Email Us! Facebook Facebook You Tube Join Now
(309) 663-6497

#ILLINOIS BUDGET IMPASSE WARNING

In the prospectus for Illinois’ June 16 sale of $550 million of bonds, the state warned that if it were to miss a payment – something the state has never done, but during the current budget impasse may be a possibility – bondholders’ ability to collect their money could be delayed by court proceedings or other actions out of the state’s control. This is the first time the state has highlighted such a warning. (Reuters)

This entry was posted in Agriculture News. Bookmark the permalink. Both comments and trackbacks are currently closed.