Sentences with phrase «dollar loan guarantees»

Not exact matches

To get the province to give ground, Ottawa initially tried tying a billion - dollar federal loan guarantee for the Muskrat Falls hydro project to a change in the fish - processing rules.

In early September, Solyndra ceased operations, laying off 1,100 staff and dooming the U.S. government's hopes of recovering more than half a billion dollars in loan guarantees offered to the company as part of the 2009 stimulus plan.

Through loan guarantees, government investment or other subsidies, Ottawa and Alberta can try to keep the project afloat with your tax dollars — beyond the point at which the market would otherwise kill it.

The guarantee fee is based on the loan's repayment terms and the dollar amount guaranteed, not the total value of the loan.

Singh, 59, of Laurel Hollow, has pleaded guilty to bribing Edward Mangano and Venditto in exchange for hundreds of thousands of dollars in county contracts and millions of dollars in town - guaranteed loans.

Oyster Bay has run up hundreds of thousands of dollars in legal fees to defend its position regarding the loan guarantees.

Venditto's lawyer says in court papers that the former supervisor was a victim of a scheme orchestrated by Singh, Deputy Town Attorney Fred Mei and Harris Beach to obtain millions of dollars in loan guarantees for Singh.

Singh took the stand for the fourth day in Central Islip to detail the perks he showered on officials in exchange for their help in arranging millions of dollars in indirect loan guarantees for his town - connected businesses.

Newsday columnist Joye Brown spoke with News 12 Long Island following another day in court as Harendra Singh took the stand for the fourth day in Central Islip to detail the perks he showered on officials in exchange for their help in arranging millions of dollars in indirect loan guarantees for his town - connected businesses.

An outside financial adviser and an independent auditor for the Town of Oyster Bay both testified Tuesday that the town kept them in the dark for years about the millions of dollars of town - guaranteed loans for restaurateur Harendra Singh.

Mangano and former Oyster Bay Town Supervisor John Venditto were charged in October 2016 with conspiring to award hundreds of thousands of dollars in county contracts to restaurateur Harendra Singh — a 25 - year friend of Mangano and his wife, Linda — and helping him secure indirect loan guarantees from the town.

Singh said he did so in exchange for hundreds of thousands of dollars in county contracts and millions of dollars in town - guaranteed loans.

Last year his business holdings collapsed as Singh, deeply in debt, was accused of 13 federal charges, including bribing an Oyster Bay official to obtain millions of dollars of municipal loan guarantees.

As his money problems mounted, Singh allegedly bribed Oyster Bay officials to guarantee millions of dollars in loans that prosecutors said were used for operating expenses of other businesses rather than the capital expenses at town facilities for which they were intended.

Singh, 59, of Laurel Hollow, pleaded guilty to bribing Mangano and Venditto in exchange for their help in securing hundreds of thousands of dollars in county contracts and more than $ 20 million in town - guaranteed loans.

Singh, 59, of Laurel Hollow, pleaded guilty to bribing Edward Mangano and Venditto in exchange for county contracts totaling hundreds of thousands of dollars and town - guaranteed loans totaling more than $ 20 million.

Venditto and former Nassau County Executive Edward Mangano are fighting charges that they took bribes from restaurateur Harendra Singh in exchange for helping Singh secure hundreds of thousands of dollars in county contracts and more than $ 20 million in town - guaranteed loans.

Singh, 59, of Laurel Hollow, who testified in the trial's first four weeks, pleaded guilty to providing Mangano and former Oyster Bay Town Supervisor John Venditto with bribes in exchange for county contracts totaling hundreds of thousands of dollars and town - guaranteed loans totaling about $ 20 million.

According to him, the second phase of the project, which was expected to cost about 48 million dollars would be paid for by the University after an agreement was reached for the institution to guarantee the loan.

Singh said that, in exchange, he received hundreds of thousands of dollars in county contracts and millions of dollars in town - guaranteed loans.

Freddie Mac and Fannie Mae, own or guarantee over $ 5.5 trillion dollars worth of mortgage loans, and... View Article

To the readers here, my belief... the U.S. government should never allow PRIVATE STUDENT LOANS to be taken out for anyone who's future income is a GUARANTEE of at least 50,000 dollars a year.

Every dollar you invest in paying off your loans earns you a guaranteed rate of return of 10 - 15 %, whatever the loan rate is.

Photo: «U.S. Dept. of Agriculture Secretary Tom Vilsack (l) greets Cool Planet CEO Howard Janzen (r) prior to the announcement that Cool Planet has been awarded a $ 91 million dollar USDA loan guarantee» Source: [link]

Every time a government grant (or loan guarantee) is awarded in any context we should be told two figures: the amount in dollars — and the number of taxpayers whose annual taxes will be required to pay for it.

If I had a dollar for every conversation with a biofuels processor that included the phrase «loan guarantee», I might well be able to finance a project or two myself.

«Solyndra Files for Bankruptcy, Looks for Buyer --» A California solar panel manufacturer that received more than a half - billion dollars in government loan guarantees filed for Chapter 11 bankruptcy...»» — Business Week, Sep. 6, 2011

But such is the extent of regulatory capture in the electricity sector, that the government has handed out billions of dollars to coal fired generators to ensure they stay open, offered billions more to ensure that some actually close, as well as offering loan guarantees to all and sundry in case they get into a spot of bother (which is probably all they needed in the first place).

«This loan guarantee program — 27 companies got your tax dollars.

The major failure has been in efforts to commercialize technologies, with many billions of dollars essentially wasted on loan guarantees, tax credits, and other subsidies that never produced results.

Solyndra had opened a $ 700 million manufacturing facility, received half a billion dollars in loan guarantees from the Department of Energy, and was publicly touted by President Obama.

A growing number of European and Asian solar companies are opening factories in the U.S. to take advantage of a growing market and the economic stimulus plan by the federal government to give billion of dollars in grants and loan guarantees to renewable energy equipment manufacturers and power plant developers.

Back in December, Mike wrote about how Norwegian electric car manufacturer THINK had the rug pulled out from under them when the government wouldn't guarantee several million dollars in loans that the company hoped would pull it through a rough financial patch.

So far, though, most objections to the giant solar projects planned for the Southwest have been washed away by a tsunami of money from Wall Street, lured to invest by billions of dollars in federal grants, tax credits and loan guarantees and a fast - track regulatory approval process.

Here in the U.S., meanwhile, the Energy Department's support for next - generation photovoltaic research amounted to $ 21.7 million in grants that were doled out in 2007 to two dozen colleges and universities, a figure that pales by comparison with the billions of dollars in grants and loan guarantees the government is handing out for new industrial - scale projects.

The nuclear industry, too, has benefited from billions of dollars in subsidies — including loan guarantees — over the last half - century.

This same sense of perseverance must hold true for the energy sector, which Congress recognized when it allocated those dollars in the loan guarantee program and DOE continues to recognize as evidenced by its SunShot Initiative.

The VA's guarantee eliminates the need for service members to purchase mortgage insurance for their loans, saving them thousands of dollars.