States Invest Unused Revenue Sharing Money in Treasury Notes
The federal government borrows back part of its tax money via revenue sharing. States and localities invested funds in U S government securities and bank certificates of deposit, with total unspent amounts around 2.2 to 4 billion dollars. Officials note the money must be disbursed to state and local governments and held in a trust fund.
MENTIONED IN THIS ARTICLE
Washington
Federal Revenue Sharing Office
U.S. Treasury
Revenue Sharing Office
Graham Watt
Treasury Department
Watt
Treasury
U.S
Taylor and Burton Receive Mexican Honorary Diplomas
Mexico City AP reports Elizabeth Taylor and Richard Burton awarded honorary diplomas by President Luis Echeverria for promoting Puerto Vallarta, the resort town where the couple maintains a home.
MENTIONED IN THIS ARTICLE
Mexico City
Richard Burton
Elizabeth Taylor
Luis Echeverria
Puerto Vallarta
Fewer cars at his gas pumps in Avalon
Avalon California island gas station sees no customers for nearly 30 minutes under Los Angeles County odd even fuel rationing. Tremont Street Garage manager Norman Cooper calls the plan impractical as residents reduce car use and switch to bicycles amid the 759 vehicles on Santa Catalina Island.
MENTIONED IN THIS ARTICLE
Avalon
Calif
Santa Catalina Island
Norman Cooper
Tremont Street
Los Angeles County
Catalina
San Pedro
Cooper
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