Rural Telephone Supplemental Financing: Hearings, Ninety-first Congress, First Session ...U.S. Government Printing Office, 1969 - 119 pages |
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Page 8
... proposal to establish a Rural Electric Bank at that same time , there appeared to be a rather broad consensus in support of the Rural Telephone Bank . Along with most of the other Members of this Committee . I supported the concept of a ...
... proposal to establish a Rural Electric Bank at that same time , there appeared to be a rather broad consensus in support of the Rural Telephone Bank . Along with most of the other Members of this Committee . I supported the concept of a ...
Page 17
... proposal . I could only point out for the committee's ap- praisal what has happened in the total REA program since its first inception , first as an REA Electric Act and , secondly , as a telephone section of the act . Whereas many ...
... proposal . I could only point out for the committee's ap- praisal what has happened in the total REA program since its first inception , first as an REA Electric Act and , secondly , as a telephone section of the act . Whereas many ...
Page 18
... proposed , there was serious doubt in the minds of quite a few people as to whether or not this was a sound proposal . Mr. ABERNETHY . But that was not the general opinion ? Mr. PETERSON . No , sir . Mr. ABERNETHY . Thank you . Mr ...
... proposed , there was serious doubt in the minds of quite a few people as to whether or not this was a sound proposal . Mr. ABERNETHY . But that was not the general opinion ? Mr. PETERSON . No , sir . Mr. ABERNETHY . Thank you . Mr ...
Page 26
... proposed by certain of our member companies , which amendments differed in some respects from the position taken by the association's board of directors . This is never a happy position for a trade association executive . But today I am ...
... proposed by certain of our member companies , which amendments differed in some respects from the position taken by the association's board of directors . This is never a happy position for a trade association executive . But today I am ...
Page 27
... propose for the consid- eration of this committee . We are , as I have already stated , a trade association and our policy on all legislative matters is set after con- sideration in depth by our board of directors . This board ...
... propose for the consid- eration of this committee . We are , as I have already stated , a trade association and our policy on all legislative matters is set after con- sideration in depth by our board of directors . This board ...
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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...