TITLE

Iowa Skips BABs for Upcoming Sales

AUTHOR(S)
Shields, Yvette
PUB. DATE
June 2010
SOURCE
Bond Buyer;6/24/2010, Vol. 372 Issue 33339, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the refusal of Iowa to participate the Build America Bonds (BABs) program for its two sales. The state plans to sell 140 million dollars of its revenue bonds supported by its moral obligation pledge to finance the construction of a maximum security prison. This deal expects to end the six million dollar notes to finance a facility's initial planning. The state also expects to have 807 million dollars cash reserve fund and economic emergency fund in fiscal 2010.
ACCESSION #
51908908

 

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