TITLE

WISCONSIN: Racine Closes on RZEDBs

AUTHOR(S)
Shields, Yvette
PUB. DATE
September 2009
SOURCE
Bond Buyer;9/2/2009, Vol. 369 Issue 33177, p9
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the closure on the sale of recovery zone economic development bonds worth 4.3 million dollars in Racine County, Wisconsin. This move makes it the first county in the state to take advantage of new borrowing program included in the federal stimulus package. An interest rate of 2.20% for the 10-year financing will be paid by the county when the government's interest subsidy is factored in. Proceeds of the bond transaction will be used to fund various capital projects.
ACCESSION #
44210086

 

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