The State of Montana recently issued $52.2 million in bonds to continue infrastructure projects, as well as refinancing $32.4 million in existing bonds to take advantage of low interest rates. | Pixabay
The State of Montana recently issued $52.2 million in bonds to continue infrastructure projects, as well as refinancing $32.4 million in existing bonds to take advantage of low interest rates. | Pixabay
The Montana Board of Examiners recently executed a bond purchase agreement on the sale of $52.2 million in bonds to fund ongoing infrastructure improvements, as well as refinancing another $32.4 million in bonds to take advantage of low interest rates.
The board also approved the refinancing of the $32.4 million in trust land bonds and water pollution control bonds, according to a press release from the State of Montana.
Projects to be funded by the $52.2 million include Romney Hall, expansion of the Great Falls College MSU Dental Hygiene Clinic and the Montana Heritage Center, according to the release.
“By selling bonds today, we are moving forward with critical projects across the state and supporting the Montana economy by continuing to put shovels to dirt and facilitate good-paying jobs,” Gov. Steve Bullock said in the release. “Additionally, we are ensuring we are good stewards of taxpayer dollars by refinancing existing bonds to take advantage of low interest rates and save the state millions of dollars over the long term.”
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