Frank Murkowski said "Further, it is my understanding that the oversight board may issue rules and regulations and standards consistent with its responsibilities in setting policies and goals for case resolution. In Mr. Altman's February 1 letter to the Senator, he indicated that the RTC would pursue all appropriate remedies, using ``standard procedures.'' That would suggest to me it is a standard procedure to seek tolling agreement in civil proceedings seeking a recovery of taxpayer funds. I think in this instance we are talking about something in the area of $47 million, or thereabouts. So would it not be fair to assume that the oversight board has rules that would require seeking tolling agreements in a case such as Madison?" @ PoliticalQuotes.com

On the recordFebruary 8, 1994

Further, it is my understanding that the oversight board may issue rules and regulations and standards consistent with its responsibilities in setting policies and goals for case resolution. In Mr. Altman's February 1 letter to the Senator, he indicated that the RTC would pursue all appropriate remedies, using ``standard procedures.'' That would suggest to me it is a standard procedure to seek tolling agreement in civil proceedings seeking a recovery of taxpayer funds. I think in this instance we are talking about something in the area of $47 million, or thereabouts. So would it not be fair to assume that the oversight board has rules that would require seeking tolling agreements in a case such as Madison?

Said by

Frank Murkowski

Alaska

Source

govinfo.gov

Editor's note · Context

Murkowski discusses oversight board rules regarding tolling agreements in civil proceedings for taxpayer fund recovery.

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