1340 AM, Sunday, November 23rd, 2008
Lease Begins Accruing Interest
Last updated on Monday, July 10, 2006
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(UNDATED) - Six dollars a second, that’s how much interest is being earned by the money invested in the Indiana Toll Road lease.
Indiana Treasurer Tim Berry gave the update on the state's more than 3-billion dollars take from the Indiana Toll Road lease deal.
Berry says the state's investment portfolio has doubled, following the transfer of the money from the Spanish-Australian consortium who will run the Indiana Toll Road for the next 75 years.
The state is also investing in low risk stock ventures, including CDs and corporate bonds.
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