Elk Grove Unified School District, Calif., preps $50 million sale of TRANs for Thursday

By Sheri Kasprzak

New York, March 4 - The Elk Grove Unified School District of California is expected to price $50 million of series 2012-13 tax and revenue anticipation notes on Thursday, according to a preliminary official statement.

The notes (/SP-1+/) will be sold competitively with Government Financial Strategies Inc. as the financial adviser.

The notes are due Oct. 1, 2013.

Proceeds will be used to finance capital expenditures for the district ahead of the collection of certain taxes and revenues.

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