The Dormitory Authority of the State of New York plans a sale of $135 million revenue bonds under its school districts revenue bond financing program Wednesday, after a one-day retail period.

Four series of bonds will be offered on behalf of 11 upstate New York school districts, according to Portia Lee, DASNY’s managing director for public finance. DASNY’s board approved the bond issue in September. The bonds are secured by payments to be made by the participating school districts under financing agreements that are in turn secured by general obligation school district bonds that carry the full faith and credit of each participating district.

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