Small Business Investment Company (SBIC) Program: SBA Model Form of Agreement of Limited Partnership for an SBIC Issuing Debentures, 36881-36882 [2015-15685]

Download as PDF Federal Register / Vol. 80, No. 123 / Friday, June 26, 2015 / Notices The Commission believes that extending the 2014 Pilot Program will ensure that these risks remain subject to more stringent controls and that this, in turn, will help promote the prompt and accurate clearance and settlement of securities transactions. The Commission further believes that, by requiring triparty repos to remain collateralized for a longer period each day, the 2014 Pilot Program helps to assure the safety of the securities and funds within FICC’s control, or for which it is responsible.20 III. Conclusion On the basis of the foregoing, the Commission finds that the proposed rule change is consistent with the requirements of the Act, particularly those set forth in section 17A,21 and the rules and regulations thereunder. It is therefore ordered, pursuant to section 19(b)(2) of the Act,22 that the proposed rule change (SR–FICC–2015– 002) be, and hereby is, approved.23 For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.24 Robert W. Errett, Deputy Secretary. Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155. FOR FURTHER INFORMATION CONTACT: A. Escobar, Office of Disaster Assistance, U.S. Small Business Administration, 409 3rd Street SW., Suite 6050, Washington, DC 20416. SUPPLEMENTARY INFORMATION: The notice of the President’s major disaster declaration for Private Non-Profit organizations in the State of OKLAHOMA, dated 06/04/2015, is hereby amended to include the following areas as adversely affected by the disaster. Primary Counties: Craig, Custer, Dewey, Grant, Jefferson, Kay, Kingfisher, Kiowa, Major, Noble, Oklahoma, Ottawa, Roger Mills, Wagoner. All other information in the original declaration remains unchanged. (Catalog of Federal Domestic Assistance Numbers 59002 and 59008) James E. Rivera, Associate Administrator for Disaster Assistance. [FR Doc. 2015–15684 Filed 6–25–15; 8:45 am] BILLING CODE 8025–01–P [FR Doc. 2015–15691 Filed 6–25–15; 8:45 am] SMALL BUSINESS ADMINISTRATION BILLING CODE 8011–01–P [Docket ID No: SBA–2015–0010] SMALL BUSINESS ADMINISTRATION [Disaster Declaration #14344 and #14345] Oklahoma Disaster Number OK–00081 ACTION: This is an amendment of the Presidential declaration of a major disaster for Public Assistance Only for the State of Oklahoma (FEMA–4222– DR), dated 06/04/2015. Incident: Severe Storms, Tornadoes, Straight Line Winds, and Flooding. Incident Period: 05/05/2015 through 06/04/2015. Effective Date: 06/17/2015. Physical Loan Application Deadline Date: 08/03/2015. Economic Injury (EIDL) Loan Application Deadline Date: 03/04/2016. ADDRESSES: Submit completed loan applications to: U.S. Small Business Administration, Processing and tkelley on DSK3SPTVN1PROD with NOTICES SUMMARY: 15 U.S.C. 78q–1(b)(3)(F). U.S.C. 78q–1. 22 15 U.S.C. 78s(b)(2). 23 In approving the proposed rule change, the Commission considered the proposal’s impact on efficiency, competition, and capital formation. See 15 U.S.C. 78c(f). 24 17 CFR 200.30–3(a)(12). 21 15 VerDate Sep<11>2014 18:15 Jun 25, 2015 Jkt 235001 Small Business Administration. Notice; request for comments on Revised SBA Model Form of Agreement of Limited Partnership for an SBIC Issuing Debentures Only. AGENCY: U.S. Small Business Administration. ACTION: Amendment 4. AGENCY: 20 See Small Business Investment Company (SBIC) Program: SBA Model Form of Agreement of Limited Partnership for an SBIC Issuing Debentures The Small Business Administration (SBA) has updated the SBA Model Form of Agreement of Limited Partnership for an SBIC Issuing Debentures Only (the Model). This update reflects comments received from the public in response to SBA’s notice published in the Federal Register on April 22, 2014. SBA is preparing to issue the updated Model for use by SBIC applicants, and welcomes final comments from the public on the updated Model. DATES: Comments on the Model must be received on or before August 10, 2015. ADDRESSES: Submit your comments, identified by Docket ID No. SBA–2015– 0010, at www.regulations.gov. Comments may only be submitted at this Web address; follow the instructions on the Web site for submitting comments. All comments received will be included in the public SUMMARY: PO 00000 Frm 00125 Fmt 4703 Sfmt 4703 36881 docket without change and will be available online at www.regulations.gov. All submissions, including attachments and other supporting materials, will become part of the public record and subject to public disclosure. Sensitive information and information that you consider to be Confidential Business Information or otherwise protected should not be included. Submissions will not be edited to remove any identifying or contact information. FOR FURTHER INFORMATION CONTACT: Michael Schrader, Office of General Counsel, 409 Third Street SW., Washington, DC 20416; (202) 205–7115. SUPPLEMENTARY INFORMATION: The SBIC Program was established under the Small Business Investment Act of 1958. SBICs are privately owned and managed investment funds, licensed and regulated by SBA, that use privatelyraised capital plus funds borrowed with an SBA guarantee to make equity and debt investments in qualifying small businesses. The SBIC license application (SBA Form 2183) requires an applicant to submit, among other things, its organizational documents. The majority of applicants to the SBIC program are formed as limited partnerships, and these applicants must submit their limited partnership agreement as part of their application. The original version of the Model was developed in 2000 to assist applicants in producing a limited partnership agreement suitable for an SBIC and to facilitate this process by including provisions required by the regulations governing the SBIC Program (13 CFR part 107) and other SBA policy requirements designed to minimize the risk of loss to SBA in providing financial assistance to SBICs. The Model was updated in 2004, with additional limited updates since that time. The Model is available at https:// www.sba.gov/content/modelpartnership-agreement-0. Since the last comprehensive update to the Model, changes have occurred both in the structure and operation of limited partnerships and in the venture capital industry. As part of its process of updating the Model, SBA published a notice in the Federal Register soliciting comments and recommendations from the public on April 22, 2014, 79 FR 22568. Those comments were posted and are available at Docket ID No: SBA–2014–0004, at www.regulations.gov. SBA carefully considered the comments received and incorporated those that the Agency believed were appropriate into the Model. The updated form of the Model is available at Docket ID No. SBA–2015- E:\FR\FM\26JNN1.SGM 26JNN1 36882 Federal Register / Vol. 80, No. 123 / Friday, June 26, 2015 / Notices 0010, at www.regulations.gov. SBA is soliciting final comments and recommendations from the public on the updated form of the Model. SBA will not issue another notice seeking comments to the Model in the Federal Register, and will post the final revised version of the Model on the SBIC Web site at https://www.sba.gov/inv. Authority: 15 U.S.C. 681. [FR Doc. 2015–15685 Filed 6–25–15; 8:45 am] BILLING CODE 8025–01–P SMALL BUSINESS ADMINISTRATION [Disaster Declaration #14330 and #14331] Oklahoma Disaster Number OK–00092 U.S. Small Business Administration. ACTION: Amendment 5. AGENCY: This is an amendment of the Presidential declaration of a major disaster for the State of Oklahoma (FEMA–4222–DR), dated 05/26/2015. Incident: Severe Storms, Tornadoes, Straight Line Winds, and Flooding. Incident Period: 05/05/2015 through 06/04/2015. Effective Date: 06/17/2015. Physical Loan Application Deadline Date: 07/27/2015. EIDL Loan Application Deadline Date: 02/26/2016. ADDRESSES: Submit completed loan applications to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155. FOR FURTHER INFORMATION CONTACT: A. Escobar, Office of Disaster Assistance, U.S. Small Business Administration, 409 3rd Street SW., Suite 6050, Washington, DC 20416. SUPPLEMENTARY INFORMATION: The notice of the Presidential disaster declaration for the State of Oklahoma, dated 05/26/ 2015 is hereby amended to include the following areas as adversely affected by the disaster: Primary Counties: (Physical Damage and Economic Injury Loans): Choctaw; Cotton; Rogers; Tillman. Contiguous Counties: (Economic Injury Loans Only): Oklahoma: Craig; Jefferson; Nowata; Washington. Texas: Clay; Wichita; Wilbarger. All other information in the original declaration remains unchanged. tkelley on DSK3SPTVN1PROD with NOTICES SUMMARY: 18:15 Jun 25, 2015 SMALL BUSINESS ADMINISTRATION James E. Rivera, Associate Administrator for Disaster Assistance. Texas Disaster Number TX–00447 [FR Doc. 2015–15675 Filed 6–25–15; 8:45 am] BILLING CODE 8025–01–P Jkt 235001 [Disaster Declaration #14334 and #14335] U.S. Small Business Administration. ACTION: Amendment 2. AGENCY: This is an amendment of the Presidential declaration of a major disaster for the State of Texas (FEMA– 4223–DR), dated 05/29/2015. Incident: Severe Storms, Tornadoes, Straight-Line Winds and Flooding. Incident Period: 05/04/2015 and continuing. Effective Date: 06/16/2015. Physical Loan Application Deadline Date: 07/28/2015. EIDL Loan Application Deadline Date: 02/29/2016. ADDRESSES: Submit completed loan applications to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155. FOR FURTHER INFORMATION CONTACT: A. Escobar, Office of Disaster Assistance, U.S. Small Business Administration, 409 3rd Street SW., Suite 6050, Washington, DC 20416. SUPPLEMENTARY INFORMATION: The notice of the Presidential disaster declaration for the State of TEXAS, dated 05/29/ 2015 is hereby amended to include the following areas as adversely affected by the disaster: Primary Counties: (Physical Damage and Economic Injury Loans): Cooke; Dallas; Fannin; Grayson; Liberty; Nueces; Walker. Contiguous Counties: (Economic Injury Loans Only): Texas: Aransas; Delta; Grimes; Hardin; Houston; Jefferson; Jim Wells; Kleberg; Lamar; Madison; Polk; Rockwall; San Jacinto; San Patricio; Trinity. Oklahoma: Bryan; Marshall. All other information in the original declaration remains unchanged. SUMMARY: SMALL BUSINESS ADMINISTRATION Javier Saade, Associate Administrator for Investment and Innovation. VerDate Sep<11>2014 (Catalog of Federal Domestic Assistance Numbers 59002 and 59008) [License No. 05/05–0320] LFE Growth Fund III, LP; Notice Seeking Exemption Under Section 312 of the Small Business Investment Act, Conflicts of Interest Notice is hereby given that LFE Growth Fund III, LP, 319 Barry Avenue South, Suite 215, Wayzata, MN 55391, a Federal Licensee under the Small Business Investment Act of 1958, as amended (the ‘‘Act’’), in connection with the financing of a small concern, has sought an exemption under section 312 of the Act and section 107.730, Financings which Constitute Conflicts of Interest of the Small Business Administration (‘‘SBA’’) Rules and Regulations (13 CFR 107.730). LFE Growth Fund III, LP proposes to provide debt financing to Fitness On Request, Inc., d/b/a Wellbeats, 11600 96th Ave. North, Maple Grove, MN 55369. The proceeds will be used to fund growth of the company. The financing is brought within the purview of § 107.730(a)(1) of the Regulations because LFE Growth Fund III, LP and LFE Growth Fund II, LP are Associates and because LFE Growth Fund II, LP has a greater than ten percent interest in Wellbeats. Therefore this transaction is considered financing an Associate requiring SBA prior written exemption. Notice is hereby given that any interested person may submit written comments on the transaction, within fifteen days of the date of this publication, to the Associate Administrator for Office of Investment and Innovation, U.S. Small Business Administration, 409 Third Street SW., Washington, DC 20416. Dated: June 15, 2015. John R. Williams, Acting Associate Administrator for Office of Investment and Innovation. (Catalog of Federal Domestic Assistance Numbers 59002 and 59008) James E. Rivera, Associate Administrator for Disaster Assistance. [FR Doc. 2015–15678 Filed 6–25–15; 8:45 am] BILLING CODE 8025–01–P SUSQUEHANNA RIVER BASIN COMMISSION [FR Doc. 2015–15669 Filed 6–25–15; 8:45 am] Actions Taken at June 4, 2015, Meeting BILLING CODE 8025–01–P PO 00000 Susquehanna River Basin Commission. AGENCY: Frm 00126 Fmt 4703 Sfmt 4703 E:\FR\FM\26JNN1.SGM 26JNN1

Agencies

[Federal Register Volume 80, Number 123 (Friday, June 26, 2015)]
[Notices]
[Pages 36881-36882]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-15685]


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

SMALL BUSINESS ADMINISTRATION

[Docket ID No: SBA-2015-0010]


Small Business Investment Company (SBIC) Program: SBA Model Form 
of Agreement of Limited Partnership for an SBIC Issuing Debentures

AGENCY: Small Business Administration.

ACTION: Notice; request for comments on Revised SBA Model Form of 
Agreement of Limited Partnership for an SBIC Issuing Debentures Only.

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

SUMMARY: The Small Business Administration (SBA) has updated the SBA 
Model Form of Agreement of Limited Partnership for an SBIC Issuing 
Debentures Only (the Model). This update reflects comments received 
from the public in response to SBA's notice published in the Federal 
Register on April 22, 2014. SBA is preparing to issue the updated Model 
for use by SBIC applicants, and welcomes final comments from the public 
on the updated Model.

DATES: Comments on the Model must be received on or before August 10, 
2015.

ADDRESSES: Submit your comments, identified by Docket ID No. SBA-2015-
0010, at www.regulations.gov. Comments may only be submitted at this 
Web address; follow the instructions on the Web site for submitting 
comments. All comments received will be included in the public docket 
without change and will be available online at www.regulations.gov. All 
submissions, including attachments and other supporting materials, will 
become part of the public record and subject to public disclosure. 
Sensitive information and information that you consider to be 
Confidential Business Information or otherwise protected should not be 
included. Submissions will not be edited to remove any identifying or 
contact information.

FOR FURTHER INFORMATION CONTACT: Michael Schrader, Office of General 
Counsel, 409 Third Street SW., Washington, DC 20416; (202) 205-7115.

SUPPLEMENTARY INFORMATION: The SBIC Program was established under the 
Small Business Investment Act of 1958. SBICs are privately owned and 
managed investment funds, licensed and regulated by SBA, that use 
privately-raised capital plus funds borrowed with an SBA guarantee to 
make equity and debt investments in qualifying small businesses. The 
SBIC license application (SBA Form 2183) requires an applicant to 
submit, among other things, its organizational documents. The majority 
of applicants to the SBIC program are formed as limited partnerships, 
and these applicants must submit their limited partnership agreement as 
part of their application. The original version of the Model was 
developed in 2000 to assist applicants in producing a limited 
partnership agreement suitable for an SBIC and to facilitate this 
process by including provisions required by the regulations governing 
the SBIC Program (13 CFR part 107) and other SBA policy requirements 
designed to minimize the risk of loss to SBA in providing financial 
assistance to SBICs. The Model was updated in 2004, with additional 
limited updates since that time. The Model is available at https://www.sba.gov/content/model-partnership-agreement-0.
    Since the last comprehensive update to the Model, changes have 
occurred both in the structure and operation of limited partnerships 
and in the venture capital industry. As part of its process of updating 
the Model, SBA published a notice in the Federal Register soliciting 
comments and recommendations from the public on April 22, 2014, 79 FR 
22568. Those comments were posted and are available at Docket ID No: 
SBA-2014-0004, at www.regulations.gov. SBA carefully considered the 
comments received and incorporated those that the Agency believed were 
appropriate into the Model. The updated form of the Model is available 
at Docket ID No. SBA-2015-

[[Page 36882]]

0010, at www.regulations.gov. SBA is soliciting final comments and 
recommendations from the public on the updated form of the Model. SBA 
will not issue another notice seeking comments to the Model in the 
Federal Register, and will post the final revised version of the Model 
on the SBIC Web site at https://www.sba.gov/inv.

    Authority:  15 U.S.C. 681.

Javier Saade,
Associate Administrator for Investment and Innovation.
[FR Doc. 2015-15685 Filed 6-25-15; 8:45 am]
 BILLING CODE 8025-01-P
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