The Bond Buyer articles from April 2005

The Bond Buyer archives from April 2005

The Digest.
April 1, 2005... Municipal bonds firmed yesterday, unable to ignore the third straight day of gains in Treasuries as relative value players returned to the market, but activity and willingness to bid higher for bonds was limited by the key employment report due...

New York Passes Budget!: Approval Ends Over 20 Years of Blown Deadlines.
April 1, 2005... New York lawmakers yesterday approved a $105 billion spending plan for the fiscal year that starts today, legislative aides said. The accord marks the first time in more than 20 years that the state's budget was delivered on time. The...

Long-Term Volume Hits $96.6B, Setting New First-Quarter Record.
April 1, 2005... Long-term municipal bond issuers raced to market in the first three months of the year to sell a first-quarter record of $96.6 billion in 3,093 issues - as expectations of higher rate increases convinced issuers to refund their bonds. The...

MTA Approves Stadium Deal For N.Y. Jets: State, City May Sell $300M of Debt Each.
April 1, 2005... The board of New York's Metropolitan Transportation Authority unanimously approved a controversial plan yesterday to build a sports and convention center in Manhattan to house the Jets pro-football team under a proposal requiring more than $600...

News In Brief: Jobless Claims Rise 20,000 to 350,000.
April 1, 2005... WASHINGTON -- First-time applications for state unemployment rose 20,000 to 350,000 in the week ended March 26, according to data released by the Labor Department yesterday. The last time the applications figure was this high was the week...

News In Brief: Personal Income, Spending Increase.
April 1, 2005... WASHINGTON -- Personal income rose 0.3% in February, while personal consumption increased 0.5%, the Commerce Department reported yesterday. Personal income rose by $33.2 billion to about $10.0 trillion after a revised 2.5% decline in...

News In Brief: Factory Orders Up; Inventories Also Gain.
April 1, 2005... WASHINGTON -- New factory orders for manufactured goods, excluding semiconductors, increased in February, inching up 0.2% or $600 million to $380.4 billion, the Commerce Department reported yesterday. The rise in new orders - the fifth in...

News In Brief: Chicago PMI Jumps To 69.2 in March.
April 1, 2005... The Chicago Purchasing Manager's Business Barometer rose to 69.2 in March from a 62.7 in February, the 21st straight month of expansion as defined by a reading above 50.0, the Purchasing Management Association of Chicago said yesterday. ...

News In Brief: NAPM-NY BCI Rises To 344.5 in March.
April 1, 2005... The New York Business Conditions Index in the National Association of Purchasing Management-New York's Report on Business posted a monthly gain in March, the 19th straight monthly rise in the index, and again a record high. The BCI grew to...

News In Brief: Feb. Help-Wanted Index Unchanged.
April 1, 2005... The volume of help wanted ads in newspapers in the U.S. was flat in February, as measured by the Conference Board's help-wanted advertising index, released yesterday. The index held at 41 in February. A year ago the index was 40. ...

News In Brief: T-Bill Auction To Pay Down $1.517B.
April 1, 2005... WASHINGTON -- The Treasury Department said yesterday it will pay down $1.517 billion at its weekly auction of 91-day and 182-day discount bills Monday by selling $34 billion to refund $35.517 billion in maturing securities. Copyright 2005...

Thursday's Market: Municipal Prices Firm, But Activity Is Limited Ahead of Key Jobs Data.
April 1, 2005... Municipal bonds firmed yesterday, unable to ignore the third straight day of gains in Treasuries as relative value players returned to the market, but activity and willingness to bid higher for bonds was limited by the key employment report due...

A Correction.(Correction Notice)
April 1, 2005... A story Wednesday incorrectly named Gilmore & Bell as co-bond counsel on the Kansas City Industrial Development Authority's $180 million entertainment district bond sale. The Hardwick Group and the Broadus Law Firm were bond counsel on the...

Minnesota Legislature Moves on Stalled $945M Bond Bill.
April 1, 2005... CHICAGO -- The Minnesota Legislature moved a step closer to final approval of a two-year capital bill this week when the Capital Investment Conference Committee approved a $945 million bonding bill that had been delayed by nearly a year. A...

Lieut. Governor Criticizes TxDOT Over Highway Debt Moves.
April 1, 2005... DALLAS -- A letter sent this week by Texas Lieut. Gov. David Dewhurst to the state's top transportation official blasts the Texas Department of Transportation for failing to report its plans to issue bonds to the Legislature and suggests that...

Moody's Downgrades Bonds From Illinois Home of Sears.
April 1, 2005... CHICAGO -- Moody's Investors Service downgraded its rating for $22 million of outstanding tax-increment junior-lien revenue bonds issued by Hoffman Esdebt that is primarily backed by revenue from an economic development area where Sears,...

Homeland Security: TBMA Joining in Emergency Preparedness Test.
April 1, 2005... The Bond Market Association will participate in next week's U.S. TOPOFF 3 test, an exercise in which municipal market participants, government agencies, and trade groups will explore how a simulated terror scenario might affect market...

Legislation: Council of Development Finance Agencies Lays Out Priorities for '05.
April 1, 2005... The Council of Development Finance Agencies this week released its list of 2005 legislative priorities, which includes several recommendations to ease restrictions on small-issue industrial development bonds, including moving up the capital...

Airports: Moody's Raises Outlook for MWAA, Citing Passenger Increases.
April 1, 2005... Citing significant increases in the number of passengers using Ronald Reagan Washington National Airport and especially Washington Dulles International Airport, Moody's Investors Service has raised its rating outlook on the Metropolitan...

Muni Mutual Funds February Inflows of $741 Million a Big Improvement Over '04.
April 1, 2005... Municipal bond mutual funds had a net inflow of $741 million in February, as investors continued to show renewed interest this year, the Investment Company Institute reported. The February results follow a net inflow of $870 million into...

Money Market Funds Yield Rise to 1.47% Following Fed Hike.
April 1, 2005... Tax-free money market funds' average weekly yield rose 12 basis points on an annualized basis to 1.47% during the week ended Monday after the Federal Reserve raised its federal funds rate target, according to iMoneyNet Inc. On March 22, the...

Competitive Bond Offerings.
April 1, 2005... Letter F next to the issuer's name signifies the Official Notice of Sale is available on the internet! Go to www.bondbuyer.com ISSUER ST DESCRIPTION AMOUNT ($000s) TIME OF SALE FINANCIAL ADVISER LEGAL OPINION MATURING...

Competitive Note Offerings.
April 1, 2005... ISSUER ST DESCRIPTION AMOUNT($000s) TIME OF SALE FINANCIAL ADVISER LEGAL OPINION MATURING INSURER MDY'S S&P FITCH BANK-QUAL. LATEST DETAILS Tuesday, April 5 Farmington...

Negotiated Bond Offerings.
April 1, 2005... Tentative dates for negotiated sales of $5 million or more. ISSUER ST DESCRIPTION AMOUNT ($000s) LEAD MANAGER FINANCIAL ADVISER INSURER MDY'S S&P FITCH FIRST APPEARED Friday, April 1 Illinois Fin...

Negotiated Note Offerings.
April 1, 2005... ISSUER ST DESCRIPTION AMOUNT ($000s) LEAD MANAGER FINANCIAL ADVISER INSURER MDY'S S&P FITCH FIRST APPEARED Week Of April 4 Jackson Pub SD MS Ref 25,765 A.G. Edwards - - - - -...

Results of Negotiated Sales.
April 1, 2005... ALABAMA Bay Minette (City) Mar 31, 2005 $2,980,000 General Obligation Warrants, Series 2005 (book entry). Dated Mar 1, 2005. Due Jun 1, 2005 to 2024. First coupon Jun 1, 2005. Purchased through negotiation by...

Results of Competitive Sales.
April 1, 2005... ALABAMA Talladega County Board of Education Mar 31, 2005 $1,000,000 Capital Outlay Warrants, Series 2005-A (bank qualified) (book entry). Dated Apr 1, 2005. Due Nov 1, 2005 to 2031. Callable Nov 1, 2014 at par. ...

Rating Changes.
April 1, 2005... Dollar amounts represent the amount of bonds outstanding in the issue. Rating changes that result from the purchase of the letters of credit or bond insurance for issues in the secondary market are not included. ISSUER AMOUNT ...

Deal in Focus: King County, Wash., Builds a Sturdier, Double-Barreled Credit.
April 1, 2005... SAN FRANCISCO -- Using a double-barreled structure to make an already strong credit even stronger, King County, Wash., Monday plans to competitively sell $200 million of limited-tax general obligation bonds to support the county's long-term...

ALASKA: Airport Bonds Sought.
April 1, 2005... Gov. Frank Murkowski said this week he would ask lawmakers to authorize up to $288 million of new airport revenue bonds. The bonds will fund remodeling for terminals at Anchorage and Fairbanks airports, as well as provide state matching...

CALIFORNIA: New Secretary of State.
April 1, 2005... Bruce McPherson was sworn in Wednesday afternoon as secretary of state shortly after he was confirmed by the Assembly. McPherson, a Republican, was nominated by Gov. Arnold Schwarzenegger following the departure of Kevin Shelley. Shelley...

CALIFORNIA: Tax Amnesty Deadline.
April 1, 2005... Controller Steve Westly urged Californians to take advantage of a tax amnesty program he has championed as a painless source of revenue for the state's battered budget. The program allows people and businesses that owe taxes to file...

CALIFORNIA: Fall River Rating.
April 1, 2005... Standard & Poor's assigned an A-minus to Fall River Joint Unified School District's $2.2 million of general obligation bonds ahead of the district's debt issuance next Wednesday. The agency cited the district's strong financial performance,...

HAWAII: Superferry Fight.
April 1, 2005... Three environmental groups filed a lawsuit late last week against the state and the company that is developing the Hawaii Superferry, demanding that the project must undergo an environmental review. Just the week before, the Senate...

MONTANA: GO Bill Advances.
April 1, 2005... The House this week approved a $67.5 million general obligation bond measure, primarily to finance education. While the measure had only cleared committee by a 12-to-8 vote, the full House approved it 81 to 17, handily exceeding the...

WASHINGTON: Partisan Budget Moves.
April 1, 2005... Senate Democrats overcame fierce opposition from united Republicans Wednesday and passed a budget that would raise taxes by nearly half a billion dollars, sending the $26 billion plan on to the House. The vote was strictly along party lines,...

WASHINGTON: Public Works Chair.
April 1, 2005... Gov. Christine Gregoire this week appointed Diane Gale to chair the state Public Works Board. Gale is the former director of Seattle Public Utilities and the city's Office of Management and Budget. She currently is faculty chairwoman of...

Most Bond Buyer Yield Indexes Drop Amid Influx of Paper.
April 1, 2005... Most of The Bond Buyer's yield indexes fell this week as an abundance of secondary and primary municipal paper prevented the market from following rallying Treasuries. A number of traders alleged that American International Group Inc. had...

Virginia Biennial Budget Amendments Feature No New Bonding Authority.
April 1, 2005... WASHINGTON -- Virginia Gov. Mark R. Warner did not propose new bond authority in the package of proposed amendments to the $60 billion fiscal 2005-2006 biennial budget that he submitted to the General Assembly late Wednesday, a state finance...

LONG-TERM BONDS: January-March.
April 1, 2005... 2005 2004 Volume No. of Volume No. of Pct. $000s) Issues ($000s) Issues Chg TOTAL $96,596,000 3,093 $87,081,200 3,327 +10.9 % January 22,412,000 799 20,800,900 ...

NEW-ISSUE VOLUME NOTES.
April 1, 2005... The new-issue volume tables are based on information compiled by The Bond Buyer from Thomson Financial's data base on Thursday, March 31, 2005. All figures are preliminary and subject to revision. Long-term bonds have final stated...

LARGEST ISSUES: March 2005.
April 1, 2005... Amount Issuer Date $1,232.1 Massachusetts (Commowealth), various purpose GOs (NM/ref) Mar 17 1,034.5 Brazos Higher Education Authority, Tex., student loans Mar 1 993.5 Puerto Rico Electric Power Authority Mar 28 920.6 New...

LONG-TERM BONDS: March.
April 1, 2005... 2005 2004 Volume No. of Volume No. of Pct. ($000s) Issues ($000s) Issues Chg TOTAL $43,433,500 1,310 $38,710,600 1,401 +12.2 % Development 1,158,400 31 820,100 36 +41.3 Education 15,096,000 566 9,366,800 510 +61.2 ...

BOND SALES BY STATE: January-March.
April 1, 2005... 2005 2004 Volume Volume Percentage State Rank ($000s) Rank ($000s) Change Alabama 27 $1,038,500 39 $315,000 +229.7 % Alaska 34 490,800 41 286,200 +71.5 Arizona 15 1,719,900 8 2,937,700 -41.5 Arkansas 38 440,900...

U.S. Securities Prices.
April 1, 2005... Prices as of 3 p.m. ET. Source: GovPx Inc. Treasury Bills Yesterday's Prev. Day's Yesterday's (in percent of discount) Bid/Offer Bid/Offer Bid Yield 1M -- 4/21/2005 2.580/575 2.655/645 2.621 3M -- 6/30/2005 2.725/720...

Short-Term Tax-Exempt Yields.
April 1, 2005... Mar 31, 2005 Mar 30, 2005 Apr 1, 2004 Selected MIG-1/SP-1+ Notes California Rans 3s (June 05) 2.45 2.27 1.03 Los Angeles Co Trans 3s (June 05) 2.45 2.27 0.98 New Jersey Trans 3s (June 05) 2.45 2.27 n.a. Texas Trans 3s...

Municipal Market Data General Obligation Yields.
April 1, 2005... Aaa Aaa (pure) (ins) Aa A Baa 2006 2.52 2.59 2.58 2.69 2.97 2010 3.24 3.35 3.33 3.51 3.86 2015 3.84 3.98 3.95 4.16 4.55 2020 4.15 4.27 4.25 4.45 4.83 2025 4.40 4.51 4.50 4.65 4.98 2030 4.54 4.64 4.63 4.75 5.07...

Market Indicators.
April 1, 2005... Dollar amounts are in millions Day's 2005 2005 Daily Yesterday Change High Date Low Date Municipal Bond Index 112-26 +10/32 116-07 (2/9) 112-11 (1/4) 40 Average Dollar Price 102.21 +0.26 105.59 (2/9) 101.95 (3/30) ...

Weekly Yields of 20-Bond GO Index and Treasury Securities.
April 1, 2005... Latest Previous Year 12-Month Week Week Ago High Low 20-Bond Index 4.61 4.63 4.59 5.14 4.27 10-Year Treasury Note 4.49 4.60 3.88 4.85 3.78 30-Year Treasury Bond 4.76 4.86 4.80 5.55 4.46 Basis Pt Spread to Note -12 -3 -71...

Credit Calendar.(Calendar)
April 1, 2005... MONDAY, April 4 The Treasury pays down $1.517 billion at its regular weekly auction of three-month and six-month discount bills by selling $34 billion to replace $35.517 billion in maturing securities and announces the size of its...

Bond Buyer Indexes.
April 1, 2005... Average Municipal Bond Yields -- Compiled Weekly 20-Bond 11-Bond 25-Bond 10-Year 30-Year GO Index1 GO Index1 Revenue2 Treasury3 Treasury3 2005 MAR 31 4.61 4.52 5.03 4.49 4.76 24 4.63 4.55 5.04 4.60 4.86 17...

Municipal Bond Index Update.
April 1, 2005... The list of bonds used to calculate the Municipal Bond Index was revised after the March 31 pricing. The new coefficient is 1.0196. It was derived by dividing the March 31 index (112.803851) by the average converted price of the new set of...

State and Local Government Series Rates.
April 1, 2005... Friday Monday Tuesday Wednesday Thursday Mar 25 Mar 28 Mar 29 Mar 30 Mar 31 Overnight* 2.00 2.00 1.99 1.99 1.99 Three Months 2.79 2.79 2.79 2.79 2.78 Six Months 3.11 3.11 3.14 3.12 3.10 Nine Months 3.24 3.24 3.26 3.24...

Reoffering Yields.
April 1, 2005... NRO - Not Reoffered; S.B. - Sealed Bid; SNA - Sold, Not Available Offer Amount Date ($Mil) RECENT OFFERINGS 1 Year 5 10 15 20 25 30 Aaa -- AAA 3/30 99.9 Metro Council, Minn... 2.66 3.38 3.99 4.24 4.47....... 3/29 5.0...

New-Issue Balances.
April 1, 2005... (,000 Omitted) * Since initial reoffering + Revised upward since last report Amount Date NEW OFFERINGS Sold Balance $57,020 3/31 Kansas City, Mo. $57,020 All Sold 45,830 3/31 Evergreen Sch. Dist., Calif. 37,830 8,000 ...

Municipal Bond Prices.
April 1, 2005... These 40 Bonds are evaluated and priced daily by Standard & Poor's Securities Evaluations. All figures are rounded to the nearest eighth when reported in this table. "Change in Bid" is rounded after calculation. Dollar Change...

Municipal Bond Index.
April 1, 2005... Current Day Previous Day Week Ago Month Ago Year Ago The Bond Buyer Municipal Bond Index 112-26 112-16 112-22 113-25 113-10 Thursday, March 31, 2005 Maturity Par Call Dollar Conversion Converted Date Date Price Factor Price 1...

California Special Election Would Burden Counties, Officials Say.
April 1, 2005... SAN FRANCISCO -- California Gov. Arnold Schwarzenegger's expected November special election will be an undue burden on county governments, officials from five different counties said at a press event convened yesterday by Controller Steve...

Arizona Agency, Fiesta Bowl Organizers Reach Compromise on Fee Shares.
April 1, 2005... DALLAS -- The first college football national championship game could be played in January 2007 at a publicly financed stadium currently under construction in a Phoenix suburb following a compromise between the Arizona Sports and Tourism...

MBIA Says N.Y. Attorney General, SEC Are Seeking More Documents in Probe.
April 1, 2005... State and federal authorities have requested additional documents from MBIA Inc. to further probe the bond insurer's reinsurance transactions. In a press release Wednesday, MBIA said the New York attorney general's office and the U.S....

The Digest.
April 4, 2005... Municipal bonds finished higher Friday along with Treasuries, despite a brief sell-off after an unexpected release of the Institute for Supply Management services sector index temporarily overshadowed a bond-friendly March employment report....

Nevada Gets Tax Relief: Last Minute Property Deal Provides Tax Cap.
April 4, 2005... SAN FRANCISCO -- The Nevada Legislature reached a deal late Thursday evening to limit annual property-tax bills to a 3% increase for most homeowners and 8% for commercial and rental property owners, signaling a solution to this legislature's...

Idaho Legislators, Governor Clash Over Garvee Bond Bill.
April 4, 2005... SAN FRANCISCO -- A battle over Garvee bonds threw Idaho's Legislature into turmoil last week. Gov. Dirk Kempthorne made his "Connecting Idaho" plan the centerpiece of his 2005 agenda. The bill would authorize $1.6 billion of grant...

Citigroup Top Underwriter In 1st Quarter: Firm Lead Managed $15.9B in 162 Issues.
April 4, 2005... Citigroup Global Markets Inc. clinched the top spot in the negotiated and competitive categories in the first quarter of 2005, serving as lead underwriter on $15.91 billion in municipal bonds through 162 issues. The firm has taken the...

News In Brief: Non-Farm Payrolls Gain 110,000 in March.
April 4, 2005... WASHINGTON -- Non-farm payrolls increased 110,000 to 132.9 million in March, while the unemployment rate declined to 5.2%, according to data released by the Labor Department's Bureau of Labor Statistics Friday. The increase in payrolls...

News In Brief: ISM Index Dips To 55.2 in March.
April 4, 2005... The overall economy expanded for the 41st straight month in March, while the manufacturing sector expanded for the 22d time in as many months, the Institute for Supply Management reported Friday. According to the institute's monthly report...

News In Brief: Consumer Sentiment Slipped in March.
April 4, 2005... The University of Michigan's final March consumer sentiment index reading was 92.6, down from 92.9 at mid-month and from the final February 94.1, according to market sources. Economists polled by IFR BondData Americas had predicted a 93.2...

News In Brief: Construction Spending Hits Record $1.047T.
April 4, 2005... WASHINGTON -- Spending on construction projects climbed in February to a record high as both private and public construction also increased to all-time high levels, Commerce Department figures released Friday show. Total construction...

News In Brief: Inflation Index Off, Pressures Still Up.
April 4, 2005... WASHINGTON -- The U.S. future inflation gauge dropped to 118.4 in March from a downwardly revised 118.6 in February, according to data released by the Economic Cycle Research Institute Friday morning. Despite the latest dip, however, ECRI said...

Friday's Market: Both Munis and Treasuries Finish Higher Despite Brief Early Sell-Off.
April 4, 2005... Municipal bonds finished higher Friday along with Treasuries, despite a brief sell-off after an unexpected release of the Institute for Supply Management services sector index temporarily overshadowed a bond-friendly March employment report....

Indiana Senate Considers Tax Hikes to Close Budget Gap.
April 4, 2005... CHICAGO -- The Indiana Senate is expected to vote this week on a budget proposal that seeks to increase some taxes and shift gaming revenues, measures that differ from those approved in a House version of the 2006-2007 biennial budget. The...

Orleans Parish Schools in the Red, But Debt Service a Priority.
April 4, 2005... ATLANTA -- An audit released last week revealed that the Orleans Parish, La., School Board is almost broke, but officials say they are working diligently to restore financial stability as well as make sure debt service is paid on outstanding...

Maryland Senate OKs Increase in Garvee Cap for Toll Road Plan.
April 4, 2005... WASHINGTON -- The Maryland Senate approved legislation Friday, 31 to 15, that would increase to $750 million from $600 million the cap on the amount of Garvee bonds that can be included in the funding package for the $2.4 billion Intercounty...

Maryland House Approves $670 Million Capital Budget.
April 4, 2005... WASHINGTON -- Maryland could issue $670 million of general obligation debt in fiscal year 2006 if the state Senate approves the House of Delegates' capital budget proposal later this month. The House green-lighted a plan last Thursday that...

Regulation: TBMA: Pay-to-Play Restrictions Should Be Clearer.
April 4, 2005... Charging that the Municipal Securities Rulemaking Board's proposed new restrictions on pay-to-play practices are too "vague," The Bond Market Association urged the MSRB Friday to clarify its proposals and establish clear standards that...

Mutual Funds: Muni Fund Flows Dip for 2d Time This Year.
April 4, 2005... Municipal bond mutual fund flows took a dip during the week ended March 30 for just the second time this year, as the weekly-only category had a $187.06 million outflow, according to AMG Data Services. The outflow occurred after the funds...

The Week Ahead: California the Main Player With $980 Million GO Sale.(Calendar)
April 4, 2005... California's $980 million general obligation bond sale on Wednesday will dwarf all other deals in the primary market next week, as the state looks to capture lower yield spreads for a second time this year. While still burdened with a...

Competitive Bond Offerings.
April 4, 2005... Letter F next to the issuer's name signifies the Official Notice of Sale is available on the internet! Go to www.bondbuyer.com ISSUER ST DESCRIPTION AMOUNT ($000s) TIME OF SALE FINANCIAL ADVISER LEGAL OPINION MATURING...

Competitive Note Offerings.
April 4, 2005... ISSUER ST DESCRIPTION AMOUNT($000s) TIME OF SALE FINANCIAL ADVISER LEGAL OPINION MATURING INSURER MDY'S S&P FITCH BANK-QUAL. LATEST DETAILS Tuesday, April 5 Farmington...

Negotiated Bond Offerings.
April 4, 2005... Tentative dates for negotiated sales of $5 million or more. ISSUER ST DESCRIPTION AMOUNT ($000s) LEAD MANAGER FINANCIAL ADVISER INSURER MDY'S S&P FITCH FIRST APPEARED Week Of April 4 Continental ESD...

Negotiated Note Offerings.
April 4, 2005... ISSUER ST DESCRIPTION AMOUNT ($000s) LEAD MANAGER FINANCIAL ADVISER INSURER MDY'S S&P FITCH FIRST APPEARED Week Of April 4 Jackson Pub SD MS Ref 25,765 A.G. Edwards - - A2 - ...

Results of Negotiated Sales.
April 4, 2005... ALABAMA Fairhope (City) Mar 15, 2005 $8,455,000 Utilities Revenue Warrants, Series 2005. Dated Mar 1, 2005. Due Dec 1, 2005 to 2020. First coupon Jun 1, 2005. Callable Dec 1, 2013 at par. Purchased through...

Results of Competitive Sales.
April 4, 2005... NEW JERSEY Dumont (Borough) Mar 31, 2005 $5,000,000 Tax Anticipation Notes (bank qualified) (book entry). Dated Apr 7, 2005. Due Apr 6, 2006. Purchased $5,000,000.00 by Parker/Hunter, at 3.625%, plus $36,000.00,...

Oklahoma Oversight Council Approves $50 Million Garvee Sale by ODOT.
April 4, 2005... DALLAS -- The Oklahoma Department of Transportation will sell the second $50 million issue of its first $100 million of grant anticipation revenue vehicle bonds to finance work on highway projects across the state. The Oklahoma Council of Bond...