Public Works and Economic Development: Hearings Before the United States Senate Committee on Banking and Currency, Subcommittee on Production and Stabilization, Eighty-Ninth Congress, First Session, on May 4-7, 1965

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Considers S. 1648, to provide grants and loans for public works in economically distressed areas.
 

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Halaman 157 - ... (d) the loan bears interest at a rate not less than (1) a rate determined by the Secretary of the Treasury, taking into consideration the average market yield on outstanding Treasury obligations of comparable maturity, plus (2) such additional charge, if any, toward covering other costs of the program as the Director may determine to be consistent with its purposes : Provided, however.
Halaman 180 - No termination of eligibility shall (1) be made without thirty days' prior notification to the area concerned. (2) affect the validity of any application filed, or contract or undertaking entered into, with respect to such area pursuant to this...
Halaman i - To provide grants for public works and development facilities, other financial assistance and the planning and coordination needed to alleviate conditions of substantial and persistent unemployment and underemployment In economically distressed areas and regions.
Halaman 84 - Federation, with respect to the issues involved in the bills under consideration by the committee, as approved by the official voting delegates of the member State farm bureaus at our last annual meeting, is as follows: Present reclamation law was originally designed for the purpose of developing public lands.
Halaman 32 - ... primarily benefit the long-term unemployed and members of lowincome families or otherwise substantially further the objectives of the Economic Opportunity Act of 1964...
Halaman 87 - If 7,000 new jobs were acutally created, there was a corresponding reduction in jobs elsewhere. We do not see how it is possible to avoid the conclusion that the same situation applies to other ARA loans. They did not create more jobs. They just transferred jobs from one place to another. When this occurs in clearly identifiable form, it is referred to as job piracy and is frowned on. But actually job transference is an inevitable part of any governmentally aided business development.
Halaman 153 - ... loans) to aid in financing any project within a redevelopment area for the purchase or development of land and facilities (including, in cases of demonstrated need...
Halaman 177 - ... upon application of such lending institution and upon such terms and conditions as the Assistant Secretary may prescribe. § 305.42 Limitations. Working capital guarantees under this subpart are subject to the following restrictions and limitations: (a) No working capital guarantees may at any time exceed 90 percent of the amount of the outstanding unpaid balance of the working capital loan; (b) No working capital loan will be guaranteed which is secured by a prior lien on the same assets which...
Halaman 320 - Through the disposal at a fair price of assets not required by the applicant in the conduct of its existing business or not reasonably necessary to its potential healthy growth...
Halaman 116 - SEC. 24. (a) To the fullest extent practicable in carrying out the provisions of this Act the Secretary shall use the available services and facilities of other agencies and instrumentalities of the Federal Government, but only with their consent and on a reimbursable basis. The foregoing requirement shall be implemented by the Secretary in such a manner as to avoid the duplication of existing staffs and facilities in any agency or instrumentality of the Federal Government.

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