University of Alabama in Huntsville Delays $20.5M Deal, Thanks to Ivan

Sigo, Shelly
September 2004
Bond Buyer;09/17/2004, Vol. 349 Issue 31971, p29
Trade Publication
The article reports on the suspension of the competitive sale of $20.5 million of student housing revenue bonds by University of Alabama in Huntsville, Alabama, due to hurricane Ivan that walloped the Alabama coast yesterday causing wind damage, flooding, and power and phone outages throughout the state. Public FA Inc., the university's financial adviser, said stormy conditions made it difficult to produce bond documents amidst intermittent power outages and many financial offices decided to close. The declaration enables the Federal Emergency Management Agency to assist residents and the state with food, water, clean-up, housing, grants, and low-interest loans.


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