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Published on 3/27/2013 in the Prospect News Municipals Daily.

Municipal Calendar: Sonoma County College to price $121.9 million

Week of March 25

MIDLOTHIAN INDEPENDENT SCHOOL DISTRICT (TEXAS): $56,357,637.05 series 2013A tax-exempt refunding bonds; negotiated; First Southwest Co. (lead); Raymond James/Morgan Keegan and Wells Fargo Securities LLC (co-managers); proceeds to refund the district's series 2005 and 2006 unlimited tax school building bonds; pricing week of March 25.

• $56,025,000 current interest bonds

• $332,637.05 capital appreciation bonds

SONOMA COUNTY JUNIOR COLLEGE DISTRICT (CALIFORNIA): $121.99 million series 2013 general obligation bonds (Aa2); negotiated; Piper Jaffray & Co. (lead); proceeds to advance refund portions of the district's election of 2002 series C general obligation bonds; pricing week of March 25.

WESTCHESTER COUNTY LOCAL DEVELOPMENT CORP./KENDAL ON HUDSON PROJECT (NEW YORK): $70.29 million series 2013 revenue refunding bonds (//BBB); negotiated; BB&T Capital Markets (lead); proceeds to refund corporation's series 2003 and 2007 revenue bonds; pricing week of March 25.

Week of April 1

April 1

ALBUQUERQUE (NEW MEXICO): $75.02 million series 2013 general obligation bonds (Aa1/AAA/AA+); competitive; RBC Capital Markets LLC (financial adviser); proceeds to finance capital improvements; pricing April 1.

• $70.02 million series 2013A G.O. general purpose bonds

• $4.98 million series 2013B G.O. sewer bonds

April 2

ILLINOIS: $800 million series of April 2013 general obligation bonds; competitive; Public Resources Advisory Group (financial adviser); proceeds to finance capital projects within the state; pricing April 2.

• $450 million series of April 2013A bonds due 2014 to 2038

• $350 million series of April 2013B bonds due 2014 to 2038

PLANO INDEPENDENT SCHOOL DISTRICT (TEXAS): $51,705,000 series 2013 unlimited tax school building bonds (Aaa/AAA/); competitive; First Southwest Co. (financial adviser); bonds due 2014 to 2038; proceeds to construct, equip, acquire and rehabilitate school buildings within the district; pricing April 2.

SANTA FE PUBLIC SCHOOL DISTRICT (NEW MEXICO): $50 million series 2013 general obligation bonds; competitive; RBC Capital Markets LLC (financial adviser); bonds due 2015 to 2025; proceeds to renovate and refurbish school buildings in the district; pricing April 2.

April 3

MONTGOMERY COUNTY (PENNSYLVANIA): $55 million series 2013 general obligation bonds (Aa1); competitive; Public Financial Management Inc. (financial adviser); bonds due 2014 to 2033; proceeds to finance the county's five-year capital plan, which will include improvements to county facilities; pricing April 3.

TACOMA (WASHINGTON): $68,325,000 series 2013 regional water supply system revenue refunding bonds (Aa2/AA/); competitive; A. Dashen & Associates (financial adviser); bonds due 2013 to 2032; proceeds to refund the city's series 2002 revenue bonds; pricing April 3.

VIRGINIA BEACH (VIRGINIA): $59,915,000 series 2013 general obligation public improvement bonds (Aaa/AAA/AAA); competitive; Public Resources Advisory Group (financial adviser); proceeds to make public improvements within the city, including improvements to Kellam High School, as well as to refund existing debt; pricing April 3.

• $25 million series 2013A G.O. public improvement bonds due 2014 to 2033

• $34,915,000 series 2013B G.O. public improvement refunding bonds due 2014 to 2015 and 2021 to 2026

On the Horizon

CHARLESTON EDUCATIONAL EXCELLENT FINANCING CORP. (SOUTH CAROLINA): $351.33 million series 2013B installment purchase revenue refunding bonds (Aa3/AA/); negotiated; Wells Fargo Securities LLC (lead); Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC (co-managers); bonds due 2018 to 2030; proceeds to acquire, construct and equip school facilities for the Charleston County School District, as well as to refund its series 2005 revenue bonds.

COOK COUNTY (ILLINOIS): $90 million county road and highway improvement sales tax revenue bonds (//AAA); negotiated; Wells Fargo Securities LLC (lead); proceeds to finance road, bridge and highway infrastructure projects as part of the county's 2012 -2014 highway transportation plan.

DISTRICT OF COLUMBIA/NATIONAL PUBLIC RADIO: $85.99 million series 2013 refunding revenue bonds (Aa3/AA-/); negotiated; Morgan Stanley & Co. LLC (lead); Loop Capital Markets LLC and J.P. Morgan Securities LLC (co-managers); proceeds to refund NPR's series 2010 revenue bonds.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/STATE UNIVERSITY OF NEW YORK: $271 million dormitory facilities revenue bonds; term to not exceed 21 years; proceeds to refund authority's series 2003A-B lease revenue bonds.

DOUGLAS COUNTY SCHOOL DISTRICT (GEORGIA): $116.91 million series 2013 general obligation refunding bonds (Aa2/AA+/); negotiated; Raymond James/Morgan Keegan (lead); bonds due 2018 to 2027; proceeds to refund existing G.O. debt.

FAIRFAX COUNTY (VIRGINIA): $101,455,000 series 2013B public improvement bonds (Aaa/AAA/AAA); negotiated; Morgan Stanley & Co. LLC (lead); bonds due 2014 to 2024; proceeds to finance school, transportation, public safety, parks and recreation and other improvement, as well as to refund the county's series 2004A-B, 2005A, 2007A and 2008A public improvement bonds.

HAMPTON ROADS SANITATION DISTRICT (VIRGINIA): $215.22 million series 2013 wastewater revenue and refunding bonds (Aa2/AAA/AA+); negotiated; Raymond James/Morgan Keegan (lead); bonds due 2013 and 2019 to 2033 with term bond due in 2038; proceeds to finance capital wastewater projects and refund existing revenue bonds.

HOWARD HUGHES MEDICAL INSTITUTE (MARYLAND): $1.65 billion series 2013A taxable fixed-rate bonds (Aaa/AAA/); negotiated; J.P. Morgan Securities LLC, Goldman, Sachs & Co., Morgan Stanley & Co. LLC and BofA Merrill Lynch (lead); bonds due March 1, 2023; proceeds to fund an account established by the institute to create a reserve for its program spending.

MEDFORD HOSPITAL FACILITIES AUTHORITY/ROGUE VALLEY MANOR: $60.2 million series 2013A revenue refunding bonds (/BBB+/A-); negotiated; Cain Brothers (lead); proceeds to current refund authority's series 2007 variable-rate demand revenue bonds.

METROPOLITAN WATER DISTRICT OF SOUTHERN CALIFORNIA: $145.49 million series 2013 water revenue refunding bonds (Aa1/AAA/AA+); negotiated; Goldman, Sachs & Co. (lead for 2013A, 2013C); De La Rosa & Co. Inc., J.P. Morgan Securities LLC, Loop Capital Markets LLC and US Bancorp Inc. (co-managers for 2013A, 2013C); J.P. Morgan Securities LLC and Loop Capital Markets LLC (lead for 2013B); proceeds to refund existing water revenue bonds.

• $90.46 million series 2013A bonds due 2013 and 2018 to 2021

• $18.7 million series 2013B taxable bonds due 2018

• $13,505,000 series 2013C-1 bonds due 2027

• $14.02 million series 2013C-2 bonds due 2025

• $8,805,000 series 2013C-3 bonds due 2023

MINNESOTA HOUSING FINANCE AGENCY: $86.51 million series 2013B taxable homeownership finance bonds; negotiated; RBC Capital Markets LLC, Morgan Stanley & Co. LLC and Piper Jaffray & Co. (lead); bonds due Sept. 1, 2041; proceeds to redeem refunded bonds.

MISSOURI HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/COXHEALTH: $203.93 million series 2013A health facilities revenue bonds (A2//A); negotiated; BofA Merrill Lynch and Oppenheimer & Co. (lead); proceeds to reimburse CoxHealth for the acquisition of certain Cox Branson facilities, as well as to current refund the authority's series 1998 and 2005 revenue bonds.

NEVADA SYSTEM OF HIGHER EDUCATION: $148,045,000 series 2013 university revenue bonds (Aa2/AA-/); competitive; JNA Consulting Group LLC (financial adviser); proceeds to finance capital improvements within the system, as well as to refund its series 2003A-B, 2004A, 2005A-B and 2006 bonds.

• $39,995,000 series 2013A bonds due 2014 to 2033

• $100.22 million series 2013B bonds due 2014 to 2035

• $7.83 million series 2013C taxable bonds due 2014 to 2020

NORTHWEST INDEPENDENT SCHOOL DISTRICT (TEXAS): $54,474,961.90 series 2013 unlimited tax taxable refunding bonds; negotiated; RBC Capital Markets LLC (lead); Raymond James/Morgan Keegan and Southwest Securities Inc. (co-managers); proceeds to refund a portion of the district's series 2005 bonds.

• $274,961.90 capital appreciation bonds due 2013 and 2017 to 2018

• $54.2 million current interest bonds due 2014 to 2016 and 2019 to 2032

OKLAHOMA STUDENT LOAN AUTHORITY: $211.82 million series 2013-1 taxable Libor-indexed floating-rate bonds (/AA+(sf)/AAAsf); negotiated; RBC Capital Markets LLC (lead); bonds due Feb. 25, 2032; proceeds to current refund the authority's series 2004A-3 bonds and to purchase in lieu of redemption its series 2001A-2 bonds.

OREGON: $203,835,000 series 2013 Department of Administrative Services lottery revenue bonds (Aa2/AAA/); negotiated; Citigroup Global Markets Inc. and Goldman, Sachs & Co. (lead); BofA Merrill Lynch, Fidelity Capital Markets LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Piper Jaffray & Co. (co-managers); proceeds to refund the state's series 2001B, 2002B, 2003A-B, 2004A, 2005B-C, 2006A, 2007A and 2007C bonds.

• $122.49 million series 2013A tax-exempt bonds due 2020 to 2033

• $28,355,000 series 2013B taxable bonds due 2014 to 2020

• $52.99 million series 2013C taxable refunding bonds due 2014 to 2023 with term bond due in 2028

ROCKWALL INDEPENDENT SCHOOL DISTRICT (TEXAS): $72,834,986.40 series 2013 unlimited tax refunding bonds; negotiated; Raymond James/Morgan Keegan (lead); BOSC Inc. and Southwest Securities Inc. (co-managers); proceeds to refund a portion of the district's series 2006 variable-rate demand bonds and its series 2007 unlimited tax school bonds.

• $2,369,986.40 capital appreciation bonds due 2013 to 2014

• $70,465,000 current interest bonds due 2015 to 2037

SAN DIEGO UNIFIED SCHOOL DISTRICT (CALIFORNIA): $113 million series 2013 general obligation bonds (Aa3/AA-/); negotiated; Loop Capital Markets LLC (lead); Citigroup Global Markets Inc., Goldman, Sachs & Co. and J.P. Morgan Securities LLC (co-managers); proceeds to repair and rehabilitate outdated classrooms, libraries and other school facilities and acquire real property.

• $52.5 million series 2013A election of 2012 dedicated ad valorem tax G.O. bonds due July 1, 2014

• $60.5 million series 2013B election of 2012 dedicated ad valorem tax G.O. bonds due July 1, 2015

WISCONSIN PUBLIC POWER INC.: $182.46 million series 2013A power supply revenue bonds (A1/A/A+); negotiated; Barclays (lead); BMO Capital Markets and J.P. Morgan Securities LLC (co-managers); bonds due 2015 to 2033 with term bond due in 2037; proceeds to refund the corporation's series 2003A and 2005A power supply revenue bonds.


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