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S S h ;y J OPEN 7:30 AM ’til 4 PM 1..”717 gn =NJ L. i! Li r Downtown’s Newest BREAKFAST BREAK Across from the Alamo National. Bank 135 East Commerce, San Antonio 225-0231 thssified__ COMMUNITY ORGANIZERSACORN needs organizers to work with low and moderate income families in 16 states for political and economic justice. Direct action on neighborhood deterioration, utility rates, taxes, health care. Tangible results and enduring rewardslong hours and low pay. Training provided. Contact ACORN, 503 West Mary, FREEWHEELING BICYCLES. 2404 San Gabriel, Austin. For whatever your bicycle needs. BOOK-HUNTING? No obligation search for rare or out-of-print books. Ruth and John River Hills Road, Austin 78746. JOIN THE ACLU. Membership $20. Texas Civil Liberties Union, 600 West 7th, Austin 78701. MOUNTAIN RETREAT & HOT SPRINGS in private valley. Enjoy room, meals, swimming, sunbathing and exercise classes from Guadalajara, Jalisco, Mexico. SIMPLE WILL. Instructions with sample. $3.00. Roy Publication, Box 2084, Beaumont, Texas 77704. AMSTERDAM CANTOS Y POEMAS PISTOS by Ricardo Sanchez, Texas and America’s outstanding Chicano poet. The Chicano mindispirit encountering Europe. In English and Spanish. Available Sept. 1979. $3.50 paper. Place of Herons Press, Box 1952, Austin 78768. Write for our PEACEABLE KINGDOM Foundation and School has residencies available in the following areas: business manager, land manager, maintenance/carpenter, blacksmith, organic gardener, kitchen/garden coordinator. Fifty acre experimental craft community founded in 1971. Write Peaceable Kingdom School, Washington on the Brazos. Texas 77880. BACKPACKING MOUNTAINEERING RAFTING. Outback Expeditions, P.O. Box THE SAN ANTONIO Democratic League meets the first Thursday of each month. For information, call Jim Bode at 344-1497. THE PEACE MOVEMENT is alive and well in Texas. The American Friends Service Committee works for disarmament, human rights, economic justice. Join us. Write AFSC, 1022 W. 6th, Austin 78703. Classified advertising is 300 per word. Discounts for multiple insertions within a 12month period: 25 times, 50%; 12 times, 25%; 6 times, 10/a. miums, for example. Perot persuaded TDHR to accept estimates of future claims that were substantially in excess of TDHR staff estimates. As a protective measure, TDHR added a contract provision requiring that the state receive “premium credits” if the risk stabilization reserves became too large. As a result of the premium credit arrangements, NHIC refunded about $57 million to TDHR in 1980. While it was to the state’s advantage to get the money back, the taxpayers still lost money on the arrangement, because NHIC took its risk rentention bite off the top of the money that was eventually refunded. In this state fiscal year, Perot’s risk charge retention profits on the premium credit arrangement cost the state about $800,000. With respect to the return of the $101 million that NHIC now holds in its risk reserves, the state has a choice of two options under the terms of the current TDHR-NHIC contract. Upon contract termination on August 31, 1981, the state could require NHIC to return all of the money in both reserves, upon 120 days’ notice. In return, the state would be obliged to assume all risks inherent in the contract if unpaid claims exceeded the funds in the reserves, the state would have to cover the losses. But since the reserves on hand now exceed NHIC’s estimate of the estimated cost of claims outstanding by 108 percent, assumption of that “risk” hardly seems risky. Alternatively, the state could leave the entire “risk” in the hands of NHIC. Under that scenario, NHIC would be entitled to retain 150 percent of the amount in the incurred claims reserve for 96 tion date of the contract. Unpaid balances owed for claims \(the amount in the evaluated annually, with additional refunds to be credited to the state after each re-evaluation. With the incurred claims reserve now at $48.6 million, that arrangement would leave NHIC with a total of about $72.9 million of reserves on hand at contract termination. Of that amount, about $26 million would be unencumbered funds left in NHIC’s hands purely as a cushion against potential but unlikely losses. The TDHR staff estimates that at the end of August 1982, the state would recover about 80 percent of that cushion. In the interim, the state would be credited with the interest on those funds, but at the current contract interest rate 97.5 percent of the average interest rate on 90-day Treasury Bills. In their analysis, the TDHR staff assumes that the department would select THE TEXAS OBSERVER 19