[Federal Register Volume 62, Number 92 (Tuesday, May 13, 1997)]
[Notices]
[Page 26344]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-12483]
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SMALL BUSINESS ADMINISTRATION
Blue Ridge Investors Limited Partnership (License No. 04/74-
0262); Notice of Filing of an Application for Approval of a Conflict of
Interest Transaction
Notice is hereby given that Blue Ridge Investors Limited
Partnership (Blue Ridge), P.O. Box 21962, Greensboro, North Carolina
27420 a Federal licensee under the Small Business Investment Act of
1958, as amended (the Act), has filed an application with the Small
Business Administration (SBA) pursuant to Section 312 of the Act and
covered by Section 107.730 of the SBA Rules and Regulations (the
Regulations) governing the Small Business Investment Companies (13 CFR
107.730 (1996)) for approval of a conflict of interest transaction
falling within the scope of the above Sections of the Act and the
Regulations.
Subject to such approval, Blue Ridge proposes to provide funds to
Geneva Associates, L.L.C., (Geneva), First Union Tower, 300 North
Greene Street, Greensboro, North Carolina 27401, for the purchase of
preferred stock in Varel Manufacturing Corporation (Varel) of Dallas,
Texas. Blue Ridge had intended to co-invest with Geneva in Varel
simultaneously, but could not pending the resolution of a foreign
investment issue pertaining to Varel. The resolution was in favor of
Blue Ridge but subsequent to the closing date of Geneva's financing to
Varel.
The proposed financing is brought within the purview of Section
107.730(a)(1) of the Regulations because certain principals of Geneva
are principals in Blue Ridge. Geneva is considered to be an Associate
of Blue Ridge as defined by Section 107.50 of the Regulations.
Notice is further given that any person may, not later than 10 days
from the date of the publication of the Notice, submit written comments
on the proposed transaction to the Associate Administrator for
Investment, Small Business Administration, 409 Third Street, S.W.,
Suite 6300, Washington, D.C. 20416.
A copy of this Notice shall be published, in accordance with
Section 107.730(g) of the Regulations, in a newspaper of general
circulation in Dallas, Texas.
(Catalog of Federal Domestic Assistance Program No.59.11, Small
Business Investment Companies)
Dated: May 7, 1997.
Don A. Christensen,
Associate Administrator for Investment.
[FR Doc. 97-12483 Filed 5-12-97; 8:45 am]
BILLING CODE 8025-01-P
