A New Administration Gets Busy With Toll Road Sale, Issuer Revamp

Carvlin, Elizabeth
March 2006
Bond Buyer;3/30/2006, Vol. 355 Issue 32350, Special section p42
Trade Publication
The article provides an overview of the fiscal condition of Indiana. The administration of Governor Mitch Daniels has leased the $3.85 billion Indiana Toll Road to a private operator. Meanwhile, the Public Employees' Retirement Fund of Indiana and five other pension plans have a total assets of $1.3 billion as of June 30, 2005. The Indiana State Teachers' Retirement Fund has a total asset of $7.1 billion and an unfunded actuarial accrued liability of $9.2 billion.


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