Proposed Bill Could Add $800 Million For D.C. Infrastructure

Vadum, Matthew
May 2004
Bond Buyer;5/5/2004, Vol. 348 Issue 31877, p5
Trade Publication
Reports on the introduction of the Fair Federal Compensation Act by Eleanor Holmes Norton, a non-voting Democratic delegate in the U.S. Congress House, on May 4, 2004 that would garner Washington D.C. multimillion dollars in federal funds annually to help defray infrastructure-related expenses. Use of the payment under proposed bill; Remarks from Kenneth Gear, director at Standard & Poor's Corp., regarding the implications of the bill on the district; Statements from the report released by the U.S. General Accounting Office concerning the revenues raised the district each year.


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