96-1817. Kline Hawkes California SBIC; Notice of Request for Exemption

[Federal Register Volume 61, Number 21 (Wednesday, January 31, 1996)]
[Notices]
[Page 3519]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-1817]



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SMALL BUSINESS ADMINISTRATION

[License No. 09/79-0403]


Kline Hawkes California SBIC; Notice of Request for Exemption

    On November 15, 1995, Kline Hawkes California SBIC (``KH''), a 
California limited partnership SBIC (License No. 09/79-0403), filed a 
request to the SBA pursuant to 13 CFR 107.903 (b)(1), and (e) and 
107.1201 of the Regulations governing small business investment 
companies for an exemption allowing KH to invest in an associate small 
concern, Elliott-Portwood Productions, Inc. (Elliott) of Petaluma, 
California. The request for the conflict of interest exemption arises 
because Mr. Jerome Engel is an officer, director, and owner of the 
corporate general partner of KH and is also a director and 3.7 percent 
shareholder of Elliott.
    KH along with another investor is proposing to make a material 
investment in Elliott, a start-up company, for its expansion; and the 
existing economic interest of Mr. Engel, along with other Elliott 
shareholders, will be increased as a result of this investment.
    The basis of the exemption is the prospect of an expansion of 
Elliott's early stage business which should result in increased 
economic activity and employment.
    Notice is hereby given that any person may, not later than 15 days 
from the date of publication of this Notice, submit written comments 
regarding this exemption to the Associate Administrator for Investment, 
Small Business Administration, 409 Third Street SW., Washington, DC 
20416.

(Catalog of Federal Domestic Assistance Program No. 59.011, Small 
Business Investment Companies)

    Dated: January 24, 1996.
Don A. Christensen,
Associate Administrator for Investment.
[FR Doc. 96-1817 Filed 1-30-96; 8:45 am]
BILLING CODE 8025-01-M