TITLE

Oklahoma to Refinance $400 Million and Plug Hole With Savings

AUTHOR(S)
Williamson, Richard
PUB. DATE
March 2003
SOURCE
Bond Buyer;3/27/2003, Vol. 343 Issue 31802, p32
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Oklahoma expects to save millions of dollars in the next fiscal year by refinancing 400 million dollars of outstanding general obligation and revenue bonds, a move that governor Brad Henry and legislative leaders say they need to help bridge a multi-million dollar gap in the fiscal 2004 budget. If the plan proceeds as expected, the state will possibly by July 2003, do a current refunding of all of its 250 million dollars of Building Bonds Commission general obligation bonds from 1992. Also tentatively planned are a 120 million dollar issue to refinance state highway revenue bonds and an issue of between 20 and 30 million dollars to refund state agency revenue bonds under the state's capital improvements program.
ACCESSION #
9440149

 

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