TITLE

N.Y. Goes Back to School

AUTHOR(S)
McDonald, Michael
PUB. DATE
June 2003
SOURCE
Bond Buyer;6/11/2003, Vol. 344 Issue 31654, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The New York Municipal Bond Bank will price a $23 million insured deal in June 2003 in its effort to kick off plans to sell more than $400 million of special-purpose revenue bonds to fund aid payments in arrears to some state school districts, including New York City's. The state is also preparing to price $200 million of tax-exempt general obligation (GO) bonds as well as $30 million of taxable GO. The state legislature authorized a resolution for the bond bank last year to bond out aid for teachers' salaries and school maintenance for a number of districts across New York that were in arrears as of May 15, 2002.
ACCESSION #
10104631

 

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