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Panel Kills Bid To Curb State Pollution Law

Funds Mutual Vanguard Congressional negotiators on Wednesday delivered a win on environmental regulation for California and a challenge to the Bush administration on media ownership.

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Funds Mutual Top The actions came as House and Senate bargainers began crafting a $285-billion spending bill to fund government departments, several independent agencies and the District of Columbia government.

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Funds Market Money In a significant victory for environmentalists, the conferees rejected a Senate-passed provision that would have blocked efforts by California and other states to cut pollution produced by small gasoline engines, such as lawn mowers and chain saws.

. Under Art. 27, para (3) of the Law on Public Offering of Securities With this notification Deltastock Inc. informs you that in compliance with Art. 77a of the Law on Public Offering of Securities, a Fund for Compensation of Investors is established, hereinafter referred to as he Fund as a legal entity with its head office in Sofia, Bulgaria. The Fund shall guarantee the payment of compensation to the clients of an investment intermediary and to its subsidiaries in the host member states under the conditions and procedure of this Law on Public Offering of Securities, by the raised in the fund money, in he cases where the investment intermediary is not able to pay its liabilities to the clients, due to reasons directly linked to its financial situation.

Funds In Investing Mutual That action, reversing a Senate vote last week, was a victory for California's congressional delegation and for Arnold Schwarzenegger, the state's new governor. Lawmakers said the nascent Schwarzenegger administration lobbied against the provision, arguing that the state could lose federal highway funding if it is unable to adequately cut smog.

Blue Chip Value Fund, Inc. (the Fund) is a diversified, end management investment company, registered under the Investment Company Act of 1940. The Fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in equity securities of large companies with headquarters in the United States, such as those included in, or similar in size to those included in, the S and P 500 Index. Denver Investment Advisors LLC (DIA) acts as the Fund's investment adviser, while ALPS Mutual Funds Services, Inc. and DIA serve as the Fund' administrators.

Fidelity Funds Mutual Rep. James T. Walsh (R-N.Y.) said Schwarzenegger administration officials "made it very clear" that California would suffer if the Senate-passed smog provision were to become law.

Dreyfus Strategic Municipals, Inc. (the Fund) end management investment company. The Fund's investment objective is to maximize current income exempt from federal income tax to the extent believed by the Fund's investment adviser to be consistent with the preservation of capital. Under normal market conditions, the fund invests at least 80% of its net assets in municipal obligations. Generally, the fund invests at least 50% grade or the unrated equivalent as determined by Dreyfus.

Funds Load Mutual No Backers of the provision said they would renew their attempt to block or undo state regulation of engines under 50 horsepower. But Sen. Dianne Feinstein (D-Calif.) said she would fight what she called "a major cutback of the Clean Air Act."

Funds Investment On media ownership, negotiators approved a amendment to the spending bill that would overturn a Federal Communications Commission decision in June to allow a television network to own enough stations to reach up to 45% of viewers nationwide.

Funds Retirement Approved without recorded dissent and over strong Bush administration opposition, the rider would keep the ownership cap at 35%.

Funds Trust The FCC provision still faces several hurdles. Before it can become law, lawmakers must draft and file a final version of the spending bill expected to occur within days and the House and Senate must approve it and send it to Bush. Votes could begin this week.

Closed End Funds Bush could block the bill with a veto; the White House issued a statement Nov. 10 threatening one if Congress attempted to roll back the FCC regulations.

Funds Ohio Unclaimed But lawmakers on the House-Senate appropriations conference committee challenged that threat. "Right now, in this process, it's the final word," Sen. Ted Stevens (R-Alaska), chairman of the Senate Appropriations Committee, told reporters after Wednesday's action.

Aim Funds "It's in," Senate Minority Whip Harry Reid (D-Nev.) said of the FCC rollback provision. Asked whether it could be removed, Sen. Larry E. Craig (R-Idaho) said: "Probably not."

College Free Funds Grant The FCC provision was not the spending bill's only controversy. Lawmakers remained deadlocked over an administration proposal to strip many workers of the right to collect overtime pay.

Active Funds Index Investor Critics contend that the proposed Labor Department rule would eliminate eligibility for overtime pay for up to 8 million workers in a variety of professions. Advocates acknowledge that 644,000 white-collar workers would lose time-and-a-half compensation for working more than 40 hours in a week but claim that other classes of workers would gain overtime protection through the new regulations.

Electronic Funds Transfer Democrats and at least one pivotal Republican, Sen. Arlen Specter of Pennsylvania, demanded that the spending bill include a Senate-passed provision to block the overtime proposal.

Ci Funds Republican congressional leaders and administration officials were equally adamant that Congress would risk a Bush veto if it intervened to delay the Labor Department's proposed rule.

Funds India Mutual The legislation at issue would fund the District of Columbia's government, the departments of Labor, Education, Health and Human Services, Agriculture, Commerce, State, Justice, Veterans Affairs, Housing and Urban Development and several independent agencies, including the FCC, for the fiscal year that began Oct. 1.

Cost Easy Exchange Fund Funds On one prominent education issue, negotiators were in accord: The bill would be used to create the first federally funded school voucher program.

Fund Funds Hedge A proposal backed by the Bush administration would set aside $13 million to help low-income parents in the District of Columbia pay for private- or parochial-school tuition. The House approved the proposal earlier this year; the Senate, stymied by Democratic opposition to vouchers, did not. But Democrats conceded they would not be able to stop the program through the spending bill.

Cox Dodge Funds By Nick Anderson
Los Angeles Times - 11/20/2003

Topic: Air Pollution

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