Rural Telephone Supplemental Financing: Hearings, Ninety-first Congress, First Session ...U.S. Government Printing Office, 1969 - 119 pages |
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Page 9
... direct 2 percent loans to qualified borrowers operating in areas with a low density of telephones . This , I would emphasize , is essential if telephone service is to be provided to subscribers in areas such as the District I represent ...
... direct 2 percent loans to qualified borrowers operating in areas with a low density of telephones . This , I would emphasize , is essential if telephone service is to be provided to subscribers in areas such as the District I represent ...
Page 14
... direct loan financing for many REA telephone com- panies for some years to come . This program is only 19 years old and the companies have not attained the degree of financial maturity found in the electric program . The following will ...
... direct loan financing for many REA telephone com- panies for some years to come . This program is only 19 years old and the companies have not attained the degree of financial maturity found in the electric program . The following will ...
Page 15
... direct 2 - percent loans in the amount of $ 125 million will scarcely meet 38 percent of the $ 325 million need mentioned heretofore . In our judgment all of this money will be needed for 2 - percent direct loans . What about direct ...
... direct 2 - percent loans in the amount of $ 125 million will scarcely meet 38 percent of the $ 325 million need mentioned heretofore . In our judgment all of this money will be needed for 2 - percent direct loans . What about direct ...
Page 26
... direct appropriations from the Congress . So you see , we are like the boy who tried to climb out of the well , advancing 1 foot every day and falling back 2 feet every night . Unhappily the REA - financed companies have found it ...
... direct appropriations from the Congress . So you see , we are like the boy who tried to climb out of the well , advancing 1 foot every day and falling back 2 feet every night . Unhappily the REA - financed companies have found it ...
Page 27
... direct appropriations and remove an economically unconscionable situation where , under present law , borrowers who can afford to pay a much higher rate of interest pay only 2 percent , because that is all the law allows . Let me hasten ...
... direct appropriations and remove an economically unconscionable situation where , under present law , borrowers who can afford to pay a much higher rate of interest pay only 2 percent , because that is all the law allows . Let me hasten ...
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Expressions et termes fréquents
2-percent money 90th Congress ABERNETHY Admiral Mott amendment amount Arkansas bank loans BELCHER BURLISON CHAIRMAN Class A stock CONGRESS THE LIBRARY Congressman corporation cost of money debentures Edison Electric Institute eight-party entities Farm Credit Farm Credit Administration farm credit system Federal Fullarton funds going GOODLING Government HAMIL HARRIS hearings independent telephone interest rate intermediate loan investment KLEPPE legislation LIBRARY OF CONGRESS loan applications LYNN operation percent PETERSON Poage present President Public Service Commission question RARICK REA Administrator REA borrowers REA telephone borrowers REA telephone program rural America rural areas Rural Electrification Act Rural Electrification Administration rural telephone account Rural Telephone Bank rural telephone program rural telephone service rural telephone systems section 201 statement subscribers subsidy supplemental financing TEAGUE tele Telephone Bank Board telephone cooperatives telephone service testimony Thank tion Treasury United utilities vote ZWACH
Fréquemment cités
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 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 47 - The CHAIRMAN. Are there any other questions? If not we are very much obliged to you, Doctor.
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 7 - ... nor shall such loan be made in any State which now has or may hereafter have a State regulatory body having authority to regulate telephone service and to require certificates of convenience and necessity to the applicant unless such certificate from such agency is first obtained.
Page 10 - Congress that adequate telephone service be made generally available in rural areas, through the improvement and expansion of existing telephone facilities and the construction and operation of such additional facilities as are required to assure the availability of adequate telephone service to the widest practicable number of rural users of such service.
Page 8 - In the case of liquidation or dissolution of the telephone bank, after the payment or retirement, as the case may be. first, of all liabilities: second, of all class A stock at par: third, of all class B stock at par: fourth, of all class...
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" in the first sentence and also immediately after the word "areas" in the first proviso of the second sentence.
Page 5 - Provided, That the minimum amount of class A stock that shall be retired each year after said date and after the amount of class A and class B stock issued totals $400,000,000, shall equal the amount of class B stock sold by the telephone bank during such year.
Page 5 - ... 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...