Florida Department of Education to price $200 million bonds Tuesday

By Cristal Cody

Springdale, Ark., July 7 - The Florida Department of Education expects to price $200 million full faith and credit public education capital outlay bonds in a competitive sale on Tuesday, the state said Monday.

Florida prices bonds in competitive sales with an 18-hour notice.

The series 2006E bonds (Aa1/AAA/AA+) have preliminary serial maturities from 2009 through 2038.

The bonds were authorized by the state in 2006.

Squire, Sanders & Dempsey LLP is the state's bond counsel.

Proceeds will be used for capital projects.

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