Devil In Details As NY Mulls Record $5B Enviro Bond Debt

Law360, New York (August 29, 2013, 8:37 PM ET) -- A bipartisan proposal by two key New York lawmakers to issue $5 billion in bonds for water, sewer, flood control and other crucial projects is turning heads in the Legislature, but experts say the blue-sky bill doesn't yet provide enough detail to overcome doubts about adding the record sum to an already-hefty debt load.

If passed, signed and then approved by voters in November 2014, the bill would see $2 billion spent on clean water and flood control, $2 billion spent on sewage infrastructure and $1...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

Required