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Article: New& Jersey Agency Ready to Sell $650M for School Construction.
- Article from:
- The Bond Buyer
- Article date:
- January 8, 2004
- Author:
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The New Jersey Economic Development Authority on Tuesday cleared the way to issue $650 million of state contract bonds to benefit the state's $8.6 billion school construction program.
"It's an anticipated January sale but we don't have the date locked in," said Tom Vincz, a Treasury spokesman.
Proceeds from the newly approved Series 2004G bonds will be used to finance renovation and building of over 1,300 facilities throughout New Jersey, which is overseen by the Trenton-based New Jersey Schools Construction Corp.
"Depending on our schedule, we could use this money in six months because we have a really aggressive construction schedule," said ...