Regional News
Tulsa Dam Bond Plan Overturned By Oklahoma High Court
Wednesday, November 21, 2012
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DALLAS – A plan to issue $25 million of state lease revenue bonds to repair a Tulsa dam was unanimously rejected as unconstitutional Tuesday by the Oklahoma Supreme Court.

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Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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