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1
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it hasn't occurred to me that there should be any change.
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2
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We have had no problems. What is the problem, I mean? If
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3
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there are any problems, I don't know about it. I think
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4
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that fifteen years is a good period. Sometimes, the build-
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5
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ings and the construction that we are borrowing the money
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6
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for, the equipment doesn't last fifteen years. That is the
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7
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purpose of the fifteen years, was to try to pay for the
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8
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construction of a building which maybe had a life of fif-
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9
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teen years, and the revenue, of course, that we receive
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10
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for the interest and amortization requirements is based
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11
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on a fifteen year bond program.
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12
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MR. SAYRE: Do you think this sort of thing
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13
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should be in the Constitution?
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14
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GOVERNOR TAWES: Well, I don't see the need for
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15
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it.
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16
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MR. MINDEL: Mr. Chairman, I might comment that
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17
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the Subcommittee on Taxation and Finance has considered
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18
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that question and has studied it quite thoroughly, and I
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19
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think that will come out of the report on taxation and
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20
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finance. That very question has been considered.
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21
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JUDGE ADKINS: I think that is really a question
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