SECTION 16. EFFECTIVE DATE

This revenue procedure is generally effective September 1, 2006. However, (1) sections 11.11, 11.14, and 14.04 are effective on or after May 30, 2006, and (2) plan sponsors are permitted, at their option, to apply the provisions of this revenue procedure on or after May 30, 2006.

Specifically, except in the case of (1) above and unless a plan sponsor applies the provisions of this revenue procedure earlier, this revenue procedure is effective:

(a) with respect to SCP, for failures for which correction is not complete before September 1, 2006;

(b) with respect to VCP, for applications submitted on or after September 1, 2006; and

(c) with respect to Audit CAP, for examinations begun on or after September 1, 2006.