Municipals Calendar: New York prices $448.025 million G.O.s

MARCH 10 WEEK

March 11

ALPINE SCHOOL DISTRICT (UTAH): $84 million bonds; competitive; serial structure from 2009 to 2023; pricing March 11.

CALIFORNIA DEPARTMENT OF WATER RESOURCES: $1.025 billion series 2008H fixed-rate power supply revenue bonds (Aa3/A+/A); negotiated; Bear, Stearns & Co. and Merrill Lynch (lead); Banc of America Securities, Blaylock Robert Van, Butler Wick & Co., Cabrera Capital Markets, Citigroup Global Markets, Estrada Hinojosa & Co., Goldman, Sachs & Co., JPMorgan, Loop Capital Markets, Morgan Stanley & Co., NAFA Capital Markets, RBC Capital Markets, Roberts & Ryan Investments, Stone & Youngberg, Sutter Securities (co-managers); maturities from 2017 to 2022; proceeds to be deposited in an escrow fund for refunded bonds; pricing March 11.

HUMBLE INDEPENDENT SCHOOL DISTRICT (HARRIS COUNTY, TEXAS): $96.7 million unlimited tax school building bonds; negotiated; Morgan Keegan & Co. (lead); Citigroup Global Markets, Merrill Lynch, UBS Investment Bank, Banc of America Securities, RBC Capital Markets (co-managers); 2008A bonds due 2018 to 2033; 2008B bonds due 2009 to 2018; proceeds to acquire land, build schools and refund and defease bonds; pricing March 11.

• $73.35 million series 2008A unlimited tax school building bonds

• $23.4 million series 2008B unlimited tax refunding bonds

IDAHO HOUSING FINANCE AUTHORITY: $178 million series 2008A grant and revenue anticipation federal highway trust bonds (Aa3); negotiated; Citigroup (lead); serial maturities from 2008 through 2026; proceeds to fund six highway projects; pricing March 11.

LA PORTE INDEPENDENT SCHOOL DISTRICT (TEXAS): $65 million series 2008 unlimited tax school building bonds (Aa3); negotiated; advisor is RBC Capital Markets; proceeds to finance construction of new education facilities, as well as fleet and technology purchases; pricing March 11.

NEW YORK: $448.025 million general obligation bonds; negotiated; Merrill Lynch (lead); series J bonds due 2009 to 2018 and series K bonds due 2008 to 2029; proceeds to redeem previous bonds.

• $354.155 million tax-exempt subseries J-1

• $81.87 million taxable subseries J-2

• $12 million tax-exempt series K

NEW YORK STATE ENVIRONMENTAL FACILITIES CORP.: $161.73 million state personal income tax revenue bonds (AA-); competitive; series A bonds due 2012 to 2027 and series B bonds due 2008 to 2012; pricing March 11.

• $123.0235 million series 2008A

• $38.705 million series 2008B

PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY/THOMAS JEFFERSON UNIVERSITY: $71.55 million series 2008B revenue bonds; negotiated; UBS Securities; pricing March 11.

RHODE ISLAND HOUSING AND MORTGAGE FINANCE CORP.: $74.44 million homeownership opportunity bonds (Aa2/AA+); negotiated; Goldman, Sachs & Co., Merrill Lynch and Morgan Stanley (lead); Banc of America Securities, Carolan & Co., Citigroup Global Markets, First Southwest Co., George K. Baum & Co., Roosevelt & Cross, Siebert Brandford Shank and UBS Investment Bank (co-managers); 59-A bonds due from 2009 to 2017 with term bonds due 2032 and 2034; 59-B bonds due 2022, 2027, 2028 and 2032; 59-C bonds due 2047; proceeds for housing loans; pricing March 10.

• $23.285 million series 59-A bonds

• $37.14 million series 59-B bonds

• $14.015 million series 59-C bonds

VIRGINIA BEACH, VA.: $90 million general obligation public improvement bonds (Aa1/AAA/AA+); competitive; serial structure from 2008 to 2027; Government Finance Associates and ARD Government Finance Group are financial advisors; proceeds will be used for public improvement projects; pricing March 11.

WALT DISNEY FAMILY MUSEUM/CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK: $59.1 million series 2008 revenue bonds (A1/AA-); proceeds to renovate facilities for the museum complex; pricing March 11.

March 12

MARYLAND TRANSPORTATION AUTHORITY: $685 million series 2008 transportation facilities projects revenue bonds (Aa3); competitive; proceeds to finance highway projects; pricing March 12.

NEBRASKA PUBLIC POWER DISTRICT: $137 million general revenue bonds (A1); negotiated; Morgan Stanley (lead); bullet maturity in 2014; proceeds to refund outstanding bonds and eliminate auction-rate securities from the district's debt structure; pricing March 12.

NEW HAMPSHIRE: $89.715 million general obligation bonds; competitive; series 2008A bonds due from 2019 to 2025 and series 2008B bonds due from 2009 to 2028; proceeds from 2008A to refund outstanding series 2004A and 2004B general obligation bonds, and series 2008B bonds to pay for various capital improvements; pricing March 12.

NORTH DAKOTA HOUSING FINANCE AGENCY: $56.565 million series 2008C housing finance bonds (Aa1/VMIG1); negotiated; Citigroup Global Markets (lead); short-term bonds due June 1, 2009; proceeds invested in guaranteed interest account; pricing March 12.

PORT AUTHORITY OF NEW YORK AND NEW JERSEY: $700 million consolidated bonds; competitive; 150th series bonds due from 2013 to 2027; 151st series bonds due 2019 to 2035; Depfa First Albany Securities and Acacia Financial Group are financial advisors; proceeds to refund series 7 versatile structure obligations; pricing March 12.

• $350 million 150 series

• $350 million 151 series

STATE PUBLIC WORKS BOARD OF THE STATE OF CALIFORNIA: $310.12 million lease revenue bonds for Regents of the University of California (Aa2/AA-/AA-); negotiated; Bear, Stears & Co. and Cabrera Capital Markets (lead); Lehman Brothers, Morgan Keegan, Podesta & Co., Sutter Securities and Wachovia Bank (co-managers); series 2008A bonds due 2009 to 2028 with term bond; 2008B bonds due 2009 to 2028 with term bond; 2008C bonds due 2009 to 2023; proceeds to construct replacement for University of California Irvine Medical Center, seismic improvements to University of California San Francisco Moffitt and Long Hospital and expansion of Natural Sciences Unit 2 at McGaugh Hall; pricing March 12.

• $269.305 million series 2008A

• $26.275 million series 2008B

• $14.54 million series 2008C

WAYNE STATE UNIVERSITY: $190.105 million series 2008 general revenue bonds (Aa3); negotiated; Goldman, Sachs & Co.; Lehman Brothers, Loop Capital Markets and JPMorgan (co-manager); proceeds to refund previously issued debt and finance the cost of swap termination payments; pricing March 12.

March 13

CLARK COUNTY, NEVADA: $200 million highway revenue commercial paper notes (P-1); series 2008A and series 2008B motor vehicle fuel tax notes; negotiated; Citigroup Global Markets (lead for 2008A); UBS Securities (lead for 2008B); pricing March 13.

FRISCO INDEPENDENT SCHOOL DISTRICT: $90 million unlimited tax school building bonds (Aaa/AAA); competitive; due from 2010 to 2040; proceeds to construct, equip and renovate schools; pricing March 13.

NEW YORK: $268.99 million taxable and tax-exempt general obligation bonds; competitive; 2008A bonds due 2009 to 2038 with a term bond; 2008B bonds due 2009 to 2018 with a term bond; proceeds for capital expenses related to accelerated capacity and transportation improvements made in the 1990s, clean air and clean water initiatives and transportation purposes; pricing March 13.

PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY/STATE SYSTEM OF HIGHER EDUCATION: $99.365 million series A refunding revenue bonds; negotiated; UBS Securities (lead); due 2008 to 2024; pricing March 13.

SWEETWATER UNION HIGH SCHOOL DISTRICT (CHULA VISTA, CALIF.): $180 million general obligation bonds (A2/A+); negotiated; UBS Securities (lead); Alta Vista Financial (co-manager); fixed-rate bonds; proceeds to construct, repair, equip, acquire and furnish school facilities; pricing March 13.

MARCH 17 WEEK

March 17

BOARD OF REGENTS OF THE UNIVERSITY OF TEXAS SYSTEM: $680 million series 2008B public higher education revenue bonds (Aaa/VMIG1); negotiated; Lehman Brothers and JPMorgan Chase & Co. (lead); rate resets weekly; proceeds to refinance $462 million outstanding certificates of participation, refund $35 million outstanding bonds and fund $182 million in campus improvements; pricing March 17.

March 18

ALASKA MUNICIPAL BOND BANK: $62.025 million general obligation bonds; competitive; bonds due from 2009 to 2038; Western Financial Group is financial advisor; proceeds lent to government units in Dillingham, Seward, Kodiak and Kodiak Island Borough for school renovations, public pool, long-term care facility and public safety building; pricing March 18.

MISSOURI ENVIRONMENTAL IMPROVEMENT AND ENERGY RESOURCES AUTHORITY/ASSOCIATED ELECTRIC COOPERATIVE: $71.55 million (AA/AA); negotiated; Goldman, Sachs & Co. (lead); bonds will price in a term-rate mode; bonds due 2034; proceeds to redeem outstanding principal on series 2007 refunding revenue bonds; pricing March 18.

SACRAMETO COUNTY (CALIFORNIA): $350.675 million taxable pension funding bonds; negotiated; Morgan Stanley; bonds due 2030; bonds expected to bear interest at Libor plus a spread, which will be determined March 20; proceeds to refund and defease $346.8 million in outstanding 2004C-1 taxable pension funding bonds; pricing March 18.

SAN DIEGO COUNTY REGIONAL TRANSPORTATION COMMISSION (CALIFORNIA): $600 million sales tax revenue bonds (Aa2); competitive; proceeds for capital projects; pricing March 18.

• $300 million series 2008A bonds

• $300 million series 2008B bonds

March 20

ECONOMIC DEVELOPMENT AUTHORITY OF ROANOKE COUNTY (VIRGINIA): $58.6 million lease revenue bonds (A1); Assured Guaranty insured; proceeds to construct a recreation facility, library, public works garage and fire station and purchase police radio equipment; pricing March 20.

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.

March 26

NEW HAMPSHIRE HEALTH AND EDUCATIONAL FACILITIES AUTHORITY: $84.4 million revenue bonds (reoffering) (Aaa/AAA); Lehman Brothers (remarketing agent); bonds originally issued for university capital improvements; $24.35 million series 2006A bonds to be remarketed between March 26 and March 25, 2009.

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.

TAMPA ELECTRIC CO.: $286.8 million; refinancing of tax-exempt auction-rate bonds; pricing March 26.

March 28

NEW HAMPSHIRE HEALTH AND EDUCATIONAL FACILITIES AUTHORITY: $84.4 million revenue bonds (reoffering) (Aaa/AAA); JPMorgan (remarketing agent); bonds originally issued for university capital improvements; $60.05 million in series 2006B-1 bonds will be remarketing from March 28 through March 27, 2009.

MARCH 31 WEEK

April 1

HOWARD HUGHES MEDICAL INSTITUTE (THROUGH MARYLAND ECONOMIC DEVELOPMENT CORP.): $76.5 million refunding bonds series 2008B; negotiated; Lehman Brothers; proceeds to refund existing debt from series 1990 bonds; pricing 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.

APRIL 7 WEEK

April 10

STATE PUBLIC WORKS BOARD (CALIFORNIA): $58 million bonds; various projects; pricing April 10.

APRIL 14 WEEK

April 15

DICKINSON INDEPENDENT SCHOOL DISTRICT (GALVESTON COUNTY, TEXAS): $60 million series 2008 unlimited tax schoolhouse bonds (A3/A-); negotiated; Southwest Securities (lead); RBC Capital Markets, Coastal Securities, Banc of America Securities, Estrada Hinojosa & Co., UBS Investment Bank (co-managers); proceeds for construction, acquisition and equipment of schools, the purchase of sites for school buildings and for the acquisition of new school buses; pricing April 15.

MARCH

INDUSTRIAL DEVELOPMENT BOARD OF MOBILE (Ala.): $246.5 million pollution control revenue bonds (A2/A); remarketing; Morgan Keegan & Co. (lead); mature June 1, 2034; pricing mid-March.

• $86.5 million series 2007-A bonds

• $80 million series 2007-B bonds

• $80 million series 2007-C bonds

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 mid-March.

OHIO HOUSING FINANCE AGENCY: $187.575 million residential mortgage revenue bonds; negotiated; George K. Baum (lead); Citigroup Global Markets, Goldman, Sachs & Co., Lehman Brothers, Butler Wick & Co., Fifth Third Securities, KeyBanc Capital Markets, Merrill Lynch, UBS Securities, SBK-Brooks Investment (co-managers); 2008A bonds due 2009 to 2018 with term bonds 2013 and 2018; 2008B bonds due 2039; 2008C bonds due 2040; 2008D bonds due 2018 and 2029; proceeds to finance mortgage loans, refund 1998A-1 residential mortgage revenue bonds and refund outstanding general obligation bonds; pricing in March.

• $37.5 million series 2008A bonds

• $67.5 million series 2008B variable-rate bonds

• $45 million series 2008C variable-rate demand bonds

• $37.575 million series 2008D bonds

PIMA COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (ARIZONA)/TUCSON ELECTRIC POWER CO.: $125.074 million series 2008A variable-rate industrial development revenue bonds; negotiated; Morgan Stanley and JPMorgan (lead); BNY Capital Markets and Wachovia Securities (co-managers); due 2029; proceeds to redeem the authority's 1997B and 1997C revenue bonds.

TRIBOROUGH BRIDGE AND TUNNEL AUTHORITY: $750 million series 2008A and 2008B general revenue bonds; negotiated; Lehman Brothers, UBS Investment Bank and Bear, Stearns & Co. (lead); Depfa First Albany Securities, Morgan Stanley, M.R. Beal & Co., Ramirez & Co., Raymond James & Co., RBC Capital Markets, Roosevelt & Cross, Siebert Brandford Shank & Co. and Wachovia Bank (co-managers); proceeds for bridge and tunnel projects and commuter and transit projects.

TRUSTEES OF THE CALIFORNIA STATE UNIVERSITY: $600 million bonds; pricing expected in 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.

REGENTS OF THE UNIVERSITY OF CALIFORNIA: $324 million medical center pooled revenue bonds; pricing expected in April.

ON THE HORIZON

BOARD OF GOVERNORS OF WAYNE STATE UNIVERSITY (MICHIGAN): $190.105 million general revenue refunding bonds (Aaa/AAA); negotiated; Goldman, Sachs & Co. (lead); Lehman Brothers, Loop Capital Markets, JPMorgan Securities (co-managers); proceeds to refund bonds and pay swap termination fees.

FAIRFIELD, CONN.: $51.115 million 2008 refunding bonds; negotiated; William Blair (lead); serial structure from 2010 to 2023; proceeds refund city's 2003A and 2003B bonds.

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; 18-hour notice.

FLORIDA DEPARTMENT OF ENVIRONMENTAL PROTECTION: $278 million series 2008A Florida forever revenue bonds; competitive; 18-hour notice.

HENNEPIN COUNTY (MINNESOTA): $60 million series 2008A general obligation bonds (Aaa/AAA/AAA); competitive; due from 2008 to 2027; proceeds for capital improvements and library improvement projects; pricing postponed.

HOUSTON INDEPENDENT SCHOOL DISTRICT (Texas): $385.4 million series 2008 limited tax schoolhouse bonds; negotiated; Merrill Lynch & Co. (lead); serial maturities from 2012 through 2033; proceeds to construct, equip and acquire school buildings and sites.

MASSACHUSETTS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY: $141.235 million series M Boston College Issue revenue bonds (Aa3/AA-); negotiated; Lehman Brothers (lead); due from 2023 to 2028 with term bonds due 2030 and 2035; proceeds for renovations on campus, the construction of administrative building and construction of stairs at a campus building.

MICHIGAN MUNICIPAL BOND AUTHORITY: $560 million school loan revolving fund revenue and refunding bonds (AA-/F1+); negotiated; Merrill Lynch & Co.(lead); Bear, Stearns & Co, Fidelity Capital Markets and JPMorgan (co-managers); bonds due 2048; proceeds to make loans under the school loan revolving fund, make loan payments to the state of Michigan, refund previous bonds and make deposits to reserve and clearing accounts.

• $160 million series 2008A-1 weekly rate bonds

• $100 million series 2008A-2 bonds

• $150 million series 2008A-3 term-rate bonds

• $150 million series 2008A-4 bonds

NEW YORK MORTGAGE AGENCY: $125 million homeowner mortgage revenue bonds; negotiated; Merrill Lynch & Co. (lead); Bear, Stearns & Co., Goldman, Sachs & Co., Roosevelt & Cross, Samuel A. Ramirez, Sterne, Agee & Leach and UBS Investment Bank (co-managers); series 151 bonds due 2008 and 2018 to 2019 with term bonds due 2023, 2027, 2033 and 2038; series 152 bonds due 2008 to 2017 with term bond due 2023; 153 bonds due 2047; proceeds to purchase mortgage loans and refund or replace existing bonds.

• $45.235 million series 151 fixed-rate bonds

• $29.765 million series 152 fixed-rate bonds

• $50 million series 153 variable-rate bonds

NORTHERN MICHIGAN UNIVERSITY: $109.225 million series 2008A general revenue bonds (A2); negotiated; Piper Jaffray (lead); FSA insured; series structure from 2008 to 2024 with term bonds due 2028, 2035 and 2038; proceeds to refund existing bonds and renovate residence halls; pricing postponed.

PALM BEACH COUNTY SCHOOL BOARD: $112.7 million series 2007B certificates of participation; remarketing; Bear, Stearns & Co.; certificates issued in March 2007 to finance the acquisition and construction of facilities.

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

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.

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.

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