76520 Federal Register / Vol. 75, No. 235 / Wednesday, December 8, 2010 / Notices 

1On October 21, 2010, the parties filed a notice 

of exemption to continue in control of six railroads 

once they acquired certain rail assets from 

Weyerhaeuser N R Company and its railroad 

subsidiaries. See Docket No. FD 35425, Tenn. S. 

R.R.—Continuance in Control Exemption— 

Columbia & Cowlitz Ry. Notice of the exemption 

was served on November 12, 2010, and published 

in the Federal Register on November 16, 2010. 

Closing of this transaction is scheduled for 

December 21, 2010 (75 FR 70076–77). 

DEPARTMENT OF TRANSPORTATION 

Surface Transportation Board 

[Docket No. FD 35449] 

Tennessee Southern Railroad 

Company, Patriot Rail, LLC, Patriot 

Rail Holdings LLC, and Patriot Rail 

Corp.—Corporate Family Transaction 

Exemption—Sacramento Valley 

Railroad, LLC and Piedmont & 

Northern Railway, LLC 

Tennessee Southern Railroad 

Company (TSRR), Patriot Rail, LLC 

(PRL) and its subsidiaries, Patriot Rail 

Holdings LLC (PRH) and Patriot Rail 

Corp. (Patriot) (collectively parties) have 

filed a verified notice of exemption 

under 49 CFR 1180.2(d)(3) for a 

transaction within a corporate family. 

PRL proposes to restructure its 

corporate family by converting two of its 

subsidiaries from corporations into 

limited liability companies: (1) 

Sacramento Valley Railroad, Inc. 

(SAVRC) will become Sacramento 

Valley Railroad, LLC (SAVRLLC), and 

(2) Piedmont & Northern Railway, Inc. 

(PNRC) will become Piedmont & 

Northern Railway, LLC (PNRLLC). 

PRL directly controls noncarrier PRH, 

which in turn directly controls 

noncarrier Patriot. Patriot directly 

controls the following class III railroads: 

(1) TSRR; (2) Rarus Railway Company; 

(3) Utah Central Railway Company; (4) 

SAVRC; (5) Louisiana and North West 

Railroad Company LLC; (6) Temple & 

Central Texas Railway, Inc.; and (7) 

PNRC. TSRR does not control any 

railroads.1 However, after SAVRC and 

PNRC are converted to SAVRLLC and 

PNRLLC, direct control of SAVRLLC 

and PNRLLC will be transferred from 

Patriot to TSRR. PRL, PRH, and Patriot 

will indirectly control SAVRLLC and 

PNRLLC through TSRR. The proposed 

transaction will allow PRL and the 

corporate family to make use of certain 

tax benefits as a result of the 

restructuring, without affecting 

operations or service. 

The exemption will be effective on 

December 22, 2010. 

This is a transaction within a 

corporate family of the type exempted 

from prior review and approval under 

49 CFR 1180.2(d)(3). The parties state 

that the transaction will not result in 

adverse changes in service levels, 

significant operational changes, or 

changes in the competitive balance with 

carriers outside the corporate family. 

Under 49 U.S.C. 10502(g), the Board 

may not use its exemption authority to 

relieve a rail carrier of its statutory 

obligation to protect the interests of its 

employees. Section 11326(c), however, 

does not provide for labor protection for 

transactions under §§ 11324 and 11325 

that involve only Class III rail carriers. 

Accordingly, the Board may not impose 

labor protective conditions here, 

because all of the carriers involved are 

Class III rail carriers. 

If the 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 transaction. 

Petitions for stay will be due no later 

than December 15, 2010 (at least 7 days 

before the effective date of the 

exemption). 

An original and 10 copies of all 

pleadings, referring to Docket No. FD 

35449 must be filed with the Surface 

Transportation Board, 395 E Street, SW., 

Washington, DC 20423–0001. In 

addition, one copy of each pleading 

must be served on parties’ 

representative, Louis E. Gitomer, 600 

Baltimore Ave., Suite 301, Towson, MD 

21204. 

Board decisions and notices are 

available on our Web site at http:// 

www.stb.dot.gov. 

Decided: December 2, 2010. 

By the Board. 

Rachel D. Campbell, 

Director, Office of Proceedings. 

Jeffrey Herzig, 

Clearance Clerk. 

[FR Doc. 2010–30815 Filed 12–7–10; 8:45 am] 

BILLING CODE 4915–01–P 

DEPARTMENT OF THE TREASURY 

Office of Foreign Assets Control 

Designation of Three Individuals 

Pursuant to Executive Order 13224 

AGENCY: Office of Foreign Assets 

Control, Treasury. 

ACTION: Notice. 

SUMMARY: The Treasury Department’s 

Office of Foreign Assets Control 

(‘‘OFAC’’) is publishing the names of 

three newly-designated individuals 

whose property and interests in 

property are blocked pursuant to 

Executive Order 13224 of September 23, 

2001, ‘‘Blocking Property and 

Prohibiting Transactions With Persons 

Who Commit, Threaten To Commit, or 

Support Terrorism.’’ 

DATES: The designations by the Director 

of OFAC of the individuals identified in 

this notice, pursuant to Executive Order 

13224, are effective on December 2, 

2010. 

FOR FURTHER INFORMATION CONTACT: 

Assistant Director, Compliance 

Outreach & Implementation, Office of 

Foreign Assets Control, Department of 

the Treasury, Washington, DC 20220, 

tel.: 202–622–2490. 

SUPPLEMENTARY INFORMATION: 

Electronic and Facsimile Availability 

This document and additional 

information concerning OFAC are 

available from OFAC’s Web site (http:// 

www.treas.gov/ofac) or via facsimile 

through a 24-hour fax-on-demand 

service, tel.: 202–622–0077. 

Background 

On September 23, 2001, the President 

issued Executive Order 13224 (the 

‘‘Order’’) pursuant to the International 

Emergency Economic Powers Act, 50 

U.S.C. 1701–1706, and the United 

Nations Participation Act of 1945, 22 

U.S.C. 287c. In the Order, the President 

declared a national emergency to 

address grave acts of terrorism and 

threats of terrorism committed by 

foreign terrorists, including the 

September 11, 2001 terrorist attacks in 

New York, Pennsylvania, and at the 

Pentagon. The Order imposes economic 

sanctions on persons who have 

committed, pose a significant risk of 

committing, or support acts of terrorism. 

The President identified in the Annex to 

the Order, as amended by Executive 

Order 13268 of July 2, 2002, 13 

individuals and 16 entities as subject to 

the economic sanctions. The Order was 

further amended by Executive Order 

13284 of January 23, 2003, to reflect the 

creation of the Department of Homeland 

Security. 

Section 1 of the Order blocks, with 

certain exceptions, all property and 

interests in property that are in or 

hereafter come within the United States 

or the possession or control of United 

States persons, of: (1) Foreign persons 

listed in the Annex to the Order; (2) 

foreign persons determined by the 

Secretary of State, in consultation with 

the Secretary of the Treasury, the 

Secretary of the Department of 

Homeland Security and the Attorney 

General, to have committed, or to pose 

a significant risk of committing, acts of 

terrorism that threaten the security of 


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