76TH CONGRESS 3d Session } SENATE { REPORT No. 1841 EXTENDING POWER OF BOARD OF EDUCATION IN DISTRICT OF COLUMBIA JUNE 13 (legislative day, MAY 28), 1940.-Ordered to be printed Mr. KING, from the Committee on the District of Columbia, submitted the following REPORT [To accompany H. R. 9633] The Committee on the District of Columbia, to whom was referred the bill (H. R. 9633) to enlarge and extend the power and jurisdiction of the Board of Education over degree-conferring institutions operating within the District of Columbia, having considered the same, report favorably thereon without amendment and recommend that the bill do pass. This bill aims to give the Board of Education authority and power to accredit junior colleges operating in the District of Columbia, thereby establishing the School Department of the District of Columbia, in this respect, on a basis similar to the Department in each of the 48 States. In short, it extends the existing authority of the Board over degree-conferring institutions to include the accrediting of junior colleges operating here. The provisions for accrediting junior colleges are stated in general in the bill, and the basis for accrediting junior colleges is similar to the basis on which the Board passes upon the qualifications of 4-year collegiate institutions that make application to the Board for permission to confer degrees. The Superintendent of Schools and the Board of Education believe this legislation is necessary and will serve an existing educational need. O 76TH CONGRESS 3d Session SENATE { REPORT No. 1842 AUTHORIZING A REDUCTION IN THE INTEREST RATE ON PUBLIC WORKS ADMINISTRATION LOANS TO THE DISTRICT OF COLUMBIA JUNE 13 (legislative day, MAY 28), 1940.-Ordered to be printed Mr. KING, from the Committee on the District of Columbia, submitted the following REPORT [To accompany H. J. Res. 559] The Committee on the District of Columbia, to whom was referred House Joint Resolution 559, being a resolution designed to relieve the District of Columbia from paying interest to the Federal Works Agency at the rate of 4 percent per annum, having considered the resolution, recommend that the same do pass. There follows a letter addressed to the President of the Senate from the Administrator of the Federal Works Agency, successor to the Federal Emergency Administration of Public Works, setting forth the conditions under which the District of Columbia accepted advances of money from what was then known as the Federal Emergency Administration of Public Works. Said letter clearly sets forth all the conditions incident to the reduction of interest which would be permitted upon the passage and approval of the resolution. The PRESIDENT OF THE SENATE. SIR: Pursuant to Public Law No. 465, Seventy-third Congress, approved June 25, 1934, as amended by Public Law No. 51, Seventy-fourth Congress, approved May 6, 1935, and Public Law No. 746, Seventy-fifth Congress, approved June 25, 1938, authorizing the Commissioners of the District of Columbia to borrow and to accept advances from the Federal Emergency Administration of Public Works, now the Public Works Administration in the Federal Works Agency, for the acquisition, purchase, construction, establishment, and development of public works, the Public Works Administration has made and has obligated itself to make certain loans and advances to the District of Columbia, the repayable portions of which are to bear interest until paid at the rate of 4 percent per annum in accordance with the established rate of the Public Works Administration. Public bodies other than the District of Columbia receiving financial aid from the Public Works Administration are at liberty to sell their obligations to the public and obtain thereby any lower rate of interest that the financial record and condition of the borrower might justify. The District of Columbia, however, not being authorized to issue and sell its obligations to the public, is unable to obtain the benefit of a lower rate of interest which would be available to it in the event of such authorization. It has therefore been suggested that the District of Columbia ought not to be penalized by requiring it to pay to the Public Works Administration a rate of interest higher than that warranted by its credit rating. In order that the District might obtain the benefit of the rate of interest which its municipal credit justifies, and at the same time without departing from the pay-as-you-go principle to which Congress has adhered since the liquidation of the District's former indebtedness in 1891, I suggest the enactment of a bill in the form attached. This letter and the legislation herein proposed have been submitted to and approved by the Bureau of the Budget. A duplicate of this letter is being directed to the Speaker of the House of Representatives. Respectfully, JOHN M. CARMODY, Administrator. The Commissioners of the District of Columbia urge the enactment of this legislation. 76TH CONGRESS 3d Session } SENATE { REPORT No. 1843 CONSTRUCTION OF A RECORDER OF DEEDS BUILDING IN THE DISTRICT OF COLUMBIA JUNE 13 (legislative day, MAY 28), 1940.-Ordered to be printed Mr. KING, from the Committee on the District of Columbia, submitted the following REPORT [To accompany H. R. 9114] The Committee on the District of Columbia, to whom was referred the bill (H. R. 9114) authorizing advancements from the Federal Emergency Administration of Public Works for the construction of a recorder of deeds building in the District of Columbia, and for other purposes, having considered the same, recommend that the bill do pass with the following amendments: Page 1, lines 6 and 7, strike the words "created by the National Industrial Recovery Act," and insert the words "or its successor,". Page 1, line 7, after the word "Administration" insert a comma and the words "or its successor,". Page 1, line 9, strike the figures "$500,000" and insert "$450,000". Page 2, line 2, after the word "Administration," insert the words "or its successor,". Page 2, line 3, after the word "Administration," insert the words "or its successor,". Page 2, lines 3 and 4, strike the words "the acquisition, purchase, construction, and establishment of". Page 2, lines 6 and 7, strike the words "where was formerly the old police court building," and insert "formerly used as the police court,". Page 2, lines 9, 10, and 11, strike the words "or upon such other area or areas as shall be approved by said Commissioners and the National Capital Park and Planning Commission,". Page 2, line 14, after the word "Administration," insert the words "or its successor," ,". Page 2, lines 20, 21, 22, and 23, strike the words "for the acquisition by dedication, purchase, or condemnation of the fee simple title to land, or rights or easements in land, for the public uses authorized by this Act, and". |