On the recordNovember 4, 2015
This is not about making money. The Houston Metropolitan Transit Authority chairman yesterday told me that their asset-to-debt ratio is about 2:3:1. So they have got 2 to 3 times more assets than they do debt. That is what this amendment says, that we will, as good stewards of our taxpayers' hard-earned dollars, only send Federal transportation grants to transit agencies like Houston Metro that have done a good job managing their responsibilities and their assets are at least on par with their debt. That is all it says. I reserve the balance of my time. Mr. DeFAZIO. Mr. Chairman, I continue to reserve the balance of my time.
