BRADENTON, Fla. - The Atlanta City Council on Monday approved the sale of $1.4 billion of new-money and refunding bonds, with most of the proceeds going toward completion of the new international terminal at Hartsfield-Jackson International Airport.

While the bonds have yet to be validated by a court and the structure of the deal is not complete, city finance officials are expected to make use of the two-year holiday from the alternative minimum tax afforded by the federal stimulus act when they sell $800 million of new airport revenue bonds and $590 million of refunding debt.

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.