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Treasurer: Vt. sells $86.7M in bonds in a week - WCAX.COM Local Vermont News, Weather and Sports-

Treasurer: Vt. sells $86.7M in bonds in a week

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MONTPELIER, Vt. (AP) - Vermont state Treasurer Beth Pearce says the state had a successful week selling bonds to support infrastructure improvements.

Pearce says Vermont sold $86.7 million in bonds this week to help finance construction of a new state psychiatric hospital and rebuild the Waterbury state office complex. Both were flooded by Tropical Storm Irene in 2011.

This week's three bond sales included $25 million in Vermont Citizen Bonds, which are geared for investment by residents of the state. Successful bidders for two other sets of bonds were Wells Fargo and Morgan Stanley.

Other projects include school construction, phosphorus removal from Lake Champlain, construction of state police barracks in Brattleboro and Rockingham, and building the State Health Laboratory in Colchester.

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