Word: bondses
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The $22.5 million budget for the complex is financed through low interest 40-year tax exempt bonds, issued by the University, under the authority of the State Health Education Facilities Act. Hill said yesterday that as of June 3, construction was being completed well within the original budget.
The Memoirs of a Survivor is not so much a novel as a fable. Obviously our own world is not so badly disintegrated few of us fear that our pets or those we love will be made into someone else's dinner. But Aesop's fables make sense to us...
Lofty Rates. Economists expect housing starts to increase to an annual rate of about 1.4 million by year's end. Mortgage money is now plentiful, and the national average interest rate on single-family home loans inched down in May for the fifth consecutive month, to 8.9%, from 8.96...
In return for this partial surrender of home rule, the money spigot has been turned on again. Big Mac is empowered to convert up to $3 billion in short-term debt into long-term bonds. The new bonds will be backed by some $1 billion in revenues from the sales...
At the end of the week, New York's immediate financial fate was still in doubt. State and city officials were bitterly wrangling over the powers to be given to the proposed Municipal Assistance Corporation (dubbed "Big Mac"), which would attempt to convert the city's short-term...