Search Results for keywords:"exemption"

East Chicago Rail Terminal, LLC (ECRT) is planning to acquire and operate a small section of railroad track from Chrome, LLC at East Chicago, Indiana. This track is 467 feet long and connects to the Indiana Harbor Belt Railroad. ECRT has agreed to this purchase and plans to use the track to provide common carrier rail service to Tri-Star DEF LLC without affecting any future agreements with other carriers. The acquisition is expected to be completed on or after February 26, 2021, and is exempt from environmental and historic reporting requirements.

The Department of Health and Human Services (HHS) is establishing a new system of records to maintain child abuse and neglect investigation records for the Office of Refugee Resettlement's Unaccompanied Children Bureau. The rule exempts this system from certain Privacy Act requirements, like disclosure and access rights, to protect the integrity of investigations and secure sensitive information. HHS explains that these exemptions are necessary to prevent interference with investigations, safeguard the identities of children and informants, and maintain the effectiveness of investigative techniques. The rule will be effective by February 6, 2025, unless adverse comments are received by January 22, 2025.

Sonoma-Marin Area Rail Transit District (SMART), a Class III rail carrier, has filed for an exemption to acquire and operate an 87.65-mile rail line from North Coast Railroad Authority (NCRA) in California. The transaction allows SMART to be the freight operator using a noncarrier contract operator and is expected to be completed on or after March 4, 2021. SMART assures that its annual revenues from the deal will not exceed $5 million and that there are no agreements limiting future connections with other carriers. This transaction is mostly exempt from environmental and historic preservation reviews.

Santa Maria Valley Railroad, LLC (SMVR), which is not currently a rail carrier, plans to acquire and operate two rail lines in Santa Barbara County, California. They intend to: (1) buy a line from Coast Belle Rail, LLC, and (2) take over the operation of another line leased from Union Pacific Railroad Company. This change means that SMVR will take over from Coast Belle as the common carrier, but their revenues are expected to remain under $5 million. The transaction is anticipated to start on or after April 12, 2025, and is exempt from certain environmental and historic preservation reviews.

Puerto Verde Industrial Railroad, LLC (PVIR), a noncarrier company, plans to operate a 2.43-mile private railroad track in Maverick County, Texas, on the site of a former coal mine. This site, owned by PVIR's affiliate, Farming Hydrasource, LLC, is being converted into an industrial park. Once operational, PVIR will provide carrier services like switching and transloading for local businesses. The railroad's annual revenue is projected to stay under $5 million, classifying it as a Class III rail carrier. The earliest start date for operations under this exemption is January 1, 2025, and certain regulatory reviews do not apply to this project.

The Securities and Exchange Commission announced a notice regarding an application from the Esoterica Thematic Trust and Esoterica Capital LLC. They are seeking an exemption to allow modifications of subadvisory agreements without shareholder approval and relief from certain disclosure rules about fees. The requested exemption would enable more efficient operations by allowing the Adviser to select and amend agreements with subadvisers, subject to approval by the board of trustees, without the need for shareholder meetings. This is intended to streamline processes while ensuring transparency through aggregated fee disclosures.