TITLE

Louisiana Gearing Up for Even More Debt

AUTHOR(S)
DeSue, Tedra
PUB. DATE
July 2006
SOURCE
Bond Buyer;7/21/2006, Vol. 357 Issue 32428, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the State Bond Commission has approved a resolution that leads to an estimated $800 million in debt by Louisiana. The resolution includes long-term debt to finance projects that have been funded with lines of credit. The state could provide $500 million of general obligation bonds for the projects. Commission executive director Whit King said that the state is planning to regain it pattern of issuing about $300 million annually.
ACCESSION #
21784064

 

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