Search Results for keywords:"License Surrender"

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Search Results: keywords:"License Surrender"

  • Type:Notice
    Citation:86 FR 11570
    Reading Time:less than a minute

    The United States Small Business Administration (SBA) has declared that the license issued to Patriot Capital II, L.P. to operate as a small business investment company is now null and void. This decision is based on the authority granted under the Small Business Investment Act of 1958 and the corresponding regulations. The announcement was made by Thomas G. Morris, the Acting Associate Administrator and Director of the Office of SBIC Liquidation within the Office of Investment and Innovation.

    Simple Explanation

    The Small Business Administration (SBA) has said that Patriot Capital II, L.P. can no longer work as a special helper for small businesses because their permission has been canceled. This means they must stop doing the special job they were licensed for.

  • Type:Notice
    Citation:90 FR 8316
    Reading Time:less than a minute

    The United States Small Business Administration (SBA) has declared the licenses of Plexus Fund III, L.P. and Plexus Fund QP III, L.P. to operate as small business investment companies to be null and void. This decision was made under the authority of the Small Business Investment Act of 1958 and relevant federal regulations. Thomas Morris, the Director of Patient Capital Investments, is the official who announced this action on behalf of the SBA.

    Simple Explanation

    The government has taken back the permission for Plexus Fund III, L.P. and Plexus Fund QP III, L.P. to help small businesses grow with money, and it's not clear why or what happens next.

  • Type:Notice
    Citation:90 FR 8935
    Reading Time:about a minute or two

    KC Brighton LLC has applied to surrender its license for the Brighton Hydroelectric Project in Maryland because the costs of continuing the project are too high. They plan to remove all power generation equipment but won't make any changes to the dam or water supply. The Federal Energy Regulatory Commission (FERC) will prepare an environmental assessment by May 2025 and has invited the public to participate and comment. The Washington Suburban Sanitary Commission, which owns the dam, has filed a Motion to Intervene.

    Simple Explanation

    KC Brighton LLC wants to stop running a power-making project in Maryland because it's too expensive, so they are going to take away the machines. The people in charge, called FERC, will check to make sure this won't hurt the environment, and folks who live nearby can share their thoughts.