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 8
... means of achieving a reasonable and logical adjustment of the service areas of the bor- rower and another electric supplier : and that in the case of any such loan for the construction , improvement , expansion , or operation of ...
... means of achieving a reasonable and logical adjustment of the service areas of the bor- rower and another electric supplier : and that in the case of any such loan for the construction , improvement , expansion , or operation of ...
Page 17
... means of obtaining the additional capital needed to meet their future requirements . It is estimated that REA electric borrowers will in the next 15 years need more than $ 8 billion in capital - more than twice the amount they borrowed ...
... means of obtaining the additional capital needed to meet their future requirements . It is estimated that REA electric borrowers will in the next 15 years need more than $ 8 billion in capital - more than twice the amount they borrowed ...
Page 23
... means of supplying these funds . Modeled after the farm credit system , which has stood the test of time and changing agricultural and economic conditions , it establishes an electric bank and a telephone bank through which funds are ...
... means of supplying these funds . Modeled after the farm credit system , which has stood the test of time and changing agricultural and economic conditions , it establishes an electric bank and a telephone bank through which funds are ...
Page 24
... means to assure its consumers an adequate , dependable , reasonably priced power supply , by the construction of its own bulk power supply facilities if necessary , it cannot function effectively . With respect to bank loans for ...
... means to assure its consumers an adequate , dependable , reasonably priced power supply , by the construction of its own bulk power supply facilities if necessary , it cannot function effectively . With respect to bank loans for ...
Page 29
... means of supplying these mounting needs through private investment . But the problem does not stop there . There are special aspects to the problem of rural electric and telephone service which made an REA program necessary in the first ...
... means of supplying these mounting needs through private investment . But the problem does not stop there . There are special aspects to the problem of rural electric and telephone service which made an REA program necessary in the first ...
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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...