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2010-09-23
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Notice of Proposed Individual Exemption to Amend and Replace Prohibited Transaction Exemption (PTE) 85-131, Involving the Watkins Master Trust (the Trust), Located in Atlanta, GA
Notices
D09002ee1bdee0a65
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United States
Department of Labor
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United States Government Agency or Subagency
United States
Pension and Welfare Benefits Administration
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United States Government Agency or Subagency
This document contains a notice of pendency before the Department of Labor (the Department) of a proposed exemption which, if granted, would amend and replace PTE 85-131 (50 FR 32333, August 9, 1985). PTE 85-131 is an individual exemption providing relief, since March 29, 1985, for (1) the leasing of certain improved real property by the Trust to Watkins Associated Industries, Inc. (Watkins), a party in interest with respect to the plans (the Plans) participating in the Trust under the terms of a written lease (the New Lease); and (2) the possible cash purchase of the Trust's interest in the property by Watkins. If granted, the proposed exemption would modify an option to purchase provision in the New Lease by allowing Watkins to acquire the Trust's leasehold interests in a building (the Building), the improvements (the Improvements) constructed thereon, and in a ground lease (the Ground Lease) on May 8, 2002, instead of at the end of New Lease renewal term on December 31, 2008. In addition, the proposed exemption would replace PTE 85-131, which expired by operation of law upon the consummation of the sale. If granted, the proposed exemption would affect participants and beneficiaries of, and fiduciaries with respect to the Trust.
67 FR 41517
https://www.govinfo.gov/app/details/FR-2002-06-18/02-15318
02-15318
fr18jn02-112
4510-29-P
Application No. D-11036
https://www.govinfo.gov/app/details/FR-2002-06-18/02-15318
https://www.govinfo.gov/content/pkg/FR-2002-06-18/html/02-15318.htm
https://www.govinfo.gov/content/pkg/FR-2002-06-18/pdf/02-15318.pdf
5 p.
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67 FR 41517
Notice of Proposed Individual Exemption to Amend and Replace Prohibited Transaction Exemption (PTE) 85-131, Involving the Watkins Master Trust (the Trust), Located in Atlanta, GA; Federal Register Vol. 67, Issue
NOTICE
02-15318
DEPARTMENT OF LABOR
Pension and Welfare Benefits Administration
2002-08-02
Application No. D-11036
4510-29-P
02-15318
Notice of proposed individual exemption to modify and replace PTE 85-131.
This document contains a notice of pendency before the Department of Labor (the Department) of a proposed exemption which, if granted, would amend and replace PTE 85-131 (50 FR 32333, August 9, 1985). PTE 85-131 is an individual exemption providing relief, since March 29, 1985, for (1) the leasing of certain improved real property by the Trust to Watkins Associated Industries, Inc. (Watkins), a party in interest with respect to the plans (the Plans) participating in the Trust under the terms of a written lease (the New Lease); and (2) the possible cash purchase of the Trust's interest in the property by Watkins. If granted, the proposed exemption would modify an option to purchase provision in the New Lease by allowing Watkins to acquire the Trust's leasehold interests in a building (the Building), the improvements (the Improvements) constructed thereon, and in a ground lease (the Ground Lease) on May 8, 2002, instead of at the end of New Lease renewal term on December 31, 2008. In addition, the proposed exemption would replace PTE 85-131, which expired by operation of law upon the consummation of the sale. If granted, the proposed exemption would affect participants and beneficiaries of, and fiduciaries with respect to the Trust.
Written comments and requests for a public hearing should be received by the Department on or before August 2, 2002.
Ms. Jan D. Broady, Office of Exemption Determinations, Pension and Welfare Benefits Administration, U.S. Department of Labor, telephone (202) 693-8556. (This is not a toll-free number.)
Employee benefit plans; prohibited transaction exemptions:
Watkins Master Trust,
moffittb@pwba.dol.gov
Federal Register
Vol. 67, no. 117
Office of the Federal Register, National Archives and Records Administration
2002-06-18
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https://www.govinfo.gov/app/details/FR-2002-06-18
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https://www.govinfo.gov/app/details/FR-2002-06-18
https://www.govinfo.gov/content/pkg/FR-2002-06-18/pdf/FR-2002-06-18.pdf
https://www.govinfo.gov/content/pkg/FR-2002-06-18/xml/FR-2002-06-18.xml
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