Federal Register / Vol. 61, No. 18 / Friday, January 26, 1996 / Notices 2565

successful operations of the new

company under their management,

including profitability and financial

soundness in accordance with the Act

and Regulations.

Notice is hereby given that any person

may, not later that 15 days from the date

of publication of this Notice, submit

written comments on the proposed SBIC

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 San Francisco, California.

(Catalog of Federal Domestic Assistance

Programs No. 59.011, Small Business

Investment Companies.)

Dated: January 22, 1996.

Don A. Christensen,

Associate Administrator for Investment.

[FR Doc. 96–1277 Filed 1–25–96; 8:45 am]

BILLING CODE 8025–01–P

[Application No. 99000183]

Sundance Venture Partners, II L.P.;

Notice of Filing of Application for a

License To Operate as a Small

Business Investment Company

Notice is hereby given of the filing of

an application with the Small Business

Administration (SBA) pursuant to

Section 107.102 of the Regulations

governing small business investment

companies (13 CFR 107.102 (1995)) by

Sundance Venture Partners, II L.P., 400

East Van Buren Street, Phoenix, Arizona

85004 for a license to operate as a small

business investment company (SBIC)

under the Small Business Investment

Act of 1958, as amended, (15 U.S.C. et.

seq.), and the Rules and Regulations

promulgated there under. Sundance

Venture Partners, II L.P., is a Delaware

limited partnership. The business of the

applicant will be principally carried on

in the State of Arizona and in the

Southwestern United States. The

applicant may, however, make selective

investments outside the State of Arizona

and its target geographical markets or

participate in syndicated deals with

other SBICs in different parts of the

country.

The General Partner is Anderson &

Wells Company, a Delaware corporation

that is managed by its three principals,

Gregory S. Anderson, President, Larry J.

Wells, Chairman, and Brian N. Burns,

Vice President. Messers. Anderson,

Wells, and Burns have extensive

experience in venture capital finance.

The Partnership is intended to be

initially capitalized at $30,000,000

through the offering of Limited

Partnership interests to qualified

investors, with a minimum to be raised

in this offering of Limited Partnership

Interests of $5,000,000 and a maximum

of $30,000,000. The minimum

commitment for each investor is

$500,000, although exceptions may be

made by the General Partner. One

quarter of each Limited Partner’s

commitment will be paid at closing. The

balance will be payable, in installments,

no earlier than 12 months and no later

than 48 months following the Initial

Closing. No such installment will

exceed 25% of each Limited Partner’s

total capital commitment. The General

Partner, will make a capital contribution

of not less than 1% of the aggregate

capital contributions of the Limited

Partners. The SBIC GP will not engage

in any business other than serving as

general partner of the applicant.

Sundance Venture Partners, II L.P., will

begin operations with committed capital

of $5,000,000 and will be a source of

equity financings for qualified small

business concerns. The applicant

intends on utilizing The Small Business

Administration’s Participating Security

Instrument. The following limited

partners will own 10 percent or more of

the proposed SBIC:

Name and Percentage of Ownership

Prudential Securities, Inc., One Seaport

Plaza, New York, NY 10292–0131:

99%

The applicant will invest in a wide

range of industries including technology

based industries, health care, retail,

distribution and service businesses.

Typically, the business will be a small

company that is just beginning to enter

its target market.

Matters involved in SBA’s

consideration of the application include

the general business reputation and

character of the proposed owners and

management, and the probability of

successful operations of the new

company under their management,

including profitability and financial

soundness in accordance with the Act

and Regulations.

Notice is hereby given that any person

may, not later that 15 days from the date

of publication of this Notice, submit

written comments on the proposed SBIC

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 Phoenix, Arizona.

(Catalog of Federal Domestic Assistance

Programs No. 59.011, Small Business

Investment Companies.)

Dated: January 22, 1996.

Don A. Christensen,

Associate Administrator for Investment.

[FR Doc. 96–1276 Filed 1–25–96; 8:45 am]

BILLING CODE 8025–01–P

[Application No. 99000191]

Mellon Ventures, L.P.; Notice of Filing

of Application for a License To Operate

as a Small Business Investment

Company

Notice is hereby given of the filing of

an application with the Small Business

Administration (SBA) pursuant to

Section 107.102 of the Regulations

governing small business investment

companies (13 CFR 107.102 (1995)) by

Mellon Ventures, L.P., One Mellon Bank

Center, Rm. 151–3200, Pittsburgh, PA

15258–0001 for a license to operate as

a small business investment company

(SBIC) under the Small Business

Investment Act of 1958, as amended, (15

U.S.C. et seq.), and the Rules and

Regulations promulgated there under.

Mellon Ventures, L.P., is a Delaware

limited partnership. The Fund’s

operating area will be nationwide, but

will focus primarily in the Mid-Atlantic

and South-Atlantic states.

The Limited Partners of the applicant

will be Mellon Bank N.A. (the ‘‘Class B

Limited Partner’’) and senior managers

of Mellon Ventures, Inc. (the ‘‘Class A

Limited Partners’’). The sole General

Partner of the applicant will be MVM,

L.P. (the ‘‘General Partner’’). The

General Partner of MVM, L.P. (a

Delaware limited partnership) is MVM,

Inc. (a Delaware corporation) whose sole

shareholder and Chief Executive Officer

is Lawrence E. Mock Jr. Mr. Mock, Jr.

has extensive experience in banking,

finance, and investment analysis.

Mellon Ventures, L.P. will initially be

capitalized with $2,500,000 of capital

provided by Mellon Bank, N.A., as the

Class B Limited Partner, and $25,000 of

capital provided by the General Partner.

Class A Limited Partners will contribute

a de minimus amount for their interest.

Additional capital will be provided by

the Class B Limited Partner and General

Partner as needed to fund investments

and in the discretion of the Class B

Limited Partner. The SBIC GP will not

engage in any business other than

serving as general partner of the

applicant. The applicant will operate

without SBA leverage. The following

limited partners will own 10 percent or

more of the proposed SBIC:

Name and Percentage of Ownership

Mellon Bank, N.A., One Mellon Bank

Center, Pittsburgh, PA 15258–0001:

99%
2566 Federal Register / Vol. 61, No. 18 / Friday, January 26, 1996 / Notices

Investments are contemplated in

various manufacturing, distribution, and

service businesses where the portfolio

company’s position offers growth

potential through increased market

share or growth in the market or niche.

Matters involved in SBA’s

consideration of the application include

the general business reputation and

character of the proposed owners and

management, and the probability of

successful operations of the new

company under their management,

including profitability and financial

soundness in accordance with the Act

and Regulations.

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 the

proposed SBIC 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 Pittsburgh, Pennsylvania.

(Catalog of Federal Domestic Assistance

Programs No. 59.011, Small Business

Investment Companies.)

Dated: January 22, 1996.

Don A. Christensen,

Associate Administrator for Investment.

[FR Doc. 96–1275 Filed 1–25–96; 8:45 am]

BILLING CODE 8025–01–P

Interest Rates

The Small Business Administration

publishes an interest rate called the

optional ‘‘peg’’ rate (13 CFR 122.8–4(d))

on a quarterly basis. This rate is a

weighted average cost of money to the

government for maturities similar to the

average SBA direct loans. This rate may

be used as a base rate for guaranteed

fluctuating interest rate SBA loans. This

rate will be 61⁄4 percent for the January–

March quarter of FY 96.

Pursuant to 13 CFR 108.503–8(b)(4),

the maximum legal interest rate for a

commercial loan which funds any

portion of the cost of a project (see 13

CFR 108.503–4) shall be the greater of

6 percent over the New York prime rate

or the limitation established by the

constitution or laws of a given State.

The initial rate for a fixed rate loan shall

be the legal rate for the term of the loan.

John R. Cox,

Associate Administrator for Financial

Assistance.

[FR Doc. 96–1346 Filed 1–25–96; 8:45 am]

BILLING CODE 8025–01–P

[License # 03/03–0178]

D.C. Bancorp Venture Capital

Company; Notice of License Surrender

Notice is hereby given that D.C.

Bancorp Venture Capital Company, 901

Main Street, 66th Floor, Dallas, Texas

75202–2911, has surrendered its license

to operate as a small business

investment company under the Small

Business Investment Act of 1958, as

amended (‘‘the Act’’). D.C. Bancorp

Venture Captital Co. was licensed by the

Small Business Administration on July

18, 1985.

Under the authority vested by the Act

and pursuant to the regulations

promulgated thereunder, the surrender

of the license was accepted on January

11, 1996, and accordingly, all rights,

privileges, and franchises derived

therefrom have been terminated.

(Catalog of Federal Domestic Assistance

Program No. 59.011, Small Business

Investment Companies)

Dated: January 16, 1996.

Don A. Christensen,

Associate Administrator for Investment.

[FR Doc. 96–1345 Filed 1–25–96; 8:45 am]

BILLING CODE 8025–01–P

SOCIAL SECURITY ADMINISTRATION

Agency Forms Submitted to the Office

of Management and Budget for

Clearance

Normally on Fridays, the Social

Security Administration publishes a list

of information collection packages that

will require submission to the Office of

Management and Budget (OMB) for

clearance in compliance with P.L. 96–

511, as amended (P.L. 104–13 effective

October 1, 1995), The Paperwork

Reduction Act. The information

collections listed below, which were

published in the Federal Register on

December 1, have been submitted to

OMB.

(Call the Reports Clearance Officer on

(410) 965–4142 for a copy of the form(s)

or package(s), or write to her at the

address listed after the information

collections.)

SSA Reports Clearance Officer:

Charlotte S. Whitenight

1. Quarterly Statistical Report on

Recipients and Payments Under Stateadministered Assistance Programs for

Aged, Blind and Disabled (Individuals

and Couples) Recipients—0960–0130.

The information collected on the SSA–

9741 is used to provide statistical data

on recipients and assistance payments

under the SSI State-administered State

supplementation programs. These data

are needed to complement the data

available for the federally administered

programs under SSA and to more fully

explain the impact of the public income

support programs on the needy, aged,

blind and disabled. The respondents are

state agencies who administer

supplementary payment programs

under SSI.

Number of Respondents: 23.

Frequency of Response: 4 times

annually.

Average Burden Per Response: 1 hour.

Estimated Annual Burden: 92 hours.

2. Record of SSI Inquiry—0960–0140.

The information collected on form SSA–

3462 is used to document the earliest

possible filing date and to determine

potential eligibility for SSI benefits. The

respondents are individuals who

inquire about SSI eligibility for

themselves or another individual.

Number of Respondents: 1,200,000.

Frequency of Response: 1.

Average Burden Per Response: 5

minutes.

Estimated Annual Burden: 100,000.

3. Request for Workers’

Compensation/Public Disability

Information—0960–0098. The

information collected on form SSA–

1709 is used to verify workers’

compensation and public disability

benefits payment amounts and to

compute the correct reduction to the

disability insurance benefits. The

respondents are state and local

governments and/or businesses that

administer workers’ compensation or

other disability benefits.

Number of Annual Responses:

140,000.

Frequency of Response: As needed to

verify changes in the amount of workers

compensation/public disability benefits.

Average Burden Per Response: 15

minutes.

Estimated Annual Burden: 35,000

hours.

4. Employee Work Activity

Questionnaire—0960–0483. The

information collected on form SSA–

3033 is used to determine if a disability

claimant has or has not either engaged

in substantial gainful activity or

received a non-specific subsidy. Such a

determination is necessary in evaluating

a claimant’s eligibility for Social

Security disability benefits. The

respondents are current or former

employers of disability claimants.

Number of Respondents: 12,500.

Frequency of Response: 1.

Average Burden Per Response: 15

minutes.

Estimated Annual Burden: 3,125

hours.

5. Followup Survey for the Project

Network Evaluation—0960–NEW.