Washington Suburban Sanitary District, Md., to sell $240 million bonds

By Cristal Cody

Tupelo, Miss., Sept. 3 - The Washington Suburban Sanitary District in Maryland intends to price $240 million in consolidated public improvement bonds, according to a preliminary official statement dated Friday.

The deal includes $120 million in series 2010A tax-exempt bonds and $120 million in series 2010B Build America Bonds.

The series 2010A bonds have serial maturities from 2011 through 2020. The series 2010B bonds have serial maturities from 2021 through 2030.

The bonds will price via competitive sales on Sept. 14.

Public Advisory Consultants, Inc. is the financial adviser.

Proceeds will be used to fund construction of water supply facilities and water supply lines and sewer pipes and may be used to replace short-term bond anticipation notes.

The district is based in Laurel, Md.

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