TITLE

Virginia's Pooled-Bonding Program Preps $40.5M Tax-Exempt Bond Sale

AUTHOR(S)
Vadum, Matthew
PUB. DATE
December 2004
SOURCE
Bond Buyer;12/8/2004, Vol. 350 Issue 32025, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the Virginia Municipal League and the Virginia Association of Counties' pooled-bond program that funds loans through the issuance of municipal debt, and is moving forward with its largest sale to date, $40.5 million in tax-exempt revenue bonds, on December 15, 2004. The scheduled negotiated sale will come six months after the program sold $5.8 million in bonds and one year after the program's inaugural sale of $17.1 million. All of the $5.8 million in debt was tax-exempt, but the second sale consisted of $13.3 million in tax-exempt debt and $3.8 million in taxable debt.
ACCESSION #
15309116

 

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