Prince George's County, Md., to sell $63.3 million BABs, PIBs Tuesday

By Sheri Kasprzak

New York, Sept. 28 - Prince George's County in Maryland is set to sell $63.3million in series 2009 general obligation consolidated public improvement bonds on Tuesday, according to a preliminary official statement.

The sale includes $26.45 million in series 2009A tax-exempt bonds and $36.85 million in series 2009B Build America Bonds.

The bonds (//AA+) will be sold on a competitive basis with Public Advisory Consultants as the financial adviser.

The series 2009A bonds are due 2010 to 2019 and the 2009B bonds are due 2020 to 2029.

Proceeds will be used to fund the construction, improvement, equipment, acquisition, extension, enlargement and demolition of certain capital projects, including public buildings, communications system, roads and bridges, solid waste facilities, environmental resources, libraries, fire stations and correctional facilities.

The county seat of Prince George's County is Upper Marlboro, Md.

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