Press Releases
WASHINGTON- Today, the House of Representatives passed the Continuing Resolution which includes the necessary provision to restore geothermal royalties to local counties. Geothermal production requires counties to provide increased public services, such as police patrols, and requires increased maintenance of public goods, such as roads. Geothermal revenue sharing provides a funding stream to allow local governments to support these necessary community services.
WASHINGTON--- Today Congressman Mike Thompson announced that the Rural Community Assistance Corporation will receive $2 million as part of the CDFI'sCapital Magnet Fund Program through the Treasury Department. These funds will allow the Rural Community Assistance Corporation (RCAC) to support local single and multifamily affordable housing projects in rural areas.
Good afternoon Chairman Conyers, Ranking Member Smith, Members of the Committee and colleagues. I appreciate the opportunity to testify today.