JobsOhio swallows state liquor business

February 2, 2013 at 12:00a.m.

Associated Press

COLUMBUS

The sale of $1.5 billion in bonds to fund Ohio’s private job-creation entity is under way, and the transfer of the state’s liquor business to JobsOhio is complete.

JobsOhio bonds, backed by state liquor proceeds, went on sale this week in two offerings.

An official circular posted on the Municipal Securities Rulemaking Board’s website Friday says more than $1.1 billion are taxable revenue bonds while the other $400 million are tax-exempt. Also Friday, the state and Jobs Ohio completed transfer of the liquor business.