Erie County Fiscal Authority, N.Y., to sell $156.5 million sales tax and state aid secured bonds

By Cristal Cody

Tupelo, Miss., April 30 - The Erie County Fiscal Stability Authority of the State of New York plans to sell $156.5 million of sales tax and state aid secured bonds, according to a preliminary official statement.

The series 2010A senior bonds (Aa1//AA) have serial maturities from 2011 through 2017.

Roosevelt & Cross, Inc. is the senior manager of the negotiated sale. Co-managers are Goldman, Sachs & Co. and M&T Securities, Inc.

Proceeds will be used to refund in full the authority's bond anticipation notes that mature on May 19.

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