Anne Arundel County, Md., to price $87.2 million G.O. bonds April 3

By Sheri Kasprzak

New York, March 19 - Anne Arundel County in Maryland intends to price $87.2 million in series 2008 general obligation bonds on April 3, according to a preliminary official statement.

The offering includes $55.2 million in consolidated general improvements bonds and $32 million in consolidated water and sewer bonds.

The bonds will be sold on a competitive basis.

The consolidated general improvement bonds are due from 2009 to 2028, and the consolidated water and sewer bonds are due from 2009 to 2036.

Proceeds from the sale will be used to refund the county's series A bond anticipation notes and series B water and sewer bonds. The rest of the proceeds will be used for county capital projects like fire, police, sewer drains, roads and bridges, community colleges and recreation. The proceeds will also be used for water and wastewater projects.

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