Municipals Calendar: Albany Airport to bring $83.44 million

JANUARY 28 WEEK

January 28

ALBANY COUNTY AIRPORT AUTHORITY (NEW YORK): $83.435 million series 2008A variable-rate refunding airport revenue bonds; competitive; bonds due in serial structure from Dec. 15, 2008 through Dec. 15, 2023; Depfa First Albany Securities LLC is financial advisor; proceeds to refund series 1997 bonds and fund a debt service reserve; pricing Jan. 28.

KING COUNTY, WASHINGTON: $237.27 million limited tax general obligation refunding bonds series 2008; negotiated; Goldman, Sachs & Co. (lead), Citigroup Global Markets, Lehman Brothers, Siebert Brandford Shank & Co. and Wachovia Bank (co-managers); bonds have a serial structure from 2009 to 2034; proceeds to refund county's 1998 series B outstanding general obligation bonds; pricing Jan. 28.

January 29

ALASKA HOUSING FINANCE CORP.: $80.88 million series 2008A home mortgage revenue bonds (Aa2/AA/AA+); negotiated; Citigroup Global Markets (lead); Bear, Stearns & Co. Inc., Goldman, Sachs & Co., JPMorgan, Merrill Lynch, Siebert Brandford Shank & Co., LLC and Wachovia Securities (co-managers); serials from Dec. 1, 2009 through Dec. 1, 2018 and term bonds due Dec. 1, 2023, Dec. 1, 2028, Dec. 1, 2033 and Dec. 1, 2038; proceeds for purchase of qualified mortgage loans for first-time homebuyers in Alaska.

LAS VEGAS VALLEY WATER DISTRICT: $365.38 million general obligation bonds series 2008A improvement and refunding bonds and 2008B refunding bonds (Aa1); proceeds to refund 1998 issue of bonds; NSB Public Finance, Public Financial Management and Hobbs, Ong and Associates are financial advisors; pricing Jan. 29; structure is:

• $192.595 million series 2008A improvement/refunding bonds, serial structure from 2009 to 2038

• $172.785 million series 2008B refunding bonds, serial structure from 2009 to 2026

SANTA CLARA COUNTY (CALIF.) FINANCING AUTHORITY: $124.95 million lease revenue bonds series 2008A (Aa3/AA); negotiated; Banc of America Securities (lead), Citigroup Global Markets and Lehman Brothers (co-managers); serial structure from 2008 through 2022; proceeds will be used to refund the county's series 2007A bonds; pricing Jan. 29.

WISCONSIN: $135 million clean water fixed-rate bonds (Aa1/AA+); series 1 bonds for $100 million and series 2 bonds for $35 million; negotiated; JPMorgan Chase & Co. (lead); proceeds to make loans to municipalities for wastewater treatment facilities improvements and refunding of outstanding bonds; pricing Jan. 29.

• $100 million series 1 bonds due 2009 to 2028

• $35 million series 2 bonds due 2016 to 2019

January 30

MARYLAND DEPARTMENT OF TRANSPORTATION: $250 million consolidated transportation bonds; competitive; serials from 2011 through 2023; Public Financial Management Inc. is advisor; proceeds to fund a portion of capital projects for state highways and transit system, including buses and light rail; pricing Jan. 30.

SAN FRANCISCO AIRPORT: $261 million AMT and non-AMT bonds (A1/A); negotiated; Citigroup Global Markets (lead); serial structure from 2012 to 2022; pricing Jan. 30.

January 31

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

ROCKFELLER UNIVERSITY/DORMITORY AUTHORITY OF NEW YORK: $103.215 million series 2008A revenue bonds; negotiated; Morgan Stanley; priced at weekly rate; serial structure from 2008 through 2039; proceeds for renovations to existing campus buildings and a bridging building to link two existing buildings; pricing Jan. 31.

VIRGINIA HOUSING DEVELOPMENT AUTHORITY: Remarketing $150 million Commonwealth Mortgage Bonds, series 2007 A-AMT; competitive; serial structure from 2009 through 2021 with $27.6 million term bond due 2026 and $46.2 million term bond due 2035; pricing Jan.31.

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.

FEBRUARY 4 WEEK

February 5

CITY OF GLENDALE (CALIF.): $110 million revenue bonds; $60 million in 2008 electric revenue bonds (Aa3/A+/A+) and $50 million in 2008 water revenue bonds (Aa3/A-/A); proceeds from electric revenue bonds for improvements to city's electric system and proceeds from water revenue bonds for improvements to water system; Public Financial Management is financial advisor; pricing Feb. 5. Structure is:

• $60 million series 2008 electric revenue bonds structure from 2018 to 2038

• $50 million series 2008 water revenue bonds structure from 2013 to 2038

GAINESVILLE (FLORIDA): $195 million bonds; $105 million in series 2008 A utilities system revenue bonds (Aa2) and $90 million in series B variable-rate utilities system revenue bonds (Aa2/VMIG 1); pricing expected Feb. 5-6; proceeds will be used to fund projects such as a new energy facility and a biosolids program.

February 6

JEA WATER & SEWER ENTERPRISE (FLORIDA) (Aa3): $150 million variable-rate water and sewer revenue bonds series 2008A-1 and series 2008A-2; negotiated; Morgan Stanley; serials from 2010 through 2042; proceeds for extensions and improvements to the water and sewer system; pricing Feb. 6.

February 7

ANCHORAGE, ALASKA: $95 million general obligation tax anticipation notes (SP1+); competitive; First Southwest Co. is financial advisor; bonds due Dec. 30, 2008; proceeds for general expenses until ad valorem and other revenues received; pricing Feb. 7.

INDIANA UNIVERSITY: $87 million student fee bonds series S (Aa1); negotiated; JPMorgan Chase & Co. (lead); proceeds to refund tax-exempt commercial paper and finance new projects; pricing Feb. 7.

ILLINOIS STATE TOLL HIGHWAY AUTHORITY: $766.2 million senior refunding revenue bonds (Aa3); negotiated; Goldman, Sachs & Co. (lead); proceeds to refund series 2006 bonds.

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.

February 21

HOWARD HUGHES MEDICAL INSTITUTE (THROUGH MARYLAND ECONOMIC DEVELOPMENT CORP.): $85 million series 2008A (Aaa/VMIG1); negotiated; Citigroup Global Markets; proceeds to renovate and expand administrative headquarters; Shattuck Hammond Partners is financial advisor; pricing Feb. 21.

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.

PUERTO RICO AQUEDUCT & SEWER AUTHORITY: $1.525 billion series A and B senior lien revenue bonds and series A and B revenue refunding bonds (BBB-); pricing mid-February; structure:

• $1.227 billion in series A senior lien revenue bonds

• $20.6 million in series B senior lien revenue bonds

• $155.7 million in series A revenue refunding bonds

• $121.2 million in series B revenue refunding bonds

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.

APRIL

HOWARD HUGHES MEDICAL INSTITUTE: $76.5 million series 2008B refunding bonds; negotiated; Lehman Brothers (lead); proceeds to refund existing debt on the headquarters from the institute's 1990 bonds; pricing expected in April.

ON THE HORIZON

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); timing not set.

SOUTHERN CALIFORNIA PUBLIC POWER AUTHORITY: $140.11 million Natural Gas Project A 2008 taxable revenue bonds for Anaheim, Burbank and Colton; proceeds to refinance each city's share of natural gas project acquisition and development costs through redemption of authority's draw-down revenue bonds issued as a short-term financing for the project;

• $80.36 million Natural Gas Project A 2008 taxable revenue bonds for City of Anaheim

• $43.275 million Natural Gas Project A 2008 taxable revenue bonds for City of Burbank

• $16.475 million Natural Gas Project A 2008 taxable revenue bonds for City of Colton

INDUSTRIAL DEVELOPMENT AUTHORITY (PIMA COUNTY, ARIZONA): $195 million lease revenue bonds series 2008 (Aa2); negotiated; Lehman Brothers (lead), Wells Fargo Brokerage Services (co-manager); sold in serial structure from 2010 through 2039; proceeds to acquire 1,038-bed, 139,000 square-feet detention center in Clark County, Nevada.

HARRIS COUNTY CULTURAL EDUCATIONAL FACILITIES (TEXAS): $158.5 million series 2008A revenue bonds for YMCA of Greater Houston; negotiated; Goldman, Sachs & Co. (lead), Merrill Lynch, Morgan Keegan, RBC Capital Markets and Wachovia Bank (co-managers); bonds price in serial structure from 2010 through 2020 and include $132.855 million term bonds due 2030, 2038 and 2042; proceeds for family and therapy pools, additional facility space, parking areas and sports fields; pricing in coming weeks.

SOUTH CAROLINA PUBLIC SERVICE AUTHORITY (SANTEE COOPER): $93.155 million revenue obligation bonds; negotiated; Goldman, Sachs & Co. (lead), Citigroup Global Markets; Bear, Stearns & Co.; Merrill Lynch & Co.; and Morgan Stanley (co-managers); proceeds will be used to refund series 1997 A refunding bonds.

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