Ocean County, New Jersey, to sell $91.09 million improvement bonds

By Cristal Cody

Tupelo, Miss., July 16 - Ocean County, N.J., plans to sell $91.09 million of improvement bonds (Aaa//AAA), according to notices of sale released Friday.

The county intends to sell $31.09 million of series 2010 general improvement bonds; $43.83 million of series 2010 general obligation refunding bonds; $15 million of series 2010 general improvement bonds for Ocean County College; and $1.17 million of series 2010 college capital improvement bonds.

The bonds will price via a competitive sale on July 27.

Public Financial Management is the financial advisor.

Proceeds will be used to pay for college building costs and to advance refund a portion of the series 2001, series 2002 and series 2003 general improvement bonds.

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