Guarantee of delinquent taxes due from bankrupt railroads: hearings before the Subcommittee on Transportation and Commerce of the Committee on Interstate and Foreign Commerce, House of Representatives, Ninety-fifth Congress, first session ... September 27, 28, and October 4, 1977U.S. Government Printing Office, 1978 - 133 pages |
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20 percent 50 cents accept administrative ALTMAN assets back taxes bankrupt railroads bankruptcy bill BLANCHETTE cash payment cents Chairman claimants committee compromise ConRail corporation cost creditors Cuyahoga County delinquent taxes DICKIESON dollar fact Federal Government Federal guarantee fiscal FLORIO Franklin County full payment funds GAUL going interest issued legislation liens litigation loan Mary Rose Oakar Maybrook mayor ment MIKULSKI million municipalities Northeast OAKAR offer Ohio Onondaga County operations PELLEGRINI Penn Central notes Penn Central Railroad Penn Central Transportation Penn Central trustees Pennco plan of reorganization position principal amount priority problem property tax proposed question Rail Reorganization Act railroads in reorganization Regional Rail Reorganization reorganization court reorganization plan revenue RINEHART ROONEY school districts securities series D notes settlement SKUBITZ statement subcommittee tax claims tax liens taxes owed taxing authorities taxpayers testimony Thank tion United valuation village of Maybrook W. T. Grant
Popular passages
Page 6 - Such notes or other obligations shall bear interest at 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 of comparable maturities during the month preceding the issuance of the notes or other obligations.
Page 6 - Treasury is authorized and directed to purchase any notes and other obligations issued hereunder and for that 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 6 - All redemptions, purchases, and sales by the Secretary of the Treasury of such notes or other obligations shall be treated as public debt transactions of the United States.
Page 6 - Treasury notes or other obligations in an aggregate amount of not to exceed $100,000,000, in such forms and denominations, bearing such maturities, and subject to such terms and conditions as may be prescribed by the Secretary of the Treasury. Such notes or other obligations shall bear interest at a rate determined by the Secretary of the...
Page 45 - Oakar bill now before you is a step in the right direction. But more needs to be done. In calling on you for action, I would also point out that we "little guys...
Page 26 - And it is not a question of competition ; it is a question of treating everyone equitably.
Page 118 - Luce is chairman of the board of trustees and chief executive officer of the Consolidated Edison Co.
Page 133 - Costs within the troubled cities have risen sharply in recent years, as have costs in all large cities and indeed in state and local governments generally. Spending per capita grew 163 percent from 1962 to 1972 in all state and local governments and 198 percent in 28 big cities. (Of the 28, seven were growing, fourteen were declining, six were formerly growing and are now declining, and one, New York, was treated separately.)30 The main components of the cost increases were: • More employees —...
Page 11 - STATEMENT OF HON. RALPH REGULA, A REPRESENTATIVE IN CONGRESS FROM THE STATE OF OHIO Mr. REGULA. Thank you, Mr. Chairman. I know you are up against a time deadline, and I will be very brief.
Page 46 - Chairman, to any questions you or any other members of the subcommittee might have.