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Reclamation Bonds Urged in Cain Plan Debated in Congress
Washington June 21 Cain proposes selling bonds to finance reclamation projects now under way and to fund future work. The plan envisions immediate bond issuance totaling about 900 million dollars, with additional bonds issued as each project is authorized. Supporters call for study while noting potential taxpayer savings. Opponents weigh financing methods and revenue sources, including power revenue backed interest at 3 percent.
MENTIONED IN THIS ARTICLE
William E. Lowell
Washington
Cain
Rev
Goff
Adaho
Congress
Public Lands and Appropriations Committees
Ben Jensen
R-Ia
Appropriations
Barrett
R-Wye
Treasury