The Ohio Building Authority issued $9.5 million of bonds on behalf of Clark State Community College, marking the second transaction under the new Ohio Community and Technical College Credit Enhancement Program.

The Ohio legislature enacted the program as part of its 2009 budget to lower borrowing costs for two-year colleges that in many cases are unrated or are rated lower than the OBA’s double-A.

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.