Municipals Calendar: Massachusetts Water to sell $329 million

WEEK OF FEBRUARY 2

MASSACHUSETTS WATER RESOURCES AUTHORITY: $328.88 million series 2009 revenue and refunding bonds (//AA); negotiated; J.P. Morgan Securities Inc. and Citigroup Global Markets (lead); Barclays Capital Inc., Depfa First Albany Securities LLC, Goldman, Sachs & Co., Merrill Lynch & Co., Morgan Stanley & Co. Inc. and Raymond James & Associates Inc.; both bonds due 2010 to 2029 with term bonds due 2034 and 2039; proceeds for improvements to water infrastructure and refunding outstanding bonds; pricing week of Feb. 2.

• $98 million series 2009A general revenue bonds

• $230.88 million series 2009B general revenue refunding bonds

FEBRUARY 2

KING COUNTY (WASHINGTON): $51.325 million of limited tax general obligation refunding bonds (Aa1/AAA/AA+); competitive; Foster Pepper Pllc (financial adviser); maturities from 2009 to 2019; proceeds to refund the outstanding 1998 series A limited tax general obligation refunding bonds; pricing Feb. 2.

TEXAS TECH UNIVERSITY: $173.985 million revenue financing system refunding and improvement bonds (Aa3//AA); negotiated; RBC Capital Markets Corp. and J.P. Morgan Securities Inc. (lead); First Southwest Co. (financial adviser); bonds due 2009 to 2028; proceeds to acquire or improve school facilities and equipment.

FEBRUARY 3

PEORIA, ARIZ.: $68.44 million series 2009A general obligation bonds (Aa2/AA+/AA); competitive; TLHocking & Associates (financial adviser); bonds due 2009 to 2028; proceeds to improve streets, municipal court, storm drains, parks and recreation and other infrastructure; pricing Feb. 3.

FEBRUARY 4

FRANKLIN COUNTY, OHIO: $62.175 million series 2009 various purpose limited tax general obligation bonds (Aaa/AAA/); competitive; George K. Baum & Co. (financial adviser); bonds due 2009 to 2028; proceeds to construct, renovate and equip the county's government center and refund series 1993 bonds; pricing Feb. 4.

SCHOOL DISTRICT NO. 2 OF RICHLAND COUNTY (SOUTH CAROLINA): $70 million series 2009A general obligation bonds; competitive; bonds due 2013 to 2023; proceeds to construct, improve, renovate and equip school buildings and facilities; pricing Feb. 4.

WEEK OF FEBRUARY 10

FEBRUARY 11

SAN DIEGO REGIONAL BUILDING AUTHORITY: $142.5 million series 2009A lease revenue bonds (A1/AA+/AA); negotiated; Goldman, Sachs & Co., Citigroup Global Markets Inc. and Loop Capital Markets LLC (lead); proceeds to construct and equip county facilities and make a deposit to a debt service reserve fund; pricing Feb. 11.

TRIBOROUGH BRIDGE AND TUNNEL AUTHORITY (NEW YORK): $100 million series 2009A-1 general revenue mandatory tender bonds (Aa2/VMIG 1/AA-/A-1+/AA/F1+); negotiated; Barclays Capital Inc. and Loop Capital Markets LLC (lead); J.P. Morgan Securities Inc., Citigroup Global Markets Inc., Banc of America Securities LLC, Depfa First Albany Securities LLC, Merrill Lynch & Co., Morgan Stanley & Co., M.R. Beal & Co.,

Ramirez & Co. Inc., Raymond James & Associates Inc., RBC Capital Markets LLC, Roosevelt & Cross Inc., Siebert Brandford Shank & Co. and Wachovia Bank (co-managers); proceeds to finance authority's projects and refinance existing projects; pricing Feb. 11.

FEBRUARY

OMAHA PUBLIC POWER DISTRICT: $85 million series 2009A electric system revenue bonds; negotiated; Ameritas Investment Corp., Merrill Lynch & Co. and RBC Capital Markets Corp. (lead); Citigroup Global Markets Inc., D.A. Davidson & Co., Edward Jones & Co., Goldman, Sachs & Co., J.P. Morgan Securities Inc., Morgan Stanley & Co. Inc., Piper Jaffray & Co., Stifel Nicolaus and Wachovia Bank (co-managers); proceeds for capital

expenditures; pricing in February.

STATE OF GEORGIA: $613.85 million series 2009 general obligation bonds; negotiated; Merrill Lynch & Co. (lead); Citigroup Global Markets Inc., J.P. Morgan Securities Inc., Banc of America Securities LLC, Barclays Capital Inc., Jackson Securities Inc., Morgan Keegan & Co. Inc., Morgan Stanley & Co. Inc., RaymondJames & Associates Inc., SunTrust Robinson Humphrey and Wachovia Bank (co-managers); 2009A bonds due 2010 to 2014 and 2009B bonds due 2010 to 2029; proceeds to improve and develop lands, waterways, buildings, highways and state facilities; pricing in February.

• $61.795 million series 2009A

• $552.055 million series 2009B

DAY-TO-DAY

FLORIDA MUNICIPAL POWER AGENCY/STANTON II: $110 million series 2008 refunding revenue bonds; negotiated; Wachovia Bank, NA, serial maturities from 2009 through 2027; proceeds to refund $40.725 million from the series 2000 variable-rate bonds and $58.575 million from the series 2004 variable-rate bonds and to pay fees to terminate interest rate swap agreements; pricing on day-to-day basis.

PUBLIC GAS PARTNERS (GEORGIA): $165.86 million gas project revenue bonds for Gas Supply Pool No. 1 (A2/A/A); negotiated; J.P. Morgan Securities Inc. and Wachovia Bank (lead); 2008A bonds due 2011 to 2018 with term bond due 2022; 2008B bonds due 2022; proceeds to repay a line of credit used to acquire Gas Supply Pool No. 1; pricing day-to-day.

• $110.36 million series 2008A tax-exempt

• $55.5 million series 2008B taxable

PUBLIC GAS PARTNERS (GEORGIA): $60.11 million gas project revenue bonds for Gas Supply Pool No. 2 (A2/A+/A+); negotiated; J.P. Morgan Securities Inc. and Wachovia Bank (lead); 2008A bonds due 2011 to 2018 with term bond due 2022 and 2008B bonds due 2022; proceeds repay line of credit used to acquire Gas Supply Pool No. 2; pricing day-to-day.

• $39.905 million series 2008A tax-exempt

• $20.205 million series 2008B taxable

ON THE HORIZON

BOARD OF REGENTS OF THE UNIVERSITY OF HOUSTON SYSTEM: $114.07 million series 2009 consolidated revenue and refunding bonds (Aa3/AA-/); negotiated; RBC Capital Markets, Depfa First Albany Securities, Loop Capital Markets and Ramirez & Co. (underwriters); bonds due 2009 to 2033; proceeds for

acquisition, purchase, construction, improvement, enlargement and equipment of property, buildings, structures, activities, services, operations and other facilities, roads or infrastructure throughout the university system. The remainder will be used to defease certain outstanding notes.

BRONSON METHODIST HOSPITAL/KALAMAZOO HOSPITAL FINANCE AUTHORITY: $203.16 million series 2008 hospital revenue refunding bonds (A2); negotiated; Ziegler Capital Markets (lead); bonds due 2009 to 2018 with term bonds due 2028 and 2036; proceeds refund series 1998, 2005A, 2005B and 2006 bonds.

CLEVELAND MUNICIPAL SCHOOL DISTRICT (OHIO): $70 million general obligation bond anticipation notes (MIG1//); competitive; SBK-Brooks Investment Corp. and Fifth Third Securities (co-financial advisers); due Sept. 30, 2009; proceeds to provide new money to acquire sites and construct, renovate, furnish and equip school facilities.

GEORGETOWN UNIVERSITY: $63.85 million series 2008A variable-rate refunding bonds; negotiated; Goldman, Sachs & Co.; due 2029; proceeds to refund $63.85 million from the series 1999A auction-rate bonds.

GRAND VALLEY STATE UNIVERSITY (MICHIGAN): $50.95 million series 2009 general revenue bonds (/A+/); negotiated; NatCity Investments Inc. (lead); bonds due 2011 to 2019 with term bonds due 2024, 2029 and 2034; proceeds to construct student housing at the university's south campus and complete a student dining facility.

IRVINE UNIFIED SCHOOL DISTRICT (CALIFORNIA): $81.08 million series 2008 special tax bonds (A3/A/); negotiated; Banc of America Securities LLC and Piper Jaffray (lead); bonds due 2009 to 2020; proceeds to refund outstanding obligations and make deposit to debt service reserve fund.

KENOSHA UNIFIED SCHOOL DISTRICT NO. 1/KENOSHA COUNTY (WISCONSIN): $53.4 million tax and revenue anticipation promissory notes and bond anticipation notes (MIG1//); PMA Securities (financial adviser); proceeds to finance district operating and maintenance costs and school additions and renovations.

• $33.4 million tax and revenue anticipation promissory notes due Sept. 22, 2009

• $20 million series 2008 bond anticipation notes due 2010

KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY/BAPTIST HEALTHCARE SYSTEM: $217.47 million series 2009A hospital revenue bonds (Aa3//AA-);negotiated; Goldman, Sachs & Co. (lead); BB&T Capital Markets LLC and J.P. Morgan Securities Inc. (co-managers); proceeds to reimburse Baptist Healthcare for construction and equipment of new patient and surgery tower at Baptist Hospital East in St. Matthews, Ky., and for the construction of other improvements.

MASSACHUSETTS: $325 million series 2009B general obligation bond anticipation notes; negotiated; Goldman, Sachs & Co. (lead); Banc of America Securities LLC, Citigroup Global Markets, Morgan Stanley & Co. Inc., Merrill Lynch & Co., Edward D. Jones & Co., J.P. Morgan Securities Inc., Ramirez & Co., Siebert Brandford Shank & Co. and Stifel Nicolaus (co-managers); notes due Sept. 30, 2009; proceeds for current expenses.

MAYOR AND CITY COUNCIL OF BALTIMORE: $180.37 million general obligation consolidated public improvement refunding bonds (Aa2/AA-/); negotiated; Merrill Lynch & Co. (lead); proceeds to refund certain maturities from the series 2001A, 2001B, 2003A and 2003B consolidated public improvement bonds

and to terminate hedge agreements on the bonds.

• $171.445 million series 2008C tax-exempt bonds due 2009 to 2022

• $8.925 million series 2008D taxable bonds due 2012

MECKLENBURG COUNTY (NORTH CAROLINA): $90.7 million in series 2009A certificate of participation (Aa1/AA+/AA+); BB&T Capital Markets, Wachovia Securities; certificates due 2010 to 2029; proceeds to finance school improvements and government facilities.

METROPOLITAN WASHINGTON AIRPORTS AUTHORITY: $175 million series 2008B revenue bonds (Aa3/AA-/AA); negotiated; Siebert Brandford Shank & Co. (lead); proceeds to pay for capital project costs, capitalized interest on outstanding bonds, a deposit to the reserve account and the costs to terminate interest rate swap agreements with Wachovia Bank and the Bank of Montreal.

NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY/SETON HALL UNIVERSITY: $75 million revenue refunding bonds; negotiated; Citigroup Global Markets (lead); proceeds to refund the $50.025 million outstanding from the series 2005C revenue bonds and the $20.2 million outstanding in series 2006A revenue refunding bonds.

• $51 million series 2008D long-term interest rate bonds

• $24 million series 2008E revenue refunding bonds due 2009 to 2028 with terms due 2033 and 2037

NEW MEXICO: $500 million series 2008-2009 tax and revenue anticipation notes (MIG1/SP-1+/); competitive; Fiscal Strategies Group (financial adviser); bonds due June 30, 2009; proceeds to pay for capital expenses until taxes.

NEW YORK STATE HOUSING FINANCE AGENCY: $62.77 million series 2008 affordable housing revenue bonds; negotiated; J.P. Morgan Securities Inc. (lead for 2008D bonds); Goldman, Sachs & Co. (lead for 2008E bonds); Citigroup Global Markets Inc., Merrill Lynch & Co., Ramirez & Co. and Roosevelt & Cross (co-managers); 2008D bonds due 2010 to 2018 with term bonds due 2011, 2023, 2028 and 2041; 2008E bonds due 2009 to 2018 with term bonds due 2011, 2023, 2028, 2038 and 2045; proceeds to construct or acquire and renovate housing projects.

OSCEOLA COUNTY (FLORIDA): $50.07 million series 2008 sales tax revenue bonds (A2/A+/A+); negotiated; Fifth Third Securities and Citigroup Global Markets Inc. (lead); bonds due 2010 to 2018 with term bonds due 2023, 2028 and 2038; proceeds for construction, acquisition and installation of various properties and facilities throughout the county, as well as the funding of required reserves.

PANHANDLE-PLAINS HGHER EDUCATION AUTHORITY (TEXAS): $200 million series 2008A1 senior series trust I student loan revenue bonds; negotiated; Banc of America Securities LLC; serial maturities from 2011 through 2023; proceeds to refund outstanding auction-rate bonds and to purchase student loans.

PASCO COUNTY (FLORIDA): $185 million series 2008 water and sewer revenue bonds (Aa3/AA/AA-); negotiated; Morgan Keegan & Co. (lead); Banc of America Securities LLC, Citigroup Global Markets and J.P. Morgan Securities Inc. (co-managers); proceeds to finance county projects.

PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY/ALBERT EINSTEIN HEALTHCARE NETWORK: $88.54 million series 2008A revenue bonds (A3//A-); negotiated; Goldman, Sachs & Co.; serial maturities from 2009 through 2018; proceeds will be used to help refund Hospitals and Higher Education Facilities Authority of Philadelphia series 1998A revenue bonds.

PUERTO RICO MUNICIPAL FINANCE AGENCY: $240 million series 2008A bonds (Baa3/BBB-/); negotiated; MerrillLynch & Co., Ramirez & Co. and RBC Capital Markets (lead); Banc of America Securities LLC; Barclays Capital; BBVAPR MSD; Citigroup Global Markets Inc.; Depfa First Albany Securities; Eurobank MSD; Goldman, Sachs & Co.; J.P. Morgan Securities Inc.; Loop Capital Markets; Morgan Stanley & Co. Inc.; Oppenheimer & Co.; Oriental Financial Services; Popular Securities; Santander Securities; Scotia Capital; UBS Financial Services Inc. of Puerto Rico; and Wachovia Capital Markets (co-managers); bonds due 2009 to 2018 with term bonds due 2023, 2028 and 2033; proceeds to purchase Puerto Rico general obligation bonds and notes from municipalities and the Government Development Bank.

REGENTS OF THE UNIVERSITY OF CALIFORNIA: $2 billion commercial paper notes (P-1/A-1+/); negotiated; Banc of America Securities LLC, Goldman, Sachs & Co., J.P. Morgan Securities Inc. and Morgan Stanley & Co. (underwriters); includes tax-exempt series A and taxable series B notes; proceeds for capital improvements, equipment and working capital.

STATE OF TEXAS: $152.96 million series 2009-A general obligation water financial assistance bonds (Aa1/AA/AA+); negotiated; Morgan Stanley & Co. Inc. (lead); Citigroup Global Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities Inc., Loop Capital Markets LLC, Ramirez & Co., RBC Capital Markets Corp., Southwest Securities Inc. and Walton Johnson & Co. (co-managers); bonds due 2009 to 2029 with a term bond; proceeds to provide financial assistance to municipalities for water projects.

TRANSMISSION AGENCY OF NORTHERN CALIFORNIA: $424.475 million series 2008 California-Oregon Transmission Project revenue refunding bonds (/A+/A+); negotiated; J.P. Morgan Securities Inc. (lead); Citigroup Global Markets Inc.; Goldman, Sachs & Co.; Merrill Lynch & Co.; and Morgan Stanley & Co. Inc.; 2008A bonds due 2009 to 2020 with term bond due 2029; 2008B bonds due 2014 to 2020 with term bond due 2029; 2008C bonds

due 2019 to 2020 with term bond due 2029; 2008D bonds due 2009 to 2018; proceeds to retire agency's series 2002 and 2003 bonds and retire commercial paper notes.

• $104.485 million series 2008A

• $229.615 million series 2008B

• $32.05 million series 2008C

• $58.325 million series 2008D

UNIFIED GOVERNMENT OF WYANDOTTE COUNTY/KANSAS CITY BOARD OF PUBLIC UTILITIES (KANSAS): $57.31 million series 2009-A utility system improvement revenue bonds; negotiated; Goldman, Sachs & Co. (lead); George K. Baum & Co. and Oppenheimer & Co. (co-managers); bonds due 2010 to 2019 with term bonds due 2024, 2029 and 2034; proceeds fund improvements to county and city utility system.

WINTER PARK, FLA.: $57 million series 2008 water and sewer refunding and improvement revenue bonds (Aa3/AA-/A+); negotiated; Morgan Keegan & Co. and Gardnyr Michael Capital Inc. (lead); proceeds to refund and redeem all outstanding series 2004 bonds and pay for a swap termination.

WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/MINISTRY HEALTH CARE: $95 million series 2009A variable-rate revenue bonds (/AAA/A-1+/); negotiated; Merrill Lynch & Co. (lead); due Aug. 1, 2029; initially bear interest at unit pricing mode; proceeds to repay outstanding debt.

WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/THEDACARE: $127.57 million series 2008 revenue bonds (A1//AA-); negotiated; Merrill Lynch & Co.; serial maturities from 2009 through 2020 and terms due 2033 and 2037; proceeds to construct, renovate and equip health care facilities and to refund the outstanding $32 million from the series 1997B bonds and $6.5 million from the series 1999B bonds, which priced through the Community Development Authority of the City of Waupaca, Wis.

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