Full TGIF Record # 36805
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Web URL(s):https://gsr.lib.msu.edu/1950s/1959/590629.pdf
    Last checked: 10/2002
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Publication Type:
Author(s):Virtuoso, Andrew P.
Author Affiliation:President, Whippoorwill Club, Armonk, N. Y.
Title:Financing the remodeling job
Meeting Info.:"Golf course rebuilding and remodeling - Design, Financing and time factors to consider"; the third annual educational meeting of the USGA Green Section held at the Biltmore Hotel in New York on January 30, 1959.
Source:USGA Journal and Turf Management. Vol. 12, No. 2, June 1959, p. 29-30.
Publishing Information:New York: United States Golf Association
# of Pages:2
Keywords:TIC Keywords: Golf course budgets; Golf course renovation; Budgets
Abstract/Contents:There are multiple ways in which a course can collect the money required to undertake even the costliest of renovations. Proper planning and timing can greatly reduce costs. Short term loans, bonds, assessments, or a surcharge on the membership can all generate much of the funds required. In addition, the author draws attention to the revised Federal Excise Tax Technical Changes Act, which allows funds directed towards construction or reconstruction to be exempted from the 20% dues tax. Although this may prove to be a vast aid to clubs, caution is urged as mismanaging the tax laws can bring with them stiff fines.
Note:From a grouping of four articles each summarizing various aspects of the meeting
ASA/CSSA/SSSA Citation (Crop Science-Like - may be incomplete):
Virtuoso, A. P. 1959. Financing the remodeling job. USGA J. Turf Manage. 12(2):p. 29-30.
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    Last checked: 10/2002
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MSU catalog number: SB 433.15 .U84
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