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TLDA clears Nashville to issue up to $700 million water and sewer revenue bonds on parity with SRF loans
Summary
The Tennessee Local Development Authority approved Metro Nashville’s request to issue up to $700 million in water and sewer revenue bonds on parity with outstanding SRF loans, allowing the city to refund commercial paper and retire outstanding obligations.
The Tennessee Local Development Authority on April 10 approved Metro Government of Nashville and Davidson County’s request to issue water and sewer revenue bonds not to exceed $700 million on parity with outstanding SRF loans.
TLDA Secretary Thompson summarized the request and the staff review: “Metro government Nashville Davidson County presented a request to the TLDA, in order to comply with the…
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