Tarrant County Cultural Education, Texas, tenders for 2008F bonds

By Susanna Moon

Chicago, Dec. 18 - Tarrant County Cultural Education Facilities Finance Corp. in Texas said its Texas Health Resources System series 2008F revenue bonds are subject to a mandatory tender on Jan. 4.

The purchase price is par plus accrued interest.

Tarrant County said the bonds are callable on the date of a liquidity facility termination, which will occur when the issuer's standby bond purchase agreement dated Oct. 1, 2008 will be replaced with a liquidity agreement with Bank of America, NA dated Jan. 4 and expiring on Dec. 30, 2012.

The Bank of New York Mellon Trust Co., NA (800 254-2826 or visit bondholders.bankofny.com) is the tender agent.

Tarrant County will not redeem the bonds if the trustee does not receive the executed substitute liquidity facility.

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