Colorado arranges $500 million sale of general fund short-term notes

By Sheri Kasprzak

New York, July 8 – The State of Colorado is scheduled to price $500 million of series 2014A general fund tax and revenue anticipation notes on July 15, according to a preliminary official statement.

The notes (MIG 1/SP-1+/) will be sold competitively with George K. Baum & Co. as the financial adviser.

The notes are due June 26, 2015.

Proceeds will be used to finance anticipated general fund cash shortfalls for the 2014-2015 fiscal year.

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