TexDOT Picks Underwriters For Big Deals

Albanese, Elizabeth
October 2004
Bond Buyer;10/20/2004, Vol. 350 Issue 31993, p1
Trade Publication
The article focuses on the Texas Department of Transportation which is putting the wheels in motion for an early 2005 issuance of the state's first stand-alone transportation bonds, including choosing an underwriting pool and senior managers for future deals that could top $6 billion. The department is still working to determine the size of the issues. However, Texas voters in 2003 approved an authorization of up to $3 billion of highway revenue bonds, and even more debt could come out of the Texas Mobility Fund, which voters approved in 2001 as a mechanism to back bonds.


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