IHFA to Issue $400 Million Bonds for ITD Projects
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Description
The Idaho Transportation Board recommended that the Idaho Housing and Finance Association issue up to $400 million in bonds to finance multiple statewide highway and interchange projects, with bond closing expected in early 2024.
Contract Details
Contract Amount
up to $400,000,000 bond issue (project financing)
Vendor
IDAHO HOUSING & FINANCE ASSOCIATION (IHFA)
Agency
Idaho Department of Transportation, ID
Contract Type
FINANCIAL_SERVICES
Document Date
December 13, 2023
Contract Term
Expected closing first quarter 2024; bond obligations and reporting may extend up to 36 months for drawdown per requirements
Renewal Date
2027-01-31
Renewal Info
Bonds must meet 85% drawdown requirement within 36 months; reporting and compliance timeline per bond series.
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