Florida plans to price $155 million property acquisition and bridge construction bonds

By Cristal Cody

Springdale, Ark., Feb. 22 - Florida plans to price $155 million right-of-way acquisition and bridge construction bonds.

The Department of Transportation full faith and credit series 2008A bonds will have serial maturities from July 1, 2008, through July 1, 2017, according to a preliminary official statement released this week.

Proceeds will finance the cost of acquiring property for rights-of way and for state bridge construction.

As previously announced, the state also plans to price $278 million series 2008A forever revenue bonds for the state Department of Environmental Protection, and $315.4 million series 2008A State Board of Education lottery revenue bonds.

Florida bond sales are on an 18-hour notice.

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