Volume Cap Increases to $26.1 Billion

Ferris, Craig T.
December 2004
Bond Buyer;12/22/2004, Vol. 350 Issue 32035, p1
Trade Publication
The article reports that new population figures, coupled with an inflation adjustment for 21 states of the United States will boost the amount of private-activity bonds. The bonds can be issued nationwide in 2005 to $26.08 billion. The bulk of the $317.1 million increase in the 19-year-old state-by-state volume cap is due to a $200.4 million rise that was triggered by a 1.0% increase in the U.S. population from a year ago. While $116.8 million was due to a 2.3% rise in the cost-of-living adjustment for states with small populations.


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