Bond commission approves VRDB refinancing plan for gas-and-fuels tax bonds The commission approved a resolution to convert 2022 floating-rate gas-and-fuels tax notes into variable-rate demand bonds (VRDBs) with TD Bank as part of a hedged structure; staff scheduled pricing for Dec. 9 and closing for Dec. 10.

The State Bond Commission has greenlighted a strategic refinancing plan that could lower costs and streamline gas-and-fuels tax bonds—are you ready for the financial shift ahead?

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