Rural Electric and Rural Telephone Supplemental Financing: Hearings, Ninetieth Congress, First Session on H.R. 1400, H.R. 1401, H.R. 1402, H.R. 3121, H.R. 3314, H.R. 6026, and H.R. 7306, March 21, 22, 23, April 4, 5, 6, 11, 12, and 13, 1967
U.S. Government Printing Office, 1967 - 666 pages
Avis des internautes - Rédiger un commentaire
Aucun commentaire n'a été trouvé aux emplacements habituels.
Autres éditions - Tout afficher
able additional adequate Administration Agriculture amount annual appropriate Association authorized average believe bill Board borrowers capital central CHAIRMAN cities Class co-ops committee Congress construction consumers continue Corporation cost County customers demands dependable Directors distribution electric bank electric power electric service Electrification established existing expansion facilities farm farmers Federal funds further future going Government growth hearings House increase industry interest investment investor-owned legislation less limited lines loan loan program MANAGER means meet Membership mile million necessary objective obtain operation organization percent period plant power companies present President problem proposed question reasonable received record Representatives requirements result rural areas rural electric cooperatives rural electric systems serve statement supplemental financing supply telephone tion transmission Treasury United utilities
Page 212 - ... 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 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 15 - 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 28 - Mr. Chairman and members of the committee, I deeply appreciate this opportunity to...
Page 14 - ... is authorized to use as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act, as amended, and the purposes for which securities may be issued under such Act, as amended, are extended to include any purchases of such notes and obligations.
Page 7 - Secretary issued hereunder, and for that purpose the Secretary of the Treasury is authorized to use as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act, as amended, and the purposes for which such securities may be issued under such Act, as amended, are extended to include the purchase of notes issued by the Secretary.
Page 15 - No loan shall be made in any State which now has or may hereafter have a State regulatory body having authority to regulate telephone service and to require certificates of convenience and necessity to the applicant unless such certificate from such agency is first obtained.
Page 18 - Government; and (5) shall cause to be maintained an integral set of accounts which shall be audited by the General Accounting Office in accordance with principles and procedures applicable to commercial corporate transactions as provided by the Government Corporation Control Act, as amended (31 USC 841 et seq.).
Page 2 - 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...