Florida to price $200 million State Board of Education lottery revenue bonds Tuesday

By Cristal Cody

Springdale, Ark., May 5 - Florida plans to price $200 million State Board of Education lottery revenue bonds in a competitive sale on Tuesday, according to a notice released Monday.

The series 2008A bonds have serial maturities from 2009 through 2027.

The sale amount originally was estimated at $315.4 million, but the plan to refund series 1998B revenue bonds and other debt has been eliminated, according to the updated notice of bond sale.

Florida sells bonds competitively on an 18-hour notice.

Proceeds will be used to construct and renovate educational facilities in school districts in the state.

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