N.J. Transit Goes Back to Gans, Again Without a Reserve Fund

Higginbotham, Stacey
November 2000
Bond Buyer;11/13/2000, Vol. 334 Issue 31016, p1
Trade Publication
Reports the issuance of grant anticipation notes by the New Jersey Transit Corp. in New Jersey. Relevance of federal funding agreements to the transactions; Risks associated with the timing of grant payments; Use of the reserve fund to offset grants delays; Details on the structure of the deal.


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