Alaska Unmeployment Fund Loans: Hearing Before the Subcommittee on Territories and Insular Affairs ... Eighty-fourth Congress, First Session on S. 1650, a Bill to Authorize the Territory of Alaska to Obtain Advances from the Federal Unemployment Act, and for Other Purposes. April 26, 1955Considers (84) S. 1650. |
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$2 million Act of Alaska Administrative Financing Act ALAN BIBLE Alaska Legislature Alaska to obtain ALASKA UNEMPLOYMENT amendment amount Attorney authority to apply authorize the Territory bonded indebtedness borrow Chairman Congress COULTER create or assume Delegate BARTLETT Department depleted EDWARDS eligible employers Employment Security Administrative empower enacted Federal Government Federal tax Federal unemployment account Federal unemployment fund Federal unemployment tax GOODWIN Governor of Alaska Governor to apply granted HOEHLER incur a debt industry INSULAR AFFAIRS Judge Arnold legislation maximum MILLER municipalities opinion passed prohibit the Governor provisions Public Law 567 pursuant question Reed bill repaid repayment repeal request Secretary of Labor section 77 section 9 Security Administrative Financing Senator JACKSON Social Security Act special session tax collections Territorial law Territorial legislature Territory of Alaska three-tenths title 48 transferred unem unemploy unemployment compensation unemployment insurance unemployment trust fund United States Attorney United States Code Washington
Popular passages
Page 8 - That the constitution and all laws of the United States which are not locally inapplicable, shall have the s*ame force and effect within the said territory of Nebraska as elsewhere within the United States...
Page 17 - ... nor shall the Territory, or any municipal corporation therein, have power or authority to create or assume any bonded indebtedness whatever ; nor to borrow money in the name of the Territory or of any municipal division thereof; nor to pledge the faith of the people of the same for any loan whatever, either directly or indirectly ; nor to create, nor to assume any indebtedness except for the actual running expenses thereof; and no such indebtedness for...
Page 8 - Corps, $600,000,000; (g) loans or grants, or both, for projects of States, Territories, Possessions, including subdivisions and agencies thereof, municipalities, and the District of Columbia, and self-liquidating projects of public bodies thereof...
Page 5 - I think, in the interest of keeping the record straight, perhaps we ought to include, as a part of the record, your druthers, as you refer in your testimony and the earlier hearings we held, to a broader approach to the problem, and so that doesn't remain...
Page 7 - Territory or of any municipal division thereof; nor to pledge the faith of the people of the same for any loan whatever, either directly or indirectly; nor to create, nor to assume, any indebtedness, except for the actual running expenses thereof; and no such indebtedness for actual running expenses shall be created or assumed in excess of the actual income of the Territory or municipality for that year, including as a part of such income appropriations then made by Congress, and taxes levied and...
Page 36 - ... for any loan whatever, either directly or indirectly ; nor to create, nor to assume, any indebtedness, except for the actual running expenses thereof; and no such indebtedness for actual running expenses shall be created or assumed in excess of the actual income of the Territory or municipality for that year, including as a part of such income appropriations then made by Congress, and taxes levied and payable and applicable to the payment of siich indebtedness and cash and other money credits...
Page 6 - ... under the Federal Unemployment Tax Act and covered into the Treasury. (2) The amount appropriated by paragraph (1) shall be transferred at least monthly from the general fund of the Treasury to the Unemployment Trust Fund and credited to the employment security administration account. Each such transfer shall be based on estimates made by the Secretary of the Treasury of the amounts received in the Treasury.
Page 8 - ... prohibition of bonded indebtedness contained in section 9 of the organic act. Accordingly, it would be inappropriate for me to hold in this case that Congress merely by appropriating funds for advances to, among others, certain Territories, and by specifying in detail how such advances are to be repaid...
Page 7 - ... nor shall the Territory or any municipal corporation therein have power or authority to create or assume any bonded indebtedness whatever; nor to borrow money in the name of the Territory or of any municipal division thereof; nor to pledge the faith of the people of the same for any loan whatever, either directly or indirectly; nor to create nor to assume any indebtedness, except for the actual running expenses thereof; and no such indebtedness for actual running expenses shall...
Page 7 - The clear and unmistakable purpose of such provisions is effectually to protect persons residing in municipalities from the abuse of their credit and the consequent oppression of burdensome, if not ruinous, taxation. The mischief to be prevented is the creation of an excessive debt for local improvements or public works, or the loaning of municipal credit so payable that the burden should not fall upon those who contracted the obligations, or on their revenues, but on posterity.16...