Investors can buy bonds to fund Washington highway projects
July 17, 2012
Investors can purchase bonds to support state highway projects, jobs and the economy through the Buy Washington Bonds effort, a program announced July 5 by State Treasurer James McIntire.
The state is issuing bonds for high-profile construction projects such as the Alaskan Way Viaduct tunnel replacement, Interstate 90 improvements near Snoqualmie Pass, lane construction on Interstate 405 and other projects.
Learn more about the Buy Washington Bonds program at state treasurer’s website, www.tre.wa.gov.
The bonds pay semiannual interest and principal is returned at maturity. The interest payment is exempt from federal income tax. Bonds come in denominations of $5,000.
The bonds have received ratings of AA+ from Fitch and Standard & Poor’s and Aa1 from Moody’s Investor Service.