[Federal Register Volume 62, Number 92 (Tuesday, May 13, 1997)]
[Notices]
[Page 26344]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-12483]


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SMALL BUSINESS ADMINISTRATION


Blue Ridge Investors Limited Partnership (License No. 04/74-
0262); Notice of Filing of an Application for Approval of a Conflict of 
Interest Transaction

    Notice is hereby given that Blue Ridge Investors Limited 
Partnership (Blue Ridge), P.O. Box 21962, Greensboro, North Carolina 
27420 a Federal licensee under the Small Business Investment Act of 
1958, as amended (the Act), has filed an application with the Small 
Business Administration (SBA) pursuant to Section 312 of the Act and 
covered by Section 107.730 of the SBA Rules and Regulations (the 
Regulations) governing the Small Business Investment Companies (13 CFR 
107.730 (1996)) for approval of a conflict of interest transaction 
falling within the scope of the above Sections of the Act and the 
Regulations.
    Subject to such approval, Blue Ridge proposes to provide funds to 
Geneva Associates, L.L.C., (Geneva), First Union Tower, 300 North 
Greene Street, Greensboro, North Carolina 27401, for the purchase of 
preferred stock in Varel Manufacturing Corporation (Varel) of Dallas, 
Texas. Blue Ridge had intended to co-invest with Geneva in Varel 
simultaneously, but could not pending the resolution of a foreign 
investment issue pertaining to Varel. The resolution was in favor of 
Blue Ridge but subsequent to the closing date of Geneva's financing to 
Varel.
    The proposed financing is brought within the purview of Section 
107.730(a)(1) of the Regulations because certain principals of Geneva 
are principals in Blue Ridge. Geneva is considered to be an Associate 
of Blue Ridge as defined by Section 107.50 of the Regulations.
    Notice is further given that any person may, not later than 10 days 
from the date of the publication of the Notice, submit written comments 
on the proposed transaction to the Associate Administrator for 
Investment, Small Business Administration, 409 Third Street, S.W., 
Suite 6300, Washington, D.C. 20416.
    A copy of this Notice shall be published, in accordance with 
Section 107.730(g) of the Regulations, in a newspaper of general 
circulation in Dallas, Texas.

(Catalog of Federal Domestic Assistance Program No.59.11, Small 
Business Investment Companies)

    Dated: May 7, 1997.
Don A. Christensen,
Associate Administrator for Investment.
[FR Doc. 97-12483 Filed 5-12-97; 8:45 am]
BILLING CODE 8025-01-P