Erie County Fiscal Stability, N.Y., plans $57.71 million bond sale

By Sheri Kasprzak

New York, March 14 - The Erie County Fiscal Stability Authority of New York plans to price $57,705,000 of series 2013 sales tax and state aid secured bonds, according to a preliminary official statement.

The sale includes $25,355,000 of series 2013A bonds and $32.35 million of series 2013B bonds.

The bonds (Aa1//AA+) will be sold on a negotiated basis with Roosevelt & Cross Inc. and Ramirez & Co. Inc. as the senior managers.

The 2013A bonds are due 2015 to 2024, and the 2013B bonds are due 2013 to 2024.

Proceeds will be used to finance approved county capital outlays and to refund the authority's 2003B, 2004A, 2004C and 2005A bonds.

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