State and local governments are primarily issuing Build America Bonds, a new form of debt created by the economic stimulus plan, for public improvement projects, according to data released by the Municipal Securities Rulemaking Board. As of June 11, 45 percent of the taxable debt's proceeds have been earmarked for general public improvement projects, 30 percent have gone to transportation, and 16 percent to education. Includes a complete list of bonds issued to school districts, colleges, and universities as of June 11, 2009.
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