7620 Federal Register / Vol. 81, No. 29 / Friday, February 12, 2016 / Notices 

investment companies’’ as the Trusts (each, a 

‘‘Fund’’). For purposes of the requested order, 

‘‘successor’’ is limited to an entity that results from 

a reorganization into another jurisdiction or a 

change in the type of business organization. For 

purposes of the request for relief, the term ‘‘group 

of investment companies’’ means any two or more 

registered investment companies, including closedend investment companies, that hold themselves 

out to investors as related companies for purposes 

of investment and investor services. 

2Certain of the Underlying Funds have obtained 

exemptions from the Commission necessary to 

permit their shares to be listed and traded on a 

national securities exchange at negotiated prices 

and, accordingly, to operate as an exchange-traded 

fund (‘‘ETF’’). 

3Applicants do not request relief for the Funds 

of Funds to invest in reliance on the order in 

closed-end investment companies that are not listed 

and traded on a national securities exchange. 

4A Fund of Funds generally would purchase and 

sell shares of an Underlying Fund that operates as 

an ETF through secondary market transactions 

rather than through principal transactions with the 

Underlying Fund. Applicants nevertheless request 

relief from section 17(a) to permit a Fund of Funds 

to purchase or redeem shares from the ETF. A Fund 

of Funds will purchase and sell shares of an 

Underlying Fund that is a closed-end fund through 

secondary market transactions at market prices 

rather than through principal transactions with the 

closed-end fund. Accordingly, applicants are not 

requesting section 17(a) relief with respect to 

transactions in shares of closed-end funds. 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

Funds’’) to acquire shares of Underlying 

Funds 2 in excess of the limits in 

sections 12(d)(1)(A) and (C) of the Act 

and (b) the Underlying Funds that are 

registered open-end investment 

companies or series thereof, their 

principal underwriters and any broker 

or dealer registered under the Exchange 

Act to sell shares of the Underlying 

Fund to the Fund of Funds in excess of 

the limits in section 12(d)(1)(B) of the 

Act.3 Applicants also request an order of 

exemption under sections 6(c) and 17(b) 

of the Act from the prohibition on 

certain affiliated transactions in section 

17(a) of the Act to the extent necessary 

to permit the Underlying Funds to sell 

their shares to, and redeem their shares 

from, the Funds of Funds.4 Applicants 

state that such transactions will be 

consistent with the policies of each 

Fund of Funds and each Underlying 

Fund and with the general purposes of 

the Act and will be based on the net 

asset values of the Underlying Funds. 

2. Applicants agree that any order 

granting the requested relief will be 

subject to the terms and conditions 

stated in the application. Such terms 

and conditions are designed to, among 

other things, help prevent any potential 

(i) undue influence over an Underlying 

Fund that is not in the same ‘‘group of 

investment companies’’ as the Fund of 

Funds through control or voting power, 

or in connection with certain services, 

transactions, and underwritings, (ii) 

excessive layering of fees, and (iii) 

overly complex fund structures, which 

are the concerns underlying the limits 

in sections 12(d)(1)(A), (B), and (C) of 

the Act. 

3. Section 12(d)(1)(J) of the Act 

provides that the Commission may 

exempt any person, security, or 

transaction, or any class or classes of 

persons, securities, or transactions, from 

any provision of section 12(d)(1) if the 

exemption is consistent with the public 

interest and the protection of investors. 

Section 17(b) of the Act authorizes the 

Commission to grant an order 

permitting a transaction otherwise 

prohibited by section 17(a) if it finds 

that (a) the terms of the proposed 

transaction are fair and reasonable and 

do not involve overreaching on the part 

of any person concerned; (b) the 

proposed transaction is consistent with 

the policies of each registered 

investment company involved; and (c) 

the proposed transaction is consistent 

with the general purposes of the Act. 

Section 6(c) of the Act permits the 

Commission to exempt any persons or 

transactions from any provision of the 

Act if such exemption is necessary or 

appropriate in the public interest and 

consistent with the protection of 

investors and the purposes fairly 

intended by the policy and provisions of 

the Act. 

For the Commission, by the Division of 

Investment Management, pursuant to 

delegated authority. 

Robert W. Errett, 

Deputy Secretary. 

[FR Doc. 2016–02834 Filed 2–11–16; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–77080; File No. SR– 

NASDAQ–2016–019] 

Self-Regulatory Organizations; The 

NASDAQ Stock Market LLC; Notice of 

Filing and Immediate Effectiveness of 

Proposed Rule Change To Include 

NextShares in the Lead Market Maker 

Program 

February 8, 2016. 

Pursuant to Section 19(b)(1) of the 

Securities Exchange Act of 1934 

(‘‘Act’’),1 and Rule 19b–4 thereunder,2

notice is hereby given that on February 

2, 2016, The NASDAQ Stock Market 

LLC (‘‘Nasdaq’’) filed with the Securities 

and Exchange Commission (‘‘SEC’’ or 

‘‘Commission’’) the proposed rule 

change as described in Items I and II 

below, which Items have been prepared 

by Nasdaq. The Commission is 

publishing this notice to solicit 

comments on the proposed rule change 

from interested persons. 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

Nasdaq proposes to add NextShares to 

the list of securities eligible to be 

Qualified Securities under the Lead 

Market Maker Program of Rule 7014(f) 

and to make a technical change to the 

rule. Nasdaq will implement the 

proposed rule change on February 26, 

2016. 

The text of the proposed rule change 

is available on the Nasdaq’s Web site at 

http://nasdaq.cchwallstreet.com, at the 

principal office of Nasdaq, and at the 

Commission’s Public Reference Room. 

II. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

In its filing with the Commission, 

Nasdaq included statements concerning 

the purpose of and basis for the 

proposed rule change and discussed any 

comments it received on the proposed 

rule change. The text of these statements 

may be examined at the places specified 

in Item IV below. Nasdaq has prepared 

summaries, set forth in sections A, B, 

and C below, of the most significant 

aspects of such statements. 

A. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

Background 

Nasdaq is proposing to include 

NextShares, listed under Rule 5745, to 

the list of securities eligible to be treated 

as a Qualified Security under the Lead 

Market Maker (‘‘LMM’’) Program of Rule 

7014(f). 

The LMM Program is designed to 

provide incentive to market makers to 

make markets in certain relatively 

illiquid exchange-traded products 

(‘‘ETPs’’). To achieve this goal, Nasdaq 

provides credits to a designated LMM 

for execution of a Qualified Security. 

Under Rule 7014(f)(1), a security may be 

designated as a ‘‘Qualified Security’’ if: 

(A) It is an exchange-traded fund or 

index-linked security listed on Nasdaq 

pursuant to Nasdaq Rules 5705, 5710, 

5720, or 5735; and (B) it has at least one 

LMM. 

An LMM is a registered Nasdaq 

market maker for a Qualified Security 

that has committed to maintain 

minimum performance standards, 

which are based on certain percentages 


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Federal Register / Vol. 81, No. 29 / Friday, February 12, 2016 / Notices 7621 

3See Rule 5745(c)(1). 

4For a description of NAV-Based Trading and 

proxy price, see Rule 5745(b)(3); see also Securities 

Exchange Act Release No. 73562 (November 7, 

2014), 79 FR 68309 (November 14, 2014) (SR– 

NASDAQ–2014–020) and Securities Exchange Act 

Release No. 75815 (September 2, 2015), 80 FR 

54349 (September 9, 2015) (SR–NASDAQ–2015– 

103). 

5Rule 7014(f)(1)(A). 

6 15 U.S.C. 78f. 

7 15 U.S.C. 78f(b)(4) and (5). 

of time that the LMM is quoting at the 

national best bid and offer (‘‘NBBO’’). 

An LMM is selected by Nasdaq based on 

several factors including, but not 

limited to, experience with making 

markets in exchange-traded funds and 

index-linked securities, adequacy of 

capital, willingness to promote Nasdaq 

as a marketplace, issuer preference, 

operational capacity, support personnel, 

and history of adherence to Nasdaq 

rules and securities laws. Nasdaq may 

limit the number of LMMs in a security, 

or modify a previously established limit, 

upon prior written notice to members. 

Proposed Change to Rule 7014(f) 

As previously noted, Nasdaq 

currently includes in the program 

Portfolio Depository Receipts, Index 

Fund Shares, Securities Linked to the 

Performance of Indexes and 

Commodities (Including Currencies), 

Trust Issued Receipts, and Managed 

Fund Shares. Nasdaq is proposing to 

add another ETP, NextShares, as eligible 

to be a Qualified Security under the 

LMM Program. 

The term NextShares means a security 

that (a) represents an interest in a 

registered investment company 

(‘‘NextShares Fund’’) organized as an 

open-end management investment 

company that invests in a portfolio of 

securities and other assets selected and 

managed by the NextShares Fund’s 

investment adviser consistent with the 

NextShares Fund’s investment 

objectives and policies; (b) is issued in 

a specified aggregate unit quantity in 

return for a deposit of a specified 

portfolio of securities and/or a cash 

amount with a value per NextShare 

equal to the NextShares Fund’s net asset 

value; (c) when aggregated in the same 

specified unit quantity, may be 

redeemed for a specified portfolio of 

securities and/or cash with a value per 

NextShare equal to the NextShares 

Fund’s net asset value; and (d) is traded 

on Nasdaq or another national securities 

exchange using net asset value 

(‘‘NAV’’)-Based Trading.3 NextShares 

will trade on Nasdaq using a new 

trading protocol called ‘‘NAV-Based 

Trading.’’ In NAV-Based Trading, all 

bids, offers and execution prices will be 

expressed as a premium/discount 

(which may be zero) to the NextShares’ 

next-determined NAV (e.g., NAV¥$ 

0.01; NAV+$ 0.01). A NextShares’ nextdetermined NAV will be represented at 

the beginning of each trading day by a 

proxy price of 100.00. A NextShares’ 

NAV will be determined each business 

day, normally no later than 6:45 p.m. 

Eastern Time. At this time, the day’s 

premiums/discounts associated with the 

day’s transactions will be applied to the 

day’s NAV to create the final transaction 

price. Trade executions using NAVBased Trading will be binding at the 

time orders are matched on Nasdaq’s 

facilities, with the transaction prices 

contingent upon the determination of 

the NextShares’ NAV at the end of the 

business day. Nasdaq represents that an 

[sic] NextShares’ next-determined NAV 

will be represented by a proxy price 

(e.g., 100.00) and a premium/discount of 

a stated amount to the next-determined 

NAV to [sic] be represented by the same 

increment/decrement from the proxy 

price used to denote NAV (e.g., 

NAV¥$0.01 would be represented as 

99.99; NAV+$0.01 as 100.01). To 

convert proxy prices used to represent 

intraday bids, offers, and execution 

prices into prices expressed in relation 

to the next-determined NAV, member 

firms would subtract from the reported 

proxy price (e.g., 99.99) the proxy for 

NAV (e.g., 100.00) and insert ‘‘NAV’’ in 

front of the calculated number 

expressed in dollars (e.g., 99.99¥100.00 

= ¥0.01, expressed as ‘‘NAV¥$0.01’’). 

Nasdaq will report intraday bids, offers, 

and trades for NextShares in real-time to 

the Consolidated Tape using the proxy 

price format. In addition, Nasdaq will 

disseminate intraday NextShares bids, 

offers, and trades through a proprietary 

exchange data feed using the NAV + 

$.01/NAV¥$.01 format. Nasdaq will 

also provide the member firms 

participating in each NextShares trade 

with a contemporaneous notice of trade 

execution, indicating the number 

NextShares bought or sold and the 

executed premium/discount to NAV. 

All orders to buy or sell NextShares that 

are not executed on the day the order is 

submitted would be automatically 

cancelled as of the close of trading on 

such day.4

As a new and novel ETP, Nasdaq is 

proposing to include NextShares in its 

LMM Program to provide incentive to 

market makers to make markets in 

NextShares, which will help to ensure 

that adequate liquidity is provided in 

the novel product. This will benefit 

market participants interested in buying 

or selling these ETPs. As noted above, 

the LMM Program’s performance criteria 

are based on an LMM’s quoting at the 

NBBO. For purposes of the LMM 

Program, Nasdaq will use a NextShares’ 

best proxy price bid and offer in 

comparison to an LMM’s quoting at the 

time to determine whether it meets the 

performance criteria. Nasdaq will list 

and trade the first NextShares product 

on February 26, 2016 and plans to 

include NextShares in the LMM 

Program as Qualified Securities effective 

that day. 

Nasdaq is also proposing to make a 

technical change to rule text in Rule 

7014(f). Currently, Nasdaq describes 

Qualified Securities as being ‘‘exchangetraded fund or index-linked security 

listed on Nasdaq pursuant to Nasdaq 

Rules 5705, 5710, 5720, or 5735.’’ 5

Nasdaq is proposing to replace 

references to exchange-traded funds and 

index-linked securities under 

subparagraphs (f)(1)(A) and (f)(2) of Rule 

7014 with the term ‘‘exchange-traded 

product,’’ which is a broader term that 

incorporates exchange-traded funds, 

index-linked securities, and NextShares 

within its meaning. The new term does 

not change what is eligible to be a 

Qualified Security under the rule. 

2. Statutory Basis 

Nasdaq believes that the proposed 

rule change is consistent with the 

provisions of Section 6 of the Act,6 in 

general, and with Sections 6(b)(4) and 

6(b)(5) of the Act,7 in particular, in that 

it provides for the equitable allocation 

of reasonable dues, fees and other 

charges among its members and issuers 

and other persons using its facilities, 

and is designed to prevent fraudulent 

and manipulative acts and practices, to 

promote just and equitable principles of 

trade, to foster cooperation and 

coordination with persons engaged in 

regulating, clearing, settling, processing 

information with respect to, and 

facilitating transactions in securities, to 

remove impediments to and perfect the 

mechanism of a free and open market 

and a national market system, and, in 

general, to protect investors and the 

public interest; and is not designed to 

permit unfair discrimination between 

customers, issuers, brokers, or dealers. 

Nasdaq believes that inclusion of 

NextShares in the LMM Program is 

reasonable because the new ETP is 

novel, and offering incentives to market 

makers to provide liquidity in the 

product will help ensure its successful 

launch. The LMM Program is designed 

to improve liquidity in ETPs by 

allocating rebates to LMMs that quote at 

the national best bid and best offer for 

certain percentages of time. As 

additional incentive, the LMM Program 


asabaliauskas on DSK9F6TC42PROD with NOTICES2
7622 Federal Register / Vol. 81, No. 29 / Friday, February 12, 2016 / Notices 

8 15 U.S.C. 78s(b)(3)(A). 

9 17 CFR 240.19b–4(f)(6). As required under Rule 

19b–4(f)(6)(iii), the Exchange provided the 

Commission with written notice of its intent to file 

the proposed rule change, along with a brief 

description and the text of the proposed rule 

change, at least five business days prior to the date 

of filing of the proposed rule change, or such 

shorter time as designated by the Commission. 

10 17 CFR 240.19b–4(f)(6). 

11 17 CFR 240.19b–4(f)(6)(iii). 

12For purposes only of waiving the 30-day 

operative delay, the Commission has considered the 

proposed rule’s impact on efficiency, competition, 

and capital formation. See 15 U.S.C. 78c(f). 

also provides different levels of fee caps 

on the fees assessed for participation in 

the Opening and Closing Crosses on 

Nasdaq. The LMM Program has been 

successful at improving market quality 

in the securities covered by the 

program. Thus Nasdaq believes the 

program will be effective at providing 

incentive to market makers on Nasdaq 

to become LMMs in NextShares thereby 

improving market quality in those 

securities. Nasdaq believes that the 

proposed change to Rule 7014(f) is an 

equitable allocation and is not unfairly 

discriminatory because all market 

makers that are elected to be designated 

as LMMs and meet the minimum 

performance criteria have the 

opportunity to qualify for a rebate and 

fee cap under the program in 

NextShares. Nasdaq believes that the 

proposed rule change will protect 

investors and the public interest 

because it may increase market maker 

participation in NextShares, which 

would in turn make the market in 

NextShares deeper and more liquid than 

it would be if NextShares were not 

included in the program. Deep and 

liquid markets protect investors and 

promote the public interest by allowing 

market participants to buy and sell 

securities quickly at competitive prices. 

Lastly, Nasdaq believes that the 

proposed use of the term exchangetraded product in lieu of the terms 

exchange-traded fund and index-linked 

security is consistent with the 

protection of investors and the public 

interest because it clarifies the rule text 

with a more commonly-used term to 

describe the securities eligible to be 

Qualified Securities under the LMM 

Program and does not change the type 

of securities eligible to be included in 

the program. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

Nasdaq does not believe that the 

proposed rule change will result in any 

burden on competition that is not 

necessary or appropriate in furtherance 

of the purposes of the Act, as amended. 

Specifically, the change is designed to 

improve market quality through the 

application of an ETP incentive program 

to a type of ETP that is currently not 

part of the program. A new ETP 

product, NextShares, may have 

comparatively low liquidity upon 

listing. Including NextShares in the 

LMM Program is designed to improve 

market quality in NextShares. Lastly, to 

the extent market quality in NextShares 

improves from inclusion in the LMM 

Program, the proposed change may 

promote competition among exchanges 

for new NextShares listings and similar 

incentive programs, to the benefit of all 

market participants trading NextShares. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

No written comments were either 

solicited or received. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

Because the foregoing proposed rule 

change does not: (i) Significantly affect 

the protection of investors or the public 

interest; (ii) impose any significant 

burden on competition; and (iii) become 

operative for 30 days from the date on 

which it was filed, or such shorter time 

as the Commission may designate, it has 

become effective pursuant to Section 

19(b)(3)(A) of the Act 8 and Rule 19b– 

4(f)(6) thereunder.9

A proposed rule change filed 

pursuant to Rule 19b–4(f)(6) under the 

Act 10 normally does not become 

operative for 30 days after the date of its 

filing. However, Rule 19b–4(f)(6)(iii) 11

permits the Commission to designate a 

shorter time if such action is consistent 

with the protection of investors and the 

public interest. The Exchange has asked 

the Commission to waive the 30-day 

operative delay so that NextShares may 

be included as Qualified Securities in 

the LMM Program on February 26, 2016, 

the first day of trading for NextShares 

on Nasdaq. The Commission believes 

that waiving the 30-day operative delay 

is consistent with the protection of 

investors and the public interest 

because it could allow NextShares 

investors to benefit from potential 

increased liquidity that an LMM could 

provide in a Qualified Security as early 

as the first day of trading for NextShares 

on Nasdaq. Therefore, the Commission 

hereby waives the operative delay and 

designates the proposed rule change 

operative upon filing.12

At any time within 60 days of the 

filing of the proposed rule change, the 

Commission summarily may 

temporarily suspend such rule change if 

it appears to the Commission that such 

action is necessary or appropriate in the 

public interest, for the protection of 

investors, or otherwise in furtherance of 

the purposes of the Act. If the 

Commission takes such action, the 

Commission shall institute proceedings 

to determine whether the proposed rule 

should be approved or disapproved. 

IV. Solicitation of Comments 

Interested persons are invited to 

submit written data, views, and 

arguments concerning the foregoing, 

including whether the proposed rule 

change is consistent with the Act. 

Comments may be submitted by any of 

the following methods: 

Electronic Comments 

• Use the Commission’s Internet 

comment form (http://www.sec.gov/

rules/sro.shtml); or 

• Send an email to rule-comments@

sec.gov. Please include File Number SR– 

NASDAQ–2016–019 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Secretary, Securities and Exchange 

Commission, 100 F Street NE., 

Washington, DC 20549–1090. 

All submissions should refer to File 

Number SR–NASDAQ–2016–019. This 

file number should be included on the 

subject line if email is used. To help the 

Commission process and review your 

comments more efficiently, please use 

only one method. The Commission will 

post all comments on the Commission’s 

Internet Web site (http://www.sec.gov/

rules/sro.shtml). Copies of the 

submission, all subsequent 

amendments, all written statements 

with respect to the proposed rule 

change that are filed with the 

Commission, and all written 

communications relating to the 

proposed rule change between the 

Commission and any person, other than 

those that may be withheld from the 

public in accordance with the 

provisions of 5 U.S.C. 552, will be 

available for Web site viewing and 

printing in the Commission’s Public 

Reference Room, 100 F Street NE., 

Washington, DC 20549, on official 

business days between the hours of 

10:00 a.m. and 3:00 p.m. Copies of the 

filing also will be available for 

inspection and copying at the principal 

office of Nasdaq. All comments received 

will be posted without change; the 

Commission does not edit personal 

identifying information from 

submissions. You should submit only 

information that you wish to make 

available publicly. All submissions 

should refer to File Number SR– 


asabaliauskas on DSK9F6TC42PROD with NOTICES2
Federal Register / Vol. 81, No. 29 / Friday, February 12, 2016 / Notices 7623 

13 17 CFR 200.30–3(a)(12). 

NASDAQ–2016–019 and should be 

submitted on or before March 4, 2016. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.13

Robert W. Errett, 

Deputy Secretary. 

[FR Doc. 2016–02840 Filed 2–11–16; 8:45 am] 

BILLING CODE 8011–01–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration #14614 and # 14615] 

Florida Disaster #FL–00110 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Notice. 

SUMMARY: This is a notice of an 

Administrative declaration of a disaster 

for the State of Florida dated 02/05/

2016. 

Incident: Tornado 

Incident Period: 01/09/2016. 

Effective Date: 02/05/2016. 

Physical Loan Application Deadline 

Date: 04/05/2016. 

Economic Injury (EIDL) Loan 

Application Deadline Date: 11/07/2016. 

ADDRESSES: Submit completed loan 

applications to: U.S. Small Business 

Administration, Processing and 

Disbursement Center, 14925 Kingsport 

Road, Fort Worth, TX 76155. 

FOR FURTHER INFORMATION CONTACT: A. 

Escobar, Office of Disaster Assistance, 

U.S. Small Business Administration, 

409 3rd Street, SW., Suite 6050, 

Washington, DC 20416. 

SUPPLEMENTARY INFORMATION: Notice is 

hereby given that as a result of the 

Administrator’s disaster declaration, 

applications for disaster loans may be 

filed at the address listed above or other 

locally announced locations. 

The following areas have been 

determined to be adversely affected by 

the disaster: 

Primary Counties: Lee. 

Contiguous Counties: 

Florida: Charlotte, Collier, Glades, 

Hendry. 

The Interest Rates are: 

Percent 

For Physical Damage: 

Homeowners With Credit Available Elsewhere ...................... 3.625 

Homeowners Without Credit 

Available Elsewhere .............. 1.813 

Businesses With Credit Available Elsewhere ...................... 6.000 

Businesses Without Credit 

Available Elsewhere .............. 4.000 

Percent 

Non-Profit Organizations With 

Credit Available Elsewhere ... 2.625 

Non-Profit Organizations Without Credit Available Elsewhere ..................................... 2.625 

For Economic Injury: 

Businesses & Small Agricultural 

Cooperatives Without Credit 

Available Elsewhere .............. 4.000 

Non-Profit Organizations Without Credit Available Elsewhere ..................................... 2.625 

The number assigned to this disaster 

for physical damage is 14614 C and for 

economic injury is 14615 0. 

The State which received an EIDL 

Declaration # is Florida. 

(Catalog of Federal Domestic Assistance 

Number 59008) 

Dated: February 5, 2016. 

Maria Contreras-Sweet, 

Administrator. 

[FR Doc. 2016–02874 Filed 2–11–16; 8:45 am] 

BILLING CODE 8025–01–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration #14616 and #14617] 

Florida Disaster #FL–00111 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Notice. 

SUMMARY: This is a notice of an 

Administrative declaration of a disaster 

for the State of Florida dated 02/05/

2016. 

Incident: Severe Storms and a 

Tornado. 

Incident Period: 01/15/2016 through 

01/17/2016. 

Effective Date: 02/05/2016. 

Physical Loan Application Deadline 

Date: 04/05/2016. 

Economic Injury (EIDL) Loan 

Application Deadline Date: 11/07/2016. 

ADDRESSES: Submit completed loan 

applications to: U.S. Small Business 

Administration, Processing and 

Disbursement Center, 14925 Kingsport 

Road, Fort Worth, TX 76155. 

FOR FURTHER INFORMATION CONTACT: A. 

Escobar, Office of Disaster Assistance, 

U.S. Small Business Administration, 

409 3rd Street SW., Suite 6050, 

Washington, DC 20416. 

SUPPLEMENTARY INFORMATION: Notice is 

hereby given that as a result of the 

Administrator’s disaster declaration, 

applications for disaster loans may be 

filed at the address listed above or other 

locally announced locations. 

The following areas have been 

determined to be adversely affected by 

the disaster: 

Primary Counties: Sarasota. 

Contiguous Counties: 

Florida: Charlotte, Desoto, Manatee. 

The Interest Rates are: 

Percent 

For Physical Damage: 

Homeowners With Credit Available Elsewhere ...................... 3.625 

Homeowners Without Credit 

Available Elsewhere .............. 1.813 

Businesses With Credit Available Elsewhere ...................... 6.000 

Businesses Without Credit 

Available Elsewhere .............. 4.000 

Non-Profit Organizations With 

Credit Available Elsewhere ... 2.625 

Non-Profit Organizations Without Credit Available Elsewhere ..................................... 2.625 

For Economic Injury: 

Businesses & Small Agricultural 

Cooperatives Without Credit 

Available Elsewhere .............. 4.000 

Non-Profit Organizations Without Credit Available Elsewhere ..................................... 2.625 

The number assigned to this disaster 

for physical damage is 14616 C and for 

economic injury is 14617 0. 

The State which received an EIDL 

Declaration # is Florida. 

(Catalog of Federal Domestic Assistance 

Number 59008) 

Dated: February 5, 2016. 

Maria Contreras-Sweet, 

Administrator. 

[FR Doc. 2016–02873 Filed 2–11–16; 8:45 am] 

BILLING CODE 8025–01–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration #14620] 

Michigan Disaster #MI–00054 

Declaration of Economic Injury 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Notice. 

SUMMARY: This is a notice of an 

Economic Injury Disaster Loan (EIDL) 

declaration for the State of Michigan, 

dated 02/05/2016. 

Incident: Contaminated Public Water 

Supply. 

Incident Period: 10/01/2015 and 

continuing. 

Effective Date: 02/05/2016. 

EIDL Loan Application Deadline Date: 

11/07/2016. 

ADDRESSES: Submit completed loan 

applications to: U.S. Small Business 

Administration, Processing and 


asabaliauskas on DSK9F6TC42PROD with NOTICES2