New Jersey Developments Authority Approves $650 Million School Sale

O'Brien, Elizabeth
February 2005
Bond Buyer;2/25/2005, Vol. 351 Issue 32078, p3
Trade Publication
This article reports that the board of the New Jersey Economic Development Authority (EDA) has approved the sale of up to $650 million of school facilities construction bonds. The bonds will be sold in two batches, $150 million of 2005 Series L bonds and $500 million of 2005 Series M bonds. Underwriter Morgan Stanley will price both series of the debt. Glenn J. Phillips, EDA spokesman, stated that the bond proceeds will be distributed to school districts throughout the state. However, it is informed that State officials have no yet determined the date of sale or whether the two batches will be sold simultaneously.


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