The commission issued the series 2010 project notes
to fund the preconstruction activities related to the Louisville-Southern Indiana Ohio River Bridge project.
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A public notice on the project notes
that the estimated completion date of May 2005 is just that - an estimate.
ALCO is authorized to issue tax and revenue anticipation notes, project notes
and funding notes.
The notes are secured by taxes, income, revenue, cash receipts, and other money received for the fiscal 2000-2001 general fund; however, the project notes
are really a short-term financing mechanism the district uses to cover up-front capital costs ultimately repaid over the long term with its leasing tax revenues.
4 million Kentucky Asset/Liability Commission (ALCO) Project Notes
, 2007 Federal Highway Trust Fund First Series.
28 /PRNewswire/ -- Kentucky Asset/Liability Commission's (AL/Co) $127,200,000 Project Notes
, 1998 General Fund Second Series A, are rated 'F1+' by Fitch IBCA.
Fitch originally rated $200 million in ALCo project notes
in October 2005, but only $100 million was issued at that time.
2 million project notes
general fund 2nd series 1998A due November 1, 1999, issued for Kentucky.
NEW YORK -- The Kentucky Asset/Liability Commission's approximately $200 million project notes
, 2005 general fund second series, are rated 'AA-/F1+' by Fitch.