Bonds Get a Shot in the Arm Near the End of Arizona Session

Williamson, Richard
June 2003
Bond Buyer;6/20/2003, Vol. 344 Issue 31661, p3
Trade Publication
Two major Arizona bond proposals worth more than $1 billion won strong support in the closing hours of a contentious legislative session that bridged a record budget gap. With leaders seeking to wrap up the five-month session that was originally expected to end in May 2003, a bill funding $430 million of certificates of participation for university research centers was already on its way to the governor on June 19, 2003, and another backing a $600 million expansion of Phoenix, Arizona's convention center faced its final hurdle in the U.S. House. To overcome objections about investing state money in a local project, authors of the bill scheduled the state's first payment on the 30-year loan in 2009.


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