Notice2024-21460
Hondo Railway, LLC-Acquisition Exemption-Rail Line of South Texas Liquid Terminal, Inc.
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
September 19, 2024
Issuing agencies
Surface Transportation Board
Full Text
<html>
<head>
<title>Federal Register, Volume 89 Issue 182 (Thursday, September 19, 2024)</title>
</head>
<body><pre>
[Federal Register Volume 89, Number 182 (Thursday, September 19, 2024)]
[Notices]
[Page 76910]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-21460]
=======================================================================
-----------------------------------------------------------------------
SURFACE TRANSPORTATION BOARD
[Docket No. FD 36803]
Hondo Railway, LLC--Acquisition Exemption--Rail Line of South
Texas Liquid Terminal, Inc.
Hondo Railway, LLC (HRC), a Class III rail carrier, has filed a
verified notice of exemption under 49 CFR 1150.41 to acquire from South
Texas Liquid Terminal, Inc. (STLT), 13,200 feet of track in the
vicinity of Hondo, Tex. in Medina County (the Line).\1\ HRC states that
there are no mileposts on the Line.
---------------------------------------------------------------------------
\1\ This transaction is related to a concurrently filed verified
notice of exemption in Macquarie Infrastructure Partners V GP, LLC--
Control Exemption--Hondo Ry., Docket No. FD 36802, for Macquarie
Infrastructure Partners V GP, LLC, on behalf of itself and its
subsidiaries--the Macquarie Infrastructure Partners V fund vehicle;
MIP V Rail, LLC; and Pinsly Railroad Company, LLC--to acquire
control of HRC.
---------------------------------------------------------------------------
According to the verified notice, HRC has operated over the Line
pursuant to a lease agreement between HRC and STLT since 2006. See
Hondo Ry.--Lease & Operation Exemption--Rail Line of S. Tex. Liquid
Terminal, Inc., FD 34901 (STB served Aug. 16, 2006).
The verified notice states that the parties have reached an
agreement pursuant to which HRC will convert its existing leasehold
interest in the Line to fee ownership. HRC states that, following
consummation of the proposed transaction, HRC will continue to operate
the Line as it has since 2006.
HRC certifies that the proposed acquisition of the Line does not
involve any interchange commitments. HRC further certifies that its
projected annual revenues as a result of this transaction will not
result in the creation of a Class II or Class I rail carrier and will
not exceed $5 million.
The effective date of the exemption will be established in a
separate decision.\2\
---------------------------------------------------------------------------
\2\ The verified notice was initially submitted on August 28,
2024. HRC filed supplements on September 10 and September 11, 2024.
September 11, 2024, therefore, is considered the filing date for the
purpose of calculating the effective date of the exemption. HRC,
however, has requested that the effective date be advanced to no
later than September 30, 2024, to avoid complications with respect
to the closing of the transaction. This request will be addressed in
a separate decision.
---------------------------------------------------------------------------
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. Petitions for stay must be filed no later than September 23,
2024.
All pleadings, referring to Docket No. FD 36803, must be filed with
the Surface Transportation Board either via e-filing on the Board's
website or in writing addressed to 395 E Street SW, Washington, DC
20423-0001. In addition, one copy of each pleading must be served on
HRC's representative, Kelvin J. Dowd, Slover & Loftus LLP, 1828 L
Street NW, Suite 1000, Washington, DC 20036.
According to HRC, this action is categorically excluded from
environmental review under 49 CFR 1105.6(c) and from historic reporting
requirements under 49 CFR 1105.8(b).
Board decisions and notices are available at <a href="http://www.stb.gov">www.stb.gov</a>.
Decided: September 16, 2024.
By the Board, Scott M. Zimmerman, Acting Director, Office of
Proceedings.
Brendetta Jones,
Clearance Clerk.
[FR Doc. 2024-21460 Filed 9-18-24; 8:45 am]
BILLING CODE 4915-01-P
</pre></body>
</html>Indexed from Federal Register on September 19, 2024.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.