Interest Rates, 80441 [2015-32464]

Download as PDF mstockstill on DSK4VPTVN1PROD with NOTICES Federal Register / Vol. 80, No. 247 / Thursday, December 24, 2015 / Notices It appears to the Commission that there is a lack of current and accurate information concerning the securities of Strike Axe, Inc. (‘‘SKAX’’) (CIK No. 1438945), a void Delaware corporation located in Lombard, Illinois with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g) because it is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10–Q for the period ended August 31, 2012. On April 28, 2015, Corporation Finance sent a delinquency letter to SKAX requesting compliance with its periodic filing requirements but SKAX did not receive the delinquency letter due to its failure to maintain a valid address on file with the Commission as required by Commission rules (Rule 301 of Regulation S–T, 17 CFR 232.301 and Section 5.4 of EDGAR Filer Manual). As of December 9, 2015, the common stock of SKAX was quoted on OTC Link, had four market makers, and was eligible for the ‘‘piggyback’’ exception of Exchange Act Rule 15c2–11(f)(3). It appears to the Commission that there is a lack of current and accurate information concerning the securities of Viper Powersports, Inc. (‘‘VPWI’’) (CIK No. 1337213), a defaulted Nevada corporation located in Auburn, Alabama with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g) because it is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10–K for the period ended December 31, 2012. On April 22, 2015, Corporation Finance sent a delinquency letter to VPWI requesting compliance with its periodic filing requirements but VPWI did not receive the delinquency letter due to its failure to maintain a valid address on file with the Commission as required by Commission rules (Rule 301 of Regulation S–T, 17 CFR 232.301 and Section 5.4 of EDGAR Filer Manual). As of December 9, 2015, the common stock of VPWI was quoted on OTC Link, had eight market makers, and was eligible for the ‘‘piggyback’’ exception of Exchange Act Rule 15c2–11(f)(3). The Commission is of the opinion that the public interest and the protection of investors require a suspension of trading in the securities of the above-listed companies. Therefore, it is ordered, pursuant to Section 12(k) of the Securities Exchange Act of 1934, that trading in the securities of the abovelisted companies is suspended for the period from 9:30 a.m. EST on December 22, 2015, through 11:59 p.m. EST on January 6, 2016. VerDate Sep<11>2014 17:57 Dec 23, 2015 Jkt 238001 By the Commission. Jill M. Peterson, Assistant Secretary. 80441 SMALL BUSINESS ADMINISTRATION [FR Doc. 2015–32575 Filed 12–22–15; 4:15 pm] Reporting and Recordkeeping Requirements Under OMB Review BILLING CODE P AGENCY: ACTION: SMALL BUSINESS ADMINISTRATION Notice of Surrender of License of Small Business Investment Company Pursuant to the authority granted to the United States Small Business Administration (‘‘SBA’’) under Section 309 of the Small Business Investment Act of 1958, as amended, and Section 107.1900 of the Small Business Administration Rules and Regulations, SBA by this notice declares null and void the license to function as a small business investment company under the Small Business Investment Company License No. 08/08–0150 issued to North Dakota SBIC, L.P. United States Small Business Administration. Dated: December 17, 2015. Mark Walsh, Associate Administrator, Office of Investment and Innovation. [FR Doc. 2015–32465 Filed 12–23–15; 8:45 am] BILLING CODE 8025–01–P SMALL BUSINESS ADMINISTRATION Interest Rates The Small Business Administration publishes an interest rate called the optional ‘‘peg’’ rate (13 CFR 120.214) on a quarterly basis. This rate is a weighted average cost of money to the government for maturities similar to the average SBA direct loan. This rate may be used as a base rate for guaranteed fluctuating interest rate SBA loans. This rate will be 2.38 percent for the January–March quarter of FY 2016. Pursuant to 13 CFR 120.921(b), the maximum legal interest rate for any third party lender’s commercial loan which funds any portion of the cost of a 504 project (see 13 CFR 120.801) shall be 6% over the New York Prime rate or, if that exceeds the maximum interest rate permitted by the constitution or laws of a given State, the maximum interest rate will be the rate permitted by the constitution or laws of the given State. Linda T. Reilly, Acting Director, Office of Financial Assistance. Small Business Administration. 30-Day Notice. The Small Business Administration (SBA) is publishing this notice to comply with requirements of the Paperwork Reduction Act (PRA) (44 U.S.C. Chapter 35), which requires agencies to submit proposed reporting and recordkeeping requirements to OMB for review and approval, and to publish a notice in the Federal Register notifying the public that the agency has made such a submission. This notice also allows an additional 30 days for public comments. DATES: Submit comments on or before January 25, 2016. ADDRESSES: Comments should refer to the information collection by name and/ or OMB Control Number and should be sent to: Agency Clearance Officer, Curtis Rich, Small Business Administration, 409 3rd Street SW., 5th Floor, Washington, DC 20416; and SBA Desk Officer, Office of Information and Regulatory Affairs, Office of Management and Budget, New Executive Office Building, Washington, DC 20503. FOR FURTHER INFORMATION CONTACT: Curtis Rich, Agency Clearance Officer, (202) 205–7030 curtis.rich@sba.gov. Copies: A copy of the Form OMB 83– 1, supporting statement, and other documents submitted to OMB for review may be obtained from the Agency Clearance Officer. SUPPLEMENTARY INFORMATION: Prior to Small Business Administration (SBA) approval of subsequent loan disbursement, disaster loan borrowers are required to submit information to demonstrate that they used loan proceeds for authorized purposes only and to make certain certification regarding current financial condition and previously reported compensation paid in connection with the loan. Title: Borrower’s Progress Certification. Description of Respondents: Disaster loan Borrowers. Form Number: 1366. Estimated Annual Responses: 13,850. Estimated Annual Hour Burden: 6,925. SUMMARY: Curtis B. Rich, Management Analyst. [FR Doc. 2015–32464 Filed 12–23–15; 8:45 am] [FR Doc. 2015–32466 Filed 12–23–15; 8:45 am] BILLING CODE 8025–01–P BILLING CODE 8025–01–P PO 00000 Frm 00130 Fmt 4703 Sfmt 9990 E:\FR\FM\24DEN1.SGM 24DEN1

Agencies

[Federal Register Volume 80, Number 247 (Thursday, December 24, 2015)]
[Notices]
[Page 80441]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-32464]


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SMALL BUSINESS ADMINISTRATION


Interest Rates

    The Small Business Administration publishes an interest rate called 
the optional ``peg'' rate (13 CFR 120.214) on a quarterly basis. This 
rate is a weighted average cost of money to the government for 
maturities similar to the average SBA direct loan. This rate may be 
used as a base rate for guaranteed fluctuating interest rate SBA loans. 
This rate will be 2.38 percent for the January-March quarter of FY 
2016.
    Pursuant to 13 CFR 120.921(b), the maximum legal interest rate for 
any third party lender's commercial loan which funds any portion of the 
cost of a 504 project (see 13 CFR 120.801) shall be 6% over the New 
York Prime rate or, if that exceeds the maximum interest rate permitted 
by the constitution or laws of a given State, the maximum interest rate 
will be the rate permitted by the constitution or laws of the given 
State.

Linda T. Reilly,
Acting Director, Office of Financial Assistance.
[FR Doc. 2015-32464 Filed 12-23-15; 8:45 am]
 BILLING CODE 8025-01-P
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