Georgia plans to price $522.49 million G.O. bonds

By Cristal Cody

Springdale, Ark., June 5 - Georgia intends to price $522.49 million general obligation bonds in a competitive sale on June 12, according to a preliminary official statement.

The bonds will price through the Georgia State Financing and Investment Commission.

The $53.675 million series 2008A1 bonds mature in 2013. The $2.93 million series 2008A2 bonds mature in 2018.

The $465.885 million series 2008B bonds have serial maturities from 2009 through 2028.

Public Resources Advisory Group is the state's financial adviser.

Proceeds will be used for capital projects, including for the departments of agriculture, corrections, natural resources and juvenile justice.

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