More than $1 billion of bond-financed projects planned by Virginia could be delayed as the state’s new governor confronts billion-dollar deficits for fiscal 2010 and 2011.

The triple-A rated state also is waiting to see if Congress will pass legislation to convert qualified school construction bonds into direct-pay subsidy bonds, like Build America Bonds, before issuing a second round of tax-credit QSCBs next year.

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.