Dasny plans to price $684.28 million of revenue bonds Thursday

By Sheri Kasprzak

New York, May 27 - The Dormitory Authority of the State of New York plans to price $684.275 million of series 2011 general purpose state personal income tax revenue bonds on Thursday, according to a preliminary official statement.

The offering includes $653.85 million of series 2011A tax-exempt bonds and $30.425 million of series 2011B taxable bonds.

The maturity dates have not been set.

The bonds (/AAA/AAA) will be sold competitively with Public Financial Management, Inc. as the financial adviser.

Proceeds will be used to finance some state matching grants under the HECap program, grants under the HEAL NY grant program, capital projects at the City University of New York senior college facilities and community college facilities, grants under the Excel program, contributions to the costs of the remediation of hazardous waste sites, various environmental infrastructure projects and water pollution control projects.

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