Urban Mass Transportation, 1961: Hearings Before Subcommittee No.3 of the Committee on Banking and Currency, House of Representatives, Eighty-seventh Congress, First Session. June 27 and 28, 1961

Naslovnica
Considers H.R. 7787, to amend the Housing Act of 1954 to authorize Housing and Home Finance Agency grants to local governments for urban mass transportation system development and operation. Includes Advisory Commission on Intergovernmental Relations report "Intergovernmental Responsibilities for Mass Transportation Facilities and Services in Metropolitan Areas," Apr. 1961 (p. 79-135)
 

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Stranica 13 - 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.
Stranica 29 - ... to undertake research, development, and demonstration projects in all phases of urban mass transportation (including the development, testing, and demonstration of new facilities, equipment, techniques, and methods) which he determines will assist in the reduction of urban transportation needs, the improvement of mass transportation service, and the contribution of such service toward meeting total urban transportation needs at minimum cost.
Stranica 30 - States and local public bodies and agencies thereof in financing the acquisition, construction, reconstruction, and improvement of facilities and equipment for use, by operation or lease or otherwise, in mass transportation service in urban areas and in coordinating such service with highway and other transportation in such areas.
Stranica 13 - 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.
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Stranica 172 - Jr. is assistant professor in the Department of City and Regional Planning at the University of California, Berkeley.
Stranica 92 - ... a county or group of contiguous counties which contains at least one city of 50,000 inhabitants or more. In addition to the county, or counties, containing such a city, or cities, contiguous counties are included in a standard metropolitan area if according to certain criteria they are essentially metropolitan in character and socially and economically integrated with the central city.
Stranica 12 - Act, as amended, is amended — ( 1 ) by striking out the period at the end of "paragraph (5) "and inserting in lieu thereof "; and"; and (2) by adding after paragraph (5) a new paragraph as follows: "(6) to make such loans (either directly or in cooperation with banks or other lending institutions through agreements to participate on an immediate or deferred basis) as the Administration may determine to be necessary or appropriate to assist...
Stranica 13 - 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.
Stranica 13 - Commissioner with the approval of the Secretary of the Treasury. Such notes or other obligations shall bear interest at a rate determined by the Secretary of the Treasury...

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