Arkansas Shortline Railroads, Inc.-Continuance in Control Exemption-North Louisiana & Arkansas Railroad, Inc., 50327 [2011-20505]

Download as PDF Federal Register / Vol. 76, No. 156 / Friday, August 12, 2011 / Notices DEPARTMENT OF TRANSPORTATION Surface Transportation Board [Docket No. FD 35543] mstockstill on DSK4VPTVN1PROD with NOTICES Arkansas Shortline Railroads, Inc.— Continuance in Control Exemption— North Louisiana & Arkansas Railroad, Inc. Arkansas Shortline Railroads, Inc. (ASR), a noncarrier, has filed a verified notice of exemption pursuant to 49 CFR 1180.2(d)(2) to continue in control of North Louisiana & Arkansas Railroad, Inc. (NLA) upon NLA’s becoming a Class III rail carrier. In Delta Southern Railroad— Abandonment Exemption—in Desha and Chicot Counties, Ark., AB 384 (SubNo. 3X) (STB served Mar. 25, 2011), Delta Southern Railroad, Inc. (DSR) was authorized to abandon a 24.1-mile line of railroad (the Line) extending between milepost 408.9 at or near McGehee and milepost 433.0 at or near Lake Village, in Desha and Chicot Counties, Ark., subject to environmental and standard employee protective conditions. Lake Providence Port Commission and ASR as guarantor for its wholly owned subsidiary, NLA, a newly formed noncarrier (collectively, Offerors), jointly filed a timely offer of financial assistance (OFA) under the provisions of 49 U.S.C. 10904 and 49 CFR 1152.27 to purchase the entire Line. By a decision served on April 8, 2011, the Board found the Offerors to be financially responsible. By a decision served on May 19, 2011, the Offerors were authorized to acquire the Line, and NLA was authorized to operate the Line. ASR currently controls 3 Class III rail carriers: Dardanelle & Russellville Railroad, Inc., Ouachita Railroad, and Camden & Southern Railroad, Inc. The parties propose to consummate the transaction after the August 26, 2011 effective date of the exemption (30 days after the exemption was filed). ASR represents that: (1) The rail line to be operated by NLA will not connect with any other lines in their corporate family; (2) the continuance in control is not part of a series of anticipated transactions that would connect the railroads with each other or with any other railroad in their corporate family; and (3) the transaction does not involve a Class I rail carrier. Therefore, the transaction is exempt from the prior approval requirements of 49 U.S.C. 11323. See 49 CFR 1180.2(d)(2). 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, VerDate Mar<15>2010 16:37 Aug 11, 2011 Jkt 223001 does not provide for labor protection for transactions under §§ 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 effectiveness of the exemption. Stay petitions must be filed no later than August 19, 2011 (at least 7 days before the exemption becomes effective). An original and 10 copies of all pleadings, referring to Docket No. FD 35543, must be filed with the Surface Transportation Board, 395 E Street, SW., Washington, DC 20423–0001. In addition, a copy of each pleading must be served on Richard H. Streeter, Law Office of Richard H. Streeter, 5255 Partridge Lane, NW., Washington, DC 20016. Board decisions and notices are available on our Web site at https:// www.stb.dot.gov. Decided: August 5, 2011. By the Board. Rachel D. Campbell, Director, Office of Proceedings. Jeffrey Herzig, Clearance Clerk. [FR Doc. 2011–20505 Filed 8–11–11; 8:45 am] BILLING CODE 4915–01–P DEPARTMENT OF THE TREASURY Submission for OMB Review; Comment Request August 8, 2011. The Department of Treasury will submit the following public information collection requirement(s) to OMB for review and clearance under the Paperwork Reduction Act of 1995, Public Law 104–13 on or after the date of publication of this notice. A copy of the submission(s) may be obtained by calling the Treasury Bureau Clearance Officer listed. Comments regarding this information collection should be addressed to the OMB reviewer listed and to the Treasury Department Clearance Officer, Department of the Treasury, Room 11010, 1750 Pennsylvania Avenue, NW., Washington, DC 20220. DATES: Written comments should be received on or before September 12, 2011 to be assured of consideration. PO 00000 Frm 00162 Fmt 4703 Sfmt 4703 50327 Financial Crimes Enforcement Network (FinCEN) OMB Number: 1506–0043. Type of Review: Extension without change of a currently approved collection. Title: Correspondent Accounts for Foreign Shell Banks; Record keeping and Termination of Correspondent Accounts. Abstract: These rules prohibit domestic financial institutions from maintaining correspondent accounts with foreign shell banks and require such institutions to maintain records of the owners, and agents, for service of legal process of foreign banks. Affected Public: Private Sector: Businesses or other for-profits, not-forprofit institutions. Estimated Total Burden Hours: 306,000. OMB Number: 1506–0051. Type of Review: Extension without change of a currently approved collection. Title: Special rules for casinos (31 CFR 1021.210, 1021.410(b)(10), and 1010.430. Abstract: This section provides special rules for casinos, including the requirement that casinos maintain a written anti money laundering compliance program. Affected Public: Private Sector: Businesses or other for-profits. Estimated Total Burden Hours: 92,500. OMB Number: 1506–0052. Type of Review: Extension without change of a currently approved collection. Title: Additional records to be made and retained by currency dealers or exchangers (31 CFR 1022.410 & 1010.430. Abstract: A currency dealer or exchanger must make and maintain a record of the taxpayer identification number of certain persons for whom a transaction account is opened or a line of credit is extended, and must maintain a list containing the names, addresses, and account or credit line numbers of those persons from whom it has been unable to secure such information. A currency dealer or exchanger must retain the original or a copy of certain documents, as specified in section 1022.410. The required records must be maintained for five years (31 CFR 1010.430). Affected Public: Private Sector: Businesses or other for-profits. Estimated Total Burden Hours: 36,800. OMB Number: 1506–0053. E:\FR\FM\12AUN1.SGM 12AUN1

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[Federal Register Volume 76, Number 156 (Friday, August 12, 2011)]
[Notices]
[Page 50327]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-20505]



[[Page 50327]]

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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[Docket No. FD 35543]


Arkansas Shortline Railroads, Inc.--Continuance in Control 
Exemption--North Louisiana & Arkansas Railroad, Inc.

    Arkansas Shortline Railroads, Inc. (ASR), a noncarrier, has filed a 
verified notice of exemption pursuant to 49 CFR 1180.2(d)(2) to 
continue in control of North Louisiana & Arkansas Railroad, Inc. (NLA) 
upon NLA's becoming a Class III rail carrier.
    In Delta Southern Railroad--Abandonment Exemption--in Desha and 
Chicot Counties, Ark., AB 384 (Sub-No. 3X) (STB served Mar. 25, 2011), 
Delta Southern Railroad, Inc. (DSR) was authorized to abandon a 24.1-
mile line of railroad (the Line) extending between milepost 408.9 at or 
near McGehee and milepost 433.0 at or near Lake Village, in Desha and 
Chicot Counties, Ark., subject to environmental and standard employee 
protective conditions.
    Lake Providence Port Commission and ASR as guarantor for its wholly 
owned subsidiary, NLA, a newly formed noncarrier (collectively, 
Offerors), jointly filed a timely offer of financial assistance (OFA) 
under the provisions of 49 U.S.C. 10904 and 49 CFR 1152.27 to purchase 
the entire Line. By a decision served on April 8, 2011, the Board found 
the Offerors to be financially responsible. By a decision served on May 
19, 2011, the Offerors were authorized to acquire the Line, and NLA was 
authorized to operate the Line.
    ASR currently controls 3 Class III rail carriers: Dardanelle & 
Russellville Railroad, Inc., Ouachita Railroad, and Camden & Southern 
Railroad, Inc.
    The parties propose to consummate the transaction after the August 
26, 2011 effective date of the exemption (30 days after the exemption 
was filed).
    ASR represents that: (1) The rail line to be operated by NLA will 
not connect with any other lines in their corporate family; (2) the 
continuance in control is not part of a series of anticipated 
transactions that would connect the railroads with each other or with 
any other railroad in their corporate family; and (3) the transaction 
does not involve a Class I rail carrier. Therefore, the transaction is 
exempt from the prior approval requirements of 49 U.S.C. 11323. See 49 
CFR 1180.2(d)(2).
    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 Sec. Sec.  
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 effectiveness of the 
exemption. Stay petitions must be filed no later than August 19, 2011 
(at least 7 days before the exemption becomes effective).
    An original and 10 copies of all pleadings, referring to Docket No. 
FD 35543, must be filed with the Surface Transportation Board, 395 E 
Street, SW., Washington, DC 20423-0001. In addition, a copy of each 
pleading must be served on Richard H. Streeter, Law Office of Richard 
H. Streeter, 5255 Partridge Lane, NW., Washington, DC 20016.
    Board decisions and notices are available on our Web site at https://www.stb.dot.gov.

    Decided: August 5, 2011.

    By the Board.
Rachel D. Campbell,
Director, Office of Proceedings.
Jeffrey Herzig,
Clearance Clerk.
[FR Doc. 2011-20505 Filed 8-11-11; 8:45 am]
BILLING CODE 4915-01-P

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