Roanoke Southern, LLC-Acquisition and Operation Exemption-Norfolk Southern Railway Company, 81879-81880 [2015-32959]

Download as PDF Federal Register / Vol. 80, No. 251 / Thursday, December 31, 2015 / Notices By the Board, Julia M. Farr, Acting Director, Office of Proceedings. Raina S. Contee, Clearance Clerk. [FR Doc. 2015–32960 Filed 12–30–15; 8:45 am] BILLING CODE 4915–01–P DEPARTMENT OF TRANSPORTATION Surface Transportation Board Release of Waybill Data The Surface Transportation Board has received a request Neville Peterson LLP on behalf of Trinity Industries, Inc. (WB605–12—12/22/15) for permission to use certain data from the Board’s 2014 Carload Waybill Sample. A copy of this request may be obtained from the Office of Economics. The waybill sample contains confidential railroad and shipper data; therefore, if any parties object to these requests, they should file their objections with the Director of the Board’s Office of Economics within 14 calendar days of the date of this notice. The rules for release of waybill data are codified at 49 CFR 1244.9. Contact: Alexander Dusenberry, (202) 245–0319. Jeffrey Herzig, Clearance Clerk. [FR Doc. 2015–32930 Filed 12–30–15; 8:45 am] BILLING CODE 4915–01–P DEPARTMENT OF TRANSPORTATION Surface Transportation Board [Docket No. FD 35985] tkelley on DSK3SPTVN1PROD with NOTICES Fortress Investment Group LLC— Continuance in Control Exemption— Ohio River Partners LLC Fortress Investment Group LLC (Fortress) has filed a verified notice of exemption pursuant to 49 CFR 1180.2(d)(2) for the benefit of Fortress Transportation and Infrastructure Investors LLC (FTAI), which is managed by an affiliate of Fortress, to continue in control of Ohio River Partners LLC (ORP), a noncarrier, upon ORP becoming a Class III rail carrier. This transaction is related to a concurrently filed verified notice of exemption in Ohio River Partners LLC— Acquisition & Operation Exemption— Hannibal Development, LLC, Docket No. FD 35984, wherein ORP seeks Board approval under 49 CFR 1150.31 to acquire and operate a line of railroad, known as the Omal Secondary Track, that extends between milepost 60.5 at or near Powhatan Point and milepost 72.7 VerDate Sep<11>2014 16:49 Dec 30, 2015 Jkt 238001 at or near Hannibal, a distance of 12.2 miles in Monroe County, Ohio (the Line). ORP, a Delaware limited liability company, is controlled by Ohio River Partners Shareholder LLC, a Delaware limited liability company (ORPS).1 ORPS is indirectly owned and controlled by FTAI, which is managed by an affiliate of Fortress. The parties intend to consummate the proposed transaction as soon as practicable after the effective date of this notice of exemption and the concurrent notice of exemption filed in Docket No. FD 35984. Two other rail carriers subject to the Board’s jurisdiction, Florida East Coast Railway, L.L.C. (FECR) and Central Maine & Quebec Railway US Inc. (CMQR), are currently controlled by companies managed by affiliates of Fortress.2 FECR, a Class II carrier operates approximately 350 miles of rail lines in the State of Florida extending between Jacksonville and the Miami metropolitan area. CMQR, a Class III carrier, operates approximately 244 miles of rail lines in the States of Maine and Vermont. Fortress represents that: (1) The rail lines operated by FECR and CMQR do not connect with each other, nor do they connect with the Line that ORP proposes to acquire and operate in Docket No. FD 35984; (2) the transaction that is the subject of Docket No. FD 35984 is not part of a series of anticipated transactions that would connect the Line that ORP proposes to acquire with the lines of any other rail carrier owned by Fortress, any affiliate of Fortress, or any investment fund or entity managed by an affiliate of Fortress; 3 and (3) ORP, CMQR, and FECR are not Class I carriers. 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. As a condition to the use of this exemption, any employees 1 Upon consummation of the proposed transaction, ORPS will own a 75% interest in ORP. The remaining 25% interest in ORP will be held by Hannibal Development, LLC, which currently owns the rail line that is the subject of ORP’s verified notice of exemption in Docket No. FD 35984. 2 FECR is currently owned by FECR Rail Holding LLC, which is, in turn, owned by investment funds managed by an affiliate of Fortress. CMQR is a subsidiary of Rail Acquisition Holdings LLC, a Delaware limited liability company, which is, in turn, owned by FTAI. 3 Fortress’ representation concerning Docket No. FD 35984 is sufficient for purposes of the continuance in control exemption sought here through 49 CFR 1180.2(d)(2) given that the two transactions are so closely related. PO 00000 Frm 00075 Fmt 4703 Sfmt 4703 81879 adversely affected by this transaction will be protected by the conditions set forth in Wisconsin Central Ltd.— Acquisition Exemption—Lines of Union Pacific Railroad, 2 S.T.B. 218 (1997). 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 effectiveness of the exemption. Petitions for stay must be filed no later than January 8, 2016. An original and 10 copies of all pleadings, referring to Docket No. FD 35985, must be filed with the Surface Transportation Board, 395 E Street SW., Washington, DC 20423–0001. In addition, one copy of each pleading must be served on Terence M. Hynes, Sidley Austin LLP, 1501 K Street NW., Washington, DC 20005. Board decisions and notices are available on our Web site at WWW.STB.DOT.GOV. Decided: December 23, 2015. By the Board, Julia M. Farr, Acting Director, Office of Proceedings. Raina S. Contee, Clearance Clerk. [FR Doc. 2015–32961 Filed 12–30–15; 8:45 am] BILLING CODE 4915–01–P DEPARTMENT OF TRANSPORTATION Surface Transportation Board [Docket No. FD 35976] Roanoke Southern, LLC—Acquisition and Operation Exemption—Norfolk Southern Railway Company Roanoke Southern, LLC (RSRL),1 a noncarrier, has filed a verified notice of exemption under 49 CFR 1150.31 to acquire, by donation from Norfolk Southern Railway Company (NSR), and to operate an approximately 2.42-mile portion of a rail line known as the Roanoke Belt Line between milepost R– 4.5 (at a point north of Rolfe St., SW) and milepost R–6.92 (at a point east of the intersection of U.S. Business 220 and Brandon Ave., SW), all of which is located in Roanoke, Va. RSRL states that the line is being acquired to facilitate the commencement of the VMT-sponsored, intrastate excursion operations. RSRL notes that in the event that a demand for freight service was to emerge following consummation of the proposed transaction, RSRL acknowledges that it 1 RSRL is directly controlled by the Virginia Museum of Transportation, Inc. (VMT), a noncarrier. E:\FR\FM\31DEN1.SGM 31DEN1 81880 Federal Register / Vol. 80, No. 251 / Thursday, December 31, 2015 / Notices would assume the status and obligations of a common carrier to provide service upon a reasonable demand. According to RSRL, the parties are finalizing, and will shortly execute, an agreement providing for NSR’s donation of the approximately 2.42-mile line to RRSL. RSRL certifies that the proposed transaction would not involve a provision or agreement that would limit RSRL’s ability to interchange with a third-party connecting carrier. RSRL states that it will connect and interchange with NSR in the vicinity of milepost 6.92. RSRL also certifies that its projected annual revenues as a result of this transaction will not result in RSRL becoming a Class I or Class II rail carrier and states that its projected annual revenues will not exceed $5 million. The transaction is expected to be consummated on or after January 17, 2016, the effective date of the exemption (30 days after the verified notice was filed). 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. Petitions to stay must be filed no later than January 8, 2016 (at least seven days before the exemption becomes effective). An original and 10 copies of all pleadings, referring to Docket No. FD 35976, 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 Robert A. Wimbish, Fletcher & Sippel LLC, 29 South Wacker Drive, Suite 920, Chicago, IL 60606. Board decisions and notices are available on our Web site at WWW.STB.DOT.GOV. Decided: December 23, 2015. By the Board, Julia M. Farr, Acting Director, Office of Proceedings. Raina S. Contee, Clearance Clerk. [FR Doc. 2015–32959 Filed 12–30–15; 8:45 am] BILLING CODE 4915–01–P tkelley on DSK3SPTVN1PROD with NOTICES DEPARTMENT OF THE TREASURY Fiscal Service Prompt Payment Interest Rate; Contract Disputes Act Bureau of the Fiscal Service, Treasury. ACTION: Notice. AGENCY: VerDate Sep<11>2014 16:49 Dec 30, 2015 Jkt 238001 For the period beginning January 1, 2016, and ending on June 30, 2016, the prompt payment interest rate is 21⁄2 per centum per annum. DEPARTMENT OF THE TREASURY Comments or inquiries may be mailed to: E-Commerce Division, Bureau of the Fiscal Service, 401 14th Street SW., Room 306F, Washington, DC 20227. Comments or inquiries may also be emailed to PromptPayment@ fiscal.treasury.gov. AGENCY: SUMMARY: ADDRESSES: Effective January 1, 2016, to June 30, 2016. DATES: FOR FURTHER INFORMATION CONTACT: Thomas M. Burnum, E-Commerce Division, (202) 874–6430; or Thomas Kearns, Attorney-Advisor, Office of the Chief Counsel, (202) 874–7036. An agency that has acquired property or service from a business concern and has failed to pay for the complete delivery of property or service by the required payment date shall pay the business concern an interest penalty. 31 U.S.C. 3902(a). The Contract Disputes Act of 1978, Sec. 12, Public Law 95–563, 92 Stat. 2389, and the Prompt Payment Act, 31 U.S.C. 3902(a), provide for the calculation of interest due on claims at the rate established by the Secretary of the Treasury. The Secretary of the Treasury has the authority to specify the rate by which the interest shall be computed for interest payments under section 12 of the Contract Disputes Act of 1978 and under the Prompt Payment Act. Under the Prompt Payment Act, if an interest penalty is owed to a business concern, the penalty shall be paid regardless of whether the business concern requested payment of such penalty. 31 U.S.C. 3902(c)(1). Agencies must pay the interest penalty calculated with the interest rate, which is in effect at the time the agency accrues the obligation to pay a late payment interest penalty. 31 U.S.C. 3902(a). ‘‘The interest penalty shall be paid for the period beginning on the day after the required payment date and ending on the date on which payment is made.’’ 31 U.S.C. 3902(b). Therefore, notice is given that the Secretary of the Treasury has determined that the rate of interest applicable for the period beginning January 1, 2016, and ending on June 30, 2016, is 21⁄2 per centum per annum. SUPPLEMENTARY INFORMATION: David A. Lebryk, Fiscal Assistant Secretary. [FR Doc. 2015–32957 Filed 12–30–15; 8:45 am] BILLING CODE 4810–AS–P PO 00000 Frm 00076 Fmt 4703 Sfmt 4703 Submission for OMB Review; Comment Request ACTION: Department of the Treasury. Notice. The Department of the Treasury will submit the following information collection requests to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, Public Law 104–13, on or after the date of publication of this notice. DATES: Comments should be received on or before February 1, 2016 to be assured of consideration. ADDRESSES: Send comments regarding the burden estimate, or any other aspect of the information collection, including suggestions for reducing the burden, to (1) Office of Information and Regulatory Affairs, Office of Management and Budget, Attention: Desk Officer for Treasury, New Executive Office Building, Room 10235, Washington, DC 20503, or email at OIRA_Submission@ OMB.EOP.gov and (2) Treasury PRA Clearance Officer, 1750 Pennsylvania Ave. NW., Suite 8140, Washington, DC 20220, or email at PRA@treasury.gov. FOR FURTHER INFORMATION CONTACT: Copies of the submission(s) may be obtained by email at PRA@treasury.gov or the entire information collection request may be found at www.reginfo.gov. SUPPLEMENTARY INFORMATION: Internal Revenue Service (IRS) OMB Number: 1545–0771. Type of Review: Extension without change of a previously approved collection. Title: TD 8864 (Final); EE–63–88 (Final and temp regulations) Taxation of Fringe Benefits and Exclusions From Gross Income for Certain Fringe Benefits; IA–140–86 (Temporary) Fringe Benefits. Abstract: This regulation provides guidance on the tax treatment of taxable and nontaxable fringe benefits and general and specific rules for the valuation of taxable fringe benefits in accordance with Code sections 61 and 132 and provides guidance on exclusions from gross income for certain fringe benefits (IA–140–86). This regulation provides guidance relating to the requirement that any deduction or credit with respect to business travel, entertainment, and gift expenses be substantiated with adequate records in accordance with Code section 274(d). Affected Public: Private Sector: Businesses or other for-profit. E:\FR\FM\31DEN1.SGM 31DEN1

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[Federal Register Volume 80, Number 251 (Thursday, December 31, 2015)]
[Notices]
[Pages 81879-81880]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-32959]


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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[Docket No. FD 35976]


Roanoke Southern, LLC--Acquisition and Operation Exemption--
Norfolk Southern Railway Company

    Roanoke Southern, LLC (RSRL),\1\ a noncarrier, has filed a verified 
notice of exemption under 49 CFR 1150.31 to acquire, by donation from 
Norfolk Southern Railway Company (NSR), and to operate an approximately 
2.42-mile portion of a rail line known as the Roanoke Belt Line between 
milepost R-4.5 (at a point north of Rolfe St., SW) and milepost R-6.92 
(at a point east of the intersection of U.S. Business 220 and Brandon 
Ave., SW), all of which is located in Roanoke, Va.
---------------------------------------------------------------------------

    \1\ RSRL is directly controlled by the Virginia Museum of 
Transportation, Inc. (VMT), a noncarrier.
---------------------------------------------------------------------------

    RSRL states that the line is being acquired to facilitate the 
commencement of the VMT-sponsored, intrastate excursion operations. 
RSRL notes that in the event that a demand for freight service was to 
emerge following consummation of the proposed transaction, RSRL 
acknowledges that it

[[Page 81880]]

would assume the status and obligations of a common carrier to provide 
service upon a reasonable demand. According to RSRL, the parties are 
finalizing, and will shortly execute, an agreement providing for NSR's 
donation of the approximately 2.42-mile line to RRSL.
    RSRL certifies that the proposed transaction would not involve a 
provision or agreement that would limit RSRL's ability to interchange 
with a third-party connecting carrier. RSRL states that it will connect 
and interchange with NSR in the vicinity of milepost 6.92.
    RSRL also certifies that its projected annual revenues as a result 
of this transaction will not result in RSRL becoming a Class I or Class 
II rail carrier and states that its projected annual revenues will not 
exceed $5 million.
    The transaction is expected to be consummated on or after January 
17, 2016, the effective date of the exemption (30 days after the 
verified notice was filed).
    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. Petitions to stay must be filed no later than January 8, 
2016 (at least seven days before the exemption becomes effective).
    An original and 10 copies of all pleadings, referring to Docket No. 
FD 35976, 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 Robert A. Wimbish, Fletcher & Sippel LLC, 29 
South Wacker Drive, Suite 920, Chicago, IL 60606.
    Board decisions and notices are available on our Web site at 
WWW.STB.DOT.GOV.

    Decided: December 23, 2015.

    By the Board, Julia M. Farr, Acting Director, Office of 
Proceedings.
Raina S. Contee,
Clearance Clerk.
[FR Doc. 2015-32959 Filed 12-30-15; 8:45 am]
BILLING CODE 4915-01-P