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Bond interest bill signed into law in New York
Gov. Hugh Carey signed a law permitting local governments to issue advance refunding bonds to refinance older debt at lower rates. Suffolk County could save about 860 thousand dollars yearly, with potential total savings above 28 million. The measure applies to bonds issued since 1970 by cities towns villages counties and school districts.
MENTIONED IN THIS ARTICLE
Albany
Hugh Carey
Suffolk County
Carey
Gav. Carey