Virginia delays pricing $67.26 million bonds for Fluvanna County

By Cristal Cody

Tupelo, Miss., Sept. 25 - The Virginia Public School Authority put off pricing $67.26 million special obligation school financing bonds for Fluvanna County through a competitive sale on Thursday, the state director of debt management told Prospect News.

The state will reevaluate market reaction next week for the series 2008 bonds, but the earliest the bonds may price now is probably the week of Oct. 6, said Evelyn Whitley.

The bonds (A1/AA-/) have serial maturities from 2011 through 2035.

BB&T Capital Markets is the authority's financial adviser for the sale.

Davenport & Co. is the county's financial adviser.

Proceeds will be used for capital school improvement projects.

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