W.Va. School Building Authority to sell $100 million revenue bonds

By Cristal Cody

Springdale, Ark., July 31 - The School Building Authority of West Virginia expects to price $100 million excess lottery revenue bonds on Aug. 7, a source said Thursday.

The series 2008 bonds also will be sold through retail orders on Aug. 6.

Merrill Lynch & Co. is the senior manager of the negotiated sale, and Raymond James & Associates is a co-manager.

Proceeds will finance school construction and renovations.

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