Municipals Calendar: Texas Transportation to sell $1.1 billion

JANUARY 14 WEEK

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/MONTEFIORE MEDICAL CENTER: $165 million mortgage hospital revenue bonds; negotiated; Merrill Lynch & Co. (lead), Banc of America Securities LLC, Goldman, Sachs & Co., JPMorgan, Piper Jaffray & Co., Ramirez & Co., Inc. and Roosevelt & Cross, Inc. (co-managers); serial maturities from August 2008 through August 2032; proceeds to refund outstanding $140.58 million in series 1995A bonds; pricing date not set.

JANUARY 21 WEEK

January 23

CLARK COUNTY, NEVADA: $100 million sales and excise tax (streets and highway projects) commercial paper notes series 2008 A (P-1); negotiated; Citigroup Global Markets, Inc. (lead); funding for street and highway improvements; pricing Jan. 23.

CLARK COUNTY, NEVADA: $100 million sales and excise tax (streets and highway projects) commercial paper notes series 2008B; negotiated; UBS Securities LLC (lead); funding for street and highway improvements; pricing Jan. 23.

MECKLENBURG COUNTY, North Carolina: $160.5 million; set to price in two tranches: 2008A and 2008B; proceeds for park development, land acquisitions and law enforcement; pricing expected on Jan. 23;

• $12 million in 2008A bonds due 2009 through 2028

• $148.5 million in 2008B bonds due 2009 through 2028

TEXAS TRANSPORTATION COMMISSION: $1.1 billion general obligation mobility fund bonds (Aa1); UBS Investment Bank (lead); negotiated; serial maturities from 2009 through 2033, $351.795 million term bond due 2037; proceeds for transportation projects, including expansion and construction of state highways; pricing Jan. 23.

WASHINGTON DRAMA SOCIETY: $120 million variable-rate demand revenue bonds (Aaa); negotiated; Shattuck Hammond Partners (lead); pricing set for Jan. 23.

JANUARY 28 WEEK

January 28

MARYLAND DEPARTMENT OF TRANSPORTATION: $250 million bonds; competitive issue; pricing expected Jan. 28.

January 31

NEW YORK STATE POWER AUTHORITY: $775 million commercial paper notes, series 1, 2 and 3 (P-1); pricing Jan. 31.

FEBRUARY 11 WEEK

February 15

LAMAR CONSOLIDATED INDEPENDENT SCHOOL DISTRICT, FORT BEND COUNTY, TEXAS: $141.12 million unlimited tax schoolhouse and refunding bonds, series 2008; negotiated; UBS Investment Bank (lead); $138.66 million current bonds with serial maturities from 2009 through 2038; $2.46 million capital appreciation bonds due 2016, 2017 and 2019; proceeds will be used to construct and equip school buildings, purchase facility sites and refund part of the district's outstanding debt.

FEBRUARY 18 WEEK

February 20

TEXAS PUBLIC FINANCE AUTHORITY: $228.64 million general obligation refunding bonds (Aa1/AA/AA+); negotiated; UBS Securities LLC (lead); serial maturities from 2009 to 2012 and a term bond due 2015.

MARCH 24 WEEK

March 25

ORANGE REGIONAL MEDICAL CENTER (DORMITORY AUTHORITY OF THE STATE OF NEW YORK), MIDDLETOWN, N.Y.: $260 million series 2008 bonds (Ba1); negotiated; Merrill Lynch & Co. (lead), JPMorgan Chase & Co., Morgan Stanley; serial maturities of 30 years; proceeds for construction of 374-bed replacement hospital; pricing March 25.

FEBRUARY

SWEETWATER UNION HIGH SCHOOL DISTRICT, CHULA VISTA, CALIF.: $180 million bond issue; pricing expected in mid-February.

MARCH

UNIVERSITY OF OKLAHOMA HEALTH SCIENCES CENTER: $75 million in tax-exempt and taxable bonds; proceeds for new cancer research center; pricing expected in March or April.

ON THE HORIZON

CAMINO REAL REGIONAL MOBILITY AUTHORITY: $237 million pass-through toll transportation revenue bonds (A2); competitive issue; proceeds will fund construction of 7.4 mile State Spur 601. Pricing set for late January.

FLORIDA DEPARTMENT OF TRANSPORTATION: $342.1 million series 2008A bond issue (Aa2); competitive; serial maturities from July 1, 2008 through July 1, 2037; proceeds to be used for a portion of the turnpike's capital improvement program and to refund series 1997A turnpike revenue bonds; department gives 18-hour notice on competitive bond sales; pricing expected in January.

UNIVERSITY OF OKLAHOMA HEALTH SCIENCES CENTER: $100 million tax-exempt and taxable bonds; proceeds for new cancer research center; pricing expected in late spring or early summer.

SAN FRANCISCO CITY AND COUNTY AIRPORT COMMISSION: $169.5 million 34A-C senior lien variable-rate revenue refunding bond, $255 million 34D-E senior lien fixed-rate revenue refunding bonds, $110 million 34F-G senior-lien variable-rate revenue refunding bonds (A); pricing not set.

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