Montgomery County, Md., to price $250 million G.O. bonds

By Cristal Cody

Springdale, Ark., July 14 - Montgomery County, Md., intends to price $250 million general obligation bonds in a competitive sale on July 22, a source said Monday.

The series 2008A bonds (//AAA) have serial maturities from 2009 through 2028.

McKennon Shelton & Henn LLP is the county's bond counsel.

Proceeds will be used to redeem commercial paper to provide permanent financing for county capital projects, which include construction, renovations and equipment for libraries, new public schools and fire and police facilities.

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