[Federal Register Volume 77, Number 60 (Wednesday, March 28, 2012)]
[Notices]
[Page 18881]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-7432]


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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[Docket No. FD 35608]


North Louisiana & Arkansas Railroad, Inc.--Lease and Operation 
Exemption--Line of Southeastern Arkansas Economic Development District

    North Louisiana & Arkansas Railroad, Inc. (NLA), a Class III rail 
carrier, has filed a verified notice of exemption under 49 CFR 1150.41 
to lease from Southeastern Arkansas Economic Development District 
(SAEDD), a noncarrier political subdivision of the State of Arkansas, 
and to operate, a 21.8-mile line of railroad extending between milepost 
433.0 at or near Lake Village in Chicot County, Ark., and milepost 
454.8 at or near the Louisiana/Arkansas border.
    NLA states that, at the present time, the 21.8-mile line is 
impassable, but once Board authorization of the lease has been obtained 
and rehabilitation of the line has been completed, it will commence 
operations. NLA also states that it will interchange traffic with the 
Union Pacific Railroad Company, Arkansas Midland Railroad Company and 
Delta Southern Railroad.
    According to NLA, the initial term of the lease agreement shall be 
for a 20-year period, beginning on the effective date of the Board's 
decision that approves the proposed transaction. NLA states that the 
lease does not involve any provision or agreement that would limit 
future interchange with a third-party connecting carrier. NLA has 
included a copy of the lease agreement as part of its filing.
    The earliest the transaction can be consummated is April 11, 2012, 
the effective date of the exemption (30 days after the exemption was 
filed).
    NLA certifies that its projected annual revenues as a result of 
this transaction will not exceed those that would qualify it as a Class 
III rail carrier. NLA further certifies that its projected annual 
revenues as a result of this transaction will not exceed $5 million.
    If the verified notice contains false or misleading information, 
the exemption is void ab initio. Petitions to revoke the exemption 
under 49 U.S.C. 10502(d) may be filed at any time. The filing of a 
petition to revoke will not automatically stay the effectiveness of the 
exemption. Stay petitions must be filed no later than April 4, 2012 (at 
least 7 days before the exemption becomes effective).
    An original and 10 copies of all pleadings, referring to Docket No. 
FD 35608, must be filed with the Surface Transportation Board, 395 E 
Street SW., Washington, DC 20423-0001. In addition, one copy of each 
pleading must be served on Richard H. Streeter, Law Office of Richard 
H. Streeter, 5255 Partridge Lane NW., Washington, DC 20016.
    Board decisions and notices are available on our Web site at 
``www.stb.dot.gov.''

    Decided: March 23, 2012.

    By the Board, Rachel D. Campbell, Director, Office of 
Proceedings.
Raina S. White,
Clearance Clerk.
[FR Doc. 2012-7432 Filed 3-27-12; 8:45 am]
BILLING CODE 4915-01-P