Municipals Calendar: L.A. Community College to price $621.42 million

WEEK OF SEPTEMBER 8

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; pricing week of Sept. 8.

• $44.325 million series 2008A2

• $5.675 million series 2008B2

SEPTEMBER 9

ARIZONA TRANSPORTATION BOARD: $176.32 million series 2008B highway revenue bonds (Aa1/AAA/); Citigroup Global Markets (lead); serial maturities from 2023 through 2033; proceeds to finance portions of the board's five-year capital program; pricing Sept. 9.

FLORIDA HOUSING FINANCE CORP.: $100 million series 2008-3 homeowner mortgage revenue bonds; negotiated; Citigroup Global Markets (lead); JPMorgan and RBC Capital Markets (co-managers); bonds due 2010 to 2018 with term bonds due 2023, 2028, 2033, 2039 and 2039; proceeds for purchase of mortgage loans; pricing Sept. 9.

KENTUCKY HOUSING CORP.: $60 million series 2008E and series 2008F revenue bonds; negotiated; Merrill Lynch & Co. and Citigroup Global markets (lead); J.J.B. Hilliard, W.L. Lyons, NatCity Investments, Morgan Keegan, Wachovia Bank, JPMorgan, Edward D. Jones, First Kentucky Securities and Ross, Sinclaire & Associates (co-managers); series 2008E bonds due 2010 to 2018 with term bonds due 2023, 2028, 2033 and 2038; series 2008F bonds due 2037; proceeds to purchase mortgage loans and for deposit to debt service reserve fund; pricing Sept. 9.

• $50 million series 2008E non-AMT bonds

• $10 million series 2008F AMT bonds

LOS ANGELES COMMUNITY COLLEGE DISTRICT (CALIFORNIA): $621.415 million general obligation bonds (Aa2/AA/); negotiated; Citigroup Global Markets and Goldman, Sachs & Co. (lead); Backstrom McCarley Berry & Co., Banc of America Securities, De La Rosa & Co., Morgan Stanley, Ramirez & Co. and Siebert Brandford Shank & Co. (co-managers); proceeds for construction, equipment, acquisition and furnishing of district facilities; pricing Sept. 9.

• $276.5 million series 2008E-1

• $344.915 million series 2008F-1

MISSISSIPPI: $230.145 million general obligation bonds (Aa3/AA/AA); competitive; Butler, Snow, O'Mara, Stevens & Cannada PLLC (bond counsel); proceeds for projects that include community preservation, water conservation, fire truck acquisitions, water pollution control, shipyard improvements, railroad improvements, a children's museum and a wireless communications system; pricing Sept. 9.

• $133.545 million series 2008A bonds due from 2009 to 2028

• $96.6 million taxable series 2008B bonds due from 2009 to 2023

NORTH TEXAS TOLLWAY AUTHORITY: $609,037,451 series 2008 system revenue refunding bonds; negotiated; Citigroup Global Markets and Lehman Brothers (lead); Estrada Hinojosa, First Southwest, Morgan Keegan, M.R. Beal & Co., Southwest Securities and Wachovia Bank (co-managers); 2008H bonds due 2043, 2008I bonds due 2042 and 2043, and 2008J bonds due 2039 through 2042; proceeds for construction of State Highway 121 project; pricing Sept. 9.

• $359.04 million series 2008H first-tier put bonds

• $199,997,758 series 2008I first-tier convertible capital appreciation bonds

• $49,999,692 series 2008J first-tier capital appreciation bonds

SEPTEMBER 10

GRAND RIVER DAM AUTHORITY (OKLAHOMA): $562.905 million series 2008 revenue bonds (MIG 1//A); negotiated; Citigroup Global Markets (lead); proceeds to purchase undivided interest in Redbud gas-fired, combined-cycle power generation facility; pricing Sept. 10.

• $525.095 million series 2008A

• $37.81 million series 2008B

LOS ANGELES COUNTY MUSEUM OF ART: $385 million series 2008 refunding revenue bonds (A2); negotiated; Citigroup Global Markets (lead); Stone & Youngberg (co-manager); variable-rate bonds reset weekly; proceeds to refund series 2004A, 2004B, 2004C, 2007A, 2007B, 2007C and 2007D bonds; pricing Sept. 10.

MARYLAND TRANSPORTATION AUTHORITY: $425 million series 2008 grant and revenue anticipation bonds (Aa2/AAA/AA); competitive; Public Financial Management and Davenport & Co. (financial advisers); bonds due 2009 to 2020; proceeds for construction of the Intercounty Connector, an 18-mile, six-lane toll highway to link Interstate 95 and Interstate 270; pricing Sept. 10.

NEW YORK CITY: $790 million series 2009B general obligation bonds; negotiated; Citigroup Global Markets (lead); JPMorgan, Merrill Lynch, Morgan Stanley, Banc of America, M.R. Beal & Co., Depfa First Albany, Goldman, Sachs & Co., Lehman Brothers, Loop Capital Markets, Prager, Sealy & Co., Ramirez & Co., RBC Capital Markets, Cabrera Capital Markets, Commerce Capital Markets, Wachovia Bank, Jackson Securities, Janney Montgomery Scott, Raymond James & Associates, Roosevelt & Cross and Southwest Securities (co-managers); bonds due 2010 to 2027; proceeds for general capital expenses; pricing Sept. 10.

• $700 million series 2009B-1 tax-exempt bonds

• $90 million series 2009B-2 taxable bonds

PRINCETON UNIVERSITY/NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY: $250 million series 2008J private university revenue bonds (Aaa); competitive; bonds due 2010 to 2038; proceeds for construction, renovations, maintenance and capital equipment at university; pricing Sept. 10.

SEPTEMBER 11

JEA (FLORIDA): $67 million series 2008E electric system revenue bonds (Aa3//AA-); negotiated; Citigroup Global Markets (lead); proceeds to refund outstanding debt and replace debt service reserve sureties with cash; pricing Sept. 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 15

MADISON METROPOLITAN SCHOOL DISTRICT (WISCONSIN): $64 million tax and revenue anticipation promissory notes; competitive; Hutchinson Shockey Erley & Co. (financial adviser); notes due Sept. 4, 2009; proceeds for operation of school district throughout 2008-2009 school year; pricing Sept. 15.

SEPTEMBER 16

STATE OF OHIO: $296.74 million series 2008 general obligation refunding bonds (Aa1/AA+/AA+); negotiated; Citigroup Global Markets and Wachovia Bank (lead); Butler Wick & Co., Edward Jones, Fifth Third Securities, The Huntington Investment Co., KeyBanc Capital Markets, Merrill Lynch, Rice Financial Products and Ross Sinclaire & Associates (co-managers); 2008A bonds due 2009 to 2028 and 2008B bonds due 2009 to 2014; proceeds for capital improvements; pricing Sept. 16.

• $240 million series 2008A

• $56.74 million series 2008B

SEPTEMBER 17

KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY/ASHLAND HOSPITAL/KING'S DAUGHTERS MEDICAL CENTER: $55 million series 2008C revenue bonds (A1//A+); negotiated; RBC Capital Markets; proceeds to refund the series 1993B, 2001 and 2003B auction-rate bonds; pricing Sept. 17.

SEPTEMBER 23

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

REDMOND 2J SCHOOL DISTRICT (DESHUTES COUNTY, OREGON): $110 million series 2008 general obligation bonds; negotiated; Seattle Northwest Securities Corp.; due 2034; proceeds for capital construction and improvements; pricing Sept. 23.

SEPTEMBER 30

CHEMEKETA COMMUNITY COLLEGE (OREGON): $67 million series 2008 general obligation bonds; negotiated; due 2029; proceeds for capital construction and improvements; pricing Sept. 30.

OCTOBER 1

CALIFORNIA/CALIFORNIA DEPARTMENT OF TRANSPORTATION: $143 million series 2008A federal highway grant anticipation bonds; pricing Oct. 1.

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

DEXTER COMMUNITY SCHOOLS (WISCONSIN): $61.67 million series 2008 school building and site and refunding bonds; negotiated; Stifel Nicolaus and Fifth Third Securities (lead); bonds due 2009 to 2028; proceeds for constructing and furnishing school buildings, purchasing land and refunding existing obligations; pricing in September.

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.

ORANGE COUNTY, CALIF.: $100 million series 2008-2009 tax and revenue anticipation notes (MIG 1/SP-1+/F1+); negotiated; De La Rosa & Co. (lead); notes due June 30, 2009; proceeds to fund general cash flow needs through 2008and 2009; 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

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

COLORADO HEALTH FACILITIES AUTHORITY: $140.245 million series 2008 retirement community revenue bonds; negotiated; Ziegler Capital Markets (lead); bonds due 2018 and 2043; proceeds for construction on Eagle's Trace retirement community and deposit to debt service reserve fund.

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.

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.

HEALTH AND EDUCATIONAL FACILITIES AUTHORITY OF THE STATE OF MISSOURI: $158.9 million series 2008A health facilities revenue bonds (A2//A); negotiated; Merrill Lynch and Oppenheimer & Co. (lead); proceeds to pay or reimburse costs incurred by CoxHealth, refund series 1997 and 2002 bonds, and make deposit to debt service reserve fund.

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

INDIANA BOND BANK/CITY OF CARMEL JUNIOR WATERWORKS: $81,687,342 special program bonds (/AAA/); negotiated; Oppenheimer (lead); J.J.B. Hilliard, W.L. Lyons LLC and Ross, Sinclaire & Associates (co-managers); proceeds to finance and refinance improvements to the waterworks system.

• $61.01 million series 2008B current interest bonds

• $20,677,342 series 2008B capital appreciation 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

IRVINE UNIFIED SCHOOL DISTRICT (CALIFORNA): $81.08 million series 2008 special tax bonds (A3/A/); negotiated; Banc of America Securities and Piper Jaffray (lead); bonds due 2009 to 2020; proceeds to refund outstanding obligations and make deposit to debt service reserve fund.

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.

LA JOYA INDEPENDENT SCHOOL DISTRICT (TEXAS): $94 million series 2008 unlimited tax school building bonds (Aaa/AAA/); negotiated; RBC Capital Markets (lead); JPMorgan, Estrada Hinojosa & Co., First Public, Piper Jaffray, Morgan Keegan and Southwest Securities (co-managers); bonds due 2009 to 2038; proceeds for construction and equipment of school buildings and the purchase of sites for construction.

LOS ANGELES CONVENTION AND EXHIBITION CENTER AUTHORITY: $250 million series 2008A lease revenue refunding bonds (A1/AA-/AA-); negotiated; Merrill Lynch & Co. (lead); proceeds to refund the outstanding series 2003B1, 2003B2, 2003C1, 2003C2, 2003D, 2003E and 2003F lease revenue refunding bonds on Oct. 2.

LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY: $288.3 million series 2008 sales tax revenue refunding bonds (VMIG 1/A-1+/); negotiated; De La Rosa & Co. (lead for 2008A-1 and 2008B), Goldman, Sachs & Co. (lead for 2008A-2) and Morgan Stanley (lead for 2008A-3 and 2008A-4); 2008A bonds due 2031; 2008B bonds due 2009 to 2031; proceeds to refund outstanding series 2005C-1, 2005C-2, 2005C-3 and 2005C-4 bonds.

• $65.7 million series 2008A-1

• $65.8 million series 2008A-2

• $65.75 million series 2008A-3

• $65.825 million series 2008A-4

• $25.225 million series 2008B

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.

MASSACHUSETTS EDUCATIONAL FINANCING AUTHORITY: $400 million series 2008H education loan revenue bonds; negotiated; Morgan Stanley (lead); term bonds due 2023 and 2032; proceeds to finance loans and to refund the series 2001E, 2002E, 2003E, 2004E, 2005E and 2006E education loan revenue bonds.

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).

MISSION CONSOLIDATED INDEPENDENT SCHOOL DISTRICT (TEXAS): $59 million series 2008 unlimited tax school building bonds (Aaa/AAA/); negotiated; Southwest Securities (lead); RBC Capital Markets, Estrada Hinojosa & Co., Piper Jaffray, First Public and Morgan Keegan (co-managers); bonds due 2009 to 2038; proceeds for construction and equipment of school facilities and acquisition of land.

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.

OMAHA PUBLIC POWER DISTRICT (NEBRASKA): $105 million in series 2008A electric system revenue bonds; negotiated; Wachovia Bank, N.A. (lead); proceeds to reimburse costs for capital expenditures.

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

PANHANDLE-PLAINS HGHER EDUCATION AUTHORITY (TEXAS): $200 million series 2008A1 senior series Trust I student loan revenue bonds; negotiated; Banc of America Securities LLC; serial maturities from 2011 through 2023; proceeds to refund outstanding auction-rate bonds and to purchase student loans.

PHARR-SAN JUAN-ALAMO INDEPENDENT SCHOOL DISTRICT (TEXAS): $105.8 million series 2008 unlimited tax school building bonds; negotiated; Southwest Securities (lead); Estrada Hinojosa & Co. and Samco (co-managers); bonds due 2009 to 2038; proceeds for construction and equipment of school buildings in district.

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

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.

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.

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.

VERNON (CALIFORNIA): $92 million series 2008A electric system revenue bonds (A3/A-/); negotiated; RBC Capital Markets; proceeds to finance capital improvements to the electric system.

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