Garvee Plan

Saskal, Rich
January 2005
Bond Buyer;1/14/2005, Vol. 351 Issue 32050, p37
Trade Publication
The article reports that Idaho Governor Dirk Kempthome has proposed fusing Garvee bonds to finance an extensive transportation improvement program. The grant anticipation revenue vehicles would underpin a 1.6 billion dollar "Connecting Idaho" program, Kempthorne said Monday, in his combined state of the state and budget address to lawmakers. "This funding tool has already been successfully utilized around the country and does not affect the state's general fund or bond rating," he said. Garvees are backed by the revenue provided by federal transportation grants.


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