Rural Telephone Supplemental Financing: Hearings, Ninetieth Congress, First Session, on H. R. 12066. August 23 and 24, 1967

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U.S. Government Printing Office, 1967 - 77 pages
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Page 6 - States, and such guaranty shall be expressed on the face thereof, and such bonds shall be lawful investments, and may be accepted as security for all fiduciary, trust, and public funds, the investment or deposit of which shall be under the authority or control of the United States or any officer or officers thereof.
Page 6 - Interest on loans made under this section shall be at a rate not less than (i) a rate determined by the Secretary of the Treasury taking into consideration the current average market yield on outstanding marketable obligations of the United States with remaining periods to maturity comparable to the average maturities of such loans adjusted to the nearest one-eighth of 1 per centum, plus (ii) an allowance adequate in the judgment of the Secretary of Transportation to cover administrative costs and...
Page 59 - The PRESIDENT, The White House, Washington, DC DEAR MR. PRESIDENT : I am...
Page 3 - States in collecting debts from bankrupt, insolvent, or decedents' estates; to determine the character of and the necessity for its obligations and expenditures, and the manner in which they shall be incurred, allowed, and paid...
Page 8 - Act of 1936, as amended, is repealed. (b) Section 201 of the Rural Electrification Act of 1936, as amended, is amended by inserting ", to public bodies now providing telephone service in rural areas", immediately after the word "areas...
Page 6 - The Corporation, including its franchise, its capital, reserves, and surplus, and its income shall be exempt from all taxation now or hereafter imposed by the United States, by any Territory, dependency, or possession thereof, or by any State, county, municipality, or local taxing authority...
Page 4 - The telephone bank's capital shall consist of capital subscribed by the United States, by borrowers from the telephone bank, by corporations and public bodies eligible to become borrowers from the telephone bank, and by organizations controlled by such borrowers, corporations, and public bodies. Beginning with the fiscal year...
Page 1 - Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled. That it is hereby declared to be the policy of the Congress...
Page 3 - Rico, or with any political subdivision thereof, or with any person, firm, association, or corporation ; to execute, in accordance with its bylaws, all instruments necessary or appropriate in the exercise of any of its powers...
Page 3 - States in the payment of debts out of bankrupt, insolvent, and decedents' estates; (b) in order to perform its responsibilities under this title, the telephone bank may partially or jointly utilize the facilities and the services of employees of the [Rural Electrification Administration or of any other agency of the Department of Agriculture,!

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