TITLE

TTC's Double-Barrel Deal

AUTHOR(S)
Albanese, Elizabeth
PUB. DATE
May 2006
SOURCE
Bond Buyer;5/30/2006, Vol. 356 Issue 32391, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the Texas Transportation Commission will go to market with a $750 million offering of double-barreled bonds. The commission is acting on behalf of the Texas Department of Transportation. It marks its second debt issue backed by the Texas Mobility Fund. Proceeds from the tax-exempt, fixed-rate issue is expected to provide funding for a number of projects already under way. Program funds are likely to be used for various highway projects in Texas. The Texas Department of Transportation expects to issue a total of about $4 billion of Mobility Fund bonds in next few years.
ACCESSION #
21043185

 

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