Fitch Rates NYS Thruway $458MM Trust Fund Bonds `A+'.Business Editors NEW YORK--(BUSINESS WIRE)--July 5, 2000 Fitch rates the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of State Thruway's $458,055,000 highway and bridge trust fund bonds, series 2000 B, 'A+'. In addition, its $3.3 billion outstanding trust fund bonds are affirmed at 'A+'. The bonds, expected July 12 through negotiation with a syndicate led by Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. Dean Witter Dean Witter may refer to:
The authority has been designated the financing agency for the state's multi-year comprehensive transportation programs. The bonds are on a parity with $3.28 billion outstanding bonds but are separately secured from other authority bonds as well as from $2.2 billion state general obligation bonds issued for transportation purposes. Under the previous five-year plan Five-Year Plan, Soviet economic practice of planning to augment agricultural and industrial output by designated quotas for a limited period of usually five years. , which has now expired, trust fund bonding of $4.75 billion was authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: . A new plan has been adopted, increasing the bonding to $10.25 billion and redirecting existing taxes and fees to the trust fund. The highway and bridge trust fund bonds are special obligations, payable from dedicated highway revenues subject to annual appropriations by the state legislature A state legislature may refer to a legislative branch or body of a political subdivision in a federal system. The following legislatures exist in the following political subdivisions: The bonds enjoy additional security derived from various impoundment An action taken by the president in which he or she proposes not to spend all or part of a sum of money appropriated by Congress. The current rules and procedures for impoundment were created by the Congressional Budget and Impoundment Control Act of 1974 (2 U.S.C.A. provisions, which are triggered if the legislature fails to appropriate. In the event of non-appropriation, the state would be unable to receive excess sales tax sales tax, levy on the sale of goods or services, generally calculated as a percentage of the selling price, and sometimes called a purchase tax. It is usually collected in the form of an extra charge by the retailer, who remits the tax to the government. revenues held by the Local Government Assistance Corp (LGAC LGAC Local Government Advisory Committee LGAC Low Grazing Angle Clutter ). These moneys are received by the state's general fund after provision for debt service on LGAC bonds. In addition, the state would not receive funds from the highway and bridge trust fund capital account to provide for 'pay-as-you-go' transportation projects. The state's commitment to these bonds is further evidenced by provisions for shortfalls in any appropriated amounts to be transferred from the capital account as well as from the state's general fund. Fitch is an international rating agency that provides global capital market investors with the highest quality ratings and research. Dual headquartered in New York and London with a major office in Chicago, Fitch rates entities in 75 countries and has some 1,100 employees in more than 40 local offices worldwide. The agency, which is a combination of Fitch IBCA IBCA International Braille Chess Association IBCA Institute of Burial and Cremation Administration IBCA Integrated Business Communications Alliance IBCA International Barbeque Cookers Association IBCA Department of Interior Board of Contract Appeals and Duff & Phelps Credit Rating Co., provides ratings for Financial Institutions, Insurance, Corporates, Structured Finance, Sovereigns and Public Finance Markets worldwide. |
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