Okla. Seeks to Salvage $30M of Court-Cancelled $175M Deal

Williamson, Richard
June 2003
Bond Buyer;6/18/2003, Vol. 344 Issue 31659, p36
Trade Publication
Following the Oklahoma supreme court's decision to halt plans for the Oklahoma Capitol Improvement Authority to sell 175 million dollars of lease revenue bonds for more than 500 state projects, that authority is trying to save 30 million dollars of the deal intended for higher education projects as of June 18, 2003. The authority that serves as issuer for much of the state's debt voted to ask the court to issue a separate ruling on bonds earmarked for university construction on June 16, 2003. Governor Brad Henry believes that higher education projects were clearly identified and should be allowed if those bonds can be separated from the others.


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