Fairfax County Economic, Va., plans $55.96 million offering of bonds

By Sheri Kasprzak

New York, March 10 - The Fairfax County Economic Development Authority of Virginia plans to price $55,955,000 of series 2014 Commonwealth of Virginia lease revenue refunding bonds, according to a preliminary official statement.

The bonds (Aa1/AA+/AA+) will be sold on a competitive basis Wednesday with Public Resources Advisory Group as the financial adviser.

The bonds are due 2014 to 2022.

Proceeds will be used to refund, redeem and defease all of the authority's series 2006 lease revenue bonds.

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