Area Assistance Act of 1956: Hearings Before ... , 84-2 on H.R. 8555, April 12 ... 26, 1956

Front Cover

From inside the book

Common terms and phrases

Popular passages

Page 95 - ... of such sound value or so secured as reasonably to assure retirement or repayment...
Page 178 - Congress hereby declares that it is the CONTINUING policy AND responsibility of the Federal Government TO USE ALL PRACTICABLE MEANS consistent with its needs and obligations and other essential considerations of national policy WITH THE ASSISTANCE AND COOPERATION OF industry, agriculture, labor, and State and local governments, TO COORDINATE AND UTILIZE ALL ITS PLANS, FUNCTIONS, AND RESOURCES FOR THE PURPOSE...
Page 6 - Act; (7) in addition to any powers, functions, privileges, and immunities otherwise vested in him, take any and all actions, including the procurement of the services of attorneys by contract, determined by him to be necessary or desirable in making, servicing, compromising, modifying, liquidating, or otherwise dealing with or realizing on loans made under the provisions of this Act; but no attorneys...
Page 4 - Director shall pay into miscellaneous receipts of the Treasury, at the close of each fiscal year, interest on the...
Page 5 - Administrator or his property ; (2) under regulations prescribed by him, assign or sell at public or private sale, or otherwise dispose of for cash or credit, in his discretion and upon such terms and conditions and for such consideration as the Administrator shall determine to be reasonable...
Page 5 - ... and to collect or compromise all obligations assigned to or held by him and all legal or equitable rights accruing to him in connection with the payment of such loans until such time as such obligations may be referred to the Attorney General for suit or collection...
Page 6 - Whoever makes any statement knowing it to be false, or whoever willfully overvalues any security, for the purpose of obtaining...
Page 4 - ... (3) the amount of the loan plus the amount of other available funds for such project are adequate to insure the completion thereof ; (4) there is a reasonable expectation of repayment ; and (5) such area has an approved economic development program as provided in section 6(b)(10) and the project for which financial assistance is sought is consistent with such program.
Page 5 - Administrator shall determine to be reasonable, any evidence of debt, contract, claim, personal property, or security assigned to or held by him in connection with the payment of...
Page 5 - ... under this Act ; (7) pursue to final collection, by way of compromise or other administrative action, prior to reference to the Attorney General, all claims against third parties assigned to him in connection with loans made under this Act.

Bibliographic information