Newspaper article THE JOURNAL RECORD
A provision in the 1985 Tax Reform Act to eliminate tax-exempt bonds is further threatening the financial stability of state schools already shaken by state and federal education cuts, U.S. Rep. James R. Jones told the Senate Subcommittee on Education Monday.
More than 300 school superintendents attended the meeting in the state Senate chamber.
Jones, D-Okla., said he is sponsoring a measure that would specify that provisions affecting tax-exempt bonds not take effect earlier than Jan. 1 of next year.
* * *
A special Oklahoma House committee voted unanimously Monday to recommend a freeze on state employees' salaries.
The action came after committee members were told that field workers in the state Department of Human Services were poised to receive raises totaling $2.3 million.
Rep. Don Mentzer, D-Sallisaw, told the committee that the raises would be granted automatically under a plan passed by legislators two years ago to re-evaluate jobs and correct inequities in Human Services salaries.
Rep. Kenneth Converse, D-Tishomingo, who is chairman of the special committee, said the state cannot justify those raises.
Converse's committee was formed last week to look into the salary structure of state agencies.
* * *
TULSA - Hinderliter Industries Inc. of Tulsa said it sold 197,091 shares of common stock and warrants to purchase 72,635 shares of the common stock of Arnox Corp.
Hinderliter didn't identify the buyer.
It said it also agreed to sell an additional 65,696 Arnox common shares and 24,212 warrants.
In late 1985, Arnox went public, reducing Hinderliters' interest in the company to 15 percent.
* * *
More than 50 workers laid-off by the closing of the B.F. Goodrich Co. plant in Miami, Okla., have applied through the Oklahoma State Employment Service for federal relocation allowances, the service said Monday.
Those workers seeking relocation allowances have found jobs elsewhere and plan to move from the Miami area, according to Gordon Bradley, Oklahoma employment Service coordinator for the Trade Readjustment Act program. …