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1
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1 found the tendency on the part of elected
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2
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officials to do as much by the way of the loan roiite as
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.3
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possible because it cannot possibly effect the tax rate
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4
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or the revenue requirement during their present term of
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5
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administration, and sometimes the effect is not Known for
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6
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many years thereafter. So, there is no hesitancy on the
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7
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part — and when budgets are cut, we very rarely find a
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8
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cut in the area of our loan programs.
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9
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THE CHAIRMAN: I don't want to speak for him,
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10
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but you've got a pretty good --
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11
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MR. BENTON: Our recommendations generally are
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12
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carried without any changes. So, I feel that this would be
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13
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one way perhaps of exercising some degree of control on the
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14
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part of those who will be responsible for repaying these
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15
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issues and paying the maintenance thereon, that would not
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16
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otherwise exist.
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17
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THE CHAIRMAN: Well, you've got too different
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18
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points of view in the State" on this subject and if you
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19
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really are looking at it from the standpoint of efficiency
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20
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of management at the governmental level, the voted bond is
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21
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a thorn in your side.
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