Political Quotes

Howell Heflin: “Let me ask the Senator about section 4 where he uses the words ``total estimated receipts of the operating funds shall…”

On the recordFebruary 28, 1994
Let me ask the Senator about section 4 where he uses the words ``total estimated receipts of the operating funds shall exclude those derived from,'' and it says ``net borrowing.'' In the Simon amendment, it includes borrowing derived from borrowing. I do not understand exactly what is meant by ``net'' there. Would the Senator explain that to me?
Said by
Howell Heflin
Democratic · Alabama

Editor's note · Context

The speaker is seeking clarification on the terminology used in a legislative amendment regarding financial receipts.

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