In a Debt-Averse State, Garvees, Anyone?

Saskal, Rich
March 2005
Bond Buyer;3/21/2005, Vol. 351 Issue 32094, Special section p75
Trade Publication
Reports on the plan of Idaho Governor Dirk Kempthorne to issue grant anticipation revenue vehicle bonds known as Garvees, in an effort to upgrade the road system of the state. Proposal of the governor for the issuance of Garvees through the state's housing finance agency the Idaho Housing and Finance Association (IHFA); Statement of John Sager, the state's chief financial officer, on the speedy issuance pace of IHFA in 2005; Expectation of Sager on the benefit of the interest rate trends in the mortgage market in the mortgage program of IHFA.


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