UNDERWRITERS-GOV-NO INTEREST

Urges the Governor's Office of Management and Budget to enter into conversations with the financial institutions that serve as bond underwriters for the State and demand that they offer the State long-term loans with terms of up to 30 years to meet all of its borrowing needs without charging any interest or fees. Urges the Federal Reserve Bank of the United States to offer long-term loans with terms of up to 30 years to meet all of the borrowing needs of all state and local governments and government units in the United States without charging them any interest or fees.