Administrative Declaration of a Disaster for the Commonwealth of Pennsylvania, 53536 [2022-18781]
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53536
Federal Register / Vol. 87, No. 168 / Wednesday, August 31, 2022 / Notices
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8. Applicant represents that the
Company’s Board, including a majority
of the disinterested directors, found that
the Company organizing, acquiring, and
wholly owning 100% of the equity
interest in the Adviser Sub subsequent
to its registration as an investment
adviser is in the best interests of the
Company and its shareholders.
Applicant agrees that the Board will
review at least annually the investment
advisory business of the Adviser Sub to
determine whether such business
should be continued and whether the
benefits derived by the Company from
the Adviser Sub’s business warrant the
continued ownership of the Adviser
Sub. Applicant states that shareholders
of the Company will be provided with
notice, in advance of, or concurrent
with, the Adviser Sub’s start of
investment advisory activities.
9. Accordingly, Applicant represents
that the requested relief is both
necessary and appropriate in the public
interest and consistent with the
protection of investors and the purposes
fairly intended by the policy and
provisions of the Act.
Applicant’s Conditions
Applicant agrees that the Order of the
Commission granting the requested
relief shall be subject to the following
conditions:
1. The determination to enter into the
advisory business through the Adviser
Sub has been made by a vote of at least
a majority of the Board who are not
‘‘interested persons’’ of the Company as
defined in section 2(a)(19).
2. The Company will wholly own and
control the Adviser Sub. The Company
will not have an investment adviser
within the meaning of section 2(a)(20).
Only persons acting in their capacities
as directors, officers or employees of the
Company will provide advisory services
to the Company.
3. In each of its annual reports to
shareholders and in future registration
statements, the Company will discuss
the existence of the Adviser Sub and the
provision by the Adviser Sub of outside
advisory services as well as include an
assessment of whatever risks, if any, are
associated with the existence of the
Adviser Sub and its provision of such
services.
4. The Adviser Sub will not make any
proprietary investment that the
Company would be prohibited from
making directly under the Company’s
investment objectives, policies and
restrictions or under any applicable law.
5. In assessing compliance with the
asset coverage requirements under
section 18 of the Act, the Company will
deem the assets, liabilities, and
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indebtedness of the Adviser Sub as its
own.
6. The Board will review at least
annually the investment advisory
business of the Adviser Sub to
determine whether such business
should be continued and whether the
benefits derived by the Company from
the Adviser Sub’s business warrant the
continued ownership of the Adviser Sub
and, if appropriate, approve (by a vote
of at least a majority of its directors who
are not ‘‘interested persons’’ as defined
in the Act) at least annually such
continuation. In determining whether
the investment advisory business of the
Adviser Sub should be continued and
whether the benefits derived by the
Company from the Adviser Sub’s
business warrant the continued
ownership of the Adviser Sub, the
Board will take into consideration,
among other things, the following: (a)
the compensation of the officers of the
Company and of the Adviser Sub; (b) all
investments by and investment
opportunities considered for the
Company that relate to any investments
by or investment opportunities
considered for a client of the Adviser
Sub; and (c) the allocation of expenses
associated with the provision of
advisory services between the Company
and the Adviser Sub.6
For the Commission, by the Division of
Investment Management, under delegated
authority.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2022–18760 Filed 8–30–22; 8:45 am]
BILLING CODE 8011–01–P
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration #17579 and #17580;
PENNSYLVANIA Disaster Number PA–
00120]
Administrative Declaration of a
Disaster for the Commonwealth of
Pennsylvania
Small Business Administration.
ACTION: Correction.
AGENCY:
This is a correction to the
Administrative declaration of a disaster
for the Commonwealth of Pennsylvania
dated 08/19/2022.
Incident: Heavy Rain and Flash
Flooding.
Incident Period: 08/05/2022.
DATES: Issued on 08/25/2022.
Physical Loan Application Deadline
Date: 10/18/2022.
Economic Injury (EIDL) Loan
Application Deadline Date: 05/19/2023.
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, (202) 205–6734.
SUPPLEMENTARY INFORMATION: The notice
of the Administrator’s disaster
declaration for the Commonwealth of
Pennsylvania, dated 08/19/2022, is
hereby corrected to include Butler
County as a contiguous county.
Applications for disaster loans may be
filed at the address listed above or other
locally announced locations.
The following areas have been
determined to be adversely affected by
the disaster:
Primary Counties: Westmoreland
Contiguous Counties:
Pennsylvania: Allegheny, Armstrong,
Butler, Cambria, Fayette, Indiana,
Somerset, Washington.
The Interest Rates are:
Percent
For Physical Damage:
Homeowners with Credit Available Elsewhere ......................
Homeowners without Credit
Available Elsewhere ..............
Businesses with Credit Available Elsewhere ......................
Businesses
without
Credit
Available Elsewhere ..............
Non-Profit Organizations with
Credit Available Elsewhere ...
Non-Profit Organizations without Credit Available Elsewhere .....................................
For Economic Injury:
Businesses & Small Agricultural
Cooperatives without Credit
Available Elsewhere ..............
Non-Profit Organizations without Credit Available Elsewhere .....................................
4.375
2.188
6.080
3.040
1.875
1.875
3.040
1.875
SUMMARY:
6 Such expenses may include: administration and
operating expenses; investment research expenses;
sales and marketing expenses; office space and
general expenses; and direct expenses, including
legal and audit fees, directors’ fees and taxes.
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The number assigned to this disaster
for physical damage is 17579 6 and for
economic injury is 17580 0.
The State which received an EIDL
Declaration # is Pennsylvania.
(Catalog of Federal Domestic Assistance
Number 59008)
Isabella Guzman,
Administrator.
[FR Doc. 2022–18781 Filed 8–30–22; 8:45 am]
BILLING CODE 8026–09–P
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[Federal Register Volume 87, Number 168 (Wednesday, August 31, 2022)]
[Notices]
[Page 53536]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-18781]
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SMALL BUSINESS ADMINISTRATION
[Disaster Declaration #17579 and #17580; PENNSYLVANIA Disaster Number
PA-00120]
Administrative Declaration of a Disaster for the Commonwealth of
Pennsylvania
AGENCY: Small Business Administration.
ACTION: Correction.
-----------------------------------------------------------------------
SUMMARY: This is a correction to the Administrative declaration of a
disaster for the Commonwealth of Pennsylvania dated 08/19/2022.
Incident: Heavy Rain and Flash Flooding.
Incident Period: 08/05/2022.
DATES: Issued on 08/25/2022.
Physical Loan Application Deadline Date: 10/18/2022.
Economic Injury (EIDL) Loan Application Deadline Date: 05/19/2023.
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, (202) 205-6734.
SUPPLEMENTARY INFORMATION: The notice of the Administrator's disaster
declaration for the Commonwealth of Pennsylvania, dated 08/19/2022, is
hereby corrected to include Butler County as a contiguous county.
Applications for disaster loans may be filed at the address listed
above or other locally announced locations.
The following areas have been determined to be adversely affected
by the disaster:
Primary Counties: Westmoreland
Contiguous Counties:
Pennsylvania: Allegheny, Armstrong, Butler, Cambria, Fayette,
Indiana, Somerset, Washington.
The Interest Rates are:
------------------------------------------------------------------------
Percent
------------------------------------------------------------------------
For Physical Damage:
Homeowners with Credit Available Elsewhere................. 4.375
Homeowners without Credit Available Elsewhere.............. 2.188
Businesses with Credit Available Elsewhere................. 6.080
Businesses without Credit Available Elsewhere.............. 3.040
Non-Profit Organizations with Credit Available Elsewhere... 1.875
Non-Profit Organizations without Credit Available Elsewhere 1.875
For Economic Injury:
Businesses & Small Agricultural Cooperatives without Credit 3.040
Available Elsewhere.......................................
Non-Profit Organizations without Credit Available Elsewhere 1.875
------------------------------------------------------------------------
The number assigned to this disaster for physical damage is 17579 6
and for economic injury is 17580 0.
The State which received an EIDL Declaration # is Pennsylvania.
(Catalog of Federal Domestic Assistance Number 59008)
Isabella Guzman,
Administrator.
[FR Doc. 2022-18781 Filed 8-30-22; 8:45 am]
BILLING CODE 8026-09-P
