STATE OF ARKANSAS
|IN THE MATTER OF||ORDER EXTENDING|
|CHURCH EXTENSION PLAN-||EXEMPTION PERIOD|
|PARTNERS PLUS INVESTMENTS|
|CHURCH CERTIFICATES||ORDER NO. 98-005-S|
FINDINGS OF FACT
By letter dated January 28, 1998, Church Extension Plan Partners Plus Investments Church Certificates submitted a proof of exemption filing for an offering of certain securities pursuant to Ark. Code Ann. Section 23-42-503(a)(7) of the Arkansas Securities Act (the "Act").
All documents, information and fees required to complete said proof of exemption filing were submitted and the effective date of the exemption was January 30,1998.
Church Extension Plan - Partners Plus Investments Church Certificates has requested that the period of exemption be extended for a period of five years from the date of effectiveness.
CONCLUSIONS OF LAW
Section 23-42-503(d)(3) of the Act provides that the Commissioner may by order extend the period of effectiveness of an exemption filing for a time not to exceed five years.
All documents, information and fees necessary to claim an exemption pursuant to Section 23-42-503(a)(7) of the Act were filed with the Department, and it appears that no public interest would be served by requiring Church Extension Plan - Partners Plus Investment Church Certificates to make the same exemption filing each year provided no change in the offering is made, and such repeated filing is not necessary for the protection of investors.
IT IS THEREFORE ORDERED that the period of effectiveness for the proof of exemption filed by Church Extension Plan - Partners Plus Investment Church Certificates is hereby extended for a period of five years from January 30, 1998.
WITNESS MY HAND AND SEAL this 2nd day of February, 1998.