Municipals Calendar: New York to price $550 million in GOs

FEBRUARY 11 WEEK

FLORIDA BOARD OF EDUCATION: $315.4 million series 2008A State Board of Education lottery revenue bonds (AA+); competitive; proceeds for school construction and renovation of schools; pricing expected week of Feb. 11.

February 12

HOUSTON COMMUNITY COLLEGE: $55 million maintenance tax notes series 2008 (AA); negotiated; Citigroup Global Markets (co-manager); notes will have serial structure from 2009 to 2027; proceeds to renovate and equip existing facilities; pricing Feb. 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

METROPOLITAN TRANSPORTATION AUTHORITY (NEW YORK CITY): $750 million (possibly upsizing to $1 billion) transportation revenue bonds; negotiated; JPMorgan Chase & Co., Lehman Brothers, UBS Investment Bank (lead managers); bonds have maturities from 2009 to 2028 with term bonds due 2033 and 2038; proceeds for transit and commuter projects and for refinancing debt held by MTA and MTA Bridges and Tunnels; pricing Feb. 12.

NEW YORK: $550 million general obligation bonds series I ($475 million tax-exempt subseries I-1 and $75 million taxable bonds subseries I-2); negotiated; Loop Capital (lead) subseries I-1 has serials from 2010 through 2028 and subseries I-2 has serials from 2018 to 2020; proceeds to be used for capital purposes; pricing Feb. 12.

PIMA COUNTY, ARIZ.: $100 million general obligation bonds (Aa3); competitive; proceeds for county's capital improvement plan; pricing Feb. 12.

ROUND ROCK INDEPENDENT SCHOOL DISTRICT: $126.36 million unlimited tax school building bonds; negotiated; Morgan Stanley (lead); maturities from 2009 to 2033 (one or more maturities as term bonds); proceeds to acquire land, construct and equip buildings and purchase technology equipment; pricing Feb. 12.

ST. CLOUD, MINNESOTA: $200 million health care variable-rate demand revenue bonds series 2008A, 2008B, 2008C (Aaa/AAA); negotiated; JPMorgan (lead on 2008A and 2008B bonds); RBC Capital Markets (lead on 2008C bonds); due May 1, 2042; interest rate resets at the weekly rate; proceeds to pay for or reimburse St. Cloud Hospital and CentraCare for construction of addition to hospital, construction of expansion to electrophysiology area and construction of parking deck; pricing Feb. 12.

• $70 million in series 2008A bonds

• $70 million in series 2008B bonds

• $60 million in series 2008C bonds

February 13

OREGON HOUSING AND COMMUNITY SERVICES: $70 million single-family housing revenue bonds (Aa2); negotiated; proceeds for single-family mortgage loans in the state of Oregon; pricing Feb. 13.

YONKERS, N.Y.: $54 million general obligation and school bonds (Baa2/A2); negotiated; Citigroup Global Markets (lead); serial maturities from 2009 to 2025 with term bond due 2030; pricing Feb. 13.

February 14

ERIE COUNTY INDUSTRIAL DEVELOPMENT AGENCY (NEW YORK): $170 million school facility revenue bonds (Aaa/AAA); negotiated; Citigroup Global Markets (lead); Depfa First Albany, Siebert Brandford Shank & Co., Sterne Agee & Leach, UBS Investment Bank (co-managers); FSA insured; serials from 2009 to 2029; proceeds to finance redevelopment program of Buffalo's public schools; pricing Feb. 14.

NEBRASKA INVESTMENT FINANCE AUTHORITY: $50 million series 2008A fixed-rate and series 2008B floating-rate single family housing revenue bonds; negotiated; Lehman Brothers (lead); Ameritas Investment Corp., Citigroup Global Markets, D.A. Davidson & Co. (co-managers); maturities from 2009 to 2018 with term bonds due 2028 and 2039; proceeds to refunds prior series bonds and to purchase and finance mortgage loans and mortgage-backed securities in Nebraska; pricing Feb. 14.

February 15

UNION COUNTY, N.J.: $105 million ($83.726 million series 2008 general improvement bonds, $15.699 million series 2008 county vocational-technical school bonds, $5.575 million series 2008 county college bonds; competitive; proceeds for county projects, improvements at vocational-technical schools, improvements of equipment and machinery at county colleges; pricing Feb. 15.

• General improvement bonds, serials 2009 to 2028

• Vocational-technical school bonds, serials 2009 to 2022

• County college bonds, serials 2009 to 2018

FEBRUARY 18 WEEK

February 19

PASADENA, TEXAS: $55.4 million waterworks and sewer system revenue bonds; competitive; RBC Capital Markets is financial advisor; serials from 2010 to 2033; proceeds for improvements to the city's water and sewer system; pricing Feb. 19.

February 20

HARRIS COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORP. (FOR YMCA FOR THE GREATER HOUSTON AREA): $158.5 million 2008A revenue bonds; negotiated; Goldman, Sachs & Co. (lead), Merrill Lynch, Morgan Keegan, RBC Capital Markets, Wachovia Bank (co-managers); proceeds for construction, acquisition, equipment and renovation of capital projects and for debt service fund; pricing Feb. 20.

NEW YORK LOCAL GOVERNMENT ASSISTANCE CORP.: $385.05 million series 2008A refunding bonds; competitive; Public Resources Advisory Group is financial advisor; serial bonds from 2009 to 2021; proceeds to refund outstanding series 1996A, 1997A and 1997B bonds; pricing Feb. 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 25 WEEK

February 27

ILLINOIS STATE UNIVERSITY: $30.005 million series 2008 auxiliary facility system revenue bonds (A2); competitive; proceeds for capital projects, including a student fitness and kinesiology and recreation center and a power plant; pricing Feb. 27.

February 28

NEW YORK: $100 million multi-modal bonds; Bank of America (re-marketing agent); adjustable rate; pricing Feb. 28.

PASCO COUNTY SOLID WASTE ENTERPRISE, FLA.: $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 1

NEW JERSEY HEALTH CARE FACILITIES FINANCE AUTHORITY/HACKENSACK UNIVERSITY MEDICAL CENTER: $85 million series 2008 revenue bonds (A3/A-); negotiated; Bear, Stearns & Co. (lead); proceeds for construction of new cancer center and 975-space parking garage; pricing March 1.

MARCH 3 WEEK

March 5

THOMAS JEFFERSON UNIVERSITY (PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY) (A1): $71.55 million series 2008A and 2008B revenue bonds; negotiated; UBS Securities LLC (lead); proceeds to fund capital projects and improvements, as well as refunding the university's series 2005 revenue and refunding bonds; pricing March 5.

March 6

MASSACHUSETTS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/TUFTS UNIVERSITY: $59.775 million revenue bonds (Aa2/AA-); negotiated; Lehman Brothers (lead); proceeds to refund the Massachusetts Development Finance Agency series H revenue bonds; pricing March 6.

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.

MARCH 31 WEEK

April 1

ILLINOIS STATE UNIVERSITY: $21.815 million series 2008 certificates of participation (A2); competitive; proceeds for new student fitness and kinesiology and recreation center, as well as power plant; pricing April 1.

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

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, ARIZ.): $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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