[Federal Register Volume 59, Number 102 (Friday, May 27, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-12921]
[[Page Unknown]]
[Federal Register: May 27, 1994]
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SMALL BUSINESS ADMINISTRATION
[License No 06/06-0290]
Houston Partners SBIP, Ltd.
Notice is hereby given that Houston Partners SBIP, Ltd. (HPSBIP),
Capital Center Penthouse, 8th floor, 401 Louisiana, Houston, TX 77002,
a Federal licensee under the Small Business Investment Act of 1958, as
amended (the Act), has financed a small concern in violation of section
312 of the Act and Sec. 107.903 of the SBA Rules and Regulations (the
Regulations) governing Small Business Investment Companies (13 CFR
107.903 (1994). An exemption may not be granted by SBA until Notices of
this transaction have been published. HPSBIP provided financing to
MicroSpeed, Inc. (MicroSpeed), 5005 Brandin Court, Fremont CA 94538.
Moreover, an additional financing to Microspeed is under consideration.
The financing to MicroSpeed is brought within the purview of
Sec. 107.903(b)(1) of the Regulations because Houston Venture Partners,
Ltd., an Associate of HPSBIP, owns more than 10 percent of MicroSpeed,
thus by definition Sec. 107.3 of the Regulations) MicroSpeed is an
Associate of HPSBIP. The financing provided expansion capital for
MicroSpeed.
Notice is further given that any person may, not later than 15 days
from the date of the publication of the Notice, submit written comments
on the transaction to the Associate Administrator for Investment, U.S.
Small Business Administration, 409 Third Street SW., Washington, DC
20416.
A copy of this notice shall be published, in accordance with
Sec. 107.903(e) of the Regulations, in a newspaper of general
circulation in San Jose, CA.
(Catalog of Federal Domestic Assistance Program No. 59.011, Small
Business Investment Companies)
Dated: May 10, 1994.
Robert D. Stillman,
Associate Administrator for Investment.
[FR Doc. 94-12921 Filed 5-26-94; 8:45 am]
BILLING CODE 8025-01-M
