TITLE

Delay Costs State $2.4M

AUTHOR(S)
Watts, Jim
PUB. DATE
February 2006
SOURCE
Bond Buyer;2/21/2006, Vol. 355 Issue 32323, p33
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the 12-month delay wait for an Oklahoma Supreme Court ruling of a $50 million bond issue to pay for endowed university chairs cost the state about $2.4 million in interest. The interest rate was 4.42 percent when the court was asked to validate the bonds in November 2004 but had risen to 5.13 percent when the issue sold last week.
ACCESSION #
20495898

 

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