Federal Financial Programs Affecting Commercial Fisheries Hearing Before the N
Federal Financial Programs Affecting Commercial Fisheries Hearing Before the N
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In our eReader you can find the full English version of the book. Read Federal Financial Programs Affecting Commercial Fisheries Hearing Before the N Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Federal Financial Programs Affecting Commercial Fisheries Hearing Before the N
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We can assure you that Mike Grable, who is in charge of this program at NMFS, does not run a give-away program. Over the last two decades, the program has guaranteed over $600 million in obligations of the fishing industry. Currently, it has a net worth of $19 million and has paid its way. The FOG program is considered "off-budget. " The Federal Credit Reform Act was enacted to bring the annual costs 40 of such programs "on-budget" to be reflected in annual budget authority. '* However, the FOG... program has been determined to have no subsidy cost within the meaning of the FCRA. Nonetheless certain budget officers in the Department of Conmierce, for bureaucratic rather than programmatic reasons, insisted that a "phantom" sub- sidy cost of $470, 000 be put in tne NMFS budget to be ultra-conservative in light of the FCRA. The program has also repaid its entire working capital credit line with the Treasury. It would be truly unfortunate to terminate a program which has clear benefit to our industry and no cost to the Federal taxpayer.
What to read after Federal Financial Programs Affecting Commercial Fisheries Hearing Before the N?
You can find similar books in the "Read Also" column, or choose other free books by United States Congress Senate National Ocean Po to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
We can assure you that Mike Grable, who is in charge of this program at NMFS, does not run a give-away program. Over the last two decades, the program has guaranteed over $600 million in obligations of the fishing industry. Currently, it has a net worth of $19 million and has paid its way. The FOG program is considered "off-budget. " The Federal Credit Reform Act was enacted to bring the annual costs 40 of such programs "on-budget" to be reflected in annual budget authority. '* However, the FOG... program has been determined to have no subsidy cost within the meaning of the FCRA. Nonetheless certain budget officers in the Department of Conmierce, for bureaucratic rather than programmatic reasons, insisted that a "phantom" sub- sidy cost of $470, 000 be put in tne NMFS budget to be ultra-conservative in light of the FCRA. The program has also repaid its entire working capital credit line with the Treasury. It would be truly unfortunate to terminate a program which has clear benefit to our industry and no cost to the Federal taxpayer.
What to read after Federal Financial Programs Affecting Commercial Fisheries Hearing Before the N?
You can find similar books in the "Read Also" column, or choose other free books by United States Congress Senate National Ocean Po to read onlineMoreLess
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