State completes bond sales that will net $149.4 million
Nevada Treasurer Kate Marshall said Wednesday that her office has completed a series of bond sales that will net the state $149.4 million, with
$32 million going for capital improvement projects.
Marshall said $117 million would be used to refund existing state obligations.
"Nevada taxpayers save $6.3 million as a result of a successful new marketing and investor outreach program," she said.
In all, six bond series were included in the sale. The capital improvement funding will be used to provide funding to the Department of Cultural Affairs and Public Works Division, as well as to the Department of Conservation and Natural Resources to fund safe drinking water projects.
The $6.3 million saved by the refunding will be used to increase the state's bond reserves.
Contact reporter Chris Sieroty at csieroty@reviewjournal.com or 702-477-3893.
