Marin Community College, Calif., to sell $92 million G.O. bonds

By Sheri Kasprzak

New York, Oct. 26 - The Marin Community College District of California is set to price $91,995,000 of series 2012 general obligation bonds, according to a preliminary official statement.

The offering includes $46,995,000 of election of 2004 series D G.O. bonds and $45 million of series 2012 G.O. refunding bonds.

The bonds (Aa1/AA/) will be sold on a competitive basis with Public Financial Management Inc. as the financial adviser.

The maturities have not been set.

Proceeds will be used to finance the construction, acquisition, equipment and repair of school facilities, as well as to refund existing G.O. debt.

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