TITLE

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

AUTHOR(S)
Scarchilli, Michael
PUB. DATE
January 2006
SOURCE
Bond Buyer;1/25/2006, Vol. 355 Issue 32305, p32
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
19724593

 

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