Florida expects to price $279 million refunding bonds, also plans $315.4 million lottery revenue bonds

By Cristal Cody

Springdale, Ark., Feb. 13 - The Florida Department of Environmental Protection plans to price $278 million series 2008A Florida forever revenue bonds, a state bond representative said in an interview Wednesday.

The preliminary official statement may be released during the Feb. 18 week, said Carol Bagley, bond development specialist supervisor with the state's division of bond finance.

Florida also plans to price $315.4 million series 2008A State Board of Education lottery revenue bonds structured July 1, 2008 to 2027. Part of the proceeds will be used to finance the costs of constructing and renovating schools in the state and to refund a portion of series 1998B lottery revenue bonds.

Florida bond sales are on an 18-hour notice.

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