The final piece of the package required for the state to sell revenue bonds has been approved by the Senate and will now be sent to Governor Holden. Legislation sponsored by Senator John Russell of Lebanon will allow the state to sell those bonds offered as an alternative to tobacco securitization. The House had previously approved the bill. Now, with the Senate’s approval, the legislation is on its way to the Governor’s desk. The bond issue is intended to raise $150-Million for the remainder of the current fiscal year and $185-Million for next year.
You are here: / / Senate Approves Bill To Issue Revenue Bonds