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THE WHITE HOUSE

Office of the Press Secretary


For Immediate Release June 6, 1995

PRESIDENT CLINTON NAMES REMAINING TWO MEMBERS TO WASHINGTON, D.C.

FINANCIAL RESPONSIBILITY AUTHORITY

President Clinton today named the remaining two members of the Washington, D.C. financial responsibility authority, which he activated on May 31 to help steer the District back to financial health.

Named to the five-member District of Columbia Finanical Responsibility and Management Assistance Authority were Stephen D. Harlan, president of H.G. Smithy Company, and Edward A. Singletary, former vice president and secretary of the Bell Atlantic Corporation.

Harlan and Singletary will join board chair Andrew F. Brimmer and board members Joyce Ladner and Constance B. Newman whom the President named to the authority on May 31.

"I am very pleased to be able to appoint these two outstanding individuals," the President said. "We now have in place a board with the requisite skills and background to assist the District."

Under the District of Columbia Financial Responsibility and Management Assistance Authority Act of 1995, which the President signed April 17, an authority was created to assist the District in eliminating budget deficits, managing programs more efficiently and effectively, borrowing funds and ensuring the long-term viability of the Nation's capital.

The five members will serve three-year terms without compensation. Along with residing in the District, each member will bring to the authority his or her expertise in business, government, or academia.

The Administration, led by Office of Management and Budget Director Alice M. Rivlin, worked closely and on a bipartisan basis with key members of Congress throughout the process of passing the legislation and naming board members.

Today's appointees are: