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Published on 3/2/2012 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Texas Department of Transportation calls some mobility fund bonds

By Marisa Wong

Madison, Wis., March 2 - The Texas Department of Transportation said it will redeem $3,185,000 of its $82,315,000 of outstanding variable-rate general obligation mobility fund bonds, series 2005B, on April 1.

The bonds, which are due April 1, 2030, will be redeemed at par plus accrued interest to the redemption date.

The transportation commission is based in Austin, Texas.


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