Harris County Flood Control District, Texas, to sell $205 million contract tax refunding bonds

By Sheri Kasprzak

New York, Aug. 26 - The Harris County Flood Control District of Texas plans to bring to market $205 million in series 2010A contract tax refunding bonds, according to a preliminary official statement.

The bonds (/AAA/AAA) will be sold through Goldman Sachs & Co. and Piper Jaffray & Co. The co-managers include Estrada Hinojosa & Co. Inc.; J.P. Morgan Securities Inc.; Morgan Keegan & Co.; Rice Financial Products Co.; RBC Capital Markets Corp.; and Siebert Brandford Shank & Co. LLC.

The maturities have not been set.

Proceeds will be used to refund and defease all of the district's outstanding commercial paper notes.

Based in Houston, the district provides assistance for flood-prone regions of the county.

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