Los Angeles County treasurer and tax collector to bid on $318.575 million auction-rate revenue bonds

By Cristal Cody

Springdale, Ark., March 28 - The Los Angeles County treasurer and tax collector intends to submit bids on $318.575 million Los Angeles County Museum of Art auction-rate revenue bonds, according to a notice released Friday.

The office will bid beginning April 1 on the $50 million series 2004A and $68.575 million series 2004B bonds due 2034; and the $200 million series 2007A, B, C and D revenue bonds due 2037.

The bonds priced through the California Statewide Communities Development Authority.

The treasurer and tax collector's office intends to bid on the bonds at the designated rate, which would have been 4.11% if bids had been submitted Friday.

Citigroup Global Markets is the broker.

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