Florida Board of Education to sell $200 million lottery bonds Thursday

By Cristal Cody

Springdale, Ark., Aug. 20 - The Florida Board of Education intends to price $200 million lottery revenue bonds on Thursday, according to a sale notice.

The series 2008B bonds (A2/AAA/A) have serial maturities from 2009 through 2028, with options for term bonds beginning in 2019.

Florida sells bonds competitively with an 18-hour notice.

Proceeds will be used to fund the costs of constructing, acquiring or renovating educational facilities in various school districts.

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