N.Y.C. Announces GO Sale, TFA School Bond Schedule

Whalen, Robert
May 2006
Bond Buyer;5/11/2006, Vol. 356 Issue 32379, p31
Trade Publication
The article reports that the New York City Transitional Finance Authority (TFA) will be selling $4.87 billion of state aid-backed debt to finance capital projects for the city's school system. The legislators in the state have agreed to boost the borrowing capacity of TFA by $9.4 billion to help fund school construction. The TFA, which has been authorized to sell up to almost $21 billion, has historically sold debt backed by the city's personal income and sales taxes.


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