Rural Telephone Supplemental Financing: Hearings Before ..., 91-1 on H.R. 7, H.R. 81,H.R. 4020, H.R. 4192, and H.R. 7872, February 19, 20, 21 , and March 13, 1969 |
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Page 9
The legislation does not change present authority to make 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 ...
The legislation does not change present authority to make 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 ...
Page 50
That , of course , is the objective for the telephone bank that is proposed in this
legislation . Legislation of this type is not uncomplicated , as I am sure you are
aware , and many people who are not intimately acquainted with the legislation
have ...
That , of course , is the objective for the telephone bank that is proposed in this
legislation . Legislation of this type is not uncomplicated , as I am sure you are
aware , and many people who are not intimately acquainted with the legislation
have ...
Page 51
Only one who completely misunderstood the legislation could relate subsidy to
the intermediate interest rate , because as I pointed out earlier , the Government's
cost is provided for elsewhere in the bill . I would also like to point out for the ...
Only one who completely misunderstood the legislation could relate subsidy to
the intermediate interest rate , because as I pointed out earlier , the Government's
cost is provided for elsewhere in the bill . I would also like to point out for the ...
Page 54
Enactment of this legislation will assure rural telephone systems access to
reasonable cost growth capital through private sources by establishing a
supplemental credit mechanism to which the borrower systems may turn for all or
a part of ...
Enactment of this legislation will assure rural telephone systems access to
reasonable cost growth capital through private sources by establishing a
supplemental credit mechanism to which the borrower systems may turn for all or
a part of ...
Page 57
THE NEED FOR CAPITAL FOR NEW AND SPECIAL SERVICES The National
Telephone Cooperative Association also believes very strongly that any
legislation providing supplemental and additional funds for rural telephone
systems should ...
THE NEED FOR CAPITAL FOR NEW AND SPECIAL SERVICES The National
Telephone Cooperative Association also believes very strongly that any
legislation providing supplemental and additional funds for rural telephone
systems should ...
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Expressions et termes fréquents
2-percent money able additional Administrator amendment amount appear applications appropriations areas Arkansas Association authorized Bank Board believe bill borrowers capital CHAIRMAN Commission committee Congress continue cooperatives corporation cost course direct directors electric established existing fact Farm Federal financing funds further future going GOODLING Government HAMIL HARRIS hearings improve increase industry interest intermediate investment legislation loans Lynn means meet million objection operation organizations percent present President problems proposed Public Service question REA telephone reasonable record represent Rural Electrification rural telephone Rural Telephone Bank serve statement subscribers subsidy suggested TEAGUE telephone bank telephone borrowers telephone companies telephone loan telephone program telephone service telephone systems testimony Thank thing understand United utilities vote witness
Fréquemment cités
Page 7 - 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 7 - 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 4 - ... shall be guided by the policy of making payments not in excess of the taxes which would have been payable upon such property in the condition in which it was acquired.
Page 4 - 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 11 - 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 9 - 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 - 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 - Board shall prescribe bylaws, not inconsistent with law, regulating the manner in which the telephone bank's business shall be conducted, its directors and officers elected, its stock issued, held, and disposed of, its property transferred, its bylaws amended, and the powers and privileges granted to it by law exercised and enjoyed. (h...
Page 48 - The CHAIRMAN. Are there any other questions? If not we are very much obliged to you, Doctor.
Page 6 - ... 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...
Informations bibliographiques
| Titre | Rural Telephone Supplemental Financing: Hearings Before ..., 91-1 on H.R. 7, H.R. 81,H.R. 4020, H.R. 4192, and H.R. 7872, February 19, 20, 21 , and March 13, 1969 |
| Auteur | United States. Congress. House. Committee on Agriculture |
| Publié | 1969 |
| Longueur | 119 pages |
| Exporter la citation | BiBTeX EndNote RefMan |