18922 Federal Register / Vol. 80, No. 67 / Wednesday, April 8, 2015 / Notices 

Investing Trust, or an affiliated person 

of the Fund of Funds Adviser, or trustee 

or Sponsor of the Investing Trust, other 

than any advisory fees paid to the Fund 

of Funds Adviser, trustee or Sponsor of 

an Investing Trust, or its affiliated 

person by the Fund, or its respective 

Master Fund, in connection with the 

investment by the Fund of Funds in the 

Fund. Any Fund of Funds Sub-Adviser 

will waive fees otherwise payable to the 

Fund of Funds Sub-Adviser, directly or 

indirectly, by the Investing Management 

Company in an amount at least equal to 

any compensation received from a 

Fund, or its respective Master Fund, by 

the Fund of Funds Sub-Adviser, or an 

affiliated person of the Fund of Funds 

Sub-Adviser, other than any advisory 

fees paid to the Fund of Funds SubAdviser or its affiliated person by the 

Fund, or its respective Master Fund, in 

connection with the investment by the 

Investing Management Company in the 

Fund made at the direction of the Fund 

of Funds Sub-Adviser. In the event that 

the Fund of Funds Sub-Adviser waives 

fees, the benefit of the waiver will be 

passed through to the Investing 

Management Company. 

6. No Fund of Funds or Fund of 

Funds Affiliate (except to the extent it 

is acting in its capacity as an investment 

adviser to a Fund) will cause a Fund, or 

its respective Master Fund, to purchase 

a security in any Affiliated 

Underwriting. 

7. The Board of a Fund, or its 

respective Master Fund, including a 

majority of the non-interested Board 

members, will adopt procedures 

reasonably designed to monitor any 

purchases of securities by the Fund, or 

its respective Master Fund, in an 

Affiliated Underwriting, once an 

investment by a Fund of Funds in the 

securities of the Fund exceeds the limit 

of section 12(d)(1)(A)(i) of the Act, 

including any purchases made directly 

from an Underwriting Affiliate. The 

Board will review these purchases 

periodically, but no less frequently than 

annually, to determine whether the 

purchases were influenced by the 

investment by the Fund of Funds in the 

Fund. The Board will consider, among 

other things: (i) Whether the purchases 

were consistent with the investment 

objectives and policies of the Fund, or 

its respective Master Fund; (ii) how the 

performance of securities purchased in 

an Affiliated Underwriting compares to 

the performance of comparable 

securities purchased during a 

comparable period of time in 

underwritings other than Affiliated 

Underwritings or to a benchmark such 

as a comparable market index; and (iii) 

whether the amount of securities 

purchased by the Fund, or its respective 

Master Fund, in Affiliated 

Underwritings and the amount 

purchased directly from an 

Underwriting Affiliate have changed 

significantly from prior years. The 

Board will take any appropriate actions 

based on its review, including, if 

appropriate, the institution of 

procedures designed to ensure that 

purchases of securities in Affiliated 

Underwritings are in the best interest of 

shareholders of the Fund. 

8. Each Fund, or its respective Master 

Fund, will maintain and preserve 

permanently in an easily accessible 

place a written copy of the procedures 

described in the preceding condition, 

and any modifications to such 

procedures, and will maintain and 

preserve for a period of not less than six 

years from the end of the fiscal year in 

which any purchase in an Affiliated 

Underwriting occurred, the first two 

years in an easily accessible place, a 

written record of each purchase of 

securities in Affiliated Underwritings 

once an investment by a Fund of Funds 

in the securities of the Fund exceeds the 

limit of section 12(d)(1)(A)(i) of the Act, 

setting forth from whom the securities 

were acquired, the identity of the 

underwriting syndicate’s members, the 

terms of the purchase, and the 

information or materials upon which 

the Board’s determinations were made. 

9. Before investing in a Fund in 

excess of the limit in section 

12(d)(1)(A), a Fund of Funds and the 

Trust will execute a FOF Participation 

Agreement stating without limitation 

that their respective boards of directors 

or trustees and their investment 

advisers, or trustee and Sponsor, as 

applicable, understand the terms and 

conditions of the order, and agree to 

fulfill their responsibilities under the 

order. At the time of its investment in 

Shares of a Fund in excess of the limit 

in section 12(d)(1)(A)(i), a Fund of 

Funds will notify the Fund of the 

investment. At such time, the Fund of 

Funds will also transmit to the Fund a 

list of the names of each Fund of Funds 

Affiliate and Underwriting Affiliate. The 

Fund of Funds will notify the Fund of 

any changes to the list of the names as 

soon as reasonably practicable after a 

change occurs. The Fund and the Fund 

of Funds will maintain and preserve a 

copy of the order, the FOF Participation 

Agreement, and the list with any 

updated information for the duration of 

the investment and for a period of not 

less than six years thereafter, the first 

two years in an easily accessible place. 

10. Before approving any advisory 

contract under section 15 of the Act, the 

board of directors or trustees of each 

Investing Management Company 

including a majority of the disinterested 

directors or trustees, will find that the 

advisory fees charged under such 

contract are based on services provided 

that will be in addition to, rather than 

duplicative of, the services provided 

under the advisory contract(s) of any 

Fund, or its respective Master Fund, in 

which the Investing Management 

Company may invest. These findings 

and their basis will be fully recorded in 

the minute books of the appropriate 

Investing Management Company. 

11. Any sales charges and/or service 

fees charged with respect to shares of a 

Fund of Funds will not exceed the 

limits applicable to a fund of funds as 

set forth in NASD Conduct Rule 2830. 

12. No Fund, or its respective Master 

Fund, will acquire securities of an 

investment company or company 

relying on section 3(c)(1) or 3(c)(7) of 

the Act in excess of the limits contained 

in section 12(d)(1)(A) of the Act, except 

to the extent (i) the Fund, or its 

respective Master Fund, acquires 

securities of another investment 

company pursuant to exemptive relief 

from the Commission permitting the 

Fund, or its respective Master Fund, to 

acquire securities of one or more 

investment companies for short-term 

cash management purposes or (ii) the 

Fund acquires securities of the Master 

Fund pursuant to the Master–Feeder 

Relief. 

For the Commission, by the Division of 

Investment Management, under delegated 

authority. 

Brent J. Fields, 

Secretary. 

[FR Doc. 2015–07971 Filed 4–7–15; 8:45 am] 

BILLING CODE 8011–01–P 

SMALL BUSINESS ADMINISTRATION 

Interest Rates 

The Small Business Administration 

publishes an interest rate called the 

optional ‘‘peg’’ rate (13 CFR 120.214) on 

a quarterly basis. This rate is a weighted 

average cost of money to the 

government for maturities similar to the 

average SBA direct loan. This rate may 

be used as a base rate for guaranteed 

fluctuating interest rate SBA loans. This 

rate will be 2.125 (21⁄4) percent for the 

April–June quarter of FY 2015. 

Pursuant to 13 CFR 120.921(b), the 

maximum legal interest rate for any 

third party lender’s commercial loan 

which funds any portion of the cost of 

a 504 project (see 13 CFR 120.801) shall 

be 6% over the New York Prime rate or, 

if that exceeds the maximum interest 

rate permitted by the constitution or 


asabaliauskas on DSK5VPTVN1PROD with NOTICES
Federal Register / Vol. 80, No. 67 / Wednesday, April 8, 2015 / Notices 18923 

laws of a given State, the maximum 

interest rate will be the rate permitted 

by the constitution or laws of the given 

State. 

Linda S. Rusche, 

Director, Office of Financial Assistance. 

[FR Doc. 2015–08039 Filed 4–7–15; 8:45 am] 

BILLING CODE P 

DEPARTMENT OF STATE 

[Public Notice: 9087] 

60-Day Notice of Proposed Information 

Collection: Affidavit of Relationship 

ACTION: Notice of request for public 

comment. 

SUMMARY: The Department of State is 

seeking Office of Management and 

Budget (OMB) approval for the 

information collection described below. 

In accordance with the Paperwork 

Reduction Act of 1995, we are 

requesting comments on this collection 

from all interested individuals and 

organizations. The purpose of this 

notice is to allow 60 days for public 

comment preceding submission of the 

collection to OMB. 

DATES: The Department will accept 

comments from the public up to June 8, 

2015. 

ADDRESSES: Direct any comments on 

this request to Sumitra Siram, Program 

Officer, Department of State, Bureau of 

Population, Refugees and Migration, 

Office of Admissions, 2025 E Street 

NW., Washington DC, 20522. 

You may submit comments by any of 

the following methods: 

• Web: Persons with access to the 

Internet may comment on this notice by 

going to www.Regulations.gov. You can 

search for the document by entering 

‘‘Docket Number: DOS–2015–0015’’ in 

the Search field. Then click the 

‘‘Comment Now’’ button and complete 

the comment form. 

• Email: SiramS@state.gov. 

• Regular Mail: Send written 

comments to: PRM/Office of 

Admissions, 2025 E Street NW., 8th 

Floor, Washington, DC 20255–0908. 

• Fax: (202) 453–9393, Attention: 

Sumitra Siram. 

You must include the DS form 

number (if applicable), information 

collection title, and the OMB control 

number in any correspondence. 

FOR FURTHER INFORMATION CONTACT: 

Direct requests for additional 

information regarding the collection 

listed in this notice, including requests 

for copies of the proposed collection 

instrument and supporting documents, 

to Sumitra Siram, Program Officer, 

PRM/Office of Admissions, 2025 E 

Street NW., Washington DC, 20522– 

0908, who may be reached on 202–453– 

9250 or at SiramS@state.gov. 

SUPPLEMENTARY INFORMATION: 

• Title of Information Collection: 

Affidavit of Relationship. 

• OMB Control Number: 1405–0206. 

• Type of Request: Extension of a 

Currently Approved Collection. 

• Originating Office: Office of 

Admissions, Bureau of Population, 

Refugees and Migration (PRM/A). 

• Form Number: DS–7656. 

• Respondents: Persons admitted to 

the United States as refugees or granted 

asylum in the United States who are 

claiming a relationship with family 

members overseas (spouse, unmarried 

children under age 21, and/or parents) 

in order to assist the U.S. Government 

in determining whether those family 

members are qualified to apply for 

admission to the United States via the 

U.S. Refugee Admissions Program under 

the family reunification access priority. 

• Estimated Number of Respondents: 

2,500. 

• Estimated Number of Responses: 

2,500. 

• Average Time per Response: 60 

Minutes. 

• Total Estimated Burden Time: 

2,500.00 Hours. 

• Frequency: On occasion. 

• Obligation to Respond: Required to 

Obtain or Retain a Benefit. 

We are soliciting public comments to 

permit the Department to: 

• Evaluate whether the proposed 

information collection is necessary for 

the proper functions of the Department. 

• Evaluate the accuracy of our 

estimate of the time and cost burden for 

this proposed collection, including the 

validity of the methodology and 

assumptions used. 

• Enhance the quality, utility, and 

clarity of the information to be 

collected. 

• Minimize the reporting burden on 

those who are to respond, including the 

use of automated collection techniques 

or other forms of information 

technology. 

Please note that comments submitted 

in response to this Notice are public 

record. Before including any detailed 

personal information, you should be 

aware that your comments as submitted, 

including your personal information, 

will be available for public review. 

Abstract of proposed collection: The 

Affidavit of Relationship (AOR) will be 

required by the Department of State to 

establish qualifications for access to the 

Priority-3 (P–3) Family Reunification 

category of the United States Refugee 

Admissions Program (USRAP) by 

persons of certain nationalities who are 

family members of qualifying ‘‘anchors’’ 

(persons already admitted to the U.S. as 

refugees or who were granted asylum in 

the United States., including persons 

who may now be lawful permanent 

residents or U.S. citizens). Qualifying 

family members of U.S.-based anchors 

include spouse, unmarried children 

under age 21, and parents. Eligible 

nationalities are determined on an 

annual basis following careful review of 

several factors, including the United 

Nations High Commissioner for 

Refugees’ annual assessment of refugees 

in need of resettlement, prospective or 

ongoing repatriation efforts, and U.S. 

foreign policy interests. The P–3 

category, along with the other categories 

of cases that have access to USRAP, is 

outlined in the annual Proposed 

Refugee Admissions—Report to 

Congress, which is submitted on behalf 

of the President in fulfillment of the 

requirements of section 207(d) of the 

Immigration and Nationality Act (8 

U.S.C. 1157), and authorized by the 

annual Presidential Determination for 

Refugee Admissions. Having an AOR 

filed on a potential applicant’s behalf by 

an eligible anchor relative will be one of 

the criteria for access to this program. 

The AOR also informs the anchor 

relative that DNA evidence of all 

claimed parent-child relationships 

between the anchor relative and parents 

and/or unmarried children under 21 

will be required as a condition of access 

to P–3 processing and that the costs will 

be borne by the anchor relative or his/ 

her family members who may apply for 

access to refugee processing, or their 

derivative beneficiaries, as the case may 

be. Successful applicants may be 

eligible for reimbursement of DNA test 

costs. 

Methodology: This information 

collection currently involves the limited 

use of electronic techniques. Anchors in 

the United States may visit any 

resettlement agency throughout the 

United States to complete the AOR. 

Resettlement agencies are organizations 

that work under a cooperative 

agreement with the Department of State. 

In order to file an AOR, an individual 

must be at least 18 years of age and have 

been admitted to the United States as a 

refugee or granted asylum in the United 

States no more than five years prior to 

the filing of the AOR. The DS–7656 

form will be available electronically and 

responses will be completed 

electronically with the aid of 

resettlement agency staff. Completed 

AORs will be printed out for ink 


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