New Orleans RTA Seeks Solution for Default

DeSue, Tedra
May 2006
Bond Buyer;5/5/2006, Vol. 356 Issue 32375, p1
Trade Publication
The article reports on the efforts of Louisiana officials to find solutions with several parties on May 4, 2006 after the New Orleans Regional Transit Authority (RTA) missed its debt service payment on May 1. Bond Commission director Whit Kling emphasized that the meeting aimed to clarify the cause why the authority missed the payment. RTA spokesperson Rosalind Blanco Cook said that that the authority is trying to resolve the situation.


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