Jefferson County OKs Fourth Extension

Sigo, Shelly
August 2008
Bond Buyer;8/4/2008, Vol. 365 Issue 32932, p1
Trade Publication
The article reports on the fourth extension that the Jefferson County commissioners approved to the debt forbearance agreements with liquidity providers, bond insurers and swap counterparties in Alabama. It states that the commissioners voted 3 to 2 to enter into the agreements delaying about $100 million in payments related to the county's $3.2 billion of troubled variable- and auction-rate sewer debt. It adds that the fourth forbearance will expire on November 17, 2008.


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