Iowa Governor Proposes Sale of $800M in Bonds for Business, Jobs

Shields, Yvette
February 2005
Bond Buyer;2/2/2005, Vol. 351 Issue 32062, p7
Trade Publication
The article informs that Iowa would sell $800 million of moral obligation bonds over the next few years to promote business development and job creation under Governor Tom Vilsack's proposed $5 billion fiscal 2006 budget unveiled this week. The state would borrow $400 million in fiscal 2006 that begins July 1, 2005, and another $400 million two years later to provide funds for an expansion of the existing Iowa Values Fund. In the most recent election. Democrats picked up seats in both the Senate and House so that the House retains just a narrow Republican majority and the Senate is equally divided so that a Republican and Democrat share the presidency.


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