AGC in praise of U.S. House.The Associated General Contractors Associated General Contractors of America is the nation's oldest and largest trade association representing the construction industry. It was formed in 1918 following a request by President Woodrow Wilson. of America (AGC AGC Automatic Gain Control AGC Automotive Glass Cartridge (fuse) AGC Associated General Contractors AGC Associated General Contractors of America AGC Atypical Glandular Cells AGC Attorney-General's Chambers ) praised the U.S. House of Representatives for passing the 2006 Transportation, Treasury, Housing and Urban Development Appropriations bill. The House completed all 11 appropriations measures for 2006, which propose to increase overall spending for construction programs by more than 7 percent over 2005 levels. "The record strength of the construction industry over the past 15 months has had a great impact on our growing U.S. economy, and we must continue to adequately fund construction programs such as infrastructure spending," says Stephen E. Sandherr, AGC CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "AGC is pleased that the House recognizes this need to increase construction spending Construction Spending An economic indicator that measures the amount of spending towards new construction. Released monthly by the U.S. Department of Commerce's Census Bureau, it looks at residential and non-residential construction in the private sector, and state and federal at , given the many other budget priorities facing the Congress." The House passed spending increases on programs including federal highways, U.S. Army Corps of Engineers and Department of Military Defense construction. The appropriations approved by the House include $37 billion to Federal Aid Highway programs--a 5.4 percent increase over 2005. The House also approved $8.5 billion in mass transit mass transit, public transportation systems designed to move large numbers of passengers. Types and Advantages Mass transit refers to municipal or regional public shared transportation, such as buses, streetcars, and ferries, open to all on a grants--a $900 million increase over 2005. AGC commended House Appropriations Committee In the United States government, the Appropriations Committee can refer to either:
In a press release, AGC says it looks forward to the Senate completing its work on the spending bills and hopes that Congress will finalize the 2006 appropriations process before the Sept. 30, 2005, deadline. |
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