Illinois' largest debt plan

Shields, Yvette
May 1999
Bond Buyer;05/05/99, Vol. 328 Issue 30634, p1
Trade Publication
Focuses on Illinois Governor George Ryan's proposed state debt legislation that will help pay for the Illinois FIRST public works program. Authorization of $4.3 billion of state borrowing; Issuance of the bulk of the state debt as general obligation bonds while the rest will be backed by sales tax; State's reliance on established credits to back the bonds; Repayment of the actual debt service.


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