COUNCIL CRITICIZES COMMERCE COASTAL ENERGY IMPACT PROGRAM PROCEDURES

by Council on Wage and Price Stability on November 22, 1976
by Council on Wage and Price Stability

 

Regulations proposed by the National Oceanic and Atmospheric Administration (NOAA) to establish procedures for State and local governments in coastal areas to receive energy impact assistance are potentially inflationary and should be revised, the Council on Wage and Price Stability said today.

 

Under the NOAA proposals, States or governments affected by new or increased energy development activity could receive loans, bond guarantees, or grants. For example, a State government might apply for funds to help finance new or improved public facilities and services required because of population increases resulting from expanded energy activity.

 

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