The Oklahoma Council of Bond Oversight approved a request last week by the state Department of Human Services to issue up to $23 million of revenue bonds for projects in Tulsa, Ada, and Sapulpa. The Oklahoma Development Finance Authority will issue the 15-year revenue bonds. The agency will lease the buildings to DHS until the bonds mature, when ownership will transfer to the department. DHS will replace an outdated and overcrowded emergency children’s shelter in Tulsa that was built in the 1940s. It will cost about $6.4 million to replace the facility with three cottages containing 42 beds and eight cribs, and an administrative building on about 20 acres in northeast Tulsa. Other projects include $6.3 million to buy and renovate a 33-year-old, five-story office building to house state employees being displaced from a downtown Tulsa office building, $4.5 million to build an office building in Ada to serve Pontotoc County, and $4.4 million for a new office building in Sapulpa.
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The bonds refunded of two earlier series of student fee bonds: the taxable Series Z-2 Build America Bonds, and the tax-exempt Series BB-1 bonds.
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LSEG Lipper reported fund inflows of $447 million while high-yield muni bond funds saw another round of inflows at $246 million, marking the 12th consecutive week of positive flows in that space.
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Hawaii Gov. Josh Green outlined the state's plan to permanently house everyone displaced by the fire — and how he plans to pay for it during a media briefing.
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D.C. promises $515 million in improvements to its existing downtown arena.
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A bond-financed purchase of the Stanley Hotel in Estes Park, Colorado, which served as an inspiration for Stephen King's The Shining, is being pursued by the Colorado Educational and Cultural Facilities Authority.
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In a recently released survey by the Citizens Budget Commission, New Yorkers said they are feeling much less safe, with only 37% rating public safety in their neighborhood as excellent or good, down from 50% in 2017.
March 28