Florida defeases $44.77 million series 2001I board of education bonds

By Ashley Montgomery

Kansas City, Kan., Oct. 4 - The State of Florida defeased and will redeem a portion of its series 2001I full faith and credit state board of education public education capital outlay bonds, according to a notice.

The state plans to redeem the following bonds on June 1, 2013 at par plus accrued interest and a 1% redemption premium:

• $2,835,000 of bonds due June 1, 2014;

• $2.98 million of bonds due June 1, 2015;

• $3.13 million of bonds due June 1, 2016;

• $3,285,000 of bonds due June 1, 2017;

• $3.42 million of bonds due June 1, 2018;

• $30,000 of bonds due June 1, 2018;

• $3,335,000 of bonds due June 1, 2019;

• $60,000 of bonds due June 1, 2019;

• $225,000 of bonds due June 1, 2019;

• $10,000 of bonds due June 1, 2020;

• $3.72 million of bonds due June 1, 2020;

• $20,000 of bonds due June 1, 2020;

• $40,000 of bonds due June 1, 2020;

• $10,000 of bonds due June 1, 2020;

• $3.95 million of bonds due June 1, 2021;

• $25,000 of bonds due June 1, 2021;

• $4,135,000 of bonds due June 1, 2022;

• $4,325,000 of bonds due June 1, 2023;

• $4,515,000 of bonds due June 1, 2024; and

• $4.72 million of bonds due June 1, 2025.

Holders of non-affected bonds must also tender their bonds so that new certificates may be issued.

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