RI taxpayers actually on the hook for $112.6M with 38 Studios | 360-Faces | Xbox News - Games - Reviews - Preview

RI taxpayers actually on the hook for $112.6M with 38 Studios

RI taxpayers actually on the hook for $112.6M with 38 Studios

Written by Gaming News Team
Mittwoch, 16 Mai 2012 23:45
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Because the EDC technically sold moral obligation bonds, the governor is required to ask the General Assembly to appropriate money to repay the bondholders if 38 Studios cant pay up but the lawmakers are not required to pony up the money. Its assumed they probably wouldnt default, however.
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TAGS: $112.6M, Actually, CALL, Default, Hook, Studios, taxpayers, Xbox

This entry was posted on Mittwoch, Mai 16th, 2012 at 23:45 and is filed under International News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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