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, 1977
United States. Congress. House. Committee on Interstate and Foreign Commerce. Subcommittee on Transportation and Commerce
U.S. Government Printing Office, 1978 - 133 lappuses
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20 percent accept action administrative affected amount approximately areas assets assistant bankrupt bankruptcy believe bill BLANCHETTE Boston cash cents Chairman cities Cleveland collect committee compromise Congress ConRail continue corporation cost County court creditors debt delinquent dollar faced fact Federal Government Federal guarantee FLORIO funds going guarantee immediate increases interest involved issued legislation less loan matter mayor ment million municipalities notes OAKAR obligations offer officials Ohio operations owed paid payment Penn Central percent plan of reorganization position present principal priority problem property tax proposed question Rail railroad reason receive record Regional reorganization representing responsibility result ROONEY securities settlement SKUBITZ statement tax claims taxes owed taxing authorities taxpayers testimony Thank things tion Transportation trustees understand United York
6. lappuse - 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.
6. lappuse - 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...
6. lappuse - 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.
6. lappuse - 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...
45. lappuse - 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...
26. lappuse - And it is not a question of competition ; it is a question of treating everyone equitably.
118. lappuse - Luce is chairman of the board of trustees and chief executive officer of the Consolidated Edison Co.
133. lappuse - 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 ...
11. lappuse - 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.