# 2025-00810: Boilermakers Get Special Deal to Buy Property From Themselves

2025-00810, Exemption From Certain Prohibited Transaction Restrictions Involving Boilermakers Western States Apprenticeship Fund, Located in Page, Arizona, is a Federal Register notice from an unnamed agency published 2025-01-15, effective 2025-01-15 (as of 2026-06-08).

- Canonical: https://policyrisk.com/federal-register/2025-00810
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2025-00810
- Title: Exemption From Certain Prohibited Transaction Restrictions Involving Boilermakers Western States Apprenticeship Fund, Located in Page, Arizona
- Type: Notice
- Agencies: unknown
- Citation: unknown
- Published: 2025-01-15
- Effective: 2025-01-15
- Comments close: not stated
- Significant: no
- Touches household money: no
- Regulation identifier numbers: none
- Last updated: 2026-06-08

## In one line

Boilermakers Get Special Deal to Buy Property From Themselves

## Summary

The Boilermakers Western States Apprenticeship Fund in Page, Arizona, got special permission to buy property from their own union lodge, even though rules usually say they can’t. This deal, effective January 15, 2025, helps the Fund save time and money by keeping their training program right where it is. It’s a win for the apprentices and the union members involved!

## Abstract

This document gives notice of an individual exemption from certain prohibited transaction restrictions of the Employee Retirement Income Security Act of 1974 (ERISA). The exemption permits the purchase of a parcel of improved real property (the Property) by the Boilermakers Western States Apprenticeship Fund (the Plan or Applicant) from the "Navajo Nation" Lodge 4 of the International Brotherhood of Boilermakers, Iron Ship Builders, Blacksmith, Forgers, and Helpers (Lodge 4) whose members may be participants in the Plan.

## Effects PRIA read

- Keeps Apprenticeship Training Open: benefit, medium. The Department of Labor exempted the Boilermakers Western States Apprenticeship Fund to buy the training property in Page, Arizona so the apprenticeship program can stay at that site. The exemption is effective January 15, 2025, and the Plan says it owns about $600,000 in training equipment (includ…
- Mortgage and Financing Limits Set: benefit, medium. If the Plan finances the purchase, any mortgage must be from an independent third-party bank (not a party in interest), the loan collateral is limited to a first mortgage lien and assignment of lease and rents, and monthly mortgage payments may not exceed $10,000. These financing rules apply under…
- Price Cap and Cost-Sharing Conditions: cost, medium. Under the exemption, the Plan will pay the lesser of $920,000 (the April 1, 2021 appraisal) or an updated appraised fair market value determined on the purchase date, and the updated appraisal must be provided within 30 days before closing. Lodge 4 and the Plan must each pay half of the exemption-r…

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## Sources
- [2025-00810 on federalregister.gov](https://www.federalregister.gov/documents/2025/01/15/2025-00810/exemption-from-certain-prohibited-transaction-restrictions-involving-boilermakers-western-states)
- [2025-00810 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-01-15/pdf/2025-00810.pdf)

## Related
- [Previous: 2025-00809, Agency Information Collection Activities; Submission for OMB Review; Comment Re…](https://policyrisk.com/federal-register/2025-00809)
- [Next: 2025-00811, Request for Information Regarding the Collection, Use, and Monetization of Cons…](https://policyrisk.com/federal-register/2025-00811)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2025-00810 (as of 2026-06-08).