Rural Electric and Rural Telephone Supplemental Financing: Hearings Before ..., 90-1 on H.R. 1400, H.R. 1401, H.R. 1402, H.R. 3121 ..., March 21 ... April 13, 19671967 - 666 pages |
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Page 5
... continue to serve after the ex- piration of the term for which he is elected until his successor has been elected and has qualified . Electric Bank Board members , designated from the general public , pursuant to subsection ( b ) , or ...
... continue to serve after the ex- piration of the term for which he is elected until his successor has been elected and has qualified . Electric Bank Board members , designated from the general public , pursuant to subsection ( b ) , or ...
Page 9
... continue in existence in perpetuity as an instrumentality of the United States and as a banking corporation with all of the powers and limitations conferred or imposed by this title IV except such as shall have lapsed pursuant to the ...
... continue in existence in perpetuity as an instrumentality of the United States and as a banking corporation with all of the powers and limitations conferred or imposed by this title IV except such as shall have lapsed pursuant to the ...
Page 19
... continue to be exercised on behalf of the United States with respect to the electric bank ; " Page 50 , line 23 , section 610 ( a ) ( 3 ) , strike the word " and " and insert after the semicolon- " Provided , that at least 19 months ...
... continue to be exercised on behalf of the United States with respect to the electric bank ; " Page 50 , line 23 , section 610 ( a ) ( 3 ) , strike the word " and " and insert after the semicolon- " Provided , that at least 19 months ...
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... continue to be prescribed by the Congress in annual appropriation acts . Congress is also given an annual control over the amount of bank capital the Government may subscribe . This , of course , has a limiting effect on the volume of ...
... continue to be prescribed by the Congress in annual appropriation acts . Congress is also given an annual control over the amount of bank capital the Government may subscribe . This , of course , has a limiting effect on the volume of ...
Page 33
... continue with my statement , please . The power companies , private power companies , who will be heard tomorrow will have the same amount of time they will be given ex- actly the same amount of time that the Government witnesses and ...
... continue with my statement , please . The power companies , private power companies , who will be heard tomorrow will have the same amount of time they will be given ex- actly the same amount of time that the Government witnesses and ...
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Autres éditions - Tout afficher
Rural Electric and Rural Telephone Supplemental Financing: Hearings ... United States. Congress. House. Committee on Agriculture Affichage du livre entier - 1967 |
Rural Electric and Rural Telephone Supplemental Financing: Hearings ... United States. Congress. House. Committee on Agriculture Affichage du livre entier - 1967 |
Expressions et termes fréquents
89th Congress ABERNETHY additional adequate Agriculture Alabama Alabama Power Company amount annual average believe bill Board of Directors CHAIRMAN Committee Congress Congressional consumers continue cost customers distribution cooperatives elec Electric Cooperative Association Electric Credit System Electric Membership Corporation electric power electric service electric utilities farm Farm Credit System farmers Federal Electric Bank future growth capital Illinois increase industry interest rate investment investor-owned utilities kilowatt kilowatt-hours legislation loan funds MANAGER meet mile of line million NRECA operating percent plant power companies Power Cooperative power supply present President proposed REA borrowers REA loan REMC requirements revenue rural America rural areas rural electric cooperatives Rural Electric Credit rural electric systems Rural Electrification Act Rural Electrification Administration rural electrification program serve service area South Carolina statement subsidy supplemental financing suppliers telephone bank tion transmission facilities Treasury Whereas wholesale power
Fréquemment cités
Page 200 - ... utility districts and cooperative, nonprofit, or limited-dividend associations organized under the laws of any State or Territory of the United States, for the purpose of financing the construction and operation of generating plants, electric transmission and distribution lines or systems for the furnishing of electric energy to persons in rural areas who are not receiving central station service...
Page 3 - 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 3 - The Secretary of the Treasury is authorized and directed to purchase any notes Issued by the telephone bank pursuant to this subsection (b) and for such purchases may use as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act, as...
Page 7 - 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 4 - 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 24 - Mr. Chairman and members of the committee, I deeply appreciate this opportunity to...
Page 11 - ... greater than the borrower's existing system at the time it receives its first loan from the telephone bank, taking into account the number of subscribers served, miles of line, and: plant investment. "(b) Loans under this section shall be on such terms and conditions...
Page xii - Act. which shall be paid into and be assets of the rural electrification account ; "(4) all appropriations for electrification loans made under the authority of section 3 of this Act and funds obtained in accordance therewith and the unexpended balances of any funds available on the effective date of this title for electrification loans under sections 4 and 5 of this Act, including any funds made available for electrification loans under the item 'Rural Electrification Administration...
Page xiii - ... (b) The assets of the rural telephone account shall be available for the following purposes: "(1) loans under section 201 of this Act and for advances in connection therewith, except that no such loans shall be made in any year in excess of the amounts previously authorized therefor in appropriation acts for such year or available pursuant to section 3 of this Act...
Page xii - Be it enacted by the Senate and House of Representatives of the United Statet of America in Congress assembled, That it is hereby declared to be the policy of...