Wednesday February 21, 2001
The sale also will refinance some $200 million in bonds to take advantage of available lower interest rates. It is estimated that the refinancing will result in future savings of about $2.4 million per year and aggregate savings in current dollars of approximately $30 million.
The MTA again will use both an electronic bidding process and electronic dissemination of the official statement (prospectus for the bonds) via the Internet.
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