Dasny set to sell $50 million in school construction revenue bonds

By Sheri Kasprzak

New York, Oct. 1 - The Dormitory Authority of the State of New York plans to price $50 million in series 2009 state personal income tax qualified school construction revenue bonds, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with Goldman, Sachs & Co. as the senior manager.

The bonds are due Sept. 15, 2025.

Proceeds will be used to fund grants to local school districts throughout the state for costs associated with the Expanding our Children's Education and Learning (EXCEL) program.

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