Forsyth County in North Carolina to price $119.54 million G.O. bonds

By Cristal Cody

Springdale, Ark., Aug. 19 - Forsyth County in North Carolina plans to price $119.54 million general obligation bonds through a competitive sale on Aug. 26, according to sale notices.

The $80 million series 2008 school bonds and $11.12 million series 2008 public improvement bonds have serial maturities from 2010 through 2027.

The $28.42 million series 2008 general obligation refunding bonds have serial maturities from 2009 through 2016.

DEC Associates is the county's financial adviser for the refunding bonds.

Proceeds from the refunding bonds will be used to refund the 2009 through 2014 serial maturities from the series 1998 general obligation school bonds and the 2009 through 2016 maturities from the series 1999 general obligation school bonds.

Additional information about the use of proceeds was not immediately available.

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