Bill Sets Guidelines for Bonds Used to Lure Firms to Arkansas

Albanese, Elizabeth
February 2005
Bond Buyer;2/24/2005, Vol. 351 Issue 32077, p36
Trade Publication
The article informs that an Arkansas state senator on Tuesday filed legislation that outlines the rules for issuance of debt from a $500 million authorization approved by voters in November. In November, Arkansas voters approved Amendment 82 to the state's constitution. The measure gives the Arkansas Development Finance Authority the ability to issue a total of up to $500 million of general obligation bonds to finance projects that would entice major employers to build facilities in Arkansas. The bonds could be issued in either fixed rate or variable-rate mode, with structures determined by market demand. Insurance, repayment agreements, and letters of credit could he utilized by the ADFA to boost the credit quality of the debt.


Related Articles

  • Explanation Of The Workout Letter.  // Commerical Law World;Oct-Dec2012, Vol. 27 Issue 5, p11 

    The article presents an explanation for the workout letter related to credit. It is mentioned that the an agreement with formality is contained in the introductory part of the letter while the second sentence is a direct communication to the credit and financial professions. It is noted that the...

  • 10 Things for Exporters to Keep in Mind When Arranging Standby Letters of Credit. Baker, Buddy // Business Credit;May2008, Vol. 110 Issue 5, p26 

    The article presents the ten things that exporters should consider when arranging standby letters of credit in the U.S. Accordingly, the paper offers a further explanation on the proper procedure of arranging a letter of credit to the bank. Moreover, the tips, tricks and facts regarding bid and...

  • letter of credit. Stim, Richard // Contracts: The Essential Business Desk Reference;2010, p258 

    An encyclopedia entry for "letter of credit" is presented. It refers to a written assurance provided for a company in an international transaction that payment on the deal is guaranteed by a bank. It lists that necessary to create a letter of credit. Information is provided on two contracts...

  • Iran turns to Asia for credit. Viswanathan, Prema // Chemical Market Reporter;2/20/2006, Vol. 269 Issue 7, p13 

    The article reports that Iranian producers are turning to Asia to secure their requirements, due to difficulties of getting letters of credit from European banks. International banks in Europe and the Middle East have tightened credit terms because of the political situation and nuclear standoff...

  • Letters of credit. Gray, Andi // Westchester County Business Journal;5/29/2006, Vol. 45 Issue 22, p8 

    The article presents a question and answer advisory concerning letters of credit. The author discusses the factors to be considered when setting letters of credit. Commercial banks or large lending institutions require to have a two- to three-year track record of making money and doing business...

  • A Standby Letter Of Credit Payment Within The Preference Period Is Not A Preference. Nathan, Bruce S. // Business Credit;Jun2005, Vol. 107 Issue 6, p24 

    This article focuses on a standby letter of credit. A letter of credit is a security device where a bank or other entity agrees to pay up to the amount of the letter of credit to a beneficiary that presents all of the documents required by the letter of credit. A standby letter of credit is...

  • The Parking Meter Trial. Cook, David // Commerical Law World;Oct-Dec2012, Vol. 27 Issue 5, p8 

    The article presents information related to workout letters that carry the day in civil court as it identifies the right party, affirms the credit facility, fixes the debt and preserves the guaranty. It is mentioned that the workout letter is an agreement between the parties to extend the time...

  • MGM Mirage.  // CruiseGuide;5/4/2009, p2 

    The article reports on the move of MGM Mirage to enter into an amendment to its senior credit facility. The amendment states that the company will be able to fulfill its remaining equity contributions to CityCenter through the issuance of an irrevocable letter of credit worth 224 million U.S....

  • Milwaukee Museum Awaiting County Aid, LOC Extension. Shields, Yvette // Bond Buyer;6/16/2005, Vol. 352 Issue 32155, p44 

    The article reports that Milwaukee Public Museum in Wisconsin is in negotiations with J.P. Morgan Chase & Co. on the extension of letters of credit that secure about $14 million of outstanding revenue bonds. It is reported that Milwaukee County board negotiators, museum officials, and...


Read the Article


Sign out of this library

Other Topics