[Federal Register Volume 68, Number 129 (Monday, July 7, 2003)]
[Notices]
[Page 40319]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-17025]



[[Page 40319]]

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SMALL BUSINESS ADMINISTRATION

[License No. 03/73-0229]


Walker Investment Fund II SBIC, L.P.; Notice Seeking Exemption 
Under Section 312 of the Small Business Investment Act, Conflicts of 
Interest

    Notice is hereby given that Walker Investment Fund II SBIC, L.P., 
3060 Washington Road, Glenwood, MD 21738, a Federal Licensee under the 
Small Business Investment Act of 1958, as amended (``the Act''), in 
connection with the financing of a small concern, has sought an 
exemption under section 312 of the Act and section 107.730, Financings 
which Constitute Conflicts of Interest of the Small Business 
Administration (``SBA'') rules and regulations (13 CFR 107.730 (2002)). 
Walker Investment Fund II SBIC, L.P. proposes to provide preferred 
equity security financing to Butterfly.net, Inc., 224 West King Street, 
Martinsburg, WV 25401. The financing is contemplated to provide the 
company with the necessary working capital.
    The financing is brought within the purview of Sec.  107.730(a)(1) 
of the Regulations because Walker Investment Fund II, LLLP, an 
Associate of Walker Investment Fund II SBIC, L.P., owns an interest in 
Butterfly.net, Inc. greater than 10 percent. Therefore, this 
transaction is considered a financing of an Associate requiring prior 
SBA approval.
    Notice is hereby given that any interested person may submit 
written comments on the transaction, within 15 days of the date of this 
publication, to the Associate Administrator for Investment, U.S. Small 
Business Administration, 409 Third Street, SW., Washington, DC 20416.

    Dated: June 26, 2003.
Jeffrey D. Pierson,
Associate Administrator For Investment.
[FR Doc. 03-17025 Filed 7-3-03; 8:45 am]
BILLING CODE 8025-01-P