Show Federal aid to improve community public facilities available under Kennedy's administration WASHINGTON Utah communities wishing to improve their public facilities may receive added help under President Kennedy's liberalized regulations governing operations of the Community Facilities Senator Frank E. Moss said only and gas transmission projects in communities up to population were approved for Senator Moss the agency may now lend for city fire recreation libraries in for any public works which the community lias the legal right to build except those that may receive Federal aid an-ather population has been cities of any size may he THE President lias moved to reduce by one quarter per cent the interest rate communities may new rates are 4 18 per cent on general obligation bonds and 4 38 per cent on revenue loans in three for advance planning of community for their and for college The agency makes no outright the entire amounts are repayable with SENATOR said that during the five-year period 1956 through has loaned in Utah for for project and for college making it easier for communities to plan and finance projects which meet their local President Kennedy has taken a wise step to counter the Senator THE UTAH projects for which loans and advances have been made in the last five years ADVANCED planning Payson Roosevelt Spanish Fork Le-hi Moab Salina Davis County Kane County and San Juan County and College housing Carbon College Dixie College College of Southern Snow College University of Utah Utah State University Westminster College U S SAVINGS BONDS year of the U. S. Savings Bonds' success story is being observed during Duchesne county savings bonds chairman Merrill J. Assistant First Security Bank at said here the first month of the sales of Series E and H savings bonds in this county amounted to the chairman 25 of our 1961 sales which is Overall state sales totaled during up more than a quarter million over it was announced by Frederick P. State Bonds the past 20 years this program not only played on important role in Federal but it has become one of America's greatest savings individual citizens hold more than billion in savings an impressive backlog of future purchasing power for the American he Champ pointed that nationally the trend of increased sales and lower redemptions that according to Treasury figures January increase of million in the cash value of E and H bonds outstanding was the largest recorded since March It has also been announced bv the William H. at request of Secretary Douglas has agreed to continue as National Director of the U. S. Savings Bonds Secretary Dillon emphasized that the Savings bonds program plays a basic role in the administration of tho public debt and affords an opportunity for every American citizen to participate directly in the sound management of the nation's Neal is on leave to th Treasury from the Wachovia Bank and Trust Winston North |