Sentence examples for repaid funds from inspiring English sources
Geithner subsequently has announced that $25 billion of the repaid funds would go to small banks.
"I write to request that you consider allocating a portion of the repaid funds to provide bridge loans to enable homeowners who have lost their jobs to meet their mortgage payments," wrote Cummings in a letter to President Obama.
In response, Geithner has argued that because the law allows for no more than $700 billion "outstanding at any one time," he can use repaid funds as long as the total amount under the TARP doesn't exceed the cap.
Since Treasury Secretary Timothy Geithner announced in April that the TARP would benefit from billions in repaid funds, members of the House and Senate have questioned the legality of using that money for anything but reduction of the public debt.
In light of Tuesday's announcement by Secretary of the Treasury Timothy Geithner that 10 of the largest financial institutions participating in the Capital Purchase Program will be permitted to repay government funds, I write to request that you consider allocating a portion of the repaid funds to provide bridge loans to enable homeowners who have lost their jobs to meet their mortgage payments.
At least two lawmakers have questioned the legality of recycling TARP money after Geithner announced in April that the TARP would benefit from $25 billion in repaid funds, a number that climbed to $35 billion in a Washington Post story on Saturday.
The pro argument is that Congress isn't anxious to allocate new money for banking rescues, and so if repaid TARP funds can be reloaned to the most troubled banks, then it's best to go ahead and get those funds back and available for re-use.
The plan would let Southern California Edison issue a bond, which would be repaid with funds subsidized by rate payers.
Under the old I.R.S. rules, the companies would have had to forgo the tax benefit when they repaid the funds and the government sold its stake — something that would have taken place when they repaid the money and the government sold its stakes.
The district first discovered missing funds in 2002 but believed, based on an audit, according to board members, that only $250,000 had been taken, so they allowed Ms. Gluckin to resign, citing "personal and medical reasons" after she repaid the funds.
He told the committee that it was a mistake and that he later repaid the funds.
