Municipals Calendar: Glendale to price $110 million bonds

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, FLA.: $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

DARTMOUTH COLLEGE: $75 million series A short-term commercial notes (P-1); negotiated; Lehman Brothers (lead); proceeds for bridge financing of capital projects and general capital needs; pricing Feb. 6.

DENVER, COLO.: $174.135 million general obligation justice system facility bonds series 2008 and supplemental B interest-registered coupons (Aa1); competitive; proceeds for jail and courthouse improvements; pricing Feb. 6.

JEA WATER & SEWER ENTERPRISE, FLA.: $150 million variable-rate water and sewer revenue bonds series 2008A-1 and series 2008A-2 (Aa3); negotiated; Morgan Stanley; bonds due in serial structure 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.

CALIFORNIA: $3.2 billion economic recovery bond package; negotiated; Lehman Brothers and Citigroup Global Markets (leads); preliminary 15-year maturities; proceeds to help financing state's accumulated state budget deficit; pricing Feb. 7. Tranches are:

• $1.3 billion series 2008A fixed-rate bonds

• $1.9 billion series 2008B floating-rate bonds

HARRIS COUNTY, TEXAS: $351.27 million bonds ($35 million series 2008A permanent improvement refunding bonds, $40 million series 2008A unlimited tax road refunding bonds, $120 million series 2008A flood control district contract tax refunding bonds, $156.27 million series 2008B flood control district contract tax refunding bonds) (Aa1/AA+/AA+); negotiated; Morgan Keegan & Co. and Estrada Hinojosa & Co. (lead); Rice Financial Products Co., Jackson Securities, Southwest Securities and RBC Capital (co-managers); flood control district bonds may be variable-rate; adjustable-rate bonds have preliminary maturities from Oct. 1, 2008 to Oct. 1, 2028; proceeds to refund outstanding bonds; 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.

NEW YORK STATE THRUWAY AUTHORITY: $239.14 million local highway and bridge service contract bonds series 2008; negotiated; Morgan Stanley (lead); serials from 2008 to 2015 with term bond due 2017; proceeds to refund maturities from outstanding highway and bridge service contract bonds, which were used to fund grants to reimburse municipalities and other sponsors for capital expenses to highway, bridge and multi-modal projects in the state; pricing Feb. 7.

FEBRUARY 11 WEEK

February 11

FORT WORTH INDEPENDENT SCHOOL DISTRICT (TEXAS): $232.135 million school building unlimited tax bonds (Aaa/AAA); negotiated; JPMorgan (lead), Estrada Hinojosa & Co., Siebert Brandford Shank & Co. and RBC Capital Markets (co-managers); serial maturities from 2009 to 2028; proceeds to purchase school buses, acquire land and construct and equip school buildings; pricing Feb. 11.

ROUND ROCK INDEPENDENT SCHOOL DISTRICT (TEXAS): $126.36 million unlimited tax school building bonds series 2008; negotiated; Morgan Stanley (lead); RBC Capital Markets, Morgan Keegan & Co., Cabrera Capital Markets LLC and Loop Capital Markets LLC (co-managers); serial structure from 2009 to 2033; proceeds to acquire land, construct and equip buildings and purchase technology equipment for the school district; pricing Feb. 11.

February 12

HOWARD COUNTY, MARYLAND: $111.525 million series 2008A and metropolitan district bonds (Aaa); competitive; proceeds to repay $107.5 million in county's consolidated public improvement commercial paper bond anticipation notes, series D and to pay for various water and sewer capital projects; pricing Feb. 12; Bonds include:

• $107.5 million consolidated public improvement bonds, series 2008A

• $4.1 million metropolitan district bonds, series 2008A

FEBRUARY 18 WEEK

February 20

ORANGE COUNTY SCHOOL BOARD, FLA.: $86.58 million series 2008A variable-rate refunding certificates of participation (A1); negotiated; Citigroup Global Markets; proceeds to refund $80.4 million in 2002A certificates; pricing Feb. 20.

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

February 21

FORT LAUDERDALE MEDICAL INSTITUTE/MARYLAND ECONOMIC DEVELOPMENT CORP.: $155 million water and sewer revenue bonds (Aa2); competitive; proceeds to fund improvements to two water treatment plants, enhance the water supply system with new wells and sewer extension through the city; pricing Feb. 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.

MASSACHUSETTS STATE COLLEGE BUILDING AUTHORITY: $90 million project revenue bonds 2008A; negotiated; Bear, Stearns & Co. and Lehman Brothers (lead); Banc of America Securities LLC, Citigroup Global Markets, Depfa First Albany Securities LLC, Raymond James & Associates and Samuel A. Ramirez & Co. (co-managers); proceeds for deposits to the authority's project fund and debt service reserve fund; pricing Feb. 20 or 21.

February 28

PASCO COUNTY SOLID WASTE ENTERPRISE (FLORIDA): $95 million ($41 million solid waste disposal and resource revenue recovery system refunding revenue bonds, series 2008B, 2008C, 2008D-1, 2008D-2 and $54 million solid waste disposal and resource revenue recovery system refunding revenue bonds, taxable series 2008A) (A2); competitive; proceeds to defease all the solid waste system's existing bonds to provide cash-flow relief, fund a debt service reserve account, provide funds for minor capital improvements; pricing Feb. 28.

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.

SAN FRANCISCO AIRPORT: $261 million AMT and non-AMT bonds (A1/A); negotiated; Citigroup Global Markets (lead); serials from 2012 to 2022; proceeds to refund existing bonds; pricing March 26.

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

FLORIDA: $315.4 million series 2008A State Board of Education lottery revenue bonds and $300 million series 2007C public education capital outlay bonds; pricing in early to mid-February; competitive; proceeds to finance the costs of building and renovating schools and other capital outlay projects.

MASSACHUSETTS STATE COLLEGE BUILDING AUTHORITY: $90 million series 2008A project revenue bonds; negotiated; Bear, Stearns & Co. and Lehman Brothers (leads); Citigroup Global Markets, Depfa First Albany Securities LLC, Raymond James & Associates and Samuel A. Ramirez & Co. (co-managers); proceeds will be used for deposits to the authority's project fund and debt service reserve fund.

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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