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Public Works Plan Seeks 50 Percent Grants Under New Fair Fund
Washington April 12 M The Public Works Administration contemplates a major shift in financing for public works. The proposal would give outright grants of 50 percent of labor and materials for projects with the rest funded by PWA loans. The move aims to spur city and state construction under a new four billion dollar fund, replacing the prior policy of 20 percent grants with loans for balance at four percent. Secretary Ickes said lawyers are examining legality of grants from the new fund.
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