Development Authority of Gwinnett County, Ga., to sell $54.58 million refunding bonds Tuesday

By Sheri Kasprzak

New York, Nov. 4 - The Development Authority of Gwinnett County, Ga., is scheduled to sell $54.575 million of series 2010 revenue refunding bonds on Tuesday, according to a preliminary official statement.

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

The bonds are due 2011 to 2031.

Proceeds will be used to refund the authority's series 2001 variable-rate revenue bonds.

The authority, based in Lawrenceville, Ga., provides funding to improve, construct and upgrade industrial facilities, water pollution control projects, sports and recreation facilities and other development projects throughout the county.

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