11,751

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borrowing because it has got the triple-A rating, many of

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those counties have been unable to participate, and the

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reason they have been unable to participate is because they

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can't pay the money back in 15 years.

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Now, these are agencies of our government who

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may be in a position. 50 or 100 yearsr yet to come when it

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will be necessary for us to take advantage of borrowings

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in order to aid not only the subdivisions, but the needs

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that oc cur. Now, if I were as smart as those who

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profess to see the next 50 or 100 years, I would pick out

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whatever is the right year, and say this shall be its

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maturity, but I don't think any of us are quite that smart.

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What we have done is this: We know what we have got. We

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know that we have got a 15-year maturity, we know that it

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is good, and we know also that we have a triple-A rating,

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but just in case the time comes when we need to provide

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that extra aid, maybe to match some tremendous need

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that comes from the federal government's funds which have tc

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be matched, maybe the need for a crash program to provide

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schools, I don't know, but the point is that we have

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provided the protection that we need, and that is simply