Debt Financing Problems of State and Local Government: The New York City Case : Hearings Before the Subcommittee on Economic Stabilization of the Committee on Banking, Currency and Housing, House of Representatives, Ninety-fourth Congress, First Session, 파트 2U.S. Government Printing Office, 1975 |
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anticipation notes ASHLEY bankruptcy believe Big MAC billion bondholders borrowing Broome County budget BURNS cash Chairman City crisis Committee CONGRESS THE LIBRARY cost crisis deficit dollars economic effect Emergency Financial Control EXCLUDING NEW YORK expenditures fact FDIC Federal Government Federal guarantee Federal Reserve Felix Rohatyn Financial Control Board fiscal going governmental Governor CAREY GRADISON impact interest rates investment investors issue June 30 KELLY LAFALCE legislation Levitt LIBRARY OF CONGRESS loan long-term maturing Mayor MCKINNEY ment Municipal Assistance Corporation municipal bond market municipal securities nonmember banks October October 17 October 23 payment pension funds percent Poelker problem question REISCHAUER revenues RINFRET risk ROHATYN SCHANCK situation ST GERMAIN STANTON State's subcommittee tax-exempt taxable testimony Thank thing tion Treasury TSONGAS United VOLCKER welfare York City default York City obligations York City's York's
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1208 페이지 - City default and must, therefore, caution the committee that its estimates of impact on nonmember banks are only as good as the assumptions on which they are based.
1297 페이지 - If obligations of States or their political subdivisions may be subjected to the interference here attempted. they are no longer free to manage their own affairs ; the will of Congress prevails over them ; although inhibited, the right to tax might be less sinister.
1285 페이지 - State apparatus for the control of the budgetary practices and expenditures of the affected State or local governmental unit. (c) The Secretary of the Treasury or the Chairman of the Federal Reserve Board must declare that a default by such State or local governmental unit would have economic and financial consequences of more than local or regional significance. (d) A majority of the directors of the Corporation must agree with the foregoing declarations.
1500 페이지 - US Bureau of the Census : Local Government Finances In Selected Metropolitan Areas and Large Counties: 1969-70, Series GF70— No.
1083 페이지 - But we cannot sustain the repeal of the 1962 convenant simply because the bondholders' rights were not totally destroyed. The only time in this century that alteration of a municipal bond contract has been sustained by this Court was in Faitoute Iron & Steel Co. v City of Asbury Park, 316 US 502, 86 L Ed 1629, 62 S Ct 1129 (1942).
1114 페이지 - BEFORE THE SUBCOMMITTEE ON ECONOMIC STABILIZATION OF THE HOUSE COMMITTEE ON BANKING, FINANCE AND URBAN AFFAIRS Mr.
1080 페이지 - Report of the Commission on the Bankruptcy Laws of the United States...
1499 페이지 - US Department of Commerce. Bureau of the Census. Local Government Employment in Selected Metropolitan Areas and Large Counties. Washington, DC: Government Printing Office, 1980.
1084 페이지 - ... be available for distribution. An unsecured municipal security is therefore merely a draft on the good faith of a municipality in exercising its taxing power. The notion that a city has unlimited taxing power is, of course, an illusion. A city cannot be taken over and operated for the benefit...
1078 페이지 - Redlich is Professor of Law at the New York University School of Law, and is editor in chief of the Tax Law Review, New York University.