
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: SATURDAY, June 5, 1993                   TAG: 9306050179
SECTION: VIRGINIA                    PAGE: B-3   EDITION: METRO 
SOURCE: The Associated Press
DATELINE: RICHMOND                                LENGTH: Short

$98.7 MILLION IN BONDS SOLD FOR U.S. 58

The Commonwealth Transportation Board has sold $98.7 million in bonds for continued work on improving U.S. 58, Gov. Douglas Wilder said Friday.

This is the second series of bonds to be issued for the road stretching the southern length of the state.

In 1989, $200 million in bonds were issued.

Funds from the new bonds will be used to continue environmental studies, prepare design plans, acquire rights of way, and build new portions of the road.

The General Assembly authorized using a portion of the taxes collected when real estate sales are recorded to provide for debt service on the bonds.

The bonds were sold Wednesday at an interest rate of 5.59 percent with a 25-year term.

by CNB