Rural Electric and Rural Telephone Supplemental Financing: Hearings, Ninetieth Congress, First Session ...U.S. Government Printing Office, 1967 - 666 pages |
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Page 17
... demands in their service areas . These demands , it is estimated , will almost triple in the next 15 years . REA telephone borrowers , which received loans of $ 1.3 billion since incep- tion of the program in 1949 , are estimated to ...
... demands in their service areas . These demands , it is estimated , will almost triple in the next 15 years . REA telephone borrowers , which received loans of $ 1.3 billion since incep- tion of the program in 1949 , are estimated to ...
Page 22
... demands on them continue to expand . I would like to take a little time to state the reasons why this legisla- tion is needed and to point out some of the restrictions and safeguards that have been put into it . While I shall speak in ...
... demands on them continue to expand . I would like to take a little time to state the reasons why this legisla- tion is needed and to point out some of the restrictions and safeguards that have been put into it . While I shall speak in ...
Page 23
... demands for modern communications service in their areas . With the diverse demands upon the Federal Treasury , it is impera- tive that new and additional sources of capital funds , at usable interest rates , be developed to meet the ...
... demands for modern communications service in their areas . With the diverse demands upon the Federal Treasury , it is impera- tive that new and additional sources of capital funds , at usable interest rates , be developed to meet the ...
Page 28
... demands for service from new consumers but also pressures from all consumers for quality service at rates that reflect the application of the new technologies . All this is going to take greater capital investment in rural electric and ...
... demands for service from new consumers but also pressures from all consumers for quality service at rates that reflect the application of the new technologies . All this is going to take greater capital investment in rural electric and ...
Page 32
... demands of the REA programs on the Federal budget . It will provide a diversity of financing which can be administered to match the diverse needs of borrowers . I thank you , Mr. Chairman and the committee , for this opportunity to make ...
... demands of the REA programs on the Federal budget . It will provide a diversity of financing which can be administered to match the diverse needs of borrowers . I thank you , Mr. Chairman and the committee , for this opportunity to make ...
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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 |
Expressions et termes fréquents
89th Congress additional adequate Agriculture Alabama G Alabama Power Company amount annual average believe bill Board of Directors Chairman Committee Congress Congressional construction consumers continue cost County REMC customers distribution cooperatives elec Electric Cooperative Association Electric Credit System Electric Membership Corporation electric power electric service electric utilities existing expansion farm Federal Electric Bank future growth capital Illinois increase Indiana industry insured loan program interest rate investment investor-owned utilities Iowa kilowatt kilowatt-hours legislation loan funds MANAGER meet mile of line million NRECA operating percent plant Poage Power Cooperative power supply present President proposed purpose REA borrowers REA loan 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 statement subsidy supplemental financing suppliers telephone bank tion tives transmission facilities Treasury Whereas wholesale power
Fréquemment cités
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 11 - 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 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...