Make your own free website on Tripod.com
Recommended Resources
Cyberhaven.com Offshore havens, asset protection, global investing and other useful techniques.
The Year 2000 Bookshelf Books to help your evaluate the Y2K problems you face.

Gary North's Y2K Links and Forums - Mirror

Summary and Comments

(feel free to mail this page)


Category: 

Government

Date: 

1998-04-07 17:10:59

Subject: 

Massachusetts Discovers Y2K: $20 Million Bill

  Link:

http://www.businesstoday.com/archive/topstories/y2k30.htm

Comment: 

It seems a bit late in the game to be discovering y2k. Massachusetts is now considering a bill to allocate $20 million to solve it.

This is from BUSINESS TODAY (March 30).

* * * * * *

State lawmakers say it's going to take $20 million, and possibly legislative action, to prepare for the expected fallout from the Year 2000 computer problem.

The state Senate Science and Technology Committee has asked that $20 million be appropriated so that it can begin to deal with the coming computer glitch.

And if that $20 million isn't enough, committee members may consider enacting laws to ensure protection from what lawyers expect will be a flurry of Millennium-related lawsuits.

A spokesman for committee member Sen. Linda J. Melconian (D-Hamden,) said legislators recommended the money be set aside because they didn't want to be "short changed" when it comes to dealing with the issue.

"It is a problem the committee is aware of," said Melconian Spokesman John Macinerny. "They asked (Administration and Finance) Chairman Charlie Baker to be honest - to come up with an honest amount for what it might take to address the Year 2000 - and that's what they came up with."

Link: 

http://www.businesstoday.com/archive/topstories/y2k30.htm

Return to Category: Government

Return to Main Categories

Return to Home Page