BRADENTON, Fla. — The Gwinnett County Water and Sewerage Authority in Georgia today plans to competitively sell $271.8 million of rare gilt-edged water and sewer bonds that are enhanced by a double-barreled pledge of system revenues and the county’s full faith and credit.

The transaction is expected to be structured in two series: $247.8 million of Series 2009A tax-exempt new and refunding bonds and $24 million of Series 2009B bonds that may be sold as taxable recovery zone economic development revenue bonds eligible for a 45% federal subsidy.

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