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2-percent 89th Congress Agriculture amended amount annual Appropriations authority average Bank for Rural bill BLANCHAR BOULDIN CALLAN Chairman CLAPP class A stock committee Congress consumers continue cost customers Dakota debentures elec Electric Bank Board Electric Cooperative Association electric power electric service electric utility established Federal Bank Federal Electric Bank Federal Telephone Bank fiscal GIBSON Government growth capital increase Indiana industry interest rate intermediate loans investment investor-owned utilities kilowatt kilowatt-hour legislation loan funds loan program Loeb & Co meet ment million Montana NRECA operation percent plant POAGE power companies present President proposed purposes REA borrowers REA loans REA program REA telephone revenue rural areas rural electric cooperatives rural electric systems Rural Electrification Act Rural Electrification Administration rural electrification program rural telephone Secretary FREEMAN serve South Dakota statement subsidy sumers supplemental financing suppliers tion transmission facilities Treasury United
Page 230 - Territories, and subdivisions and agencies thereof, municipalities, peoples' utility districts and cooperative, nonprofit, or limit-dividend associations organized under the laws of any State or Territory of the United States, for the purpose of financing the construction and operation of generating plants, electric transmission and distribution lines or systems for the furnishing of electric energy to persons in rural areas who are not receiving central station service, ..." Section 5 of the Act...
Page 51 - ... or more of the income consists of amounts collected from members for the sole purpose of making such payments and meeting expenses: (17) Teachers' retirement fund associations of a purely local character.
Page 8 - States, and such guaranty shall be expressed on the face thereof, and such bonds shall be lawful investments, and may be accepted as security for all fiduciary, trust, and public funds, the investment or deposit of which shall be under the authority or control of the United States or any officer or officers thereof.
Page 93 - Chairman and gentlemen of the committee, my name is Clyde T. Ellis. I am general manager of the National Rural Electric Cooperative Association, which is_ the national service organization of the REA-financed rural electric systems in the United States and Alaska.
Page 476 - The seventh member of a district board is appointed by the Governor of the Farm Credit Administration with the advice and consent of the Federal Farm Credit Board.
Page 20 - ... 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 121 - ... (b) Financial assistance under this section shall be on such terms and conditions...
Page 271 - Ask not what your country can do for you, but what you can do for your country!