Texas Regional Mobility Authority Preps Landmark Deal

Albanese, Elizabeth
February 2005
Bond Buyer;2/4/2005, Vol. 351 Issue 32064, p4
Trade Publication
The article reports that the Central Texas Regional Mobility Authority is slated to issue the first debt ever sold by such an agency later this month, a $316 million transaction that has been delayed, in part because of the historic aversion some Texans have for toll roads. That $316 million offering is comprised of a combination of $182 million of fixed- rate toll revenue bonds and $66 million of bond anticipation notes backed by a loan awarded to the stale under the federal Transportation Infrastructure Financing and Innovation Act.


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