Garvee Push Is On

Saskal, Rich
March 2005
Bond Buyer;3/4/2005, Vol. 351 Issue 32083, p35
Trade Publication
The article reports that the Idaho Governor Dirk Kempthorne's proposal to issue Garvees has been introduced in the Legislature. In his January, 2005 state of the state address, Kempthorne proposed a $1.6 billion grant anticipation revenue vehicle bond program to accelerate the pace of highway improvements around the state by borrowing against future federal highway grants. The bill to enact the Garvee proposal was introduced in the Senate. The bill would designate the Idaho Housing and Finance Association as issuer of the Garvees.


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