PRIOR PRINTER'S NO. 155 PRINTER'S NO. 1192
No. 10 Session of 1999
INTRODUCED BY MOWERY, MUSTO, SALVATORE, BOSCOLA, COSTA, WAUGH,
STOUT, TOMLINSON AND RHOADES, JANUARY 13, 1999
AMENDED, JUNE 8, 1999
A RESOLUTION
1 Memorializing Congress to support the concept of creating
2 interest-free loans to state and local governments AND SCHOOL <--
3 DISTRICTS to provide for capital projects for schools, roads,
4 bridges, water and sewer projects, waste disposal projects,
5 public housing, public buildings and environmental projects.
6 WHEREAS, All state and local governments AND SCHOOL DISTRICTS <--
7 have a substantial need to undertake capital projects to build
8 or improve new or existing schools, roads, bridges, water and
9 sewer systems, waste disposal facilities, public housing units,
10 public buildings and environmental improvements; and
11 WHEREAS, The Federal Government is in a much better position
12 than state and local governmental units AND SCHOOL DISTRICTS to <--
13 raise large amounts of capital to fund major capital projects;
14 and
15 WHEREAS, The Treasury of the Federal Government has an
16 ongoing program utilizing treasury bills, bonds, notes and other
17 financial instruments to raise its needed operating capital;
18 therefore be it
19 RESOLVED, That the Senate of Pennsylvania memorialize
1 Congress to support the concept of creating interest-free loans
2 to state and local governments AND SCHOOL DISTRICTS to provide <--
3 for capital projects for schools, roads, bridges, water and
4 sewer projects, waste disposal projects, public housing, public
5 buildings and environmental projects; and be it further
6 RESOLVED, That copies of this resolution be transmitted to
7 the presiding officers of each house of Congress and to each
8 member of Congress from Pennsylvania.
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