Rhode Island EDC Selling $230M, Including $188M' of Garvees

Scarchilli, Michael
January 2006
Bond Buyer;1/25/2006, Vol. 355 Issue 32305, p32
Trade Publication
This article reports that Rhode Island Economic Development Corp. will be offering two issuances which will be totaling more than $230 million--$187.5 million in the U.S. Department of Transportation grant anticipation bonds, and about $43.6 million of the motor-fuel tax revenue bonds. The lawmakers allowed the issuance of $584.8 million of Garvees to finance five transportation projects. Ambac Assurance Corp., meantime, will back the fuel-tax bonds with its triple-A insurance. The fuel tax bonds will be maturing from 2007 through 2026.


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