N.J. Senate Clears TTF Refinancing

Cataldo, Adam L.
March 2006
Bond Buyer;3/21/2006, Vol. 355 Issue 32343, p1
Trade Publication
The article reports on the plan to refund and restructure about 1.7 billion dollars of debt for the Transportation Trust Fund of New Jersey allowing it to continue funding capital projects for up to five years which was approved by the State Senate on March 20, 2006. The bill was passed by the Democratic-controlled Assembly and goes to Governor Jon Corzine for final approval. Corzine proposed the deal to refund a portion of the transportation debt of the state.


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