"Where Fillmore County News Comes First"
Wednesday, November 25th, 2015
Volume ∞ Issue ∞
- 9:20:20, Nov 24th 2015 - reader - What an inspiring message! Thank you! ... [Read More]
- 8:07:37, Nov 24th 2015 - Stan Gudmundson - I've never responded to any comments made about anything I've writt ... [Read More]
- 8:02:03, Nov 24th 2015 - Stan Gudmundson - I've never responded to any comments made about anything I've writt ... [Read More]
- 6:09:45, Nov 24th 2015 - JustTheFacts - All of those funds have been triple audited, and by people who have a ... [Read More]
- 3:40:51, Nov 24th 2015 - James1952 - I can't find anywhere that Mr. Gudmundson was guilty of plagiarism. What ... [Read More]
- 12:12:31, Nov 24th 2015 - Repairing Kingsland will take years - The first step is to get rid of useless McDona ... [Read More]
- 11:22:40, Nov 24th 2015 - @Wykoff Stays - Good to hear that your so upbeat about the Wykoff school staying ope ... [Read More]
- 9:40:41, Nov 24th 2015 - JustTheFacts - I don't have blind fatih in Stan, he's been proven wrong too many time ... [Read More]
- 9:14:55, Nov 24th 2015 - James1952 - Just like it did the vote yes group. Stan has laid the facts out there fr ... [Read More]
- 8:07:04, Nov 24th 2015 - JustTheFacts - It was well known FACT going into the 2002 vote. But as we have seen ... [Read More]
Fri, Oct 31st, 2003
Posted in Features
Posted in Features
On Wednesday, Senator Norm Coleman announced plans to sponsor legislation that would invest $50 billion in rural America designed to improve an aging and somewhat outdated infrastructure.
Called the Rural Renaissance Act, each state would get a minimum of $50 million to invest in rural public works projects. The projects would be for communities with populations of under 50,000. Speaking in a telephone interview from Washington with media, including the Journal, Colemen said the investment is needed to improve wastewater treatment facilities, provide affordable housing, develop high speed internet and build community facilities. Coleman envisions a broad definition of public works. “Throughout rural America, the lack of funding is undermining the ability of small communities to address their needs, attract new jobs and development,” Coleman said. “The needs are there. Rural communities can’t do it themselves.” Coleman said that the legislation is an outgrowth of visits he and his staff have made to all 87 counties of Minnesota. If passed by Congress in the 2004 session, the act would create a quasi-governmental non-profit organization - the Rural Renaissance Corporation - that would issue $65 billion in bonds. The RRC would distribute $50 billion to states to implement eligible projects in the form of grants to communities over a one to three year period. $15 billion would be kept in a fund to repay the bond principal over a 10 year period. Corporations needing tax credits would invest in the fund by purchasing bonds. Coleman called the financing of the project a creative way to generate the necessary capital without further adding to the nation’s debt. “The Rural Renaissance Act will empower residents and businesses to upgrade their community’s aging infrastructure, attract new investment and jobs, while still maintaining their small town values and way of life,” Senator Coleman said.