My fear is that this is subject to legislative definition. If it is subject to legislative definition, then we can have a broad group of expenditures that would come under the category of capital investments. If it is in any way related to affect something that is fixed or of a capital nature, it allows for a lot of leeway, and I am fearful that it would be subject to a loophole. How can we, in effect, close that loophole if it be such a loophole?
Howell Heflin: “My fear is that this is subject to legislative definition. If it is subject to legislative definition, then we can have…”
Editor's note · Context
Heflin expresses concerns about potential loopholes in legislative definitions related to capital investments.
Share
More from Howell Heflin
As I understand it, this has been shown to the Department of Agriculture, and they have reservations pertaining to this. They are in the process right now of probably becoming involved in a lawsuit. Therefore, they object to it, and…
I am proud to announce that Alabama's own Jeremy Royal is the recent recipient of Wendy's High School Heisman Trophy. Young Jeremy is a senior at Altamont High School in Birmingham, where he is valedictorian of the class of 1996. This is a…
In regard to the alternate dispute resolution, if I recall right--I do not have it before me right now--there was a GAO study which indicated that they thought the bill would increase the transaction costs and that one of the reasons for…
I was speaking of the GAO report. I do not have it before me. But as I recall the GAO report indicated that the provisions of the bill--maybe it was a predecessor of it--in their judgment would not reduce transactions costs, and that one…





