Nassau County, N.Y., intends to price $95.34 million G.O. general improvement bonds June 24

By Sheri Kasprzak

New York, June 10 - Nassau County of New York is expected to bring to market $95.34 million in series 2010 general obligation bonds on June 24, according to a preliminary official statement.

The offering includes $7.675 million in series 2010A general improvement bonds and $87.665 million in series 2010B Build America Bonds.

The 2010A bonds are due 2012 to 2015, and the 2010B bonds are due 2016 to 2037.

The bonds (Aa3/A+/AA-) will be sold on a competitive basis with Public Financial Management Inc. as the financial adviser.

Proceeds will be used to finance payments to county workers separated from employment, capital projects to settle lawsuits and to fund judgments.

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