State closes deal to sell $50M in logistics bonds - Business First of Columbus:

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State Treasurer Kevin Boyce said the bond sale was part ofa $100 millioj logistics and infrastructure program earmarked in the $1.5 billion jobs-creation stimulus package that Gov. Ted Stricklansd signed last year. Funding is being made availablre to improve and expand logistics and intermodal centers aroundthe state. A step forwarxd for the state stimulus packagde came with helpfrom Congress’ $787 billiobn stimulus legislation. Boyce said the statd estimates saving morethan $2 millioh by issuing the debt under the Builrd America Bond program.
That stimulus-created programk allows state and local governmentas to issue taxable bonds for capital projects and receivs a federal subsidy payment from the for a portion of borrowing The government has said advantages come in the form of cost savinge and a broader rangeof investors. Boyce said the $50 millionj bond sale is the first time the statse has used the Build AmericaBonds program.