VI. Environmental Assessment

The transfer of control proposed by applicants constitutes a "project" under California Environmental Quality Act (CEQA), Pub. Resources Code §§ 21000 et seq. Since it can be seen with certainty that no significant effect on the environment could result from our granting the authorization, the proposed project itself qualifies for an exemption from CEQA pursuant to § 15061(b)(3) of the CEQA Guidelines. No further Commission environmental review is required.