Va., other public entities return to bond markets
Advertisement
Text size: small | medium | large
Associated Press
Published: November 12, 2008
RICHMOND, Va. (AP) — The state of Virginia and several other public entities are venturing back into the nation’s bond markets.
But state and local officials say they won’t issue bonds through the normal competitive bidding process. They say that process has essentially shut down since mid-September.
Instead, the bonds will be issued through negotiated sales.
The state plans to issue $265.6 million in bonds this week to pay for school and park projects and new housing at six state universities.
The Virginia Public School Authority plans a $125 million bond issue for school buildings, while the Virginia Resources Authority wants to issue $254 million in public infrastructure bonds.
Henrico County plans a $95.8 million bond issue for schools, fire stations and roads.
Post a Comment
The commenting period has ended or commenting has been deactivated for this article.
Can't find what you're looking for? Try our quick search:
