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, 19691969 - 119 pages |
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Page 9
... represent no bonanza for borrowers . " 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 ...
... represent no bonanza for borrowers . " 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 ...
Page 18
... represent are not proposing that the telephone bank , should Congress approve it , be a substitute for the present 2 - percent loan program , but that it be an additional program , something extra ? Is that correct ? Mr. PETERSON . That ...
... represent are not proposing that the telephone bank , should Congress approve it , be a substitute for the present 2 - percent loan program , but that it be an additional program , something extra ? Is that correct ? Mr. PETERSON . That ...
Page 38
... represent all the United States- there has been only a 3 - percent increase in gross income . Mr. BELCHER . The way that you are going to get at it is through the banks . Those people in York would have to go to the banks . The CHAIRMAN ...
... represent all the United States- there has been only a 3 - percent increase in gross income . Mr. BELCHER . The way that you are going to get at it is through the banks . Those people in York would have to go to the banks . The CHAIRMAN ...
Page 52
... represent legislation that is not only in the best interests of rural America , but of the Nation at large . I have said this before . Maybe it is appropriate that I say it again . When you put a telephone in a rural area , you have ...
... represent legislation that is not only in the best interests of rural America , but of the Nation at large . I have said this before . Maybe it is appropriate that I say it again . When you put a telephone in a rural area , you have ...
Page 69
... represent the power companies . Therefore , I assume that your interest is as to what this bill might do to the power companies . You will agree that is why the Electric Insti- tute paid your way up here , is it not ? They did not pay ...
... represent the power companies . Therefore , I assume that your interest is as to what this bill might do to the power companies . You will agree that is why the Electric Insti- tute paid your way up here , is it not ? They did not pay ...
Expressions et termes fréquents
2-percent money 90th Congress ABERNETHY Admiral Mott amendment amount Arkansas bank loans BELCHER BURLISON CHAIRMAN Class A stock co-ops Congress Congressman corporation cost of money debentures directors 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 loan applications LYNN O'Konski operation panies percent PETERSON Poage present President Public Service Commission question RARICK REA Administrator REA borrowers REA telephone borrowers REA telephone program represent 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 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...