Argosy Investment Partners V, L.P.; Notice Seeking Exemption Under the Small Business Investment Act, Conflicts of Interest, 36659 [2018-16205]

Download as PDF daltland on DSKBBV9HB2PROD with NOTICES Federal Register / Vol. 83, No. 146 / Monday, July 30, 2018 / Notices premium or premiums for sureties as it deems reasonable and necessary,’’ and to administer the SBG Program ‘‘on a prudent and economically justifiable basis,’’ 15 U.S.C. 694b(h), SBA assesses a guarantee fee against both the small business concern (the Principal) and the Surety and deposits these fees into a revolving fund to cover the program’s liabilities and certain program expenses. SBA last changed the fees over 12 years ago when the fee charged to the Sureties was increased from 20% to 26% of the bond premium and the fee charged to Principals increased from $6.00 per thousand dollars of the contract amount to $7.29 per thousand dollars of the contract amount. Those fees have been in effect since April 3, 2006. At that time, SBA determined that the program’s revolving fund was insufficient to cover projected, unfunded liabilities. See 71 FR 9632 (February 24, 2006). SBA increased the guarantee fees to address the projected deficiency. Over the past 12 years, with the increased fee amounts, the revolving fund has accumulated sufficient funds to support the program. SBA’s rules provide that the amount of the fees to be paid by the Surety and the Principal ‘‘will be determined by SBA and published in Notices in the Federal Register from time to time.’’ See 13 CFR 115.32(b) and (c) and 115.66. The purpose of this document is to announce that, for the one year period beginning October 1, 2018, the Surety fee will decrease from 26% of the bond premium to 20% of the bond premium and the Principal fee will decrease from $7.29 per thousand dollars of the contract amount to $6 per thousand dollars of the contract amount. As indicated above, the decreases in the fees are temporary and will be in effect for guaranteed bonds approved during the one year period beginning October 1, 2018, and ending September 30, 2019. During the year, SBA will evaluate whether the lower fees will result in an increase in the bond activity level of the SBG Program and, if so, whether any such increased level of activity will generate sufficient revenues to offset the reduced fee amounts. After carefully reviewing program performance during the year, SBA will determine whether the guarantee fees should remain at these new amounts or if they should revert to the higher amounts or otherwise be changed. SBA invites public comments on the above stated fee decreases. Please clearly identify paper and electronic comments as ‘‘Public Comments on Fee Decreases under the SBG Program Docket No. SBA–2018–0007’’ and submit them by one of the methods VerDate Sep<11>2014 20:33 Jul 27, 2018 Jkt 244001 identified in the ADDRESSES section of this document. SBA will consider the comments and determine whether any revisions are necessary. Authority: 13 CFR 115.32(b) and (c) and 115.66. 36659 Administration, 409 Third Street SW, Washington, DC 20416. A. Joseph Shepard, Associate Administrator for Office of Investment and Innovation. [FR Doc. 2018–16205 Filed 7–27–18; 8:45 am] Dated: July 23, 2018. William Manger, Associate Administrator, Office of Capital Access. BILLING CODE P [FR Doc. 2018–16202 Filed 7–27–18; 8:45 am] [Public Notice: 10479] BILLING CODE 8025–01–P SMALL BUSINESS ADMINISTRATION [License No. 03/03–0263] Notice is hereby given that Argosy Investment Partners V, L.P., 950 West Valley Road, Suite 2900, Wayne, PA 19087, 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). Argosy Investment Partners V, L.P. is seeking post-financing approval from SBA for loan and equity financings it made to POSC Holdings LLC, formerly known as Panhandle Oilfield Service Companies, Inc., 14000 Quail Springs Parkway, Suite 300, Oklahoma City, OK 73134. The financing is brought within the purview of § 107.730(a)(1) of the Regulations because Argosy Investment Partners IV, L.P., an Associate of Argosy Investment Partners V, L.P., owns more than ten percent of POSC Holdings LLC, and therefore this transaction is considered Financing an Associate requiring prior SBA approval. Argosy Investment Partners V, L.P. has already made its investments in POSC Holdings LLC and is seeking post-financing SBA approval. Notice is hereby given that any interested person may submit written comments on this transaction within fifteen days of the date of this publication to the Associate Administrator, Office of Investment and Innovation, U.S. Small Business Frm 00147 Fmt 4703 Sfmt 4703 Notice of Availability of the Draft Environmental Assessment for the Proposed Keystone XL Pipeline Mainline Alternative Route in Nebraska Notice of availability; solicitation of comments. ACTION: Argosy Investment Partners V, L.P.; Notice Seeking Exemption Under the Small Business Investment Act, Conflicts of Interest PO 00000 DEPARTMENT OF STATE The U.S. Department of State (Department) announces the availability of the Draft Environmental Assessment (Draft EA) for the Proposed Keystone XL Pipeline Mainline Alternative Route in Nebraska for public review and comment. The Draft EA evaluates the potential environmental impacts of the proposed Keystone XL Mainline Alternative Route —consistent with the National Environmental Policy Act of 1969— in support of the Bureau of Land Management’s (BLM) review of TransCanada Keystone Pipeline, L.P.’s (TransCanada) application for a right-ofway. DATES: The public comment period ends on August 29, 2018. ADDRESSES: Comments may be submitted at https:// www.regulations.gov by entering the title of this Notice or Docket Number: DOS–2018–0031 into the search field, and then following the prompts. FOR FURTHER INFORMATION CONTACT: The Draft EA, along with detailed records on the proposed project and general information about the Presidential permit process, are available at: https:// keystonepipeline-xl.state.gov. Marko Velikonja, Office of Environmental Quality and Transboundary Issues, (202) 647–4828, VelikonjaMG@state.gov. SUPPLEMENTARY INFORMATION: On January 26, 2017, TransCanada resubmitted its Presidential permit application for the proposed Keystone XL pipeline. On March 23, 2017, the Under Secretary of State for Political Affairs determined that issuance of a Presidential permit to TransCanada to construct, connect, operate, and maintain at the border of the United States pipeline facilities to transport crude oil from Canada to the United States would serve the national interest. SUMMARY: E:\FR\FM\30JYN1.SGM 30JYN1

Agencies

[Federal Register Volume 83, Number 146 (Monday, July 30, 2018)]
[Notices]
[Page 36659]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-16205]


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SMALL BUSINESS ADMINISTRATION

[License No. 03/03-0263]


Argosy Investment Partners V, L.P.; Notice Seeking Exemption 
Under the Small Business Investment Act, Conflicts of Interest

    Notice is hereby given that Argosy Investment Partners V, L.P., 950 
West Valley Road, Suite 2900, Wayne, PA 19087, 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). Argosy 
Investment Partners V, L.P. is seeking post-financing approval from SBA 
for loan and equity financings it made to POSC Holdings LLC, formerly 
known as Panhandle Oilfield Service Companies, Inc., 14000 Quail 
Springs Parkway, Suite 300, Oklahoma City, OK 73134.
    The financing is brought within the purview of Sec.  107.730(a)(1) 
of the Regulations because Argosy Investment Partners IV, L.P., an 
Associate of Argosy Investment Partners V, L.P., owns more than ten 
percent of POSC Holdings LLC, and therefore this transaction is 
considered Financing an Associate requiring prior SBA approval. Argosy 
Investment Partners V, L.P. has already made its investments in POSC 
Holdings LLC and is seeking post-financing SBA approval.
    Notice is hereby given that any interested person may submit 
written comments on this transaction within fifteen days of the date of 
this publication to the Associate Administrator, Office of Investment 
and Innovation, U.S. Small Business Administration, 409 Third Street 
SW, Washington, DC 20416.

A. Joseph Shepard,
Associate Administrator for Office of Investment and Innovation.
[FR Doc. 2018-16205 Filed 7-27-18; 8:45 am]
 BILLING CODE P
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