Iowa Northwestern Railroad-Abandonment Exemption-in Osceola and Dickinson Counties, IA, 2301-2302 [06-234]

Download as PDF Federal Register / Vol. 71, No. 9 / Friday, January 13, 2006 / Notices Street, NW., Suite 225, Washington, DC 20005. Board decisions and notices are available on our Web site at http:// www.stb.dot.gov. Decided: January 5, 2006. By the Board, David M. Konschnik, Director, Office of Proceedings. Vernon A. Williams, Secretary. [FR Doc. 06–236 Filed 1–12–06; 8:45 am] BILLING CODE 4915–01–P DEPARTMENT OF TRANSPORTATION Surface Transportation Board [STB Finance Docket No. 34766] hsrobinson on PROD1PC70 with NOTICES Watco Companies, Inc.—Continuance in Control Exemption—Vicksburg Southern Railroad, Inc. Watco Companies, Inc. (Watco), has filed a verified notice of exemption to continue in control of Vicksburg Southern Railroad, Inc. (VSOR), upon VSOR’s becoming a Class III rail carrier.1 The transaction is expected to be consummated on or shortly after January 8, 2006. This transaction is related to a concurrently filed verified notice of exemption in STB Finance Docket No. 34765, Vicksburg Southern Railroad, Inc.—Lease and Operation Exemption— The Kansas City Southern Railway Company. In that proceeding, VSOR seeks to acquire by lease from The Kansas City Southern Railway Company and operate approximately 21.5 miles of rail line consisting of the following lines located in Mississippi: (1) KCS’s Redwood Branch, which is located between milepost 21.9, at the end of the line near Redwood, MS, and milepost 218.0, north of KCS’s Vicksburg Yard, at Vicksburg, MS, and includes track numbers 418, 419, 429, 430, 431, 432, and 433, and the locomotive facility buildings within the Vicksburg Yard; and (2) the branch line located between milepost 223.0, south of the connection with the KCS main line, and milepost 229.85, near Cedars, MS. Watco, a Kansas corporation, is a noncarrier that currently controls 16 Class III rail carriers: South Kansas and Oklahoma Railroad Company (SKO), Palouse River & Coulee City Railroad, Inc. (PRCC), Timber Rock Railroad, Inc. (TIBR), Stillwater Central Railroad, Inc. (SLWC), Eastern Idaho Railroad, Inc. (EIRR), Kansas & Oklahoma Railroad, Inc. (K&O), Pennsylvania Southwestern 1 Watco owns 100% of the issued and outstanding stock of VSOR. VerDate Aug<31>2005 15:41 Jan 12, 2006 Jkt 208001 Railroad, Inc. (PSWR), Great Northwest Railroad, Inc. (GNR), Kaw River Railroad, Inc. (KRR), Mission Mountain Railroad, Inc. (MMT), Appalachian & Ohio Railroad, Inc. (AO), Mississippi Southern Railroad, Inc. (MSRR), Yellowstone Valley Railroad, Inc. (YVRR), Louisiana Southern Railroad, Inc. (LSRR), Arkansas Southern Railroad, Inc. (ARSR), and Alabama Southern Railroad, Inc. (ABS).2 Applicant states that: (1) The rail lines operated by SKO, PRCC, TIBR, SLWC, EIRR, K&O, PSWR, GNR, KRR, MMT, AO, MSRR, YVRR, LSRR, ARSR, and ABS do not connect with the rail lines being leased by VSOR; (2) the continuance in control is not part of a series of anticipated transactions that would connect the rail lines being leased by VSOR with any railroad in the Watco corporate family; and (3) neither VSOR nor any of the carriers controlled by Watco are Class I rail carriers. Therefore, the transaction is exempt from the prior approval requirements of 49 U.S.C. 11323. See 49 CFR 1180.2(d)(2). The purpose of the transaction is to reduce overhead expenses, coordinate billing, maintenance, mechanical and personnel policies and practices of applicant’s rail carrier subsidiaries, thereby improving the overall efficiency of rail service provided by the 17 railroads. Under 49 U.S.C. 10502(g), the Board may not use its exemption authority to relieve a rail carrier of its statutory obligation to protect the interests of its employees. Section 11326(c), however, does not provide for labor protection for transactions under sections 11324 and 11325 that involve only Class III rail carriers. Accordingly, the Board may not impose labor protective conditions here, because all of the carriers involved are Class III carriers. If the verified notice contains false or misleading information, the exemption is void ab initio. Petitions to revoke the exemption under 49 U.S.C. 10502(d) may be filed at any time. The filing of a petition to revoke will not automatically stay the transaction. An original and 10 copies of all pleadings, referring to STB Finance 2 SKO’s lines are located in Missouri, Kansas, and Oklahoma; PRCC’s lines are located in Washington, Oregon, and Idaho; TIBR’s lines are located in Texas and Louisiana; SLWC’s lines are located in Oklahoma; EIRR’s lines are located in Idaho; K&O’s lines are located in Kansas and Colorado; PSWR’s line is located in Pennsylvania; GNR’s lines are located in Idaho and Washington; KRR’s lines are located in Kansas and Missouri; MMT’s lines are located in Montana; AO’s lines are located in West Virginia; MSRR’s line is located in Mississippi; YVRR’s lines are located in Montana; LSRR’s lines are located in Louisiana; ARSR’s lines are located in Arkansas; and ABS’s lines are located in Mississippi and Alabama. PO 00000 Frm 00124 Fmt 4703 Sfmt 4703 2301 Docket No. 34766, must be filed with the Surface Transportation Board, 1925 K Street, NW., Washington, DC 20423– 0001. In addition, a copy of each pleading must be served on Karl Morell, Of Counsel, Ball Janik LLP, 1455 F Street, NW., Suite 225, Washington, DC 20005. Board decisions and notices are available on our Web site at http// www.stb.dot.gov. Decided: January 5, 2006. By the Board, David M. Konschnik, Director, Office of Proceedings. Vernon A. Williams, Secretary. [FR Doc. 06–237 Filed 1–12–06; 8:45 am] BILLING CODE 4915–01–P DEPARTMENT OF TRANSPORTATION Surface Transportation Board [STB Docket No. AB–1067 (Sub-No. 1X)] Iowa Northwestern Railroad— Abandonment Exemption—in Osceola and Dickinson Counties, IA On December 27, 2005, General Railway Corporation, d/b/a Iowa Northwestern Railroad (IANW) filed with the Board a petition under 49 U.S.C. 10502 for exemption from the provisions of 49 U.S.C. 10903 to abandon a line of railroad known as the Iowa Northwestern Railroad, extending from milepost 235.25 near Lake Park, IA, to the end of the line at milepost 252.3 near Allendorf, IA, a distance of 17.05 miles in Osceola and Dickinson Counties, IA (the line). The stations of Harris (MP 240.5), Ocheyedan (MP 246.0) and Allendorf (MP 251.8) are located on the line. The line traverses United States Postal Service Zip Codes 51249, 51347, 51345, and 51354. The line does not contain federally granted rights-of-way. Any documentation in IANW’s possession will be made available promptly to those requesting it. IANW states that no railroad employees will be affected by this action. Nevertheless, to ensure that is the case, the interest of railroad employees will be protected by the conditions set forth in Oregon Short Line R. Co.—Abandonment—Goshen, 360 I.C.C. 91 (1979). By issuance of this notice, the Board is instituting an exemption proceeding pursuant to 49 U.S.C. 10502(b). A final decision will be issued by April 14, 2006. Any offer of financial assistance (OFA) under 49 CFR 1152.27(b)(2) will be due no later than 10 days after E:\FR\FM\13JAN1.SGM 13JAN1 2302 Federal Register / Vol. 71, No. 9 / Friday, January 13, 2006 / Notices hsrobinson on PROD1PC70 with NOTICES service of a decision granting the petition for exemption. Each OFA must be accompanied by a $1,200 filing fee. See 49 CFR 1002.2(f)(25). All interested persons should be aware that, following abandonment of rail service and salvage of the line, the line may be suitable for other public use, including interim trail use. Any request for a public use condition under 49 CFR 1152.28 or for trail use/rail banking under 49 CFR 1152.29 will be due no later than February 2, 2006. Each trail use request must be accompanied by a $200 filing fee. See 49 CFR 1002.2(f)(27). All filings in response to this notice must refer to STB Docket No. AB–1067 (Sub-No. 1X) and must be sent to: (1) Surface Transportation Board, 1925 K Street, NW., Washington, DC 20423– 0001; and (2) John F. Larkin, General Railway Corp. d/b/a Iowa Northwestern Railroad, 4814 Douglas St., Omaha, NE 68132. Persons seeking further information concerning abandonment procedures may contact the Board’s Office of Public Services at (202) 565–1592 or refer to the full abandonment or discontinuance regulations at 49 CFR part 1152. Questions concerning environmental issues may be directed to the Board’s Section of Environmental Analysis (SEA) at (202) 565–1539. [Assistance for the hearing impaired is available through the Federal Information Relay Service (FIRS) at 1–800–877–8339.] An environmental assessment (EA) (or environmental impact statement (EIS), if necessary), prepared by SEA, will be served upon all parties of record and upon any agencies or other persons who commented during its preparation. Other interested persons may contact SEA to obtain a copy of the EA (or EIS). EAs in these abandonment proceedings normally will be made available within 60 days of the filing of the petition. The deadline for submission of comments on the EA will generally be within 30 days of its service. Board decisions and notices are available on our Web site at http:// www.stb.dot.gov. Decided: January 5, 2006. By the Board, David M. Konschnik, Director, Office of Proceedings. Vernon A. Williams, Secretary. [FR Doc. 06–234 Filed 1–12–06; 8:45 am] BILLING CODE 4915–01–P VerDate Aug<31>2005 15:41 Jan 12, 2006 Jkt 208001 DEPARTMENT OF THE TREASURY Departmental Offices; Debt Management Advisory Committee Meeting Notice is hereby given, pursuant to 5 U.S.C. App. 2 § 10(a)(2), that a meeting will be held at the Hay-Adams Hotel, 16th Street and Pennsylvania Avenue, NW., Washington, DC, on January 31, 2006 at 3 p.m. of the following debt management advisory committee: Treasury Borrowing Advisory Committee of The Bond Market Association (‘‘Committee’’) The agenda for the meeting provides for a charge by the Secretary of the Treasury or his designate that the Committee discuss particular issues, and a working session. Following the working session, the Commission will present a written report of its recommendations. The meeting will be closed to the public, pursuant to 5 U.S.C. App. 2 § 10(d) and Pub. L. 103– 202, § 202(c)(1)(B) (31 U.S.C. § 3121 note). This notice shall constitute my determination, pursuant to the authority placed in heads of agencies by 5 U.S.C. App. 2, § 10(d) and vested in me by Treasury Department Order No. 101–05, that the meeting will consist of discussions and debates of the issues presented to the Committee by the Secretary of the Treasury and the making of recommendations of the Committee to the Secretary, pursuant to Pub. L. 103–202, § 202(c)(1)(B). Thus, this information is exempt from disclosure under that provision and 5 U.S.C. 552b(c)(3)(B). In addition, the meeting is concerned with information that is exempt from disclosure under 5 U.S.C. 552b(c)(9)(A). The public interest requires that such meetings be closed to the public because the Treasury Department requires frank and full advice from representatives of the financial community prior to making its final decisions on major financing operations. Historically, this advice has been offered by debt management advisory committee established by the several major segments of the financial community. When so utilized, such a committee is recognized to be an advisory committee under 5 U.S.C. App. 2, § 3. Although the Treasury’s final announcement of financing plans may not reflect the recommendations provided in reports of the Committee, premature disclosure of the Committee’s deliberations and reports would be likely to lead to significant financial speculation in the securities market. Thus, this meeting falls within the PO 00000 Frm 00125 Fmt 4703 Sfmt 4703 exemption covered by 5 U.S.C. 552b(c)(9)(A). Treasury staff will provide a technical briefing to the press on the day before the Committee meeting, following the release of a statement of economic conditions, financing estimates and technical charts. This briefing will give the press an opportunity to ask questions about financing projections and technical charts. The day after the Committee meeting, Treasury will release the minutes of the meeting, any charts that were discussed at the meeting, and the Committee’s report to the Secretary. The Office of Debt Management is responsible for maintaining records of debt management advisory committee meetings and for providing annual reports setting forth a summary of Committee activities and such other matters as may be informative to the public consistent with the policy 5 U.S.C. 552(c). The Designated Federal Officer or other responsible agency official who may be contacted for additional information is Jeff Huther, Director, Office of Debt Management, at (202) 622–1868. Dated: Janaury 6, 2006. Emil W. Henry, Jr., Assistant Secretary, Financial Institutions. [FR Doc. 06–297 Filed 1–12–06; 8:45 am] BILLING CODE 4810–25–M DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency [Docket No. 06–01] BOARD OF THE GOVERNORS OF THE FEDERAL RESERVE SYSTEM [Docket No. OP–1248] FEDERAL DEPOSIT INSURANCE CORPORATION DEPARTMENT OF THE TREASURY Office of Thrift Supervision [No. 2006–01] Concentrations in Commercial Real Estate Lending, Sound Risk Management Practices Office of the Comptroller of the Currency, Treasury (OCC); Board of Governors of the Federal Reserve System (Board); Federal Deposit Insurance Corporation (FDIC); and Office of Thrift Supervision, Treasury (OTS). AGENCIES: E:\FR\FM\13JAN1.SGM 13JAN1

Agencies

[Federal Register Volume 71, Number 9 (Friday, January 13, 2006)]
[Notices]
[Pages 2301-2302]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 06-234]


-----------------------------------------------------------------------

DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[STB Docket No. AB-1067 (Sub-No. 1X)]


Iowa Northwestern Railroad--Abandonment Exemption--in Osceola and 
Dickinson Counties, IA

    On December 27, 2005, General Railway Corporation, d/b/a Iowa 
Northwestern Railroad (IANW) filed with the Board a petition under 49 
U.S.C. 10502 for exemption from the provisions of 49 U.S.C. 10903 to 
abandon a line of railroad known as the Iowa Northwestern Railroad, 
extending from milepost 235.25 near Lake Park, IA, to the end of the 
line at milepost 252.3 near Allendorf, IA, a distance of 17.05 miles in 
Osceola and Dickinson Counties, IA (the line). The stations of Harris 
(MP 240.5), Ocheyedan (MP 246.0) and Allendorf (MP 251.8) are located 
on the line. The line traverses United States Postal Service Zip Codes 
51249, 51347, 51345, and 51354.
    The line does not contain federally granted rights-of-way. Any 
documentation in IANW's possession will be made available promptly to 
those requesting it.
    IANW states that no railroad employees will be affected by this 
action. Nevertheless, to ensure that is the case, the interest of 
railroad employees will be protected by the conditions set forth in 
Oregon Short Line R. Co.--Abandonment--Goshen, 360 I.C.C. 91 (1979).
    By issuance of this notice, the Board is instituting an exemption 
proceeding pursuant to 49 U.S.C. 10502(b). A final decision will be 
issued by April 14, 2006.
    Any offer of financial assistance (OFA) under 49 CFR 1152.27(b)(2) 
will be due no later than 10 days after

[[Page 2302]]

service of a decision granting the petition for exemption. Each OFA 
must be accompanied by a $1,200 filing fee. See 49 CFR 1002.2(f)(25).
    All interested persons should be aware that, following abandonment 
of rail service and salvage of the line, the line may be suitable for 
other public use, including interim trail use. Any request for a public 
use condition under 49 CFR 1152.28 or for trail use/rail banking under 
49 CFR 1152.29 will be due no later than February 2, 2006. Each trail 
use request must be accompanied by a $200 filing fee. See 49 CFR 
1002.2(f)(27).
    All filings in response to this notice must refer to STB Docket No. 
AB-1067 (Sub-No. 1X) and must be sent to: (1) Surface Transportation 
Board, 1925 K Street, NW., Washington, DC 20423-0001; and (2) John F. 
Larkin, General Railway Corp. d/b/a Iowa Northwestern Railroad, 4814 
Douglas St., Omaha, NE 68132.
    Persons seeking further information concerning abandonment 
procedures may contact the Board's Office of Public Services at (202) 
565-1592 or refer to the full abandonment or discontinuance regulations 
at 49 CFR part 1152. Questions concerning environmental issues may be 
directed to the Board's Section of Environmental Analysis (SEA) at 
(202) 565-1539. [Assistance for the hearing impaired is available 
through the Federal Information Relay Service (FIRS) at 1-800-877-
8339.]
    An environmental assessment (EA) (or environmental impact statement 
(EIS), if necessary), prepared by SEA, will be served upon all parties 
of record and upon any agencies or other persons who commented during 
its preparation. Other interested persons may contact SEA to obtain a 
copy of the EA (or EIS). EAs in these abandonment proceedings normally 
will be made available within 60 days of the filing of the petition. 
The deadline for submission of comments on the EA will generally be 
within 30 days of its service.
    Board decisions and notices are available on our Web site at http:/
/www.stb.dot.gov.

    Decided: January 5, 2006.

    By the Board, David M. Konschnik, Director, Office of 
Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. 06-234 Filed 1-12-06; 8:45 am]
BILLING CODE 4915-01-P