Thursday, May 04, 2006
RTA defaults on bond payment
This is really too bad. It's going to make it all the more difficult for local municipal entities to secure funds in the future.
BATON ROUGE, La. -- The New Orleans Regional Transit Authority failed toFull story here
make a $6 million debt payment this week, becoming the first government
agency
default in Louisiana since Hurricane Katrina.
# posted by Jude Boudreaux @ 5/04/2006 11:33:00 AM 
