The Bond Buyer articles from March 2004

The Bond Buyer archives from March 2004

The Digest.
March 1, 2004... Municipal bonds firmed Friday, finding impetus from Treasuries that extended gains through the afternoon in light trading. Complete market coverage by Nicholas Chesla and Anastasija Johnson appears on page 2 The Regions KEY OFFICIALS...

Treasury Firm on Leases: Jenner Says No Relief on SILO Transactions.
March 1, 2004... Although the Treasury Department wants to stop tax-advantaged leasing deals, it has no plans to ease the financial strain that action may cause municipalities by offering tax simplification proposals such as allowing one additional advance...

Bond-Heavy Orange County Road Deal May Hit Dead End.
March 1, 2004... A plan to sell $3.9 billion of bonds to bail out a toll road agency in Orange County, Calif., may not pass "go," as officials there brainstorm rescue options that do not involve borrowing. "We were getting out of debt with more debt," said...

In February, Issuance Stayed Slow: Volume of $22B Was 27% Drop From '03.
March 1, 2004... Issuance in the long-term municipal bond market continued at a slow pace in February after getting off to a meager start at the beginning of this year. Last month, issuers sold roughly $22 billion in long-term municipal bonds through 784...

News In Brief: Fourth-Quarter GDP Increases by 4.1%.
March 1, 2004... Real gross domestic product - the broadest measure of the economy's performance - rose at a 4.1% seasonally adjusted annual rate in the fourth quarter, according to preliminary figures released by the Commerce Department Friday. The...

News In Brief: Chicago PMI Dips To 63.6 in Feb.
March 1, 2004... The Chicago Purchasing Manager's Business Barometer dipped to 63.6 in February from 65.9 in January, the ninth straight month of expansion, the Purchasing Management Association of Chicago said Friday. The data is compiled on a seasonally...

News In Brief: NAPM-NY BCI Rises To 267.2 in Feb.
March 1, 2004... The New York Business Conditions Index in the National Association of Purchasing Management-New York's Report on Business posted a monthly gain in February, the sixth straight monthly rise in the index. The BCI sprang to 267.2 in February...

News In Brief: Consumer Sentiment Up From Mid-Month.
March 1, 2004... The University of Michigan's final February consumer sentiment index reading was 94.4, up from the 93.1 posted in the preliminary reading but a sharply down from the final January 103.8 reading and the preliminary January tally of 103.2,...

Friday's Market: Muni Prices Firm as Treasuries Advance; Data Has Little Impact.
March 1, 2004... Municipal bonds firmed Friday, finding impetus from Treasuries that extended gains through the afternoon in light trading. Government bonds advanced solidly into positive territory, as the market was supported by end-of-the-month buying by...

A Correction.(Correction Notice)
March 1, 2004... In a front-page story Thursday, a quote attributed to attorney Steve Mayer was incorrect. Mayer, a partner at Howard Rice, the lead firm representing a group of California cities, said those municipalities are going to file a lawsuit...

Colorado Officials Appear to Favor Tobacco Bond Issue.
March 1, 2004... Key officials in the state of Colorado are leaning more than ever toward issuing tobacco bonds later this year, but so far no consensus has been reached about the size or structure of such a deal. "I'd characterize it as we're making...

Univ. of Texas Selling $100M of Notes Backed by Gilt-Edged Fund.
March 1, 2004... The Board of Regents of the University of Texas System will next week sell $100 million of triple-A rated Permanent University Fund flexible-rate notes. The deal will price on Thursday and is scheduled to close March 10. The notes,...

Junk No More, Los Angeles Development Agency Plans $310M Sale.
March 1, 2004... A BBB-minus rating never looked so good. At least that is the sentiment of officials at the Los Angeles Community Redevelopment Agency, who last month garnered rating upgrades to BBB-minus from junk bond status on one of their high-profile...

Senate Sends TEA-21 Extension to President's Desk.
March 1, 2004... The Senate Friday cleared legislation that extends for two months the provisions of an expiring law governing the nation's highway and transit program, in order to give Congress additional time to finish work on a new six-year measure. The...

Infrastructure House Panel Criticizes Bush Plan on SRF Cuts.
March 1, 2004... Leaders of a House water panel last week criticized a nearly $500 million cut in the Environmental Protection Agency's wastewater state revolving fund loan program proposed in President's Bush's fiscal 2005 budget. "Our economic and social...

Lafayette, La., to Issue $200 MillionTo Expand Generation of Electricity.
March 1, 2004... The city of Lafayette, La., is planning to issue $200 million of utility revenue bonds, the first debt sale for its electric service operations since the early 1980s. The Louisiana State Bond Commission late last month granted approval for...

Pennsylvania's Revenue Lags Projections.
March 1, 2004... Pennsylvania revenue collections in February fell 5.8% short of expectations, the commonwealth's Department of Revenue reported on Friday. Dragged down by disappointing personal income tax revenues, sales tax receipts and taxes on...

J.P. Morgan Chase Officials to Address Chicago Concerns.
March 1, 2004... J.P. Morgan Chase & Co., which is poised to raise its profile here with the acquisition of Chicago-based Bank One Corp., will provide a "ranking" official to answer questions at a City Council hearing Friday on the firm's role in slavery-era...

The Week Ahead: N.Y.C.'s $700 Million TFA Offering Takes Center Stage.
March 1, 2004... New York and California issuers will again be at the forefront of the primary market this week, and are hoping to conquer the strong undercurrent of low yields and win attention from investors that are looking to put idle cash to work instead...

Competitive Bond Offerings.
March 1, 2004... 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.
March 1, 2004... ISSUER ST DESCRIPTION AMOUNT($000s) TIME OF SALE FINANCIAL ADVISER LEGAL OPINION MATURING INSURER MDY'S S&P FITCH BANK-QUAL. LATEST DETAILS Monday, March 1 Harborfields Ctrl...

Negotiated Bond Offerings.
March 1, 2004... Tentative dates for negotiated sales of $5 million or more. Week Of March 1 Phoenix AZ Var Purp GO 150,000 RBC Dain Rauscher --- --- --- --- --- Feb 25 California Poll Cntr CA Rev 331,000 Lehman Brothers --- --- --- --- --- Feb...

Negotiated Note Offerings.
March 1, 2004... ISSUER ST DESCRIPTION AMOUNT ($000s) LEAD MANAGER INSURER MDY'S S&P FITCH FIRST APPEARED Week Of March 1 Cleveland Heights OH Bond Antic 3,580 A.G. Edwards - - - - - Feb 27...

Results of Negotiated Sales.
March 1, 2004... ALABAMA Macon County Feb 9, 2004 $4,370,000 Limited Obligation School Warrant, Series 2004 (XL Capital Insured) (bank qualified). Dated Feb 1, 2004. Due Feb 1, 2029. First coupon Aug 1, 2004. Callable Feb 1,...

Results of Competitive Sales.
March 1, 2004... IOWA Decorah Community School District Feb 26, 2004 $2,250,000 General Obligation School Refunding Bonds, Series 2004A (bank qualified) (book entry). Dated Apr 1, 2004. Due Jun 1, 2005 to 2009. Non-callable. ...

Deals in Focus: N.Y. Health Care Issuers Ready $1B of New Money, Refundings.
March 1, 2004... After a brief lull in bond sales from New York issuers, health care borrowers in the state have lined up about $1 billion of new money and refunding deals that could price over the next four months, including some backed by the Federal Housing...

District of Columbia: Seal of Approval.
March 1, 2004... MuniNet Guide & Review honored the Web site of the district's chief financial officer for being "outstanding" and "accessible" in a statement Friday. The site maintained by CFO Natwar M. Gandhi is "one of the most complete financial web...

Maryland: Charles County Sells.
March 1, 2004... The Charles County Commissioners are planning to issue $93 million of debt next week. An $8 million portion of the sale will be taxable public improvement bonds, according to budget director David Eicholtz. A separate sale is planned for...

New Jersey: West Deptford Refunding.
March 1, 2004... West Deptford Township plans to come to market this week with a negotiated sale of $65.8 million of refunding bonds, a deal that has been given an A3 rating by Moody's Investors Service. The deal will advance refund three series of bonds...

New York: Multi-Storied Deals.
March 1, 2004... Two state housing issuers will come to market this week with $235 million in tax-exempt and taxable debt. The New York State Housing Finance Agency will sell $52 million of tax-exempt revenue bonds and $58 million of taxable revenue bonds....

New York: Miller's Relief.
March 1, 2004... New York City Council Speaker Gifford Miller said he will seek $300 million in tax relief with an across-the-board property tax cut of 2% in the 2005 budget, challenging Mayor Michael Bloomberg's proposal for a one-time property tax rebate that...

Pennsylvania: Mandel Goes Forward.
March 1, 2004... Brett Mandel, the director of financial and policy analysis under Philadelphia Controller Jonathan Saidel, is leaving city government this month to launch Philadelphia Forward, a nonprofit subsidiary of the Greater Philadelphia Urban Affairs...

Rhode Island: Prognosis Negative.
March 1, 2004... Moody's Investors Service last week placed Westerly Hospital's Baa3 bond rating on watch list for possible downgrade, affecting approximately $13 million in outstanding debt. Moody's said the hospital's operating loss increased to $4.5...

N.Y. Assembly Shoots Down Metro-North Railcar Plan.
March 1, 2004... A Metropolitan Transportation Authority plan to move up the purchase of 120 new electric railcars into the current $1.4 billion capital program was quashed Friday by New York's state Assembly. The plan, which called for the MTA to borrow...

San Diego Gets Another Downgrade, This Time From Fitch.
March 1, 2004... Doubts about pension liabilities and disclosure practices led to another downgrade for San Diego on Friday. Fitch Ratings downgraded the city's general obligation debt to AA from AAA, dropped certificates of participation to AA-minus from...

LONG-TERM BONDS: January-February.
March 1, 2004... 2004 2003 Volume No. of Volume No. of Pct. ($000s) Issues ($000s) Issues Chg TOTAL $42,525,900 1,568 $57,381,700 2,073 -25.9% January 20,524,700 784 27,103,200 972...

NEW-ISSUE VOLUME NOTES.
March 1, 2004... The new-issue volume tables are based on information compiled by The Bond Buyer from Thomson Financial's data base on Friday, Feb. 27, 2004. All figures are preliminary and subject to revision. Long-term bonds have final stated maturities...

LONG-TERM BONDS: February.
March 1, 2004... 2004 2003 Volume No. of Volume No. of Pct. ($000s) Issues ($000s) Issues Chg TOTAL $22,001,200 784 $30,278,500 1,101 -27.3 Development 156,400 7 173,300 23 -9.8 Education 6,241,000 300 9,462,800 421 -34.0 Electric...

BOND SALES BY STATE: February.
March 1, 2004... 2004 2003 State Rank Volume Rank Volume Pct Chg Alabama 43 $72,600 26 $377,600 -80.8 % Alaska 35 212,500 49 15,000 +1316.7 Arizona 5 1,914,400 11 1,520,500 +25.9 Arkansas 30 284,300 39 154,300 +84.3 California 1...

LARGEST ISSUES: February 2004.
March 1, 2004... Amount Issuer Date $2,000.0 California (State), GOs Feb 20 969.0 New York City, GOs Feb 12 835.4 Pennsylvania (Commonwealth), GOs (cpt) Feb 19 618.8 Washington (State), gas works & general purpose GOs (cpt) Feb 3 614.9...

U.S. Securities Prices.
March 1, 2004... 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 -- 3/25/2004 0.930/ 0.935/930 0.946 3M -- 5/27/2004 0.930/925...

Short-Term Tax-Exempt Yields.
March 1, 2004... Feb 27, 2004 Feb 26, 2004 Feb 27, 2003 Selected MIG-1/SP-1+ Notes California Raws Ser A 2s (MIG-1) (June 04) 1.40 1.35 1.15 Los Angeles Co Trans 2s (June 04) 0.94 0.90 1.00 Texas Trans 2s (Aug 04) 0.95 0.95 1.04 ...

Municipal Market Data General Obligation Yields.
March 1, 2004... Aaa Aaa (pure) (ins) Aa A Baa 2005 1.00 1.04 1.05 1.17 1.67 2009 2.22 2.33 2.30 2.54 3.05 2014 3.31 3.44 3.41 3.67 4.19 2019 3.88 4.00 3.97 4.21 4.73 2024 4.30 4.40 4.39 4.58 5.04 2029 4.41 4.51 4.50 4.69 5.15...

Market Indicators.
March 1, 2004... Dollar amounts are in millions Day's 2004 2004 Daily Yesterday Change High Date Low Date Municipal Bond Index 114-23 +6/32 114-19 (2/25) 111-16 (1/5) 40 Average Dollar Price 104.10 +0.19 103.96 (2/25) 101.29 (1/5) ...

Visible Supply.
March 1, 2004... Competitive Negotiated Total ($000s) ($000s) ($000s) Weekly Averages 2/27/04 2,020,175 6,431,699 8,451,874 2/20 2,426,799 7,855,092 10,281,891 2/13 2,399,040 5,616,965 8,016,006 2/6 1,948,740 5,595,735 7,544,474 ...

General Obligation Bond Prices for February 27, 2004.
March 1, 2004... Intermediate Long-Term Bond and Ratings (Moody's/S&P's) Dated Cpn & Maturity Yield Price Prev Chg Cpn &Maturity Yield Price Prev Chg STATES California Series 2003 (Baa1/BBB) 11/1/03 3 1/8% 11/1/09 2.93 101 101 unch 5 1/4% 11/1/24...

Placement Ratio.
March 1, 2004... No. Total Amt. Sales from Placement New New Accts. New Accts. Ratio Accts. ($000s) ($000s) (%) 2004 02/27 22 1,246,414 1,091,794 87.6 02/20 20 1,646,456 1,523,566 92.5 02/13 20 914,535 883.095 96.6 02/06 24...

Reoffering Yields.
March 1, 2004... 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 2/18 14.0 College Station I.S.D., Tex. (PSF gtd.)... 2.37 3.55 4.12 4.53..........

New-Issue Balances.
March 1, 2004... (,000 Omitted) * Since initial reoffering + Revised upward since last report Amount Date NEW OFFERINGS Sold Balance $73,045 2/26 * Pennsylvania Higher Ed. Fac. Auth. $51,185 $21,185 32,835 2/26 * Auraria Higher Ed. Ctr.,...

Municipal Market Yields.
March 1, 2004... Values at 2/27/2004 -- Basis Point Change from 2/20/2004 Aaa Aa A Baa 2005 1.03 +03 1.18 +02 1.40 +02 1.70 +02 2009 2.29 +06 2.45 +05 2.69 +05 2.97 +05 2014 3.40 +04 3.57 +03 3.81 +03 4.10 +03 2019 3.99 +04 4.16 +03 4.40...

Municipal Bond Index Update.
March 1, 2004... The list of bonds used to calculate the Municipal Bond Index was revised after the Feb. 27 pricing. The new coefficient is 1.0186. It was derived by dividing the Feb. 27 index (114.734159) by the average converted price of the new set of...

Municipal Bond Prices.
March 1, 2004... 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 Yield...

Municipal Bond Index.
March 1, 2004... Yesterday Previous Day Week Ago The Bond Buyer Municipal Bond Index 114-23 114-17 114-02 Friday, February 27, 2004 Maturity Par Call Dollar Conversion Converted Date Date Price Factor Price 1 Texas Turnpike Authority 5s...

Broward County to OK Swaption for Florida Panthers Arena.
March 1, 2004... In a deal designed to help the financially ailing Florida Panthers hockey team, the Broward County Commissioners are expected to give final approval tomorrow to the county's first swaption -- despite concerns about risk expressed by the...

Phoenix Rises Higher: City Kicks Off Year's Issuance With $150M.
March 2, 2004... Phoenix will play catch-up on capital improvement projects with proceeds from a $150 million general obligation bond issue scheduled to sell today, one of several major new debt offerings expected from one of the nation's fastest-growing cities...

The The Digest.
March 2, 2004... The New York City Transitional Finance Authority came to market with $711 million of future tax-secured refunding bonds today while cash bonds were little changed. Complete market coverage by Nicholas Chesla and Anastasija Johnson appears on...

Some Defendants Agree to Pay $1.6M in Holmes Harbor Case.
March 2, 2004... Washington State Superior Court Judge Alan R. Hancock has agreed to consider tentative settlements under which bondholders would receive a total of $1.6 million to settle charges against the Holmes Harbor Sewer District, four former...

Mortgage Bond Abuse Targeted: IRS Letters Query Single-Family Issuers.
March 2, 2004... The Internal Revenue Service has sent letters to several dozen issuers of single-family mortgage bonds asking for information on any upfront money paid to them or other parties in a transaction that was used to pay any portion of the issuance...

News In Brief: Personal Income, Spending Rose in Jan.
March 2, 2004... Personal income increased 0.2% and personal consumption expenditures increased 0.4% in January, the Commerce Department reported yesterday. Personal income increased $18.4 billion to slightly more than $9.38 trillion, after a revised 0.3%...

News In Brief: Construction Outlays Slid 0.3% in January.
March 2, 2004... In its first decrease since May, construction spending decreased 0.3% in January, as private construction spending declined and public construction spending increased, Commerce Department figures released yesterday show. Total construction...

News In Brief: ISM Index Dips To 61.4 in Feb.
March 2, 2004... The overall economy expanded for the 28th straight month in February, while the manufacturing sector expanded for the eighth time in as many months, the Institute for Supply Management reported yesterday. According to the ISM's monthly...

News In Brief: Weekly T-Bills Go At 0.940%, 0.990%.
March 2, 2004... Tender rates for the Treasury's latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 0.940% high rate, up from the previous auction's rate of 0.930% and as the six-months incurred a 0.990% high rate, off from the...

News In Brief: Treasury to Raise New Cash With 4-Weeks.
March 2, 2004... The Treasury Department said yesterday it will sell $22 billion of four-week discount bills today. The four-week, or 28-day, bills will raise $3 billion of new cash and refund $19 billion of maturing bills. Copyright 2004 Thomson Media...

News In Brief: Treasury to Offer Cash Managements.
March 2, 2004... The Treasury Department said it will auction $27 billion of 12-day cash management bills tomorrow. The closing time for receipt of non-competitive tenders will be 11 a.m., EST, and 11:30 a.m., EST, for competitive tenders. Copyright...

Monday's Market: N.Y.C. TFA Refunds $711 Million; Cash Bonds End Little Changed.
March 2, 2004... The New York City Transitional Finance Authority came to market with $711 million of future tax-secured refunding bonds today while cash bonds were little changed. Treasuries ended mostly lower while equities rose. Governments gave up...

California Ready to Vote on $15 Billion Deal; Raters Stand By.
March 2, 2004... California voters today will decide the fate of a proposed $15 billion bond deal in an election that is being closely watched by rating analysts, since the outcome will have dramatic implications for the state's deficit-ridden budget. As...

Florida Governor Expected to Call For More Pay-as-You-Go Financing.
March 2, 2004... Florida Gov. Jeb Bush in his sixth state of the state address today is expected to reiterate that the state should rely more on pay-as-you-go financing for projects rather than debt. Bush's speech will come as the Legislature begins its...

Va. Budget Wrangle Goes on as Warner OKs $261M in Bonds.
March 2, 2004... Members of Virginia's Senate and House of Delegates are trying to hammer out a compromise between their competing fiscal 2005-06 biennial budget blueprints, which provide from $700 million to $1.2 billion in new revenue bond authority and call...

Benedictine-St. Mary's Combined Health System to Sell $143 Million of New Money.
March 2, 2004... Despite a recent downgrade, Benedictine Health System-St. Mary's Duluth Clinic is hoping its well-known name and dominant market position serving northeastern Minnesota will draw state retail investors and funds when it sells $143 million of...

Tulsa, Okla., School District Sells $5 Million, With Raised Outlook From S&P.
March 2, 2004... The outlook for Tulsa, Okla.'s, public school district is improving as the economy begins to rebound, ratings analysts say. Standard & Poor's last week raised the outlook on the district's debt to stable from negative in advance of the...

Regulation: NACo Comes Down Strong Against Lease Transaction Crackdown.
March 2, 2004... The National Association of Counties strengthened its opposition to the federal crackdown on tax-advantaged lease transactions over the weekend. On Saturday during the association's legislative conference here, NACo's finance and...

State & Local Finance: Sen. Alexander Urges Rejection of Allen-Wyden Bill on Internet Tax Moratorium.
March 2, 2004... The Senate could vote as early as tomorrow on legislation that would permanently extend the lapsed Internet access tax moratorium, Sen. Lamar Alexander told a meeting of the National Association of Counties here yesterday. "It may come up...

Enforcement: SEC: Illegal Wheat First Profits Should Go to Treasury.
March 2, 2004... The Securities and Exchange Commission has proposed that the $245,815 in illegal profits and interest that Wheat, First Securities Inc., now Wachovia Securities Inc., turned over to the SEC after the commission ruled against it and Teressa...

Financial Advisers: Looking to Expand, NW Financial Hires Two, Plans Trenton Office.
March 2, 2004... NW Financial Group, a Jersey City, N.J.-based financial adviser, has recently hired two public finance veterans and plans to open a Trenton office later this month in a bid to expand its business into secondary markets and boost its presence in...

New Hires: Riddick Moves to Beal to Head Baltimore Office.
March 2, 2004... M.R. Beal & Co. has hired Katrina Riddick, former vice president at Atlanta-based Jackson Securities, to head its new Baltimore office. At M.R. Beal, Riddick's major focus is to generate state and local government deals in Maryland, the...

Preston Ellis Gets New Attorney in Portland.
March 2, 2004... Preston Gates & Ellis LLP yesterday announced it hired Edward "Mac" McCullough as an attorney in its municipal finance practice in Portland, Ore. Tim Sercombe, managing partner of Seattle-based Preston Gates' Portland office, said in a prepared...

Competitive Bond Offerings.
March 2, 2004... 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.
March 2, 2004... ISSUER ST DESCRIPTION AMOUNT($000s) TIME OF SALE FINANCIAL ADVISER LEGAL OPINION MATURING INSURER MDY'S S&P FITCH BANK-QUAL. LATEST DETAILS Tuesday, March 2 Milton MA Bond...

Negotiated Bond Offerings.
March 2, 2004... Tentative dates for negotiated sales of $5 million or more. Week Of March 1 Phoenix AZ Var Purp GO 150,000 RBC Dain Rauscher --- --- --- --- --- Feb 25 California Poll Cntr CA Rev 331,000 Lehman Brothers --- --- --- --- --- Feb...

Negotiated Note Offerings.
March 2, 2004... ISSUER ST DESCRIPTION AMOUNT ($000s) LEAD MANAGER INSURER MDY'S S&P FITCH FIRST APPEARED Week Of March 1 Cleveland Heights OH Bond Antic 3,580 A.G. Edwards --- --- --- --- --- Feb 27 Copyright 2004...

Results of Negotiated Sales.
March 2, 2004... ALABAMA Scottsboro (City) Feb 23, 2004 $23,995,000 General Obligation School Warrants, Series 2004A (Ambac Insured) (book entry) $21,825,000. Dated Mar 1, 2004. Due Jul 1, 2005 to 2028. First coupon Jul 1, 2004. ...

Results of Competitive Sales.
March 2, 2004... KENTUCKY Mason County School District Finance Corporation Mar 1, 2004 $14,425,000 School Building Revenue Bonds, Series 2004 (book entry). Dated Mar 1, 2004. Due Mar 1, 2005 to 2024. Callable Mar 1, 2014 at par. ...

ARIZONA: A Smoother Process?
March 2, 2004... Lawmakers expect much smoother sailing this year for drafting and approving spending measures. House Majority Leader Eddie Farnsworth, R-Gilbert, said he expects to have a budget ready for lawmakers to vote on by March 19. In last year's...

ARKANSAS: One More Thing.
March 2, 2004... Less than a month after Gov. Mike Huckabee adjourned a special legislative session on school finance, the General Assembly this week will meet to adjust laws forcing the consolidation of school districts with fewer than 350 students. This...