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 15
It appears that the 1969 appropriation for 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
...
It appears that the 1969 appropriation for 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
...
Page 39
As I see it from the testimony we have already had and that we had in the past , it
is impossible to maintain the standard of rural phones — to move them along like
we move along the rest of the phones of the Nation on $ 125 - million - a - year ...
As I see it from the testimony we have already had and that we had in the past , it
is impossible to maintain the standard of rural phones — to move them along like
we move along the rest of the phones of the Nation on $ 125 - million - a - year ...
Page 43
Then , could not it total about $ 8 or $ 9 million , $ 800 or $ 900 million being
loaned out rather than a $ 125 million ? The CHAIRMAN . Well , there is a limit of
$ 50 million a year that can be put into this bank by the Government . Mr. MIZELL
.
Then , could not it total about $ 8 or $ 9 million , $ 800 or $ 900 million being
loaned out rather than a $ 125 million ? The CHAIRMAN . Well , there is a limit of
$ 50 million a year that can be put into this bank by the Government . Mr. MIZELL
.
Page 102
Stock held by the United States (Class A) will be retired by the bank as soon as
practicable after June 30, 1984, with provision for mandatory minimum
retirements after Class A and B stock of the bank reach $400 million. Class A
stock will be ...
Stock held by the United States (Class A) will be retired by the bank as soon as
practicable after June 30, 1984, with provision for mandatory minimum
retirements after Class A and B stock of the bank reach $400 million. Class A
stock will be ...
Page 113
Mr. Hamil , awhile ago my good friend from Pennsylvania here indicated that we
are going to put $ 300 million in this bank at 2 - percent money . Well , the
limitation in the bill is $ 30 million a year , and we are now loaning at $ 125
million a ...
Mr. Hamil , awhile ago my good friend from Pennsylvania here indicated that we
are going to put $ 300 million in this bank at 2 - percent money . Well , the
limitation in the bill is $ 30 million a year , and we are now loaning at $ 125
million a ...
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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 |