96-17981. Gateway Partners, L.P.; Notice of Request for Exemption

[Federal Register Volume 61, Number 137 (Tuesday, July 16, 1996)]
[Notices]
[Page 37104]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-17981]


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SMALL BUSINESS ADMINISTRATION

[License No. 07/77-0097]


Gateway Partners, L.P.; Notice of Request for Exemption

    On June 11, 1996, Gateway Partners, L.P. (``Gateway''), a limited 
partnership SBIC located in St. Louis, Missouri, filed a request for an 
exemption to Section 107.730(d) of the Regulations governing small 
business investment companies (13 CFR (1996)) to allow Gateway to 
invest in TALX Corporation (TALX) of St. Louis, Missouri. The request 
for a conflict of interest exemption arises because: (1) Gateway and 
Gateway Venture Associates II (Gateway II) have common Managing General 
Partners, and (2) Gateway II owns an 18% equity interest in TALX, a 
small concern Gateway wishes to finance. Mr. Richard Ford, one of the 
managing general partners, is also a director of TALX.
    TALX is currently in need of additional working capital, and 
Gateway proposes to participate in a $4 million financing negotiated by 
an unaffiliated lead investor.
    Notice is hereby given that any person may, not later than 15 days 
from the date of publication of this Notice, submit written comments on 
this exemption request to the Associate Administrator for Investment, 
Small Business Administration, 409 Third Street SW, Washington D.C. 
20416.
    A copy of this Notice will be published in a newspaper of general 
circulation in St. Louis, Missouri.

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

    Dated: July 9, 1996
Don A. Christensen,
Associate Administrator for Investment.
[FR Doc. 96-17981 Filed 7-15-96; 8:45 am]
BILLING CODE 8025-01-P