CHICAGO -- Gov. Tommy Thompson of Wisconsin on Friday signed into law a bill that increases the state's bond refunding authority by $450 million, to $ 1.3 billion.

Frank Hoadley, the state's capital finance director, said Wisconsin has not set a timetable for refunding the $450 million of general obligation debt, which could save the state $13.5 million.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.