Municipals Calendar: Oglethorpe Power to sell $255.04 million

WEEK OF AUGUST 18

ALDINE INDEPENDENT SCHOOL DISTRICT (TEXAS): $100 million series 2008 unlimited tax building bonds; negotiated; RBC Capital Markets (lead); serial maturities from 2009 through 2033; proceeds used to acquire sites and construct and equip school buildings and a transportation facility; pricing week of Aug. 18.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/SUNY DORMITORIES: $130 million fixed-rate bonds; pricing week of Aug. 18.

IVY TECH COMMUNITY COLLEGE (INDIANA): $65.875 million series 2008L student fee revenue bonds (/AA-/AA-); negotiated; City Securities Corp. (lead); serial maturities from 2009 through 2027; proceeds to refund the outstanding series E bonds, refinance the outstanding Fairbanks interim bank loan and fund construction of new facilities and improvements at the college's Logansport and Fort Wayne campuses and the Greencastle extension center; pricing week of Aug. 18.

AUGUST 21

BURKE COUNTY/OGLETHORPE POWER (GEORGIA): $255.035 million pollution control revenue bonds (//A); negotiated; JPMorgan (lead); proceeds to repay outstanding commercial paper; pricing Aug. 21.

• $50 million series 2008A

• $50 million series 2008B

• $50 million series 2008C

• $50 million series 2008D

• $55.035 million series 2008E

FLORIDA BOARD OF EDUCATION: $200 million series 2008B lottery revenue bonds (A2/AAA/A); competitive; serial maturities from 2009 through 2028; proceeds to fund the costs of constructing, acquiring or renovating educational facilities in various school districts; pricing Aug. 21.

THOMAS JEFFERSON SCHOOL OF LAW/CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY: $129.93 million revenue bonds; negotiated; Merrill Lynch & Co.; proceeds used to acquire, construct and equip a multi-story building with underground parking in San Diego for the new law school campus and to refund a portion of the outstanding $30.8 millions series 2007 taxable notes; pricing Aug. 21.

• $95.685 million series 2008A term bonds due 2038

• $34.245 million series 2008B bonds due 2023

UNIVERSITY OF OKLAHOMA HEALTH SCIENCES CENTER: $70.995 million series 2008 general revenue bonds (/AA/AA); negotiated; Citigroup Global Markets (lead); BOSC, Inc. (co-manager); 2008A bonds due 2024 to 2028 with term bonds due 2033 and 2036; 2008B bonds due 2009 to 2013 with term bonds due 2018 and 2024; proceeds for construction and equipment of center's OU Cancer Institute; pricing Aug. 21.

• $44.83 million series 2008A tax-exempt bonds

• $26.165 million series 2008B taxable bonds

WEEK OF AUGUST 25

TARRANT COUNTY (TEXAS): $112 million series 2008 limited tax bonds; negotiated; JPMorgan; serial maturities from 2009 through 2028; proceeds to purchase, construct, renovate and maintain streets, roads, highways and bridges and construct jail facilities, county and state court buildings and expand the county's medical examiner facilities and crime lab.

AUGUST 25

HOSPITAL FACILITIES AUTHORITY OF MULTNOMAH COUNTY/MIRABELLA AT SOUTH WATERFRONT (OREGON): $230 million series 2008 variable-rate health care conduit revenue bonds; negotiated; Caine Mitter & Associates; pricing Aug. 25.

KENT STATE UNIVERSITY (OHIO): $60 million series 2008B variable-rate general receipts bonds (/AAA/); negotiated; Lehman Brothers; due May 1, 2032; proceeds to redeem the $60 million outstanding from the series 2002 general receipts bonds on Aug. 26; pricing Aug. 25.

AUGUST 26

FORSYTH COUNTY (NORTH CAROLINA): $119.54 million general obligation bonds; competitive; DEC Associates (financial adviser for refunding bonds); proceeds to be used for projects that include refunding the 2009 through 2014 serial maturities from the series 1998 general obligation school bonds and the 2009 through 2016 maturities from the series 1999 general obligation school bonds; pricing Aug. 26.

• $80 million series 2008 school bonds

• $11.12 million series 2008 public improvement bonds

• $28.42 million series 2008 general obligation refunding bonds

MAINE MUNICIPAL BOND BANK/MAINE DEPARTMENT OF TRANSPORTATION: $50 million series 2008A grant anticipation bonds (Aa3//AA-); negotiated; Citigroup Global Markets (lead); serial maturities from 2009 through 2020; proceeds to help pay for three highway reconstruction projects and 12 bridge projects; pricing Aug. 26.

MCALLISTER ACADEMIC VILLAGE/ARIZONA STATE UNIVERSITY HASSAYAMPA ACADEMIC VILLAGE: $146.635 million series 2008 revenue refunding bonds (/AA-/); negotiated; RBC Capital Markets; serial maturities from 2010 through 2045; proceeds to refund the series 2005 variable rate revenue bonds; pricing Aug. 26.

MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA: $148.065 million series 2008B Project One subordinated bonds (Aaa/VMIG 1/AAA/A-1/A+); negotiated; Goldman, Sachs & Co. (lead); variable-rate bonds bear interest at weekly rate; proceeds refund authority's series 2008B Project One subordinated bonds revolving credit agreement notes; pricing Aug. 28.

AUGUST 27

EUGENE SCHOOL DISTRICT 4J (OREGON): $50.25 million series 2008 general obligation bonds; due July 1, 2017; proceeds to refund the district's series 1999 and 2002 education bonds; pricing Aug. 27.

AUGUST 28

ARIZONA HEALTH FACILITIES AUTHORITY/BANNER HEALTH: $912.15 million series 2008D-F revenue bonds (/AA-/AA-); negotiated; Morgan Stanley and Merrill Lynch (lead); proceeds to acquire Sun Health Boswell Hospital and Sun Health Del E. Webb Hospital from Sun Health Corp.; pricing Aug. 28.

WEEK OF SEPTEMBER 1

NEW YORK CITY HEALTH AND HOSPITALS CORP.: $191.76 million series 2008B through 2008E health system bonds (/A+/A); negotiated; Morgan Stanley and Citigroup Global Markets (lead); proceeds to refund series 2002B through 200H auction- and variable-rate demand bonds and provide $100 million in funds for equipment; pricing week of Sept. 1.

SEPTEMBER 1

COMMONWEALTH OF PUERTO RICO: $250 million general obligation bonds; pricing Sept. 1.

SEPTEMBER 3

FRANKLIN W. OLIN COLLEGE OF ENGINEERING/MASSACHUSETTS DEVELOPMENT FINANCE AGENCY: $93.8 million revenue bonds (A1//); negotiated; Lehman Brothers; proceeds to refund the series A1 and A2 auction-rate securities; pricing Sept. 3.

• $10 million series 2008C1

• $41.9 million series 2008C2

• $41.9 million series 2008C3

SEPTEMBER 5

SCHOOL BOARD OF ORANGE COUNTY (FLORIDA): $51 million series 2008E certificates of participation (A1/A+/); negotiated; Citigroup Global Markets (lead); Wachovia Bank, Morgan Stanley, Jackson Securities, RBC Capital Markets, Raymond James, Siebert Brandford Shank & Co., Merrill Lynch (co-managers); proceeds refund series 2007C COPs; pricing Sept. 5.

SEPTEMBER 11

SARASOTA COUNTY (FLORIDA): $72.65 million series 2008A infrastructure sales surtax revenue bonds (Aa3//); proceeds will be used to fund capital improvement infrastructure projects; pricing Sept. 11.

SEPTEMBER 23

NEW YORK CITY TRANSITIONAL FINANCE AGENCY: $700 million fixed-rate building aid revenue bonds; negotiated; pricing Sept. 23.

AUGUST

DISTRICT OF COLUMBIA: $480.88 million general obligation and general obligation refunding bonds (A1/A+/A+); negotiated; Merrill Lynch, Citigroup Global Markets and Siebert Brandford Shank (lead for 2008E); Siebert Brandford Shank, Merrill Lynch and Raymond James (lead for 2008F); 2008E bonds due 2009 to 2028 with term bond due 2033; 2008F bonds due 2009 to 2025; proceeds to finance capital projects and redeem district's outstanding general obligation bonds; pricing in August.

• $329.39 million series 2008E G.O. bonds

• $151.49 million series 2008F G.O. refunding bonds

ORANGE COUNTY, CALIF.: $300 million series A Teeter Plan obligation commercial paper notes (P-1//F1+); negotiated; Lehman Brothers (dealer); notes due no longer than 270 days from issue; proceeds for refunding obligations of county and making distributions to local governments; pricing in August.

SPRINGFIELD, ILL.: $103.685 million series 2008 senior-lien electric revenue bonds (Aa3/AA-/) negotiated; Citigroup Global Markets and Merrill Lynch (lead); proceeds refund city's outstanding series 2000 subordinate-lien bonds and series 2002 subordinate-lien bonds; pricing in August.

SEPTEMBER

COMMONWEALTH OF VIRGINIA/VIRGINIA PUBLIC BUILDING AUTHORITY: $320 million public facilities revenue bonds (Aa1//); proceeds to finance public building projects, including local and regional jail facilities; pricing in September.

• $260 million series 2008B

• $60 million series 2008C

NEW YORK STATE HOUSING FINANCE AGENCY: $170 million variable-rate bonds; proceeds for the 320 West 38th Street project; pricing in September.

PUERTO RICO MUNICIPAL FINANCING AGENCY: $400 million bonds; pricing in September.

OCTOBER

COMMONWEALTH OF PUERTO RICO: $1 billion tax and revenue anticipation notes, pricing in October.

ON THE HORIZON

ALASKA HOUSING FINANCE CORP.: $80.88 million series 2008B home mortgage revenue bonds; negotiated; Goldman, Sachs & Co. (lead); serial maturities from 2009 through 2018 and terms due 2023, 2028, 2033 and 2038; proceeds to purchase first-time buyer home mortgage loans.

CHILDREN'S TRUST (COMMONWEALTH OF PUERTO RICO): $205.29 million tobacco settlement asset-backed bonds; negotiated; Citigroup Global Markets (lead); maturity of May 15, 2058; proceeds to pay for government operating expenses and to fund grants.

• $157.912 million series 2008A

• $47.378 million series 2008B

DOCTORS COMMUNITY HOSPITAL/MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY: $59.17 million series 2008 hospital revenue bonds (Baa2); negotiated; UBS Securities; proceeds finance a planned new private bed, six-story patient tower and other capital expenses.

DYNAMIC FUELS LLC/LOUSIANA STATE BOND COMMISSION: $100 million Gulf Opportunity Zone bonds; proceeds to fund the company's first renewable synthetic fuels facility in Geismar, La.

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 DEPARTMENT OF ENVIRONMENTAL PROTECTION: $168 million series 2008B Florida Forever revenue bonds (A1//); competitive; 18-hour notice.

HARRIS COUNTY, TEXAS: $77.16 million series 2008A toll road unlimited tax and subordinate-lien revenue refunding bonds; negotiated; Piper Jaffray (lead); Citigroup Global Markets, Depfa First Albany, Loop Capital Markets, Goldman, Sachs & Co., JPMorgan, Siebert Brandford Shank & Co. (co-managers); proceeds to refund outstanding series 2003 toll road unlimited tax and subordinate-lien revenue bonds and purchase one or more bond insurance policies.

HOUSTON COMMUNITY COLLEGE SYSTEM (TEXAS): $56.355 million series 2008 senior-lien student fee revenue bonds; negotiated; Siebert Brandford Shank & Co. (lead); maturities from 2009 through 2030; proceeds to acquire facilities currently leased by the system, pay for the construction and renovation of the Southeast Workforce Building, renovate other college facilities and provide funds sufficient to capitalize on one year's interest payment.

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.

ILLINOIS FINANCE AUTHORITY: $380 million series 2008 revenue bonds (/A-/AA-); negotiated; Goldman, Sachs & Co. and Morgan Stanley (lead); Loop Capital Markets and Cabrera Capital Markets; series 2008A bonds due 2033 and 2047; series 2008B bonds due 2015 to 2023 with term bonds due 2028 and 2039; proceeds to construct a new children's hospital, refund existing bonds and make deposit to a debt service reserve fund.

• $210 million series 2008A

• $170 million series 2008B

ILLINOIS FINANCE AUTHORITY/NORTHWEST COMMUNITY HOSPITAL: $154.1 million series 2008A revenue bonds (Aa3/AA-/); negotiated; Goldman, Sachs & Co. (lead); serial maturities from 2010 through 2019 and terms due 2023, 2033 and 2038; proceeds to pay or reimburse the hospital for costs of acquiring, constructing, renovating and equipping health facilities.

INDIANA FINANCE AUTHORITY/SISTERS OF ST. FRANCIS HEALTH SERVICES: $288.51 million series 2008C revenue refunding bonds (Aa3//AA); negotiated; Citigroup Global Markets (lead); serial maturities from 2009 through 2028 and terms due 2033 and 2036; proceeds to refund the series 2006A and series 2006B revenue refunding bonds.

INDUSTRIAL DEVELOPMENT BOARD OF MOBILE (ALABAMA): $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

KENMORE MUNICIPAL HOUSING AUTHORITY: $74.2 million series 2008A student housing revenue bonds (//BBB+); negotiated; RBC Capital Markets; bonds due July 1, 2039; proceeds for renovation and conversion of multifamily housing project into student housing for colleges and universities in Buffalo, N.Y.

KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY/LOUISVILLE ARENA AUTHORITY: $343.767 million revenue bonds; negotiated; Goldman, Sachs & Co. (lead); proceeds to develop and construct the arena for the University of Louisville men's and women's basketball programs.

• $284.435 million subseries 2008A1 fixed-rate bonds

• $29.332 million subseries 2008A2 capital appreciation bonds

• $15.5 million series 2008B fixed-rate bonds

• $14.4 million subordinate series 2008C fixed-rate bonds

LIFE UNIVERSITY/DEVELOPMENT AUTHORITY OF THE CITY OF MARIETTA (GEORGIA): $70.04 million university facilities and refunding bonds; negotiated; Citigroup Global Markets; terms due 2018, 2028 and 2039; proceeds to refund the outstanding $9.555 million from series 1995A refunding first mortgage revenue bonds and the outstanding $17.15 million from series 1995B first mortgage revenue bonds and finance construction and renovation projects for the university, including a 300-bed student housing facility and a 600-space parking deck.

LOYOLA UNIVERSITY/ILLINOIS FINANCE AUTHORITY: $95 million bonds

LUCILE SALTER PACKARD CHILDREN'S HOSPITAL AT STANFORD/CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY: $93.495 million variable-rate refunding revenue bonds; negotiated; Morgan Stanley (lead of 2008B and 2008C bonds) and Goldman, Sachs & Co. (lead of 2008A bonds); proceeds to refund series 2003A and 2003B revenue bonds and repay a bank loan used in July to retire the $32.4 million outstanding from series 1993 certificates of participation.

• $30.355 million series 2008A

• $30.355 million series 2008B

• $32.785 million series 2008C

MARION COUNTY CONVENTION AND RECREATIONAL FACILITIES AUTHORITY (INDIANA): $155.965 million series 2008 adjustable rate excise taxes lease rental revenue refunding subordinate bonds (Aaa/AAA/); negotiated; RBC Capital Markets (lead); due June 1, 2027; proceeds to refund a portion of the series 1997A revenue subordinate bonds that mature June 1, 2022 and June 1, 2027.

MESA UNIFIED SCHOOL DISTRICT NO. 4 (MARICOPA COUNTY, ARIZ.): $50 million school improvement bonds (Aa3/AA-/); negotiated; RBC Capital Markets (lead); series 2008C bonds due 2009 and 2013 through 2017; proceeds for school improvements and bus purchases.

METHODIST HOSPITAL (TEXAS): $350 million debt securities; negotiated; J.P. Morgan Securities (lead).

MICROGY HOLDINGS/CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY: $85 million series 2008 environmental facilities revenue bonds; negotiated; Ziegler Capital Markets; due Dec. 1, 2038; proceeds to construct and equip the company's California solid waste disposal facilities, which will create renewable natural gas from cow manure.

MOHEGAN TRIBE OF INDIANS OF CONNECTICUT: $51.46 million series 2008 gaming authority priority distribution payment public improvement bonds; negotiated; Citigroup Global Markets (lead); Banc of America Securities, Calyon, Wells Fargo Brokerage Services (co-managers); bonds due Jan. 1, 2038; proceeds for construction of community and government center for tribal government departments and for debt service reserve fund.

NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY: $63 million debt securities; negotiated; Siebert Brandford Shank (lead).

NEW JERSEY TURNPIKE AUTHORITY: $325 million series 2008 subordinated turnpike revenue notes (MIG1); competitive; proceeds replace $175 million in XL-insured series 2003D auction-rate bonds.

NEW YORK STATE URBAN DEVELOPMENT CORP.: $124.13 million series 2008C service contract revenue refunding bonds (/AA-/A+); negotiated; Goldman, Sachs & Co. (lead); J.P. Morgan; Ramirez & Co.; Banc of America Securities; Citigroup Global Markets; Lehman Brothers; Merrill Lynch; Morgan Stanley; Depfa First Albany Securities; KeyBanc Capital Markets; Loop Capital Markets; M.R. Beal & Co.; Prager, Sealy & Co.; Raymond James & Associates; RBC Capital Markets; Roosevelt & Cross; Siebert Brandford Shank & Co.; and Wachovia Bank (co-managers); bonds due 2017 to 2030; proceeds to refund outstanding series 2002B-1 bonds.

OREGON DEPARTMENT OF ADMINISTRATIVE SERVICES: $60.155 million state lottery revenue bonds; negotiated; Citigroup Global Markets (lead); proceeds to make grants for and pay a portion of the costs of the projects, including the creation through construction and acquisition of 150 units for housing for the homeless; the cost to build digital transmission facilities for Oregon Public Broadcasting; a study and engineering work to widen and deepen the shipping channel at the Port of Coos Bay and deferred building maintenance on seven Oregon University campuses.

• $46.12 million series 2008A

• $14.035 million series 2008B

PORT OF SEATTLE: $379.716 million customer facility charge revenue bonds (A2/A-/); negotiated; Lehman Brothers; proceeds to pay a portion of the development costs for a consolidated rental car facility and a bus maintenance facility and to make a deposit to the RCF Account.

• $19.415 million series 2008A current interest bonds due Dec. 1, 2023

• $286.775 million series 2008B-1 current interest taxable bonds due 2011 to 2021 and a term due 2027

• $73.526 million series 2008B-2 taxable capital appreciation bonds due 2027 to 2040

REDLANDS UNIFIED SCHOOL DISTRICT (CALIFORNIA): $50 million general obligation bonds; negotiated; Piper Jaffray (lead).

RENTECH: $175 million tax-exempt GO ZONE bonds; proceeds for a planned synthetic fuels and chemicals facility near Natchez, Miss.; pricing authorization until 2010.

RICHARD STOCKTON COLLEGE OF NEW JERSEY/NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY: $135.68 million series 2008A revenue bonds; negotiated; Morgan Stanley (lead); serial maturities from 2011 through 2018 and terms due 2028, 2033 and 2038; proceeds to finance construction and equipment for campus facilities and refund all outstanding series 2005C revenue bonds.

ROCKWALL INDEPENDENT SCHOOL DISTRICT (TEXAS): $90 million series 2008 unlimited tax school building bonds; negotiated; Southwest Securities (lead); Citigroup Global Markets, First Southwest Co., Morgan Keegan and Morgan Stanley (co-managers); current interest bonds due 2032 to 2034; premium capital appreciation bonds due 2014 to 2032; proceeds for construction, equipment and acquisition of new school buildings in district.

• $67.25 million current interest bonds

• $22.75 million premium capital appreciation bonds

ROSS COUNTY/ADENA HEALTH SYSTEM (OHIO): $138.35 million series 2008 revenue refunding bonds (/A/); negotiated; Cain Brothers; serial maturities from 2009 through 2018 and terms due 2028 and 2038; proceeds to fund a termination payment for qualified hedges and refund the series 2001 refunding and improvement bonds and series 2006 revenue refunding and improvement bonds.

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.

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.

TENNESSEE HOUSING DEVELOPMENT AGENCY: $50 million series 2008A homeownership program bonds; negotiated; Merrill Lynch and Morgan Keegan (lead); 2008A2 bonds due 2010 to 2018 with term bonds due 2022 and 2027; 2008B2 bonds due 2013 and 2027; proceeds for agency's loan fund and deposit to a debt service reserve fund.

• $44.325 million series 2008A2

• $5.675 million series 2008B2

UNO CHARTER SCHOOL NETWORK/ILLINOIS FINANCE AUTHORITY: $80 million bonds.

VENTURA COUNTY (CALIFORNIA): $155 million series 2008/2009 tax and revenue anticipation notes; negotiated; Merrill Lynch & Co.; due July 1, 2009; proceeds for fiscal year 2008/2009 expenses.

WEST PALM BEACH (FLORIDA): $100.385 million series 2008C utility system variable-rate revenue bonds; negotiated; Citigroup Global Markets; due Oct. 1, 2038; proceeds to repair and upgrade the water system.

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