[Federal Register Volume 70, Number 149 (Thursday, August 4, 2005)]
[Notices]
[Page 44968]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-15423]



[[Page 44968]]

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SMALL BUSINESS ADMINISTRATION


Rustic Canyon Ventures SBIC, L.P., License No. 09/79-0450; Notice 
Seeking Exemption Under Section 312 of the Small Business Investment 
Act, Conflicts of Interest

    Notice is hereby given that Rustic Canyon Ventures SBIC, L.P., 2425 
Olympic Blvd., Suite 6050W, Santa Monica, CA 90404, 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). Rustic 
Canyon Ventures SBIC, L.P. proposes to provide equity/debt security 
financing to Intrepid Learning Solutions, Inc., 411 First Avenue South, 
Suite 300, Seattle WA 98104. The financing is contemplated for 
operating expenses and for general corporate purposes.
    The financing is brought within the purview of Sec.  107.730(a)(1) 
of the Regulations because Staenberg Private Capital, LLC and Staenberg 
Venture Partners II, L.P., both Associates of Rustic Canyon Ventures 
SBIC, L.P., own more than ten percent of Intrepid Learning Solutions, 
Inc. Therefore, Intrepid Learning Solutions, Inc., is considered an 
Associate of Rustic Canyon Ventures SBIC, L.P., as defined at 13 CFR 
107.50 of the SBIC Regulations.
    Notice is hereby given that any interested person may submit 
written comments on the transaction to the Associate Administrator for 
Investment, U.S. Small Business Administration, 409 Third Street, SW., 
Washington, DC 20416.

    Dated: June 28, 2005.
Jaime Guzman-Fournier,
Associate Administrator for Investment.
[FR Doc. 05-15423 Filed 8-3-05; 8:45 am]
BILLING CODE 8025-01-P