Florida set to price $586.6 million capital outlay bonds; redeem $147.13 million refunding bonds

By Cristal Cody

Springdale, Ark., Feb. 28 - Florida plans to price $586.6 million full faith and credit state Board of Education public education capital outlay bonds.

The first day the bonds may be sold is March 6, according to a notice announcing the sale. The state sells bonds competitively on 18 hours notice.

The state also plans to redeem $147.13 million Department of Transportation turnpike revenue refunding series 1997A bonds on March 14.

The redemption is only for maturities July 1, 2008 through July 1, 2021.

The Florida bond division also has previously announced plans to price $278 million series 2008A Florida forever revenue bonds from the state Department of Environmental Protection; and $315.4 million series 2008A State Board of Education lottery revenue bonds structured July 1, 2008, to July 1, 2027.

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