Nassau County, N.Y., plans to price $150 million in TANs on Dec. 3

By Cristal Cody

Tupelo, Miss., Nov. 25 - Nassau County in New York intends to sell $150 million in tax anticipation notes, according to a preliminary official statement.

The notes (MIG1/SP-1+/F1+) are expected to price through a competitive sale on Dec. 3, according to the notice of sale.

The sale includes $90 million in series 2009A notes due Sept. 15, 2010 and $60 million in series 2009B notes due Oct. 15, 2010.

Public Financial Management, Inc. is the county's financial advisor.

The proceeds will be used to meet a cash flow deficit.

The Nassau county seat is located in Mineola, N.Y.

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