TITLE

Maryland Lawmakers Pass $740M Capital Budget at Last Minute

AUTHOR(S)
Newman, Emily
PUB. DATE
April 2003
SOURCE
Bond Buyer;4/9/2003, Vol. 344 Issue 31611, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The General Assembly passed a $740 million capital budget calling for the issuance of general obligation bonds for a variety of public projects at the end of Maryland's legislative session on April 7, 2003. The legislature approved the debt to help fund school construction, housing, education, health, and environmental initiatives, public safety, and state facilities. According to state capital budget coordinator Terri Bacote-Charles the state's next new-debt sale is planned for late July, and added that the state's capital debt affordability committee has estimated the amount of that sale at between $325 million and $500 million, with the remainder to be issued later in the year.
ACCESSION #
9582525

 

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