New York State Urban Development coordinates $758.34 million bond deal

By Sheri Kasprzak

New York, Sept. 9 - The New York State Urban Development Corp. is scheduled to price $758,335,000 of series 2013C state personal income tax revenue bonds on Tuesday, according to a notice of sale.

The bonds will be sold competitively with Public Resources Advisory Group as the financial adviser.

The bonds are due 2015 to 2033.

Proceeds will be used to reimburse the state for the costs of a multiyear highway and bridge capital program, make grants to reimburse municipalities and other project sponsors throughout the state for qualifying capital expenditures for highway, bridge and multimodal projects, as well as to fund other transportation projects.

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