Oklahoma to Refinance $400 Million and Plug Hole With Savings

Williamson, Richard
March 2003
Bond Buyer;3/27/2003, Vol. 343 Issue 31802, p32
Trade Publication
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.


Related Articles

  • OKLAHOMA: Budget Pact Reached. Watts, Jim // Bond Buyer;4/22/2008, Vol. 364 Issue 32862, p9 

    The article reports on the participation of Oklahoma Governor Brad Henry with legislative leaders to announce an agreement on a fiscal 2009 budget that is $100 million lower than the $7 billion budget for fiscal 2008. Few increases for statistic agencies over fiscal 2008 are included in the...

  • Oklahoma's Revenue Picture Takes a Turn for the Better. Williamson, Richard // Bond Buyer;2/18/2004, Vol. 347 Issue 31823, p4 

    Reports on the revenue forecast for Oklahoma. Revenue available for the fiscal 2005 budget; Proposal of Governor Brad Henry to reimburse school districts for the fiscal 2004 deficit in a state fund known as the Ad Valorem Reimbursement Fund; Restoration of state matching funds for the Graduate...

  • Bills Advance in Oklahoma Showdown; Governor Vows Veto. Watt, Jim // Bond Buyer;4/13/2007, Vol. 360 Issue 32607, p36 

    The article reports on the series of fiscal 2008 state agency budget bills passed by the Senate in Oklahoma. Governor Brad Henry had promised to veto the bills which allocate the same amounts the governor requested earlier in his executive budget. Lawmakers said that they adopted Henry's...

  • OKLAHOMA: Governor Gets '09 Budget. Watts, Jim // Bond Buyer;4/29/2008, Vol. 364 Issue 32867, p9 

    The article reports that the Oklahoma Legislature approved the state's $7.1 billion fiscal 2009 budget, which is being sent to Governor Brad Henry. Legislators are discussing, in the initial stages, a possible bond issue to provide additional money for state highways. The budget was developed...

  • Oklahoma Governor's $7.3B Budget Includes $189M of Capital Bonds. Watts, Jim // Bond Buyer;2/6/2008, Vol. 363 Issue 32810, p7 

    The article reports on the presentation of the proposed 2009 budget for Oklahoma by Gov. Brad Henry during his sixth state of the state address. The budget contains capital bond proposals totaling $188.9 million for six projects, including the construction of Langston University's urban...

  • SOUTHEAST Bond-Watch. Sigo, Shelly; DeSue, Tedra; Vadum, Matthew // Bond Buyer;3/27/2003, Vol. 343 Issue 31802, p29 

    These are several news articles related to public finance in the Southeast region of the U.S. as of March 27, 2003. The Florida state Senate is reviewing a measure that would permit the use of tolls to back bonds issued within the Florida county where the tolls are collected, instead of just...

  • OKLAHOMA: Lawmakers Come Up Empty. Watts, Jim // Bond Buyer;6/6/2006, Vol. 356 Issue 32396, p39 

    The article reports that the Oklahoma Legislature has ended its 2006 regular session without establishing a budget agreement for the 2007 fiscal year. According to Oklahoma Governor Brad Henry, the failure of the lawmakers to establish a budget agreement will ensure a special session in June...

  • Bonds Pass Oklahoma Senate, But House Changes Loom. Watts, Jim // Bond Buyer;2/24/2005, Vol. 351 Issue 32077, p4 

    The article reports that Democratic Governor Brad Henry's $500-million higher education bond proposal won unanimous approval from the Democratic-controlled Oklahoma Senate on Tuesday, but now faces major revisions in the Republican-dominated House. Twenty-six of the 48 state senators are...

  • Oklahoma Legislature Readies Three-Part, $475M Bond Sale. Watts, Jim // Bond Buyer;5/27/2008, Vol. 364 Issue 32886, p44 

    The article reports on the preparation of the three-part bond package worth $475 million by the Oklahoma Legislature. Governor Brad Henry and the legislative leaders have spent at least a week of behind-the-scene negotiations to put the final touches of the bond package. This three-part package...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics