Word: exempt
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Dates: during 1980-1989
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Harvard and other educational lobbies argued against any cap on tax-exempt bonds. John Shattuck, vice president for government and community affairs, said the limit was unfair because it makes it much more costly for private universities to raise capital than for public schools, which the legislation would not affect...
Despite their large endowments, major universities invest rather than spend their gifts, Davie said. "Harvard keeps the money [it gets from donors] and invests it at 12 percent, and borrows at 8 percent in the tax-exempt bond market rather than use the money people gave them," he said...
Police officers, mailmen, and certain operators of delivery vehicles will be exempt from the law. But firefighters and taxicabs will be subject, and taxis will forced to install seat belts, said Grossman...
Retired people should not be exempt from this legislation, either. They have shuffleboard and Miami; they should be happy with that. What can they do when they're drunk, anyway...
...payments to those who do not participate, and a large-scale effort to make sure that those who do will get adequate training and job-placement services. Roughly one- third of California's 586,000 Aid to Families with Dependent Children cases will be affected. The handicapped will be exempt, as will single parents with children under the age of six. All other healthy AFDC recipients will be ordered to take any necessary training, ranging from remedial math and language classes to high school equivalency courses...