TITLE

Sacramento Sanitation Provider To Sell $350M in Revenue Bonds

AUTHOR(S)
Cohen, Jackie
PUB. DATE
June 2006
SOURCE
Bond Buyer;6/22/2006, Vol. 356 Issue 32408, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the Sacramento Regional County Sanitation District in California's financing of the expansion of its sewer system by offering $350 million in revenue bonds at a July 11, 2006 negotiated sale led by Bear Stearns and Co. According to chief financial officer of the sanitation provider, Marcia Maurer, the district has projected the annual growth rates of 10,000 new single-family homes. She points out that sources of funds for repaying the revenue bonds include charges to connect newly built homes to the sewer system and monthly service fees for existing accounts.
ACCESSION #
21349916

 

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