In the four years since Hurricane Katrina hit the Gulf coast, $2.6 billion of the $4.9 billion of bonds authorized for Mississippi by the Gulf Opportunity Zone Act legislation remains to be sold.

GO Zone bonds are tax-exempt private-activity bonds approved by Congress in 2005 to help Gulf Coast states with hurricane recovery efforts. The allocations must be sold by Dec. 31, 2010.

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.