In response to the soaring gas prices, Georgia Gov. Sonny Perdue decided to call on the General Assembly to approve $13 million of bonds to buy express buses to serve Atlanta’s suburbs.
The debt would be issued as state general obligation debt. No sale date was specified.
Perdue has acknowledged that a train system stretching to Griffin, south of Atlanta, would also benefit from bond proceeds.
Already in place is a $3 billion transportation plan that entails the use of Garvees, or grant anticipation revenue vehicle notes, to cover the state’s transportation needs.