Municipals Calendar: Missouri to sell $600 million state road fund 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 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./ 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

CITY OF TULSA (OKLAHOMA): $70 million series 2009B general obligation bonds (Aa2/AA/); competitive; serial maturities from 2011 through 2019; proceeds to finance street and bridge projects; pricing Sept. 17.

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

SOUTH CAROLINA TRANSPORTATION INFRASTRUCTURE BANK: $93.615 million series 2009A revenue refunding bonds (A1//A); competitive; Public Financial Management, Inc. (financial adviser); serial maturities from 2010 through 2014 and in 2016 and 2017; proceeds to refund a portion of the bank's outstanding series 1998A, series 1999A and series 2000A bonds; pricing Sept. 17.

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.

SEPTEMBER 23

CALIFORNIA: $8.8 billion series 2009/2010 A1 and A2 revenue anticipation notes; negotiated; J.P. Morgan Securities Inc. (senior); Citigroup Global Markets Inc.; De La Rosa & Co.; Alamo Capital; Backstrom McCarley Berry & Co. LLC; Barclays Capital Inc.; Blaylock Robert Van, LLC; BMO Capital Markets GKST Inc.; Calyon Securities (USA) Inc.; City National Securities, Inc.; Comerica Securities, Inc.; Edward D. Jones & Co., LP; Fidelity Capital Markets; Goldman, Sachs & Co.; Great Pacific Securities, Inc.; Grigsby & Associates, Inc.; Jackson Securities Inc.; Jefferies & Co., Inc.; Loop Capital Markets, LLC; Merrill Lynch & Co.; Morgan Keegan & Co., Inc.; Morgan Stanley & Co., Inc.; Nollenberger Capital Partners Inc.; Pershing LLC; Piper Jaffray & Co.; Ramirez & Co., Inc.; Raymond James & Associates Inc.; RBC Capital Markets Corp.; Siebert Brandford Shank & Co., LLC; SL Hare Capital, Inc.; Southwest Securities, Inc.; Stone & Youngberg; the Northern Trust Co.; Wachovia Bank, NA; Wedbush Securities Inc.; and Wells Fargo Institutional Securities, LLC (co-managers); due in 2010; proceeds for 2009/2010 fiscal year cash flow management; pricing Sept. 23.

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.

BROWN UNIVERSITY/RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORP.: $78 million series 2009A higher education facilities revenue bonds (Aa1/AA+/); negotiated; J.P. Morgan Securities Inc. (senior manager); Merrill Lynch & Co. (co-manager); due Sept. 1, 2039; proceeds to refund the series 2006 commercial paper notes that are due on or before Nov. 13, renovate campus buildings and residence halls and construct new buildings.

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.

GONZAGA UNIVERSITY/WASHINGTON HIGHER EDUCATION FACILITIES AUTHORITY: $53.615 million series 2009B refunding revenue bonds (A3); negotiated; Wells Fargo Securities Inc. (senior manager); Barclays Capital Inc. (co-manager); serial maturities from 2010 through 2024 and terms due 2029 and 2034; proceeds to refund series 2008A variable rate demand refunding revenue bonds and to finance a payment to terminate an interest rate swap.

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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