TITLE

N.J. Unveils Plan for Trust Fund

AUTHOR(S)
Whalen, Robert
PUB. DATE
February 2006
SOURCE
Bond Buyer;2/27/2006, Vol. 355 Issue 32327, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the plan of New Jersey to refinance about 1.8 billion dollar of transportation bonds as part of a five-year plan to replenish the state's ailing Transportation Trust Fund. Under the proposal, the state would free up about 105 million dollars each year by extending the average life of the debt to 15 years from 7.8 years.
ACCESSION #
20281671

 

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