Text of A resolution providing financial assistance for the City of New York.
This resolution was enacted after being signed by the President on October 5, 1978. The text of the bill below is as of Oct 5, 1978 (Passed Congress/Enrolled Bill).
92 STAT. 914 PUBLIC LAW 95-415—OCT. 5, 1978 Public Law 95-415 95th Congress Joint Resolution Oct. 5, 1978 Providing financial assistance for the city of New York. [H.J. Res. 1088] Resolved hy the Senate and House of Representatives of the United New York City, States of America in Congress assemhled^ That the Secretary of the financial Treasury is authorized to guarantee the payment of principal and assistance. interest on loans in accordance with the provisions of the New York 31 u s e 1531 City Loan Guarantee Act of 1978 in amounts not to exceed note. $1,650,000,000 in principal outstanding at any time, and there is Ante, p. 460. hereby appropriated effective October 1, 1978, such amounts as may be necessary for payment of principal and interest on loans in default and guaranteed pursuant to the New York City Loan Guarantee Act of 1978, to remain available until September 30, 1998. Approved October 5, 1978. LEGISLATIVE HISTORY: HOUSE REPORT No. 95-1404 (Comm. on Appropriations). SENATE REPORT No. 95-1192 (Comm. on Appropriations). CONGRESSIONAL RECORD, Vol. 124 (1978): Sept. 6, considered and passed House. Sept. 20, considered and passed Senate.