Oversight of the Rural Telephone Bank: Hearing Before a Subcommittee of the Committee on Government Operations, House of Representatives, One Hundredth Congress, Second Session, December 7, 1988U.S. Government Printing Office, 1989 - 58 pages |
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51 percent Acting Governor action taken administration adviser advisor to develop Agriculture AMORY HOUGHTON appointed members approval asking August authority Board of Directors borrowers BUSTAMANTE Chairman class A stock COMMITTEE ON GOVERNMENT Congress Congressman contract cost decision DENNIS HASTERT develop a plan Directors meeting discussion EDOLPHUS TOWNS elected board members elected directors elected members established Farm Credit System Federal financial advisor FRANK HORTON GLENN ENGLISH going hearing hire a financial intent interest rate issue Jack Van Mark legal opinion legislation loan matter MCCANDLESS National Telephone Cooperative Naylor NEWLY ELECTED BOARD objections October 26 Performance Work Statement plan to privatize preliminary agenda Presidential appointees privatization plan privatize the bank question REA Act refinancing require reserves retired RTB BOARD Rural Electrification Act Rural Telephone Bank Salomon Brothers September 30 staff subcommittee Telephone Bank Board Telephone Cooperative Association testimony Thank things vote
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Page 15 - ... are not guaranteed by the United States and do not constitute a debt or obligation of the United States or of any agency or instrumentality thereof other than the corporation.
Page 34 - ... (c) Class A stock shall be issued only to the Administrator of the Rural Electrification Administration on behalf of the United States in exchange for capital furnished to the telephone bank pursuant to subsection (a), and such class A stock shall be redeemed and retired by the telephone bank as soon as practicable after June 30? 1985, but not to the extent that the Telephone Bank Board determines that such retirement will impair the operations of the telephone bank...
Page 15 - When all class A stock has been fully redeemed and retired, loans? made by the telephone bank shall not continue to be subject to the restrictions prescribed in the provisos to section 408 (a) (2). "(c.) Congress reserves the right to review the continued operations of the telephone bank after all class A stock has been fully redeemed and retired.
Page 7 - English, as chairman of the Government Information, Justice and Agriculture Subcommittee of the House Committee on Government Operations, called a special hearing of his own on April 26, 1986.
Page 17 - Section 8(a)(2) of this Order, refrain from publishing its final Regulatory Impact Analysis or final rule until the agency has responded to the Director's views, and incorporated those views and the agency's response in the rulemaking file. (3) Nothing in this subsection shall be construed as displacing the agencies' responsibilities delegated by law.
Page 4 - Mr. McCandless. Mr. McCANDLESS. Thank you, Mr. Chairman. I have no opening statement...
Page 35 - I appreciate your testimony, it has been very helpful to us and we do share your concern about this problem.
Page 14 - Advisors, the Office of Management and Budget, the Treasury Department, and the Federal Reserve Board.
Page 36 - With the legislative changes that were passed in the Omnibus Budget Reconciliation Act of 1987, that you alluded to previously, Mr.