The Oklahoma Council of Bond Oversight approved a request last week by the state Department of Human Services to issue up to $23 million of revenue bonds for projects in Tulsa, Ada, and Sapulpa. The Oklahoma Development Finance Authority will issue the 15-year revenue bonds. The agency will lease the buildings to DHS until the bonds mature, when ownership will transfer to the department. DHS will replace an outdated and overcrowded emergency children’s shelter in Tulsa that was built in the 1940s. It will cost about $6.4 million to replace the facility with three cottages containing 42 beds and eight cribs, and an administrative building on about 20 acres in northeast Tulsa. Other projects include $6.3 million to buy and renovate a 33-year-old, five-story office building to house state employees being displaced from a downtown Tulsa office building, $4.5 million to build an office building in Ada to serve Pontotoc County, and $4.4 million for a new office building in Sapulpa.
-
Democratic Gov. Laura Kelly nixed another tax cut bill passed by the Republican-led legislature this year, while pushing a less-costly plan.
18m ago -
It's a big week for the Fortress-backed train company, which refinanced more than $4 billion of debt and broke ground on its West Coast high-speed line.
32m ago -
Photos from The Bond Buyer's Texas Public Finance conference.
57m ago -
The Mayo Clinic is undertaking a $5 billion expansion that may bring new debt as it reconstructs its core Rochester, Minnesota campus.
2h ago -
"Just like the ATM became an additional transaction channel in the banking industry, I believe distributed ledger technology will provide municipal issuers with a similarly valued tool to sell their bonds," said Rick Coscia, Quincy's Strategic Asset Manager.
4h ago -
"Each party in this deal benefits in some way," said Seema Mohanty, founder of Mohanty Gargiulo.
6h ago