Federal Grain Storage Insurance Act of 1983: Hearing Before the Committee on Agriculture, Nutrition, and Forestry, United States Senate, Ninety-eighth Congress, First Session, on S. 550 ... February 28, 1983, West Memphis, Ark |
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Page 6
... tion Act of 1983. Both of us are co - sponsoring these two particular pieces of legislation . I would like to add his telegram as an official part of this tran- script . Unless you have something else we'll excuse you and you can go ...
... tion Act of 1983. Both of us are co - sponsoring these two particular pieces of legislation . I would like to add his telegram as an official part of this tran- script . Unless you have something else we'll excuse you and you can go ...
Page 11
... tion but they lost a portion of it . Some of these have not recovered yet . They're still in business , understand , but they're still in debt because of the losses suffered back there , you see . So it takes awhile when you have less ...
... tion but they lost a portion of it . Some of these have not recovered yet . They're still in business , understand , but they're still in debt because of the losses suffered back there , you see . So it takes awhile when you have less ...
Page 12
... tion I have that's strickly what the Government would be doing . The PIK program is set up , the wheels are turning to implement it . I can see no expense and it's simply a matter of transferring a stor- age debt to an entity that will ...
... tion I have that's strickly what the Government would be doing . The PIK program is set up , the wheels are turning to implement it . I can see no expense and it's simply a matter of transferring a stor- age debt to an entity that will ...
Page 14
... tion . If we take these grain elevators out , our employment suffers , our distributors in chemical and farm implement businesses suffer , our local merchants suffer , our bankers suffer , our Government suffers with the PCA and FmHA ...
... tion . If we take these grain elevators out , our employment suffers , our distributors in chemical and farm implement businesses suffer , our local merchants suffer , our bankers suffer , our Government suffers with the PCA and FmHA ...
Page 17
... tion for you . If this program is not enacted what sort of a program are we going to have ? There's no other game in town . It's sort of like the PIK program . I didn't understand the PIK program totally , but I supported it 100 percent ...
... tion for you . If this program is not enacted what sort of a program are we going to have ? There's no other game in town . It's sort of like the PIK program . I didn't understand the PIK program totally , but I supported it 100 percent ...
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Common terms and phrases
Agriculture Movement appreciate Arkansas Farm Bureau Arkansas General Assembly ARKANSAS STATE SENATOR asset bank bankrupt elevators bill Board Brian Crowley BURTON bushel certified warehouse compete Congress cost Crittenden County crop Davis Biggs Deloss Department depositor embargo establish fault Federal Grain Storage financing foreign policy funds going bankrupt Government grain elevators Grain Storage Insurance grain warehouses grain was stored hearing this morning Hughes imprisoned not less insolvency issue John Stipe loans loss lost grain MCKNIGHT ment million morning in West Office OPEC payment in kind percent PIK commodities PIK program President referendum Representative McGinnis rupt scale ticket Secretary Senator Ingram Senator PRYOR situation soybeans statement Steve Bernard stored grain subsection supplier Thank there's thing tion trade Trainor Treasury U.S. SENATE United States Code USDA ware warehouse receipt Washington West Memphis
Popular passages
Page 34 - 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 months preceding the issuance of the notes or other obligations.
Page 36 - Administration, or, without being duly authorized, draws any order or issues, puts forth, or assigns any note, debenture, bond, or other obligation, or draft, bill of exchange, mortgage, judgment, or decree thereof...
Page 34 - ... 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 33 - May adopt, amend, and repeal bylaws. (f) May purchase or lease and hold such real and personal property as it deems necessary or convenient in the transaction of its business, and may dispose of any such personal property held by it.
Page 34 - Corporation acquired by him under this subsection. All redemptions, purchases, and sales by the Secretary of the Treasury of the bonds of the Corporation shall be treated as public-debt transactions of the United States.
Page 36 - Corporation or any other body politic or corporate, or any individual, or to deceive any officer, auditor, or examiner of the Corporation, makes any false entry in any book, report...
Page 33 - Commissioner is authorized to issue to the Secretary of the Treasury notes or other obligations in such forms and denominations, bearing such maturities, and subject to...
Page 33 - May enter into and carry out such contracts or agreements as are necessary in the conduct of its business. State and local regulatory laws or rules shall not be applicable with respect to contracts or agreements of the Corporation or the parties thereto to the extent that such contracts or agreements...
Page 36 - ... or in contracts relating thereto, or in the stock or membership interests of any association or corporation engaged in handling, processing, or disposing of any such commodity or product.
Page 33 - Government, and shall determine its necessary expenditures under this act and the manner in which they shall be incurred, allowed, and paid, without regard to the provisions of any other law governing the expenditure of public funds.