the

following three sentences in their place, ``ITA reserves the right to

allow an award to exceed this amount in cases of unusually high costs,

such as airfare from remote regions of Russia, with adequate

justification in the application and with prior approval of the

Department of Commerce. However, maximum costs shall not exceed

$6,000.00 per intern. The total payment cannot exceed the award

amount.''

Liesel Duhon,

Director, Special American Business Internship Training Program.

[FR Doc. 98-8304 Filed 3-30-98; 8:45 am]

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