DALLAS — Arkansas will begin work soon on a highway renewal effort financed with proceeds from Tuesday’s competitive sale of $225 million of grant anticipation revenue vehicle bonds, which also benefit from the state’s full faith and credit pledge.

The sale is the first tranche from a $575 million Garvee program authorized by voters in November 2011.

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.