Fort Smith, Ark., to price $120.31 million refunding and revenue bonds week of June 30

By Cristal Cody

Springdale, Ark., June 23 - Fort Smith, Ark., expects to price $120.305 million water and sewer refunding and construction revenue bonds the week of June 30, a source said Monday.

The series 2008 bonds (/A/) have serial maturities from 2009 through 2023 and terms in 2028 and 2032.

The bonds are insured by Financial Security Assurance.

Stephens Inc. is the senior manager of the negotiated sale, and Morgan Keegan is the co-manager.

Proceeds will be used to refund the city's series 2002A bonds and fund system improvements to the Mountainburg water treatment plant, neighborhood water lines and the Howard Hill elevated water storage tank.

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