Erie County IDA to Sell $315 Million for Buffalo, N.Y., Schools

McDonald, Michael
November 2004
Bond Buyer;11/30/2004, Vol. 350 Issue 32019, p4
Trade Publication
The article reports on sell of bonds by public schools in Erie County, New York. The Erie County, Industrial Development Agency is expected to sell about $315 million of 20-year bonds on Thursday in the second such deal for the Buffalo Public Schools. Financial Security Assurance is insuring the deal. The city is selling the tax-exempt bonds to finance the reconstruction of 13 schools, upgrade technology systems in the school district, and implement energy conservation initiatives. In all, Buffalo, New York, expects to sell about $1 billion of bonds over 10 years for the school district, and the state has passed legislation to permit it to do the financing outside of the city's regular capital spending plan.


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