FINANCE & PERSONNEL
COMMITTEE
JAMES CARROLL
File #061006 is a resolution authorizing the Commissioners of Public Debt to market general obligation �corporate purpose notes� pursuant to the provisions of Chapter 67, Wis. Stats.
For the debt issued under this
resolution, the Comptroller�s Office estimates debt service expenditures of $1.3
million in 2006 and $8 million per year 2008-2017. The estimate is based on a
10-year level principal issuance of $60 million, at an interest rate of 4.5%.
The actual amount may be more or less depending on the pace of the projects.
Actual debt may be amortized over a shorter period depending upon the useful
life of the projects being financed. Actual interest rates depend on the rates
at the time of the issuance.
Cc: Marianne Walsh Prepared by:
W. Martin Morics November 27, 2006
Richard Li
Mike Daun