Municipals Calendar: Utah to sell $729.545 million Build America Bonds

WEEK OF SEPTEMBER 14

DEVELOPMENT AUTHORITY OF DEKALB COUNTY (GEORGIA): $125.2 million series 2009 refunding revenue bonds (A2); negotiated; Merrill Lynch & Co. Inc. and Wells Fargo Securities Inc. (lead); proceeds to finance or refinance construction of Robert W. Woodruff Arts Center in Atlanta; pricing week of Sept. 14.

PENNSYLVANIA HOUSING FINANCE AGENCY: $191.905 million series 2009-105 single-family mortgage revenue bonds; negotiated; Merrill Lynch & Co. Inc. (lead); Janney Montgomery Scott LLC, Jefferies & Co., PNC Capital Markets LLC and Wells Fargo Securities Inc. (co-managers); 2009-105A bonds due April 1, 2010; 2009-105B bonds due 2010 to 2019; 2009-105C bonds due April 1, 2024; proceeds to make single-family mortgage loans; pricing week of Sept. 14.

• $1.04 million series 2009-105A non-AMT bonds

• $57.47 million series 2009-105B non-AMT bonds

• $133.395 million series 2009-105C non-AMT bonds

VIRGINIA HOUSING DEVELOPMENT AUTHORITY: $52.185 million series 2009E rental housing bonds (Aa1/AA+/); negotiated; Wells Fargo Securities Inc. (lead); BB&T Capital Markets Inc., Davenport & Co. LLC, Merrill Lynch & Co. Inc., Morgan Keegan & Co. Inc. and Raymond James & Associates Inc. (co-managers); proceeds to make rental housing loans.

SEPTEMBER 15

CHARLOTTE, N.C.: $144.39 million series 2009 certificates of participation (Aa2/AA+/AA); negotiated; Wachovia Bank (Aa2/AA+/AA); negotiated; Wachovia Bank (lead); COPs due 2012 to 2029 with term bonds due 2034 and 2039; proceeds to refund city's outstanding series 2007A commercial paper COPs; pricing Sept. 15.

CITY AND COUNTY OF HONOLULU (HAWAII): $276.985 million series 2009 wastewater system revenue bonds; negotiated; Merrill Lynch & Co. Inc. and Piper Jaffray & Co. (lead); 2009A first resolution bonds due 2010 to 2028; 2009B first resolution bonds due 2029 and 2035; 2009C bonds due 2039; 2009A second resolution bonds due 2010 to 2023; proceeds to fund improvements to wastewater system; pricing Sept. 15.

• $67.55 million series 2009A first bond resolution bonds

• $51.875 million series 2009B first bond resolution Build America Bonds

• $29.43 million series 2009C first bond resolution recovery zone economic development bonds

• $128.13 million series 2009A second bond resolution bonds

COLORADO SPRINGS, COLO.: $76.095 million series 2009 utilities system improvement revenue bonds (Aa2/AA/AA); negotiated; Goldman, Sachs & Co. (lead); proceeds to fund improvements to the city's utility system; pricing Sept. 15.

• $19.525 million series 2009B-1 tax-exempt bonds

•$56.57 million series 2009B-2 taxable Build America Bonds

GAINESVILLE, FLA./GAINESVILLE REGIONAL UTILITIES: $178.46 million series 2009 utilities system revenue bonds (Aa2/AA/); negotiated; J.P. Morgan Securities Inc. (lead); Goldman, Sachs & Co., Citigroup Global Markets Inc. and Barclays Capital Inc. (co-managers); 2009A bonds due 2010 to 2016; 2009B bonds due 2024, 2029 and 2039; 2009C bonds due 2016 to 2020; proceeds to acquire and improve the city's telecommunications system and refund city's series D commercial paper notes; pricing Sept. 15.

• $24.2 million series 2009A federally taxable bonds

• $133.595 million series 2009B Build America Bonds

• $20.665 million series 2009C tax-exempt bonds

HOSPITAL FACILITIES AUTHORITY OF MULTNOMAH COUNTY/ADVENTIST HEALTH SYSTEM WEST (OREGON): $68 million series 2009A revenue bonds (/A/A); negotiated; Goldman, Sachs & Co. (lead); bonds due Sept. 1, 2040; proceeds to lend to Adventist Health to repay a loan used to fund capital improvements at an Adventist Health affiliate in Portland; pricing Sept. 15.

KANSAS DEVELOPMENT FINANCE AUTHORITY/ADVENTIST HEALTH SYSTEM: $100 million series 2009D hospital revenue bonds (A1/AA/A+); negotiated; Ziegler Capital Markets Inc. (lead); proceeds to fund hospital improvements at Adventist facilities; pricing Sept. 15.

MADISON, WIS.: $106.27 million series 2009 general obligation refunding and promissory notes; negotiated; Springsted Inc. (lead); 2009A bonds due 2010 to 2015; 2009B bonds due 2014 to 2019; 2009C bonds due 2010 to 2019; proceeds fund capital improvements and refund existing debt; pricing Sept. 15.

• $44.135 million series 2009A general obligation refunding notes

• $53.925 million series 2009B taxable general obligation promissory notes (Build America Bonds)

• $8.21 million series 2009C taxable general obligation promissory notes

MASSACHUSETTS: $1.2 billion series 2009A-C general obligation revenue anticipation notes (MIG1/SP-1+/F1+); competitive; 2009A notes due April 29, 2010; 2009B notes due May 27, 2010; 2009C notes due June 24, 2010; proceeds to fund general capital expenditures ahead of revenue collection.

• $350 million series 2009A notes

• $425 million series 2009B notes

• $425 million series 2009C notes

SHELBY COUNTY (TENNESSEE): $120 million series 2009B-C general obligation public improvement bonds (Aa2/AA+/AA); competitive; Public Financial Management Inc. (financial adviser); 2009B bonds due 2011 to 2024; 2009C bonds due 2025 to 2034; proceeds to finance or refinance public works projects and refund series 2008A bonds; pricing Sept. 15.

• $60 million series 2009B

• $60 million series 2009C

SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY/PALMETTO HEALTH: $128.765 million series 2009 hospital refunding and improvement revenue bonds (/BBB+/); negotiated; Merrill Lynch & Co. Inc. (lead); proceeds to finance or refinance costs associated with purchasing land, acquiring equipment and constructing or repairing hospital facilities, as well as refunding existing debt; pricing Sept. 15.

UTAH: $729.545 million series 2009D taxable general obligation Build America Bonds (Aaa/AAA/); negotiated; Morgan Stanley & Co. Inc. (lead); bonds due 2018 and 2024; proceeds to fund highway improvements and improvements to higher educational facilities throughout the state; pricing Sept. 15.

WISCONSIN: $120.95 million series 2009B transportation revenue Build America Bonds; negotiated; Morgan Stanley & Co. Inc. (lead); proceeds to fund transportation improvements; pricing Sept. 15.

SEPTEMBER 16

BROWN UNIVERSITY (RHODE ISLAND): $120 million series 2009 revenue bonds (Aa1/AA+/); negotiated; J.P. Morgan Securities Inc. (lead); bonds due 2010 to 2039; proceeds fund improvements to the university; pricing Sept. 16.

CENTRAL PUGET SOUND REGIONAL TRANSIT AUTHORITY: $400 million series 2009 sales tax and motor vehicle excise tax bonds; negotiated; Citigroup Global Markets Inc. (bookrunner for 2009P-1 bonds); Citi and Goldman, Sachs & Co. (bookrunners for 2009P-2T Build America Bonds and series 2009S-2T Build America Bonds; Merrill Lynch & Co. Inc., RBC Capital Markets Corp. and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to pay for or reimburse the authority for constructing, planning, designing or extending improvements to the authority's high-capacity transportation facilities; pricing Sept. 16.

• $300 million series 2009P-1 bonds and 2009P-2T BABs

• $100 million series 2009S-2T BABs

DORMITORY AUTHORITY OF THE STATE OF NEW YORK: $555.465 million series 2009 State of New York consolidated service contract refunding revenue bonds (/AA-/A+); negotiated; Citigroup Global Markets Inc., Ramirez & Co. Inc. and Merrill Lynch & Co. Inc. (lead); Barclays Capital Inc., BB&T Capital Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities Inc., Janney Montgomery Scott LLC, Loop Capital Markets LLC, Prager, Sealy & Co. LLC and Stone & Youngberg (co-managers); proceeds to refund existing New York Housing Finance Agency debt; pricing Sept. 16.

FAYETTEVILLE, N.C.: $153.265 million series 2009-2 public works committee revenue bonds (Aa3/AA-/); negotiated; Wachovia Bank (lead); proceeds fund public works improvements; pricing Sept. 16.

FLORIDA HOUSING FINANCE CORP.: $100 million series 2009-2 homeowner mortgage revenue bonds (Aa1/AA+/AA+); negotiated; Citigroup Global Markets Inc. (lead); Morgan Stanley & Co. Inc., RBC Capital Markets Inc., George K. Baum & Co., J.P. Morgan Securities Inc., Merrill Lynch & Co. Inc. and Morgan Keegan & Co. Inc. (co-managers); bonds due 2011 to 2019 with term bonds due 2024, 2029, 2034, 2039 and 2041; proceeds to make mortgage loans; pricing Sept. 16.

ILLINOIS: $400 million series 2009A general obligation bonds; competitive; First Southwest Co. (financial adviser); bonds due 2010 to 2034; proceeds for capital improvements, transportation and highway purposes, anti-pollution programs and coal and energy development programs; pricing Sept. 16.

MISSOURI HIGHWAYS & TRANSPORTATION COMMISSION: $600 million series 2009 reimbursement state road fund bonds (Aa2/AA+/AA+); negotiated; Merrill Lynch & Co. Inc. (lead); proceeds to fund state's bridge improvement program; pricing Sept. 16.

• $341.575 million series 2009 federally taxable Build America Bonds

• $258.425 million series 2009 tax-exempt bonds

OHIO WATER DEVELOPMENT AUTHORITY: $225 million series 2009 water pollution control revenue refunding bonds; negotiated; Merrill Lynch & Co. Inc. (lead); proceeds to refund existing debt; ROP Sept. 15; pricing Sept. 16.

PORT AUTHORITY OF NEW YORK AND NEW JERSEY: $300 million 160th series consolidated bonds (Aa3//AA-); competitive; bonds due 2039; proceeds to fund capital projects; pricing Sept. 16.

RHODE ISLAND CLEAN WATER FINANCE AGENCY: $50 million series 2009A revenue bonds (Aaa/AAA/AAA); negotiated; J.P. Morgan Securities Inc. (lead); bonds due 2010 to 2029; proceeds to fund clean water initiatives; pricing Sept. 16.

SOUTHWEST HIGHER EDUCATION AUTHORITY INC./SOUTHERN METHODIST UNIVERSITY (TEXAS): $153.04 million series 2009 higher education revenue bonds (Aa3/AA-/); negotiated; Merrill Lynch & Co. Inc. (lead); Jackson Securities Inc., J.P. Morgan Securities Inc., Morgan Keegan & Co. Inc. and Wells Fargo Securities Inc. (co-managers); bonds due 2010 to 2029 with term bonds due 2033 and 2036; proceeds to refund series 1999D and 2006 bonds; pricing Sept. 16.

UTAH: $311.715 million series 2009C general obligation bonds (Aaa/AAA/); negotiated; Morgan Stanley & Co. Inc. (lead): bonds due 2010 to 2014; proceeds to fund highway improvements and improvements to higher educational facilities throughout the state; pricing Sept. 16.

WICHITA, KAN./VIA CHRISTI HEALTH SYSTEM INC.: $75 million series 2009 III-A hospital facilities refunding and improvement revenue bonds (/A+/A+); negotiated; Morgan Stanley & Co. Inc. and J.P. Morgan Securities Inc. (lead); proceeds to finance or refinance improvements to hospital facilities operated by the health system; pricing Sept. 16.

SEPTEMBER 17

ALABAMA INCENTIVES FINANCING AUTHORITY: $141.695 million series 2009 special obligation and special obligation refunding bonds (/AA+/); negotiated; Morgan Stanley & Co. Inc. (lead); The Frazer Lanier Co. and Joe Jolly & Co. Inc. (co-managers); 2009A bonds due 2011 to 2019 with term bonds due 2024 and 2029; 2009B bonds due 2014, 2019 and 2029; 2009C bonds due 2011 to 2019 with term bonds due 2024 and 2029; proceeds to fund noncommercial research projects at the University of Alabama at Birmingham, as well as to refund existing debt; pricing Sept. 17.

• $24.465 million series 2009A tax-exempt special obligation refunding bonds

• $99.43 million series 2009B taxable special obligation refunding bonds

• $17.8 million series 2009C tax-exempt Build America Bonds

CLARK COUNTY AIRPORT SYSTEM (NEVADA): $484 million series 2009 airport system revenue bonds; negotiated; Citigroup Global Markets Inc. (lead); 2009A bonds due 2040 and 2009B bonds due 2013 to 2026; proceeds to fund airport improvements; pricing Sept. 17.

• $300 million series 2009A Build America Bonds

• $184 million series 2009B subordinate lien revenue bonds

DALLAS AND FORT WORTH (TEXAS): $310 million series 2009A international airport joint revenue refunding bonds; negotiated; Siebert Brandford Shank & Co. LLC (lead); proceeds to refund existing debt used for airport system improvements; ROP Sept. 16; pricing Sept. 17.

METROPOLITAN ATLANTA RAPID TRANSIT AUTHORITY: $250 million series 2009 sales tax revenue bonds (Aa3/AAA/); negotiated; Merrill Lynch & Co. Inc. (lead); proceeds for transit system improvements; pricing Sept. 17.

MIAMI-DADE COUNTY (FLORIDA): $329.765 million series 2009 transit system sales surtax revenue bonds (A1/AA/A+); negotiated; Wells Fargo Securities Inc. (lead); Ramirez & Co. Inc., Rice Financial Products Co., Citigroup Global Markets Inc., Morgan Keegan & Co. Inc., M.R. Beal & Co. Inc., Estrada Hinojosa & Co. Inc., Jackson Securities Inc., J.P. Morgan Securities Inc., Loop Capital Markets LLC, Raymond James & Associates Inc. and Siebert Brandford Shank & Co. LLC (co-managers); 2009A bonds due 2010 to 2039 with term bonds; 2009B bonds due 2010 to 2039 with term bonds; proceeds to fund transportation improvements and public works projects; pricing Sept. 17.

• $77.855 million series 2009A tax-exempt bonds

• $251.91 million series 2009B Build America Bonds

NORTH CAROLINA EASTERN MUNICIPAL POWER AGENCY: $279.68 million series 2009 power system revenue and revenue refunding bonds (Baa1/A-/BBB+); negotiated; Citigroup Global Markets Inc. (lead); Barclays Capital Inc., Merrill Lynch & Co. Inc., Morgan Stanley & Co. Inc. and Wells Fargo Securities Inc. (co-managers); 2009B bonds due 2012 to 2026; 2009C bonds due 2010 to 2015; 2009D bonds due 2011 to 2026; proceeds to refund existing debt and fund the termination of a swap agreement; pricing Sept. 17.

• $235.175 million series 2009B refunding bonds

• $28.68 million series 2009C federally taxable revenue bonds

• $15.825 million series 2009D revenue bonds

WEEK OF SEPTEMBER 21

SEPTEMBER 22

SCHOOL DISTRICT OF MIAMI-DADE COUNTY (FLORIDA): $150 million series 2009 tax anticipation notes; competitive; De Lara Associates and Public Resources Advisory Group Inc. (financial adviser); notes due Jan. 5, 2010; proceeds to fund capital expenditures ahead of the collection of taxes; pricing Sept. 22.

OCTOBER

COMMUNITY HOSPITALS OF CENTRAL CALIFORNIA OBLIGATED GROUP: $200 million certificates of participation (Baa2/BBB-/); negotiated; Citigroup Global Markets Inc. (lead); proceeds to finance or reimburse obligated group for construction, expansion, improvement and equipment of hospital facilities; pricing in October.

ON THE HORIZON

BOARD OF TRUSTEES OF EASTERN ILLINOIS UNIVERSITY: $84.55 million series 2009A energy conservation projects certificates of participation (A2); negotiated; Edward D. Jones & Co. LP and Barclays Capital Inc. (lead); COPs due 2013 to 2024 with term bonds due 2029 and 2036; proceeds to construct a renewable power center to replace university's existing coal-fired heat and power facility, as well as replace and upgrade other energy facilities to make them more environmentally friendly.

CASCADE WATER ALLIANCE (WASHINGTON): $79.535 million series 2009 water system revenue bonds (Aa3/AA+/); negotiated; Barclays Capital Inc. (lead); bonds due 2010 to 2034; proceeds to implement alliance's watershed management plan.

LONG BEACH, CALIF.: $54 million series 2009-2010 tax and revenue anticipation notes (MIG1/SP-1+/F1+); negotiated; Merrill Lynch & Co. Inc. (lead); notes due Sept. 30, 2010; proceeds to fund general expenses ahead of the collection of taxes and revenues.

LOS ANGELES COUNTY METROPOLITAN TRANSPORTATIONAUTHORITY: $96.285 million series 2009E Proposition C sales tax revenue refunding second senior bonds (A1/AA+/); negotiated; De La Rosa & Co. (lead); Barclays Capital Inc. and Wedbush Securities Inc. (co-managers); bonds due 2010 to 2029; proceeds to refund series 199A bonds and its commercial paper notes.

NEW MEXICO FINANCE AUTHORITY: $53.59 million series 2009 senior-lien public project revolving fund revenue bonds; negotiated; Piper Jaffray & Co. (lead); Merrill Lynch & Co. Inc. and Morgan Stanley & Co. Inc. (co-managers); series 2009D-1 bonds due 2010 to 2030 with term bond and 2009D-2 bonds due 2010 to 2037 with a term bond; proceeds to originate loans to fund governmental unit projects.

• $8.67 million series 2009D-1 tax-exempt bonds

• $44.92 million series 2009D-2 taxable bonds

PUBLIC GAS PARTNERS INC. (GEORGIA): $110 million series 2009A gas project revenue bonds (/A+/A); negotiated; J.P. Morgan Securities Inc. and Wells Fargo Securities Inc. (lead); bonds due 2010 to 2019; proceeds to prepay a portion of PGP's gas supply agreement.

SEMITROPIC IMPROVEMENT DISTRICT OF SEMITROPIC WATER STORAGE DISTRICT (CALIFORNIA): $53 million series 2009A refunding revenue bonds (/AA-/); negotiated; Wells Fargo Institutional Securities LLC and Wachovia Bank NA; proceeds to refund outstanding series 2008 bonds.

TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORP./TARRANT COUNTY SENIOR LIVING FACILITY INC.: $164.885 million series 2009 retirement facility revenue bonds; negotiated; Ziegler Capital Inc. (lead); proceeds to construct a senior living complex with 181 apartments.

• $98.085 million series 2009A fixed-rate bonds

• $10 million series 2009B accelerated redemption reset option securities

• $31.2 million series 2009C-1 tax-exempt mandatory paydown securities

• $25.6 million series 2009C-2 tax-exempt mandatory paydown securities

TROY UNIVERSITY (ALABAMA): $62.905 million series 2009 facilities revenue bonds; negotiated; Wells Fargo Securities Inc. (lead); Morgan Keegan & Co. Inc., Raymond James & Associates Inc. and Merchant Capital LLC (co-managers); 2009A bonds due 2010 to 2024 with term bond due 2028; 2009B bonds due 2010 to 2019 with term bond due 2029; proceeds for improvements to university's campus over two to three years.

• $15.265 million series 2009A facilities revenue bonds

• $47.64 million series 2009B taxable facilities revenue Build America Bonds

UNIVERSITY SYSTEM OF NEW HAMPSHIRE/NEW HAMPSHIRE HEALTH AND EDUCATION FACILITIES AUTHORITY: $110 million series 2009A revenue bonds (A1/A+/); negotiated; Barclays Capital Inc. (lead); J.P. Morgan Securities Inc. and Morgan Stanley & Co. Inc. (co-managers); proceeds to finance university improvements and refinance the series 2006A and 2006B1 revenue bonds.

WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/SAINT JOHN'S COMMUNITIES: $83.275 million series 2009 revenue bonds; negotiated; Ziegler Capital Inc. (lead); proceeds to reimburse Saint John's Communities for construction, acquisition, equipment and improvement of its continuing care facilities.

• $46.715 million series 2009A bonds

• $4.215million series 2009B bonds

• $12.615 million series 2009C-1 bonds

• $19.73 million series 2009C-2 bonds

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