...Sale Date: July 11 by competitive sale. Series: $1,733,120,000 state sales tax revenue bonds, series 2018C (tax-exempt); $73,195,000 state sales tax revenue bonds, series 2018D (federally taxable). Purpose: To finance or reimburse costs of certain authorized programs and projects in the state, and refunding previously-issued debt. Security: DASNY state sales tax revenue bonds are secured by financing agreement payments to be made by the State of New York, subject to legislative appropriation. Payments are derived from the yield of one cent of the four-cent statewide sales tax, net of refunds, rising to two cents after Local Government Assistance Corporation (LGAC) bonds are fully retired, expected in 2025....
