TITLE

Court Clears Oklahoma Higher Ed Deal

AUTHOR(S)
Watts, Jim
PUB. DATE
January 2006
SOURCE
Bond Buyer;1/31/2006, Vol. 355 Issue 32309, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the refusal of the Oklahoma Supreme Court to rehear a failed challenge to the federally taxable bonds, the sale of which will push through to fund endowed chairs at state colleges and universities in Oklahoma. The proceeds from the bond issuance will be used to generate investment income. The bonds will be supported by the Oklahoma State Regents for Higher Education from its annual legislative appropriations. The bonds were a debt of the regents and not of the state according to the court's ruling on December 13, 2005.
ACCESSION #
19752243

 

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