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Technology Stocks : Discuss Year 2000 Issues
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To: C.K. Houston who wrote (4698)3/16/1999 8:00:00 AM
From: flatsville  Read Replies (1) of 9818
 
From the same issue: Starting to get the picture regarding where the trouble may be?

civic.com

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Congress Considers $40 Million in Y2K Relief for States
March 3, 1999

State and local governments hurting for funds to pay for Year 2000 contingency plans could see some relief from the federal government should Congress enact the "Y2K State and Local Government Assistance Programs (GAP) Act of 1999 introduced March 2 in the U.S. House of Representative.

The GAP bill would direct up to $40 million out of the Y2K Emergency Supplemental Funds designated as part of the fiscal 1999 Omnibus Act. Rep. Diana DeGette (D-Colo.)" introduced the measure to establish a relief program to fund no more than 75 grants and give priority to state systems processing federal welfare programs.

This new bill (H.R. 909) mirrors legislation introduced this year by U.S. Sen. Daniel Patrick Moynihan (D-N.Y.) that would set up a matching grant program to provide $2 in federal money for every $1 a state spends to remediate systems.

Under the proposed House legislation, state governors' offices would submit applications for funding and include proposed plans for remediation, proposed budgets and a specific funding amount. No state would receive more than two grants, and the program would be managed by the secretary of the U.S. Commerce Department.

H.R. 909 has been referred to the House Committee on Government Reform To read full text of the bill, search thomas.loc.gov for H.R. 909.

-- Jennifer Jones (jennifer_jones@fcw.com)
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