82 FR 9271 - Itawamba Mississippian Railroad, LLC-Lease and Operation Exemption-Itawamba County Railroad Authority

SURFACE TRANSPORTATION BOARD

Federal Register Volume 82, Issue 22 (February 3, 2017)

Page Range		9271-9271
FR Document		2017-02293

Federal Register, Volume 82 Issue 22 (Friday, February 3, 2017)

[Federal Register Volume 82, Number 22 (Friday, February 3, 2017)]
[Notices]
[Page 9271]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-02293]


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SURFACE TRANSPORTATION BOARD

[Docket No. FD 36094]


Itawamba Mississippian Railroad, LLC--Lease and Operation 
Exemption--Itawamba County Railroad Authority

    Itawamba Mississippian Railroad, LLC (IMR), a noncarrier, has filed 
a verified notice of exemption under 49 CFR 1150.31 to lease from the 
Itawamba County Railroad Authority (ICRA), a noncarrier and political 
subdivision of the State of Mississippi, and to operate, a 25-mile rail 
line, known as the Mississippian Railway, between milepost 0.0 in 
Amory, Miss., and milepost 25.0 in Fulton, Miss. (the Line).
    This transaction is related to a concurrently filed verified notice 
of exemption in Itawamba County Railroad Authority--Acquisition 
Exemption--Mississippian Railway, Docket No. FD 36093, in which ICRA 
seeks Board approval under 49 CFR 1150.31 to acquire the Line from the 
Itawamba County Port Commission (ICPC). IMR and ICRA have entered into 
a five-year lease agreement under which IMR will lease and operate the 
Line.
    IMR certifies that the projected annual revenues as a result of 
this transaction will not result in IMR's becoming a Class I or Class 
II rail carrier and will not exceed $5 million. IMR certifies also that 
the lease between IMA and ICRA does not involve any provision or 
agreement that would limit future interchange of traffic with a third-
party connecting carrier.
    The proposed transaction may be consummated on or after February 
18, 2017, the effective date of this exemption (30 days after the 
verified notice was filed). If the verified notice contains false or 
misleading information, the exemption is void ab initio. Petitions to 
revoke the exemption under 49 U.S.C. 10502(d) may be filed at any time. 
The filing of a petition to revoke will not automatically stay the 
effectiveness of the exemption. Petitions to stay must be filed by 
February 10, 2017 (at least seven days before the exemption becomes 
effective).
    An original and 10 copies of all pleadings, referring to Docket No. 
FD 36094, must be filed with the Surface Transportation Board, 395 E 
Street SW., Washington, DC 20423-0001. In addition, a copy of each 
pleading must be served on applicant's representative, Rodney M. Love, 
Mississippi Department of Transportation, 401 North West Street, Suite 
9500, Jackson, MS 39201.
    According to IMR, this action is categorically excluded from 
environmental reporting under 49 CFR 1105.6(c).
    Board decisions and notices are available on our Web site at 
``WWW.STB.GOV.''

    Decided: January 30, 2017.

    By the Board, Rachel D. Campbell, Director, Office of 
Proceedings.
Kenyatta Clay,
Clearance Clerk.
[FR Doc. 2017-02293 Filed 2-2-17; 8:45 am]
 BILLING CODE 4915-01-P

Federal Register / Vol. 82, No. 22 / Friday, February 3, 2017 / Notices 9271

exemption from the Disclosure SURFACE TRANSPORTATION BOARD According to IMR, this action is
Requirements to permit a Subadvised categorically excluded from
Series to disclose (as both a dollar [Docket No. FD 36094] environmental reporting under 49 CFR
amount and a percentage of the 1105.6(c).
Itawamba Mississippian Railroad, Board decisions and notices are
Subadvised Series’ net assets): (a) The
LLC—Lease and Operation available on our Web site at
aggregate fees paid to the Adviser and
Exemption—Itawamba County Railroad ‘‘WWW.STB.GOV.’’
any Affiliated Sub-Adviser; (b) the Authority
aggregate fees paid to Sub-Advisers Decided: January 30, 2017.
other than Affiliated Sub-Advisers; and Itawamba Mississippian Railroad, By the Board, Rachel D. Campbell,
(c) the fee paid to each Affiliated Sub- LLC (IMR), a noncarrier, has filed a Director, Office of Proceedings.
Adviser (collectively, Aggregate Fee verified notice of exemption under 49 Kenyatta Clay,
Disclosure’’).4 CFR 1150.31 to lease from the Itawamba Clearance Clerk.
County Railroad Authority (ICRA), a
3. Applicants agree that any order [FR Doc. 2017–02293 Filed 2–2–17; 8:45 am]
noncarrier and political subdivision of
granting the requested relief will be BILLING CODE 4915–01–P
the State of Mississippi, and to operate,
subject to the terms and conditions
a 25-mile rail line, known as the
stated in the application. Such terms
Mississippian Railway, between SURFACE TRANSPORTATION BOARD
and conditions provide for, among other milepost 0.0 in Amory, Miss., and
safeguards, appropriate disclosure to milepost 25.0 in Fulton, Miss. (the [Docket No. FD 36093]
Subadvised Series’ shareholders and Line).
notification about sub-advisory changes Itawamba County Railroad Authority—
This transaction is related to a
and enhanced Board oversight to protect Acquisition Exemption—Mississippian
concurrently filed verified notice of
the interests of the Subadvised Series’ Railway
exemption in Itawamba County
shareholders. Railroad Authority—Acquisition Itawamba County Railroad Authority
4. Section 6(c) of the Act provides that Exemption—Mississippian Railway, (ICRA), a noncarrier and political
the Commission may exempt any Docket No. FD 36093, in which ICRA subdivision of the State of Mississippi,
person, security, or transaction or any seeks Board approval under 49 CFR has filed a verified notice of exemption
class or classes of persons, securities, or 1150.31 to acquire the Line from the under 49 CFR 1150.31 to acquire from
transactions from any provisions of the Itawamba County Port Commission the Itawamba County Port Commission
Act, or any rule thereunder, if such (ICPC). IMR and ICRA have entered into (ICPC) a 25-mile rail line, known as the
relief is necessary or appropriate in the a five-year lease agreement under which Mississippian Railway, between
public interest and consistent with the IMR will lease and operate the Line. milepost 0.0 in Amory, Miss., and
protection of investors and purposes IMR certifies that the projected annual milepost 25.0 in Fulton, Miss. (the
fairly intended by the policy and revenues as a result of this transaction Line).
provisions of the Act. Applicants will not result in IMR’s becoming a This transaction is related to a
believe that the requested relief meets Class I or Class II rail carrier and will concurrently filed verified notice of
this standard because, as further not exceed $5 million. IMR certifies also exemption in Itawamba Mississippian
that the lease between IMA and ICRA Railroad, LLC—Lease and Operation
explained in the application, the
does not involve any provision or Exemption—Itawamba County Railroad
Advisory Agreements will remain
agreement that would limit future Authority, Docket No. FD 36094, in
subject to shareholder approval, while
interchange of traffic with a third-party which the Itawamba Mississippian
the role of the Sub-Advisers is
connecting carrier. Railroad, LLC (IMR) seeks Board
substantially similar to that of The proposed transaction may be approval under 49 CFR 1150.31 to lease
individual portfolio managers, so that consummated on or after February 18, from ICRA and operate the Line upon
requiring shareholder approval of Sub- 2017, the effective date of this consummation of the transactions.
Advisory Agreements would impose exemption (30 days after the verified According to ICRA, an agreement has
unnecessary delays and expenses on the notice was filed). If the verified notice been reached to transfer ownership of
Subadvised Series. Applicants believe contains false or misleading the Line and related assets from ICPC to
that the requested relief from the information, the exemption is void ab ICRA, and ICRA has reached an
Disclosure Requirements meets this initio. Petitions to revoke the exemption agreement with IMR to lease and
standard because it will improve the under 49 U.S.C. 10502(d) may be filed operate the Line.
Adviser’s ability to negotiate fees paid at any time. The filing of a petition to ICRA certifies that the projected
to the Sub-Advisers that are more revoke will not automatically stay the annual revenues as a result of this
advantageous for the Subadvised Series. effectiveness of the exemption. Petitions transaction will not result in ICRA’s
For the Commission, by the Division of to stay must be filed by February 10, becoming a Class I or Class II rail carrier
Investment Management, under delegated 2017 (at least seven days before the and will not exceed $5 million. ICRA
authority. exemption becomes effective). certifies also that the proposed
Eduardo A. Aleman, An original and 10 copies of all transaction does not involve any
pleadings, referring to Docket No. FD provision or agreement between ICRA
Assistant Secretary.
36094, must be filed with the Surface and ICPC that would limit future
asabaliauskas on DSK3SPTVN1PROD with NOTICES

[FR Doc. 2017–02264 Filed 2–2–17; 8:45 am]
Transportation Board, 395 E Street SW., interchange of traffic with a third-party
BILLING CODE 8011–01–P Washington, DC 20423–0001. In connecting carrier.
addition, a copy of each pleading must The proposed transaction may be
sub-adviser to one or more of the Subadvised Series be served on applicant’s representative, consummated on or after February 18,
(‘‘Affiliated Sub-Adviser’’). Rodney M. Love, Mississippi 2017, the effective date of this
4 For any Subadvised Series that is a Master Fund,

the relief would also permit any Feeder Fund
Department of Transportation, 401 exemption (30 days after the verified
invested in that Master Fund to disclose Aggregate North West Street, Suite 9500, Jackson, notice was filed). If the verified notice
Fee Disclosure. MS 39201. contains false or misleading

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Document Created: 2018-02-01 14:35:02
Document Modified: 2018-02-01 14:35:02

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
FR Citation		82 FR 9271