Financial-Rescue Measure Includes Provisions for Rural Schools, Facilities
Congress has approved a $700 billion plan aimed at stabilizing credit markets that also included an authorization of long-sought funds for rural school districts.
The financial-assistance package includes a reauthorization of the Secure Rural Schools and Community Self-Determination Act, which provides federal aid to make up for diminished timber-tax revenues in districts that are home to national forests. The House of Representatives approved the measure today by a vote of 263-171. The Senate approved the measure Oct. 1 by a 74-25 vote.
The rural schools measure would renew the program through 2011, at a cost authorized at about...
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