Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-03-10

INCLUDING routes, location OF
parking lots, bus terminals and
rail stations, and financial
reports. Governments of all
Jurisdictions would review
every aspect of the plan. Gov
errors of Maryland and Vir-
GINA would have veto power
over any segment of the pro-
gram affecting State areas.
If the Governors approved,
however, the agency could
acquire, construct or operate
transportation facilities in the
State affected. under the draft
language.
The agency could give money
to regional highway directors
to build essential links in the
road systems or to acquire
median strips for transit use.
Again, Governors would have
to approve this kind of aid.
Contracts could be let by
the agency for construction of
such facilities as terminals,
cafeterias or shops serving
terminals. All such construc-
ton would be subject to State
and city coming and building
laws. And it couldn't be done
without the Governors ap-
proval in States.
After July, 1868, the Presi-
dent could set up the corpora
ton with the same administra-
tive control as the agency. This
would not be automatic, under
the draft bill.
Conviction First
The President would be
prevented from establishing the
corporation If an interstate
compact agency already had
been formed to succeed the
temporary agency. Or, if the
compact agency was planned
but not formed, the President
would be required to give due
regard to progress which may
have been made toward nego-
tiation of such compact"
He wouldn't act, in other
words, until he was convinced
that the interstate agency was |
an impossibility. And until he
did act to create the corpora
ton. the temporary agency |
would continue its interim func-
tions.
Unlike the agency, the cor
poration could build, condemn
and operate transportation ia
cilities. No clearance from State
Governors or from private |
transit operators would be re-
quired. Public need, as judged .
by the administrator of the
corporation, would determine |
the extent Of corporation activi-
ties.
Direct appropriations by Con-
gress would finance the agency.
Corporation financing would
be more complicated,
The draft calls for creation
of a National Capital Transport
tation Corporation Fund at
the same time the corporation
comes into existence. The cor
poration administrator would
ask Congress to appropriate
money for the fund.
Treasury Borrowing
In addition, the corporation
could borrow from the Federal
Treasury amounts equal to the
total in the fund appropriated
by Congress.
The corporation would pay
the Treasury interest on the
capital in the fund, in amounts
determined by the Secretary Of
the Treasury.
Receipts from the operation
Of any corporation facilities
also would be channeled into
the fund. But if receipts did
not cover corporation expenses,
then congressional appropria-
tions would make up the
losses.
The congressional appropria-
tons for this purpose would be
applied to the loss, and not
added to fund capital on which
interest payments would be
due.
Each year, the corporation
would be required to prepare a !
budget for the Budget Bureau
and Congress, reviewing cap
ital assets, operating expenses,
operating revenues and borrow
ing prospects.
If the corporation is created
it probably will have one major
lresponsibility-the construction
and operation of a rapid rail
system. In addition, it would
exercise considerable control
over bus and auto routes
planned to feed and supplement
the rapid rail cars.