BRADENTON, Fla. - The Georgia State Road and Tollway Authority today begins a two-day pricing of $600 million of federal highway grant anticipation and reimbursement revenue vehicle bonds.

The Garvee deal will be sold as $480 million of grant anticipation revenue bonds and $120 million of reimbursement revenue bonds, Series 2009-A. The bonds will be paid from federal highway trust funds received as reimbursements for state expenditures on federally approved highway projects or as grants paying for debt service on bonds issued to finance specific projects.

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