Build America Bonds will be the key to success for Texas

Texas hopes for the Build America Bonds

In brief: USA: Texas intends to obtain a loan of $ 1.5 billion for road construction. Build America Bonds will help build.

The second largest population in the U.S. state of Texas intends to tomorrow, July 27, use their high credit ratings to obtain a loan of $ 1.5 billion to build roads that will be the greatest deal for the sale of municipal bonds this week and the biggest issue for the Build America Bonds month.

It is reported that the Texas Transportation Commission to sell tax-free bonds Build America Bonds, with a federal grant for 35% of the rate of $ 1.38 billion when it is planned to attract a further $ 115.6 million through the sale of securities is not taxed, for the construction bridges and highways. Analysts say that the roads in Texas are a problem since the beginning of the new millennium.

Igor Tringlers
2010-07-26 12:54, Economics.

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