Oklahoma seeks TIFIA loan under new state borrowing law - Bond Buyer

Oklahoma hopes to close on a federal loan this summer for rural highway construction and improvements that would tap into $200 million of borrowing authorized by a 2021 state law.

Andrew Messer, the state’s deputy treasurer for policy and debt management, said the Oklahoma Capitol Improvement Authority and the state’s transportation department have been working with the U.S. Department of Transportation for several months on an approximately $41.5 million loan through the federal Transportation Infrastructure and Innovation Act.

He added the TIFIA loan, which could close in June or July, would be the first with the OCIA as the borrower after the law allowed the authority to enter into loan agreements with the USDOT.

source: https://www.bondbuyer.com/news/oklahoma-seeks-tifia-loan-under-new-state-borrowing-law

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