Palm Beach County, Fla., to price $180 million bonds Tuesday

By Sheri Kasprzak

New York, Aug. 14 - Palm Beach County, Fla., plans to price its previously announced $180 million in series 2008 public improvement revenue bonds on Tuesday, according to a calendar of upcoming sales.

The bonds (Aa1/AA+/AA+) will be sold on a negotiated basis with Merrill Lynch as the lead manager.

Proceeds will be used to acquire, renovate, construct, renovate and equip additional law enforcement facilities; to refinance debt; and to make a deposit to a debt service reserve fund.

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