Oregon Plays It Again

Finestone, Deborah
May 2003
Bond Buyer;5/23/2003, Vol. 344 Issue 31642, p1
Trade Publication
Oregon will try its luck in the market when the state Department of Administrative Services will offer 83.8 million dollars in lottery revenue bonds. The sale is part of a long-term economic and community development plan. The lottery bond program has historically attracted investors because the state lottery has a good track record of bringing in a consistent revenue stream during both strong and weak economic times, officials said. Legislators in 2001 approved 241 million dollar in projects to be funded by lottery bonds during the current biennium, it now appears only about 100 million dollar in lottery bonds will be sold during the period. During the current biennium, officials expect to transfer 670 million dollar in lottery revenue to the state after paying expenses, prizes, and debt service on outstanding lottery bonds.


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