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Article: TRIMET'S USE OF BUILD AMERICA BONDS SAVES $3 MILLION
- Article from:
- US Fed News Service, Including US State News
- Article date:
- November 6, 2009
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PORTLAND, Ore., Nov. 5 -- The office of Sen. Ron Wyden, D-Ore., issued the following news release:
TriMet has become the second public entity in Oregon to take advantage of the new Build America Bonds program championed by Senator Ron Wyden. By using Build America Bonds on a portion of TriMet's recent $49.55 million bond issue, the transit district will save taxpayers nearly $3 million in interest costs over the term of the bonds.
"The goal of Build America Bonds is to create jobs, rebuild America's infrastructure, and save taxpayer money by offering public entities an advantageous interest rate," Wyden said. "TriMet realized the potential of these bonds and joined what I hope is a long ...