About Bonds

Bond In Investing Savings The state Treasury Department will not issue bonds to resolve debt owed by the Pollution Control Financing Authority, officials said Wednesday.

The state Treasury Department will not issue bonds to resolve debt owed by the Pollution Control Financing Authority, officials said Wednesday. PCFA officials are confident, however, that the state will make cash payments every six months to the agency's creditors. The PCFA, which operates the landfill in White Township and paid to construct the incinerator in Oxford Township, owes money on both facilities. The Treasury Department had promised to pay off the PCFA's debt through bonds, but cannot do that because of a court decision that does not allow for bonding without voter approval.

Bond Investment Toledo Toledo PCFA officials are confident, however, that the state will make cash payments every six months to the agency's creditors.

First, Ballot Question 3, if approved, would add substantial debt to our state. New Jersey now has $3.17 billion in general obligation bonds that must be paid off. We have an additional $1.15 billion in debt that has been authorized by the voters but for which bonds have not been issued. We have a total state debt of $16.8 billion. In the current fiscal climate, the board of the League of Women Voters of New Jersey feels this is an unnecessary new burden for New Jersey taxpayers.

James Bond Trading Card The PCFA, which operates the landfill in White Township and paid to construct the incinerator in Oxford Township, owes money on both facilities. The Treasury Department had promised to pay off the PCFA's debt through bonds, but cannot do that because of a court decision that does not allow for bonding without voter approval.

What if I can't afford my bond It's not unusual to be unable to pay your bond (especially as it can be up to $2000 required to be paid in one lump sum). Some landlords may let you pay in installments, or alternately you can apply for a bond loan from your state's Department of Housing. This organization provides interest free loans for people are unable to pay a full rental bond to move into private accommodation.

Bond In Investing Stock The Treasury Department figured the PCFA bonds can be paid off in a few years, so it would not be worthwhile to refinance the authority's debt when the state can make debt payments as they come due, said PCFA Chairman Robert Zelley.

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Municipal Bonds Investment Zelley said the PCFA wrote to the Treasury Department describing the agency's financial situation Oct. 18.

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Bond Terms Trading The PCFA will be able to make a $3 million payment on the landfill, but can not make a $5.9 million payment on the incinerator, Zelley said. Both payments are due Dec. 1.

Bond Debt High In Inside The PCFA will owe $3.3 million on the landfill in 2003. The incinerator payments due next year are about $7.3 million.

Bond Greenville Greenville Zelley said the PCFA needs state assistance because it does not bring in enough revenue to pay for debt, administration, host community fees, and the anticipated cost of closing the landfill.

Trading Stock And Bonds The agency owes nearly $60 million in debt, $16.4 million on the landfill and the rest on the county incinerator in Oxford Township.

Bond Investing Municipal By Katherine Blok
The Express-Times - 11/7/2002

Topic: Solid Waste

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