Escalate Capital Partners SBIC III, L.P.; Notice Seeking Exemption Under Section 312 of the Small Business Investment Act, Conflicts of Interest, 4081 [2016-01412]

Download as PDF Federal Register / Vol. 81, No. 15 / Monday, January 25, 2016 / Notices By the Commission. Jill M. Peterson, Assistant Secretary. DEPARTMENT OF STATE [FR Doc. 2016–01431 Filed 1–21–16; 11:15 am] Re-Consideration Concerning the Scope of Authorizations in a Presidential Permit Issued to Plains LPG Services, L.P. in May 2014 for Existing Pipeline Facilities on the Border of the United States and Canada Under the St. Clair River [Public Notice: 9422] BILLING CODE 8011–01–P SMALL BUSINESS ADMINISTRATION Escalate Capital Partners SBIC III, L.P.; Notice Seeking Exemption Under Section 312 of the Small Business Investment Act, Conflicts of Interest asabaliauskas on DSK5VPTVN1PROD with NOTICES Notice is hereby given that Escalate Capital Partners SBIC III, L.P., 300 W. 6th Street, Suite 2230, Austin, TX 78701, 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 part 107). Escalate Capital Partners SBIC III, L.P. proposes to provide debt financing to Everspring, Inc., 1007 Church Street, Suite 420, Evanston, IL 60201. UTIMCO, an Associate of Escalate Capital Partners SBIC III, L.P., holds an indirect ownership interest in Everspring, Inc. of greater than 10 percent. Therefore, Everspring, Inc. is an Associate of Escalate Capital Partners SBIC III, L.P. The financing is brought within the purview of § 107.730(a) of the Regulations because Everspring, Inc. is an Associate of Escalate Capital Partners SBIC III, L.P. Therefore this transaction requires a prior SBA 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 Investment and Innovation, U.S. Small Business Administration, 409 Third Street SW., Washington, DC 20416. Mark L. Walsh, Associate Administrator, Office of Investment and Innovation. [FR Doc. 2016–01412 Filed 1–22–16; 8:45 am] BILLING CODE P VerDate Sep<11>2014 13:09 Jan 22, 2016 Department of State. Notice. AGENCY: [License No. 06/06–0347] Jkt 238001 ACTION: On May 23, 2014, the Department of State (Department) issued two Presidential Permits to Plains LPG Services, L.P. (Plains LPG) based on Plains LPG’s acquisition of six existing pipelines under the St. Clair River and one existing pipeline under the Detroit River. Plains LPG had applied for new permits reflecting its ownership of the pipeline facilities, but it did not seek any change or expansion of the previous authorizations for the pipelines’ use. The Presidential Permits issued in 2014 were intended to mirror previous authorizations from the 1970s, but the Department’s records were incomplete, particularly with regard to the six pipelines under the St. Clair River in the vicinity of Marysville, Michigan. While Plains LPG’s application asserted that the appropriate authorization was for the transport of any ‘‘liquefied hydrocarbons,’’ the Department issued one permit in 2014 for all of the St. Clair facilities authorizing the transport of ‘‘light liquid hydrocarbons,’’ which reflected the Department’s understanding of how the St. Clair pipelines were actually used in the 1970s and more recently. After the new permits were issued, Plains LPG provided new information that alters the Department’s understanding of the historic authorization for two of the six St. Clair pipelines. These two pipelines were constructed in 1918; they have an outer diameter of eight inches and have subsequently been fitted with five-inch diameter liners. Specifically, Plains LPG provided the Department with copies of correspondence from 1971 between the Department and Dome Petroleum Corp. (the previous owner). In that correspondence Dome informed the Department that it had acquired the two St. Clair pipelines and that it planned to use them to transport ‘‘crude and other liquid hydrocarbons.’’ The Department wrote back to Dome acknowledging the letter and the company’s plans. The 1918 Presidential Permit had authorized the transport of crude oil. In light of this additional information, the Department is revisiting Plains SUMMARY: PO 00000 Frm 00066 Fmt 4703 Sfmt 4703 4081 LPG’s 2012 application and considering whether to issue a new permit for these two St. Clair pipelines that would authorize the transport of crude and other liquid hydrocarbons, superseding the authorization in the 2014 Presidential Permit for the transport of only light liquid hydrocarbons. The Department published in the Federal Register a Notification of Receipt of Application for a Presidential Permit on December 5, 2012 (Federal Register Citation 77 FR 72430) and solicited public comment on the application for a 30-day period, during which time it received one public comment requesting the Department ensure the pipelines are maintained and operated under government environmental and safety oversight required by law. The Department notes that it is not reconsidering the scope of authorization for use of the other four Plains LPG pipelines under the St. Clair River, or the Plains LPG facilities under the Detroit River. Plains LPG is a Texas limited partnership with its principal place of business at 333 Clay Street, Suite 1600, Houston, Texas 77002. Plains LPG is a subsidiary of Plains All American Pipeline, L.P., a publicly traded master limited partnership organized under the laws of the State of Delaware and headquartered in Houston, Texas. The Department’s consideration of the Presidential Permit for the St. Clair pipeline facilities is pursuant to E.O. 13337, which delegates to the Secretary of State the President’s authority to receive applications for permits for the construction, connection, operation, or maintenance of a range of facilities at the borders of the United States, including pipelines for liquid petroleum products, and to issue or deny such Presidential Permits upon a national interest determination. The Department also is soliciting the views of concerned federal agencies. Consistent with E.O. 13337, the Department will determine whether issuance of a new Presidential Permit for two of the St. Clair Pipeline border facilities, as discussed in this notice, would serve the U.S. national interest. Interested parties are invited to submit comments within 30 days of the publication date of this notice on https:// www.regulations.gov with regard to whether issuing a new Presidential Permit for two of the St. Clair pipelines authorizing the transport of crude and other liquid hydrocarbons would serve the national interest. To submit a comment, go to https:// www.regulations.gov, enter the title of DATES: E:\FR\FM\25JAN1.SGM 25JAN1

Agencies

[Federal Register Volume 81, Number 15 (Monday, January 25, 2016)]
[Notices]
[Page 4081]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-01412]


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SMALL BUSINESS ADMINISTRATION

[License No. 06/06-0347]


Escalate Capital Partners SBIC III, L.P.; Notice Seeking 
Exemption Under Section 312 of the Small Business Investment Act, 
Conflicts of Interest

    Notice is hereby given that Escalate Capital Partners SBIC III, 
L.P., 300 W. 6th Street, Suite 2230, Austin, TX 78701, 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 part 107). 
Escalate Capital Partners SBIC III, L.P. proposes to provide debt 
financing to Everspring, Inc., 1007 Church Street, Suite 420, Evanston, 
IL 60201. UTIMCO, an Associate of Escalate Capital Partners SBIC III, 
L.P., holds an indirect ownership interest in Everspring, Inc. of 
greater than 10 percent. Therefore, Everspring, Inc. is an Associate of 
Escalate Capital Partners SBIC III, L.P.
    The financing is brought within the purview of Sec.  107.730(a) of 
the Regulations because Everspring, Inc. is an Associate of Escalate 
Capital Partners SBIC III, L.P. Therefore this transaction requires a 
prior SBA 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 Investment and 
Innovation, U.S. Small Business Administration, 409 Third Street SW., 
Washington, DC 20416.


Mark L. Walsh,
Associate Administrator, Office of Investment and Innovation.
[FR Doc. 2016-01412 Filed 1-22-16; 8:45 am]
BILLING CODE P
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