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Published on 8/8/2013 in the Prospect News Municipals Daily.

Erie County Fiscal Stability, N.Y., to sell $167 million notes, bonds

By Sheri Kasprzak

New York, Aug. 8 - The Erie County Fiscal Stability Authority of New York plans to price $167,005,000 of series 2013 bond anticipation notes and sales tax and state aid secured bonds, said a preliminary official statement.

The offering includes $129,305,000 of series 2013A BANs and $37.7 million of series 2013C sales tax and state aid secured bonds.

The bonds (Aa1//AA+) and notes (MIG1//F1+) will be sold on a negotiated basis with Roosevelt & Cross Inc. and Ramirez & Co. Inc.

The notes are due July 31, 2014. The bonds are due 2014 to 2023.

Proceeds will be used to finance capital outlay expenses.


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