Congressional Wright Amendment Testimony to Begin Today

Albanese, Elizabeth
July 2006
Bond Buyer;7/12/2006, Vol. 357 Issue 32421, p39
Trade Publication
The article reports on the commencement of the U.S. House of Representatives' testimony on the Wright Amendment, a 1979 law that protects bondholders who bought debt issued to finance the Dallas-Fort Worth International Airport. A local compromise agreement was signed between the city councils of Dallas and Forth Worth in Texas that would revoke the amendment in 8 years and could generate 200 million U.S. dollars of airport revenue bonds to finance the renovation of Dallas Love Field.


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