Arkansas Highway Agency Plans RFP for Rare Toll Issue

Albanese, Elizabeth
May 2006
Bond Buyer;5/26/2006, Vol. 356 Issue 32390, p5
Trade Publication
The article reports that Arkansas State Highway and Transportation Department is likely to release a request for proposals for bond counsel and a financial adviser to assist with its first issue of toll revenue bonds since 1960. The issue would finance the $211 million project Bella Vista Bypass, stretching 19-mile and linking Bella Vista, Arkansas. The state is also likely to provide some financial assistance for operations and maintenance costs amounting $2 million a year for 15 years, with the intention of making the issue more attractive to investors and the rating agencies.


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