1st Session DEVELOPMENT CORPORATIONS AND AUTHORITIES REPORTS, STATUTES, AND OTHER MATERIALS ON STATE AND LOCAL DEVELOPMENT CORPORATIONS AND AUTHORITIES 47608 COMMITTEE ON BANKING AND CURRENCY UNITED STATES SENATE REVISED, DECEMBER 2, 1959 Printed for the use of the Committee on Banking and Currency UNITED STATES GOVERNMENT PRINTING OFFICE WASHINGTON: 1959 COMMITTEE ON BANKING AND CURRENCY A. WILLIS ROBERTSON, Virginia, Chairman J. W. FULBRIGHT, Arkansas HOMER E. CAPEHART, Indiana J. H. YINGLING, Chief of Staff II CONTENTS "State Development Credit Corporations and Authorities and Problems of Financing Small Business," by Edward B. Shils, Wharton School of Finance, University of Pennsylvania "Local Development Corporations, in Minnesota," by Ralph S. Fjelstad, Page "State Development Corporations: The Pennsylvania Experience," by William R. Davlin, secretary of commerce, Commonwealth of Penn- Office of Area Development, U.S. Department of Commerce: Regional industrial development organizations... "Community Industrial Development A Nationwide Survey," Victor "An Explanation of the Development Company Loan Program Under the Small Business Investment Act of 1958," by Ivan B. Munch, Small Applications and loans under development company loan program. Table showing status of State industrial credit corporations and authorities. Table showing status of organization and operations of northeastern de- Bill to create the Alabama Economic Development Corp---- Act authorizing the creation of development finance corporations, Bylaws of the Connecticut Development Credit Corp--- Hawaii: Act authorizing the creation of business development corporations, 188 Kansas: Act authorizing the creation of development credit corporations, 194 Kentucky: Act creating the Industrial Development Finance Authority, 195 Act creating the Industrial Park Authority, approved July 259 Resolution authorizing issuance of certificate of incorporation. -- Certificate of incorporation of the Business Development Corp. of |