United States · Bill · S
S. 1862 (94th)
A bill to amend the Federal Financing Bank Act of 1973 to provide funds to general units of local government in financial distress.
Introduced
4 June 1975
Last action
—
Status
Referred to Senate Committee on Banking, Housing and Urban Affairs.
Sponsors
—
Subjects
Discovery layer
Source updated
14 January 2025
Summary
Authorizes the Federal Financial Bank to purchase general obligation bonds of units of local government when such bonds are issued to satisfy existing liabilities of such units of government; when the maturity of such obligations does not exceed two years; and when such unit of government has submitted a plan to achieve a balanced budget within two years.
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Timeline
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Votes
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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 4 June 1975
Sponsors
No sponsors or actors listed by the source.
Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/94th-congress/senate-bill/1862
- Open data entity: https://api.congress.gov/v3/bill/94/s/1862