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S.F. Airport Saves With VR Conversion.

Authors :
Ward, Andrew
Source :
Investment Dealers' Digest; 6/5/2009, Vol. 75 Issue 22, p11-14, 2p
Publication Year :
2009

Abstract

The article reports on the move of San Francisco International Airport to market its alternative minimum tax (AMT) as tax-exempt in San Francisco, California. It states that the airport has remarketed four of its variable-rate demand obligations (VRDOs) with a total amount of $266.7 million as tax-exempt. Kevin Kone, assistant deputy airport director, states that moving from AMT to non-AMT opens up the buyer base for these types of securities.

Details

Language :
English
ISSN :
00210080
Volume :
75
Issue :
22
Database :
Complementary Index
Journal :
Investment Dealers' Digest
Publication Type :
Periodical
Accession number :
41988807