DALLAS — On the verge of its fifth special legislative session of the year to reduce an ongoing budget deficit, Arizona plans to issue lease-purchase bonds to buy state buildings next month to avoid issuing IOUs to state employees in February.

Less than a month after a special session that reduced the estimated $1.6 billion shortfall by $450 million, lawmakers are working behind the scenes on a special session agenda as the regular session approaches in January.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.