Philadelphia Eyes Surety Bond Instead of Water, Sewer Fund

D'Ambrosio, Jill
April 2004
Bond Buyer;4/27/2004, Vol. 348 Issue 31871, p36
Trade Publication
Reports on the proposal mulled by the City Council to replace its water and sewer debt service reserve fund with a surety bond in Philadelphia, Pennsylvania. Proposal of the idea as part of the fiscal 2005 operating budget of mayor John Street; Economic development investment fund included in the budget proposal; Anticipation of the city to sell water revenue bonds in a negotiated sale to be led by Siebert Brandford Shank & Co.


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