National Highway Program: Hearings Before the Committee on Public Works, House of Representatives, Eighty-fourth Congress, First Session, on H. R. 4260, to Create a Federal Highway Corporation for Financing the Construction of the National System of Interstate Highways; to Amend and Supplement the Federal-aid Road Act Approved July 11, 1916 (39 Stat. 355), as Amended and Supplemented; and for Other Purposes ...U.S. Government Printing Office, 1955 - 1339 pages |
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Page 24
... percent , and they would presumably sell at about a 3 - percent yield . You would simply have to add up the amount of interest year by year that might be paid . Areyou coming to the question of how much total interest is involved over ...
... percent , and they would presumably sell at about a 3 - percent yield . You would simply have to add up the amount of interest year by year that might be paid . Areyou coming to the question of how much total interest is involved over ...
Page 27
... percent of it on highways . Mr. SMITH . I do not contend it has . In fact , I think we are not spending enough now ... percent justified . I think that is about what would be paid here . The Federal Government would pay 90 to 95 percent ...
... percent of it on highways . Mr. SMITH . I do not contend it has . In fact , I think we are not spending enough now ... percent justified . I think that is about what would be paid here . The Federal Government would pay 90 to 95 percent ...
Page 42
... percent . The market is 100.03 . If you borrowed on national credit the difference would be the saving between 100.03 and the rate at which these bonds are sold . Mr. BURNSIDE . It would be at least a quarter of a percent saving ? Mr ...
... percent . The market is 100.03 . If you borrowed on national credit the difference would be the saving between 100.03 and the rate at which these bonds are sold . Mr. BURNSIDE . It would be at least a quarter of a percent saving ? Mr ...
Page 44
... percent of what ? Mr. JONES . What percent of the total expenditures on roads are used for maintenance ? What percentage of the total figure ? Secretary WEEKS . We do not have that figure . I think we can get it . Mr. DU PONT . We can ...
... percent of what ? Mr. JONES . What percent of the total expenditures on roads are used for maintenance ? What percentage of the total figure ? Secretary WEEKS . We do not have that figure . I think we can get it . Mr. DU PONT . We can ...
Page 62
... Percent of 1956 Amount Amount Percent of 1956 appor- tionment Alabama .. Arizona Arkansas .. California . Colorado . Connecticut . Delaware .. Florida . $ 6,738,800.00 4,723,075.00 5,257,058.00 14,495 , 550.00 5,682 , 364.00 2,047 ...
... Percent of 1956 Amount Amount Percent of 1956 appor- tionment Alabama .. Arizona Arkansas .. California . Colorado . Connecticut . Delaware .. Florida . $ 6,738,800.00 4,723,075.00 5,257,058.00 14,495 , 550.00 5,682 , 364.00 2,047 ...
Common terms and phrases
$2 billion ALGER amount appropriations areas authorized BALDOCK basis BECKER believe bond financing bond issue BRESNAHAN build Bureau of Public cents Chairman Congress correct cost CRAMER CURTISS debt defense DEMPSEY DONDERO DU PONT estimated expenditures FALLON Federal aid Federal Government Federal Highway Federal-aid highway financing fiscal fuel tax funds gas tax gasoline tax gentleman GENTRY going Gore bill GORMAN Governor HARPER highway departments highway program highway system increase Interstate Highway System Interstate Highways Interstate System Jersey Turnpike JONES legislation MACHROWICZ matching Mayor McGREGOR ment mileage miles obligations Pennsylvania Turnpike percent period PONT present primary and secondary primary system problem projects proposed Public Roads question recommended reimbursement revenue right-of-way ROGERS SCHERER SCHWENGEL SCUDDER Secretary HUMPHREY Secretary WEEKS SEEGMILLER SMITH standards statement Thank thing tion toll roads traffic Treasury TRIGGS trucks urban vehicles YOUNT
Popular passages
Page 4 - The Secretary of the Treasury is authorized and directed to purchase any notes and other obligations to be issued hereunder and for such purpose he is authorized to use as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act...
Page 604 - Such investments may be made only in interest-bearing obligations of the United States or in obligations guaranteed as to both principal and interest by the United States.
Page 9 - Individuals so employed may be compensated at rates not in excess of $50 per diem and while away from their homes or regular places of business they may be allowed transportation and not to exceed $15 per diem in lieu of subsistence and other expenses while so employed.
Page 3 - Act of 1949, of such officers, attorneys, and employees as may be necessary for the conduct of its business, define their authority and duties, delegate to them such of the powers vested in the Corporation as the...
Page 4 - Treasury, taking into consideration the current average rate on outstanding marketable obligations of the United States as of the last day of the month preceding the issuance of the obligation of the bank.
Page 2 - That the management of the Corporation shall be vested in a board of directors, consisting of...
Page 3 - ... to be redeemable at the option of the corporation before maturity in such manner as may be stipulated in such obligations...
Page 4 - The annual billings shall also include a statement of the fair portion of the cost of the administration of the respective funds, which shall be paid by...
Page 524 - The roads are more destroyed really by climatic and soil conditions than they are by any use that is made of them by the public.
Page 616 - The nation, speaking broadly, owes a 'debt' to an individual when his claim grows out of general principles of right and justice ; when, in other words, it is based upon considerations of a moral or merely honorary nature, such as are binding on the conscience or the honor of an individual, although the debt could obtain no recognition in a court of law.