TITLE

Texas Revs Up Issuance

AUTHOR(S)
Albanese, Elizabeth
PUB. DATE
February 2005
SOURCE
Bond Buyer;2/7/2005, Vol. 351 Issue 32065, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Texas is gearing up for massive bond issuance, as it embarks on a new era of transportation funding. These bonds may have a maturity of up to 20 years, and annual debt service can be no more than 10% of revenue into the fund. Two-thirds of the proceeds from the funds generated by these bonds will be used to finance projects in eight metropolitan areas, with the rest of the money slated for smaller urban areas and state connectivity.
ACCESSION #
15954329

 

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