TITLE

Grady Co., Okla., Jail May Hold Federal Prisoners for Extra Cash

AUTHOR(S)
Watts, Jim
PUB. DATE
February 2005
SOURCE
Bond Buyer;2/2/2005, Vol. 351 Issue 32062, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article informs that the latest plan by Grady County, Oklahoma, to service the debt on $17.5 million in jail revenue bonds calls for using every available cell to hold prisoners for the federal government in order to generate revenue. The Grady County Industrial Authority issued $12.7 million in 30-year insured revenue bonds to build the four-story jail in 1999 and another $4.9 million in uninsured bonds in 2001 to add extra beds in the expectation that state and federal prisoners would be housed under contract.
ACCESSION #
15909946

 

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