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Women's Media Center Scorecard Home Department of Commerce History | ALEC – American Legislative Exchange Council More than 40 years ago, a small group of state legislators and conservative policy advocates met in Chicago to implement a vision: A nonpartisan membership association for conservative state lawmakers who shared a common belief in limited government, free markets, federalism, and individual liberty. Their vision and initiative resulted in the creation of a voluntary membership association for people who believed that government closest to the people was fundamentally more effective, more just, and a better guarantor of freedom than the distant, bloated federal government in Washington, D.C. At that meeting, in September 1973, state legislators, including then Illinois State Rep. The Birth of ALEC Task Forces The concept of ALEC task forces dates back to the early days of the first Reagan administration when, in 1981, the President formed a national Task Force on Federalism, which was headed by U.S. From Clearinghouses to Think Tanks The ALEC Formula for Success
Troubled power plant reaches agreement with creditors _ Budapest Business Journal _ bbj.hu Troubled power plant , a unit of state-owned Hungarian Electricity Works (MVM), has reached an agreement with its creditors after more than five months under bankruptcy protection, the company said on Monday. The agreement will be closed after approval by the court of Komarom-Esztergom County. Vertesi's proposal, to pay back about HUF 5.6 billion in a lump sum, was approved by all of the company's secured creditors and 90% of its unsecured creditors. Vertesi can only pay the amount with a HUF 4 billion loan from its parent company. The loan was approved by a general meeting of MVM shareholders after earlier talks with creditors failed. The agreement and the loan from MVM give Vertesi time to reorganize and return to profitable operation.