TITLE

Senators Want New Entity for Taxable Transportation Debt

AUTHOR(S)
Sanchez, Humberto
PUB. DATE
May 2003
SOURCE
Bond Buyer;5/23/2003, Vol. 344 Issue 31642, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Senators Jim Talent of Missouri and Ron Wyden of Oregon introduced a legislation that would establish a federally chartered, nonprofit entity that would be authorized to issue 50 billion dollar of taxable tax-credit bonds to finance transportation infrastructure projects. The measure would finance road, transit, rail, airport, seaport, and waterway projects. One reason Talent expects a favorable reaction from the bond market is that the legislation would allow the tax credit to be separated from the underlying bond principal and the components to be traded separately.
ACCESSION #
9944905

 

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