Kansas City Terminal Railway Company-Intra-Corporate Exemption-Kansas City Transportation Company LLC, 14577 [06-2716]

Download as PDF Federal Register / Vol. 71, No. 55 / Wednesday, March 22, 2006 / Notices pleading must be served on Ronald A. Lane, 29 North Wacker Drive, Suite 920, Chicago, IL 60606–2832. Board decisions and notices are available on our Web site at https:// www.stb.dot.gov. Decided: March 14, 2006. By the Board, David M. Konschnik, Director, Office of Proceedings. Vernon A. Williams, Secretary. [FR Doc. 06–2717 Filed 3–21–06; 8:45 am] BILLING CODE 4915–01–P DEPARTMENT OF TRANSPORTATION Surface Transportation Board [STB Finance Docket No. 34831] cprice-sewell on PROD1PC70 with NOTICES Kansas City Terminal Railway Company—Intra-Corporate Exemption—Kansas City Transportation Company LLC Kansas City Terminal Railway Company (KCT) has filed a verified notice of exemption under 49 CFR 1180.2(d)(3) for a transaction within a corporate family. The transaction involves KCT’s continuance in control of its wholly owned subsidiary Kansas City Transportation Company LLC (KCTL), upon KCTL’s becoming a Class III rail carrier. This transaction is related to STB Finance Docket No. 34830, Kansas City Transportation Company LLC—Lease and Assignment of Lease Exemption— Kansas City Terminal Railway Company and Kaw River Railroad, Inc.,1 wherein KCTL: (1) seeks to acquire by lease from KCT approximately 25.73 miles of rail line in the Kansas City Terminal District in Jackson County, MO, and Wyandotte County, KS; and (2) seeks to acquire by assignment from Kaw River Railroad, Inc. (KRR) the operating and lease rights over all tracks owned by KCT which are currently subleased to KRR, and over all tracks owned by The Kansas City Southern Railway Company which are leased to KRR. The transaction was expected to be consummated on March 1, 2006, the effective date of the exemption (7 days after the exemption was filed). KCT states that this is an intracorporate family transaction that will not result in adverse changes in service levels, significant operational changes, 1 On February 27, 2006, the Brotherhood of Locomotive Engineers and Trainmen, a Division of the Rail Conference, International Brotherhood of Teamsters, filed a petition for a stay of the transactions encompassed by both notices of exemption. The stay request was denied by decision served on February 28, 2006. VerDate Aug<31>2005 14:47 Mar 21, 2006 Jkt 208001 or a change in the competitive balance with carriers outside the corporate family. Therefore, the transaction is exempt from the prior approval requirements of 49 U.S.C. 11323. See 49 CFR 1180.2(d)(3). 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 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 Docket No. 34831, must be filed with the Surface Transportation Board, 1925 K Street, NW., Washington, DC 20423– 0001. In addition, one copy of each pleading must be served on Ronald A. Lane, 29 North Wacker Drive, Suite 920, Chicago, IL 60606–2832. Board decisions and notices are available on our Web site at https:// www.stb.dot.gov. Decided: March 14, 2006. By the Board, David M. Konschnik, Director, Office of Proceedings. Vernon A. Williams, Secretary. [FR Doc. 06–2716 Filed 3–21–06; 8:45 am] BILLING CODE 4915–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Form 8611 Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. AGENCY: SUMMARY: The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104–13 (44 U.S.C. PO 00000 Frm 00085 Fmt 4703 Sfmt 4703 14577 3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning Form 8611, Recapture of Low-Income Housing Credit. DATES: Written comments should be received on or before May 22, 2006 to be assured of consideration. ADDRESSES: Direct all written comments to Glenn Kirkland Internal Revenue Service, room 6512, 1111 Constitution Avenue NW., Washington, DC 20224. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the form and instructions should be directed to Larnice Mack at Internal Revenue Service, room 6512, 1111 Constitution Avenue NW., Washington, DC 20224, or at (202) 622– 3179, or through the Internet at Larnice.Mack@irs.gov. SUPPLEMENTARY INFORMATION: Title: Recapture of Low-Income Housing Credit. OMB Number: 1545–1035. Form Number: 8611. Abstract: IRC section 42 permits owners of residential rental projects providing low-income housing to claim a credit against their income tax. If the property is disposed of or if it fails to meet certain requirements over a 15year compliance period and a bond is not posted, the owner must recapture on Form 8611 part of the credits taken in prior years. Current Actions: There are no changes being made to the form at this time. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organizations and individuals. Estimated Number of Respondents: 1,000. Estimated Time Per Respondent: 7 hours, 50 minutes. Estimated Total Annual Burden Hours: 7,842. The following paragraph applies to all of the collections of information covered by this notice: An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the collection of information displays a valid OMB control number. Books or records relating to a collection of information must be retained as long as their contents may become material in the administration of any internal revenue law. Generally, tax returns and tax return information are confidential, as required by 26 U.S.C. 6103. Request for Comments: Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval. All comments will become a matter of public record. Comments are invited on: E:\FR\FM\22MRN1.SGM 22MRN1

Agencies

[Federal Register Volume 71, Number 55 (Wednesday, March 22, 2006)]
[Notices]
[Page 14577]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 06-2716]


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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[STB Finance Docket No. 34831]


Kansas City Terminal Railway Company--Intra-Corporate Exemption--
Kansas City Transportation Company LLC

    Kansas City Terminal Railway Company (KCT) has filed a verified 
notice of exemption under 49 CFR 1180.2(d)(3) for a transaction within 
a corporate family. The transaction involves KCT's continuance in 
control of its wholly owned subsidiary Kansas City Transportation 
Company LLC (KCTL), upon KCTL's becoming a Class III rail carrier.
    This transaction is related to STB Finance Docket No. 34830, Kansas 
City Transportation Company LLC--Lease and Assignment of Lease 
Exemption--Kansas City Terminal Railway Company and Kaw River Railroad, 
Inc.,\1\ wherein KCTL: (1) seeks to acquire by lease from KCT 
approximately 25.73 miles of rail line in the Kansas City Terminal 
District in Jackson County, MO, and Wyandotte County, KS; and (2) seeks 
to acquire by assignment from Kaw River Railroad, Inc. (KRR) the 
operating and lease rights over all tracks owned by KCT which are 
currently subleased to KRR, and over all tracks owned by The Kansas 
City Southern Railway Company which are leased to KRR.
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    \1\ On February 27, 2006, the Brotherhood of Locomotive 
Engineers and Trainmen, a Division of the Rail Conference, 
International Brotherhood of Teamsters, filed a petition for a stay 
of the transactions encompassed by both notices of exemption. The 
stay request was denied by decision served on February 28, 2006.
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    The transaction was expected to be consummated on March 1, 2006, 
the effective date of the exemption (7 days after the exemption was 
filed).
    KCT states that this is an intra-corporate family transaction that 
will not result in adverse changes in service levels, significant 
operational changes, or a change in the competitive balance with 
carriers outside the corporate family. Therefore, the transaction is 
exempt from the prior approval requirements of 49 U.S.C. 11323. See 49 
CFR 1180.2(d)(3).
    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 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 Docket No. 34831, must be filed with the Surface Transportation 
Board, 1925 K Street, NW., Washington, DC 20423-0001. In addition, one 
copy of each pleading must be served on Ronald A. Lane, 29 North Wacker 
Drive, Suite 920, Chicago, IL 60606-2832.
    Board decisions and notices are available on our Web site at http:/
/www.stb.dot.gov.

    Decided: March 14, 2006.

    By the Board, David M. Konschnik, Director, Office of 
Proceedings.

Vernon A. Williams,
 Secretary.
[FR Doc. 06-2716 Filed 3-21-06; 8:45 am]
BILLING CODE 4915-01-P

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