Washington State plans $765.12 million sale of G.O. bonds for July 14

By Sheri Kasprzak

New York, July 6 - The state of Washington plans to sell $765.115 million in series 2010 general obligation bonds on July 14, according to a preliminary official statement.

The sale includes $298.8 million in series 2010A various purpose general obligation bonds, $401.41 million in series 2010B motor vehicle fuel tax G.O.s and $64.905 million in series 2010T taxable G.O. bonds.

The bonds will be sold competitively with Seattle-Northwest Securities Corp. and Montague DeRose & Associates LLC as the financial advisers.

The 2010A bonds are due 2017 to 2034 and the 2010B bonds are due 2010 to 2034. The 2010T bonds are due 2010 to 2016.

Proceeds will be used to pay or reimburse the state for various capital expenditures, state buildings and higher education facilities. The proceeds will also be used for farmland preservation, multimodal transportation projects, water supply development projects and riparian conservation.

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