The state-appointed financial custodian of Pennsylvania's financially troubled state capital says Harrisburg won't make installment payments for a fourth straight time on two series of general obligation bonds and notes.
The custodian, William Lynch, said Wednesday the city is skipping almost $3.5-million in payments due on Sunday. Lynch's office says Harrisburg's defaulted payments, including those due this month, exceed $17-million. It says the bond insurer, Ambac, is making the timely payments to bondholders and that Ambac has agreed to relax Harrisburg's repayment obligations required under the bonds.
A condition of the Ambac agreement requires Harrisburg to pay Ambac nearly $6-million by December 15th. That money is supposed to come from the proceeds of a pending transaction that leases the city's parking garages and lots to a state agency.
Monday March 10th
Dr. Gabe Mirkin
Dr. Gabe Mirkin on Fitness & Health Facebook page
Dr. Mirkin on Twitter
Tuesday March 11th
Wednesday March 12th
Master Gardener Tom Ford
Leather Lounge Chair
love seat-type, made for 2,
has two seperate sections,
white, 2 years old, from a non-pet,
non-smoking home - $200
Sara, Altoona 381-8008
Nintendo Wii U
new in box, latest edition - $275
Wednesday March 5th
Central Blair Recreation and Park Commission
Fundraising Talent Bank
Deadline for applications March 10th
Alto Model Train Museum Association Scalefest
Sunday March 9th 9am to 2pm