Dasny to sell $349.81 million personal income tax revenue bonds, BABs

By Sheri Kasprzak

New York, Oct. 2 - The Dormitory Authority of the State of New York plans to sell $349.805 million in series 2009 state personal income tax revenue bonds, according to a preliminary official statement.

The sale includes $99.805 million in series 2009G bonds and $250 million in series 2009H Build America Bonds.

The bonds will be sold on a negotiated basis. Goldman, Sachs & Co. is the senior manager for both tranches. The co-managers for the 2009G bonds include Citigroup Global Markets Inc., Merrill Lynch & Co. Inc. and M.R. Beal & Co. The co-managers for the 2009H bonds include Citi, Merrill Lynch, M.R. Beal, Morgan Keegan & Co. Inc., Rice Financial Products Co., Siebert Brandford Shank & Co. LLC and Wachovia Bank N.A.

The 2009G bonds are due 2010 to 2022. The 2009H bonds are due 2039.

Proceeds will be used to fund capital projects and improvements for the City University of New York's community and senior college campuses.

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