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Tennessee Bond Sale

By Drew Adams

Murray, KY – The state of Tennessee plans to sell an estimated $584 million worth of bonds this week, the largest sale in the state's history. The sale will use some of the proceeds to pay for new capital projects and infrastructure.. These projects are expected to create 4,650 new permanent jobs, plus thousands more construction related jobs. The proceeds will also finance improvements to various state-owned buildings, including a new research building for the University of Tennessee-Knoxville campus, a new library for the University of Tennessee-Chattanooga campus, a prison in Bledsoe County and a new driver license center in Memphis.