Texas tobacco-backed bond bill goes up in smoke

Preston, Darrell
May 1999
Bond Buyer;05/21/99, Vol. 328 Issue 30646, p4
Trade Publication
Discusses the Texas Legislature's vote against a bond initiative to fund $3 billion of infrastructure debt with tobacco settlement proceeds. Key aspects of the tobacco bonding legislation; Uncertainty facing a highway bond proposal pending in the state's House of Representatives.


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