Mitigating Rate Hikes

Sigo, Shelly
June 2006
Bond Buyer;6/22/2006, Vol. 356 Issue 32408, p35
Trade Publication
The article reports on the announcement of Mississippi Governor Haley Barbour that he wants to use $410 million in state-administered federal grants to mitigate utility and insurance rate increases. According to the article, the funds would come from the U.S. Department of Housing and Urban Development's Community Development Block Grant program. It adds that Barbour is proposing to use $360 million to absorb the costs that utilities incurred while providing emergency and temporary services and rebuilding damaged infrastructure.


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