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SRA Member, Citie5 <br />kctober 27, 1,988- <br />Page 2 <br />effect,t t,he repealer forgives approximately $32 million <br />in loans, to the two cities. <br />I <br />Another morel important mat,ter, at least in terms of <br />dollars, 'is the, a bolit i loin, of the federal grant program, <br />It now appears that the federal share will be reduced by <br />approximately $49 million from that expected when the <br />f'unding plan wa,s developled. <br />I would appreciate "it "if you, will provide a copy of the <br />I res olutiI o, il. did t adopt 'tr to Tne <br />3. <br />or to SRA cliounsel,. A brilef report on what other steps <br />Ii <br />have beein taken would assist the SRA Board at its January <br />meeting in determining whiat more to do on thi's subject, <br />Enclosure <br />00601tiOl.b18, <br />cc: Directors <br />