Community Facilities Act of 1959: Hearings ... 85th Congress, 2nd Session on S. 3497, a Bill to Expand the Public Facility Loan Program of the Community Facilities Administration of the House and Home Finance Agency, and for Other Purposes. March 19-26, 1958U.S. Government Printing Office, 1958 - 214 pages Considers legislation to expand and revise public facilities loan program. |
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Common terms and phrases
additional American Hospital Association American Municipal Association amount approved areas Arkansas authorized BIEMILLER bill bond buyers bond issue borrowing building CALVERT CHAIRMAN cities Clinton River committee Community Facilities Act Community Facilities Administration Congress construction of public County School District debt limit drain commissioner economic employment Estimated cost Estimated facilities loan program February of 1958 Federal Government Fulbright grants HAZELTINE HEALY Home Finance Agency hospitals Housing and Home Indebtedness Independent School District interest rate January and February Land tion legislation March March 24 ment million months municipal bonds Municipal League N. A. Jan Oakland County obligation bonds percent plans present projects proposed public facility loan question recession revenue bonds SCHONE Senator BRICKER Senator BUSH Senator CAPEHART Senator DOUGLAS Senator from Illinois Senator PAYNE Senator PROXMIRE sewage statement subcommittee United States Senate urban renewal vote Washington
Popular passages
Page 33 - Such notes or other obligations shall bear interest at a rate determined by the Secretary of the Treasury...
Page 33 - The Secretary of the Treasury is authorized and directed to purchase any notes and other obligations of the Administrator to be issued hereunder and for such 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 securities may be issued under such Act as amended, are extended to include any purchase of such notes and obligations.
Page 15 - Administrator which shall be not more than [the higher of (1) 2% per centum per annum, or] the lower of (/) 3 per centum per annum, or (2) the total of one-quarter of 1 per centum...
Page 16 - In the performance of, and with respect to, the functions, powers, and duties...
Page 33 - Administrator shall (in addition to any authority otherwise vested in him) have the functions, powers, and duties set forth in section 402, except subsections (c) (2) and (f), of the Housing Act of 1950.
Page 33 - ... 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 38 - Indian tribes to maintain at all times a current and adequate reserve of planned public works the construction of which can rapidly be commenced, particularly when the national or local economic situation makes such action desirable, and (2) to help attain maximum economy and efficiency in the planning...
Page 32 - ... one-half of 1 per centum per annum added to the rate of interest paid by the Administrator on funds obtained from the Secretary of the Treasury as provided in section 203 (a).
Page 116 - Treasury which shall be not more than the higher of (1) 2% per centum per annum, or (2) the average annual interest rate on all interest-bearing obligations of the United States then forming a part of the public debt as computed at the end of the fiscal year next preceding the issuance by the Commissioner and adjusted to the nearest one-eighth of 1 per centum.
Page 15 - ... of such sound value or so secured as reasonably to assure...