Audit Questions REA Lending Ties and High Interest Bets
A study details USDA auditors accusing rural electric cooperatives of drawing $254 million in loans from 1980 to 1982 while not in genuine need. About $197 million was parked in certificates paying up to 20 percent. Four Iowa coops face excess-need findings. officials defend their actions and call auditors unfamiliar with utility finance.
MENTIONED IN THIS ARTICLE
REA
Congress
House
Senate
USDA
Iowa
Sioux Electric Cooperative
Orange City
Mount Pleasant
Buchanan County Rec
Independence
Farmers Electric Cooperative
Greenfield
Craig DeBower
Mount Pleasant Co-Op
Federal
Glenn E. Maynard
Buchanan County Aec
Maynard
David) Stockman
Stockman
Reagan
Lyle Rover
REC
Recs
Krivus
Glenn Lovig
Iowa Association of Electric Cooperatives
Lovig
Military Briefs Honor Air Force and Army Promotions
The Cedar Rapids Gazette lists several Iowa connections among service members. Promotions and new assignments appear for Senior Airman Mark A. Funke in Florida and Specialist 4 Rick L. Weinard in West Germany, with others stationed from Colorado to Washington D C and bases in Texas North Dakota South Dakota and Kansas.
MENTIONED IN THIS ARTICLE
Colorado
Joseph J. Pavlovec
Daniel E
Grace I. Pavlovec
Fort Atkinson
Lowry Air Force Base
Colo
Lackland Air Force Base
Texas
Georgia
Robert E. Martin
Louis F. Martin
Victor
Carol A. Martin
Deep River
197Th Infantry Brigade
Fort Benning
Fort Sill
Okla
North Dakota
Todd G. Bahmann
Willis C. Bahmann
Raney St
Hiawatha
321St
Grand Forks Air Force Base
N.C
Washington
Pentagon
Washington, D.C
Keesler Air Force Base
Miss
Mark A. Funke
Marvin J
Rose L. Funke
Dyersville
Air Force Tactical Air Warfare Center
Eglin Air Force Base
Fla
Jane F. Op
Greg A. Gregerson
Mervin L. Gregerson
Oelwein
Ellsworth Air Force Base
S.D
Chanute Air Force Base
Iil
Kansas
Larry F. Tibbott
Merwin F. Tibbott
Greeley
McConnell Air Force Base
Kan
Ill
Manassas Rural Electric Coop Becomes Suburban Sprawl Case
Article traces the rise of Manassas Virginia from Civil War site to suburbia and the Prince William Rural Electrification Cooperative. It notes high suburban incomes, rapid county growth, and a 1983 REA audit showing some co ops serving urban residents with federally subsidized loans, raising eligibility questions.
MENTIONED IN THIS ARTICLE
Manassas
Bull Run
Prince William
Rural Electrification Administration
USDA
Inspector General
Manassas Rec
General Accounting Office
GAO
Congress
REA
Iowa Advis ory Commission urges end to county compensation boards
The Iowa Advisory Commission on Intergovernmental Relations urges discarding county compensation boards saying they are cumbersome and inappropriate. It recommends county salaries be set by the board of supervisors after consulting other elected county officials and allow upward or downward adjustments with equal treatment for all. The panel also proposes reducing military leave allowances for civil employees.
MENTIONED IN THIS ARTICLE
Iowa Newspaper Association
Des Moines
Iowa Advisory Commission On Intergovernmental Relations
The
ACIR
Board of Supervisors
Also Mentioned on This Page
Cedar Rapids
David Lynch
Frazette
Joanne
Pfaff Demonstrator
Lindale Square
Lindale Mall
Lou Dennis
Manhattan Pavilion
Ellis Park
Recreation Department
Cedar Rapids Recreation Department
Ambrose Recreation Center
Mt. Vernon Rd
Gazette
Gunette
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