TITLE

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

AUTHOR(S)
Whalen, Robert
PUB. DATE
May 2006
SOURCE
Bond Buyer;5/11/2006, Vol. 356 Issue 32379, p31
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
23176022

 

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