In 1992, Mayor David N. Dinkins agreed to a consent decree obligating the city to substantially eliminate the overflows by constructing eight large catch-basins.
And the cost of eliminating or substantially reducing the penalty for those who do pay it would be huge.
The City and the Board have agreed on a $91 million, three and a half year program to substantially eliminate the maintenance backlog in the Board of Education.
He also asked rich nations to ease or substantially eliminate third world debt.
The revenue loss from substantially eliminating the penalty could approach $30 billion a year.
The Administration has also proposed defining as a taxable sale any transaction that "substantially eliminates risk of loss and opportunity for gain" on the underlying security.
Steel industry officials believe that chances are slim that the plan will substantially eliminate subsidies in the near future.
Technologies that eliminate or substantially simplify existing submarine hull, mechanical and electrical systems.
This savings would substantially eliminate the Federal budget deficit.