Texas Senator Plans to Seek $50 Billion for Rail Service

Sanchez, Humberto
June 2003
Bond Buyer;6/6/2003, Vol. 344 Issue 31651, p48
Trade Publication
U.S. Senator Kay Bailey Hutchison is crafting legislation that would authorize the issuance of $50 billion of either tax-exempt bonds, which would be exempted from Texas private-activity volume cap or taxable tax-credit bonds in order to finance improvements and additions to the nation's rail infrastructure. Hutchison is still determining the details of her proposal, including whether to authorize the issuance of tax-exempt bonds or tax credit bonds.


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