Municipals Calendar: New Jersey Turnpike sets $1.5 billion deal

WEEK OF DECEMBER 6

BALTIMORE CITY BOARD OF SCHOOL COMMISSIONERS (MARYLAND): $60.825 million series 2010 city schools qualified school construction revenue bonds (Aa1/AA+/); negotiated; Barclays Capital Inc. (lead); Loop Capital Markets LLC, Morgan Keegan & Co. Inc. and Siebert Brandford Shank & Co. LLC (co-managers); bonds due Dec. 15, 2025; proceeds to construct, repair and rehabilitate school facilities, as well as acquire land for new school construction; pricing week of Dec. 6.

BERKSHIRE WIND POWER COOPERATIVE CORP.: (MASSACHUSETTS): $66.36 million series 1 wind power revenue bonds; BMO Capital Markets and Morgan Stanley & Co. Inc. (lead); proceeds to refund series 2009 bonds issued to construct the Berkshire Wind project, a 15 MW wind power generating facility on Brodie Mountain in Hancock, Mass., and Lanesborough, Mass; pricing week of Dec. 6.

• $55.035 million series 1-A Build America Bonds

• $11.325 million series 1-B tax-exempt bonds

MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY/CHARLESTOWN COMMUNITY INC.: $123.275 million series 2010 revenue bonds (//A); negotiated; Ziegler Capital Markets Inc. (lead); RBC Capital Markets Corp. and M&T Securities Inc. (co-managers); bonds due 2012 to 2022 with term bonds due 2030, 2040 and 2045; proceeds to expand, equip and renovate apartments and facilities for Charlestown Community's retirement communities in Baltimore; pricing week of Dec. 6.

MASSACHUSETTS STATE COLLEGE BUILDING AUTHORITY: $85 million series 2010 project and refunding revenue bonds; negotiated; Jefferies & Co. (lead); Barclays Capital Inc., J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Ramirez & Co. Inc., Raymond James & Associates Inc. and Bank of America Merrill Lynch (co-managers); proceeds to finance capital improvements to the commonwealth's public higher education facilities, as well as refund its series 2003A, 2004A and 2009A bonds; pricing week of Dec. 6.

• $10 million series 2010A project revenue bonds

• $50 million series 2010B Build America Bonds

• $25 million series 2010C refunding bonds

MICHIGAN FINANCE AUTHORITY: $535 million series 2010 school loan revolving fund revenue and refunding bonds; negotiated; Bank of America Merrill Lynch (lead); BMO Capital Markets Inc. and PNC Capital Markets LLC (co-managers); bonds due Sept. 1, 2050; proceeds to make loans to local school districts for capital improvements and refund debt; pricing week of Dec. 6.

• $150 million series 2010A weekly rate bonds

• $150 million series 2010B weekly rate bonds

• $150 million series 2010C weekly rate bonds

• $85 million series 2010D fixed-rate bonds

MICHIGAN FINANCE AUTHORITY: $100 million series 2010E local government program revenue bonds (A1/AA-/); negotiated; Siebert Brandford Shank & Co. LLC (lead); Bank of America Merrill Lynch, J.P. Morgan Securities LLC and Morgan Stanley & Co. Inc. (co-managers); proceeds to fund a loan to the City of Detroit for public safety upgrades, public lighting improvements and the rehabilitation of cultural facilities, zoos, libraries, museums and recreational facilities; pricing week of Dec. 6.

NEVADA: $233.595 million series 2010 general obligation bonds; negotiated; Barclays Capital Inc. and Morgan Stanley & Co. Inc. (lead for 2010C-F bonds); Bank of America Merrill Lynch (lead for 2010G-I bonds); 2010C bonds due 2013 to 2029; 2010D bonds due 2015 to 2038; 2010E bonds due 2014 to 2021; 2010F bonds due 2014 to 2023; 2010G bonds due 2011 to 2020; 2010H bonds due 2011 to 2020; 2010I bonds due 2011 to 2025; proceeds to finance capital improvements and refund debt; pricing week of Dec. 6.

• $115.13 million series 2010C G.O. capital improvement and refunding bonds

• $19.8 million series 2010D G.O. natural resources and refunding bonds

• $34.325 million series 2010E open space, parks and cultural resources refunding bonds

• $19.83 million series 2010F G.O. open space, parks and cultural resources refunding bonds

• $4.345 million series 2010G G.O. water pollution control revolving fund matching and refunding bonds

• $34.325 million series 2010H G.O. water pollution control revolving fund leveraged refunding bonds

• $5.84 million series 2010I G.O. safe drinking water pollution control revolving fund matching and refunding bonds

NEW MEXICO EDUCATIONAL ASSISTANCE FOUNDATION (DBA NEW MEXICO STUDENT LOANS): $168.9 million series 2010 education loan bonds (/AAA/AAA); negotiated; Bank of America Merrill Lynch and RBC Capital Markets Corp. (lead); 2010-2-A1 bonds due Dec. 1, 2020; 2010-2-A2 bonds due Dec. 1, 2038; proceeds to finance student loans; pricing week of Dec. 6.

• $81.2 million series 2010-2-A1tax-exempt non-AMT Libor floating-rate bonds

• $87.7 million series 2010-2-A2 tax-exempt non-AMT Libor floating-rate bonds

OHIO: $230 million series 2010 major new state infrastructure project revenue bonds (Aa1/AA/AA-); negotiated; Goldman, Sachs & Co. (lead); Fifth Thirds Securities Inc., Loop Capital Markets LLC, Bank of America Merrill Lynch, The Huntington Investment Co., J.P. Morgan Securities LLC, PNC Capital Markets LLC and The Williams Capital Group LP (co-managers); bonds due 2011 to 2020; proceeds to replace bridges, restore and rehabilitate interstates and local road and construct new roads; pricing week of Dec. 6.

ORANGE COUNTY LOCAL TRANSPORTATION AUTHORITY: $348.9 million series 2010 Measure M2 sales tax revenue bonds; negotiated; Bank of America Merrill Lynch (lead); Barclays Capital Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, Citigroup Global Markets Inc., De La Rosa & Co. Inc., Jefferies & Co., Loop Capital Markets LLC, Morgan Stanley & Co. Inc., RBC Capital Markets Corp., Siebert Brandford Shank & Co. LLC and Stone & Youngberg; proceeds to finance capital improvements and retire existing commercial paper; pricing week of Dec. 6.

• $298.365 million series 2010A Build America Bonds

• $50.535 million series 2010B tax-exempt bonds

RIVERSIDE (CALIFORNIA): $140 million series 2010 electric revenue bonds (/AA-/AA-); negotiated; Bank of America Merrill Lynch (lead); proceeds to construct improvements to city's electric power generation system; pricing week of Dec. 6.

SAN ANTONIO (TEXAS): $101.835 million series 2010 airport system revenue and refunding bonds (Aa3/AA+/); negotiated; J.P. Morgan Securities LLC and Siebert Brandford Shank & Co. LLC (lead); Morgan Keegan & Co. Inc., FirstSouthwest Co. and Ramirez & Co. Inc. (co-managers); 2010A bonds due 2014 to 2040; 2010B bonds due 2012 to 2018; 2010C bonds due 2011 to 2040; proceeds to expand, construct and repair San Antonio International Airport, as well as make other improvements to the airport facilities and refund existing debt; pricing week of Dec. 6.

• $41.155 million series 2010A improvement and refunding bonds

• $22.535 million series 2010B taxable revenue refunding bonds

• $38.145 million series 2010C subordinate improvement and refunding bonds

SOUTH CAROLINA PUBLIC SERVICE AUTHORITY/SANTEE COOPER: $300 million series 2010C revenue obligations; negotiated; Citigroup Global Markets Inc. and Goldman, Sachs & Co. (lead); Bank of America Merrill Lynch and Morgan Stanley & Co. Inc. (co-managers); bonds due Jan. 1, 2050; proceeds to fund a portion of authority's ongoing capital program; pricing week of Dec. 6.

UNIVERSITY OF MISSOURI SYSTEM: $265 million series 2010A taxable system facilities revenue bonds (Aa1/AA+/); negotiated; Bank of America Merrill Lynch and Morgan Stanley & Co. Inc. (lead); proceeds to upgrade university's power system, renovate academic buildings and student housing, update university health system facilities and make other campus improvements; pricing week of Dec. 6.

UPLAND (CALIFORNIA)/SAN ANTONIO COMMUNITY HOSPITAL: $135 million series 2010 certificates of participation (/A/); negotiated; Bank of America Merrill Lynch and Morgan Stanley & Co. Inc. (lead); proceeds to reimburse the hospital for the construction, equipment, acquisition and renovation of hospital facilities, as well as to prepay existing debt; pricing week of Dec. 6.

DECEMBER 8

NEW JERSEY TURNPIKE AUTHORITY: $1.5 billion series 2010A turnpike revenue Build America Bonds; negotiated; Goldman, Sachs & Co. and Citigroup Global Markets Inc. (lead); Bank of America Merrill Lynch, Barclays Capital Inc., Loop Capital Markets LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. Inc., Ramirez & Co. Inc., RBC Capital Markets Corp. and Wells Fargo Securities LLC (co-managers); proceeds to pay for construction projects as part of authority's 10-year capital improvement plan; pricing Dec. 8.

PUBLIC UTILITIES COMMISSION OF THE CITY AND COUNTY OF SAN FRANCISCO: $523.535 million series 2010FG water revenue bonds (Aa2/AA-/); competitive; Backstrom McCarley Berry & Co. LLC (financial adviser); proceeds to construct, acquire and equip improvements to the city and county water system; pricing Dec. 8

DECEMBER 9

NEW YORK LIBERTY DEVELOPMENT CORP.: $1,308,165,000 series 2010 liberty revenue bonds; negotiated; Goldman, Sachs & Co. and J.P. Morgan Securities LLC (lead); bonds due Dec. 15, 2050; proceeds to reconstruct Tower 4 of the World Trade Center; pricing Dec. 9.

UNIVERSITY SYSTEM OF MARYLAND: $115 million series 2010D-E auxiliary facility and tuition revenue bonds (Aa1/AA+/AA+); competitive; Public Financial Management Inc. (financial adviser); 2010D bonds due 2012 to 2018; 2010E bonds due 2019 to 2030; proceeds to finance improvements to the university's dental school, journalism school, physical education center, fine and performing arts hall, pharmacy hall, resident halls and student centers; pricing Dec. 9.

WEEK OF DECEMBER 13

DECEMBER 15

NEW YORK CITY: $1.175 billion series 2011 general obligation bonds; negotiated/competitive; J.P. Morgan Securities LLC (lead for 2011F-1, 2011G and 2011H); Bank of America Merrill Lynch; Citigroup Global Markets Inc.; Morgan Stanley & Co. Inc.; Siebert Brandford Shank & Co. LLC; Barclays Capital Inc.; M.R. Beal & Co. Inc.; Fidelity Capital Markets Inc.; Goldman, Sachs & Co.; Jefferies & Co.; Loop Capital Markets LLC; Ramirez & Co. Inc.; Rice Financial Products Co.; Roosevelt & Cross Inc.; Southwest Securities Inc.; Wells Fargo Securities LLC; Cabrera Capital Markets LLC; Lebenthal & Co. LLC; Raymond James & Associates Inc.; Jackson Securities Inc.; MFR Securities Inc.; RBC Capital Markets Corp.; Janney Montgomery Scott LLC; Morgan Keegan & Co. Inc.; and TD Securities Inc. (co-managers for 2011F-1, 2011G and 2011H); Public Resources Advisory Group (financial adviser for 2011F-2 bonds); 2011F bonds due 2012 to 2026 with term bonds; 2011G and 2011H bonds due 2011 to 2021; proceeds to fund capital expenses; pricing Dec. 15.

• $745 million series 2011F-1 Build America Bonds (negotiated)

• $130 million series 2011F-2 taxable bonds (competitive)

• $245 million series 2011G tax-exempt bonds (negotiated)

• $55 million series 2011H tax-exempt bonds (negotiated)

ON THE HORIZON

ALABAMA STATE PORT AUTHORITY: $109.59 million series 2010 docks facilities revenue bonds (/BBB+/BBB+); negotiated; Citigroup Global Markets Inc. (lead); Gardnyr Michael Capital Inc. and Securities Capital Corp. (co-managers); proceeds to refund authority's series 2008B and 2009A bonds.

ATLANTA: $504.915 million series 2010C airport general revenue refunding bonds; negotiated; Citigroup Global Markets Inc. and Loop Capital Markets LLC (lead); Barclays Capital Inc., Blaylock Robert Van LLC, Cabrera Capital Markets LLC, Rice Financial Products Co. and SunTrust Robinson Humphrey (co-managers); bonds due 2012 to 2025 with term bond due 2030; proceeds to refund series 2003RF/B-C bonds issued for airport improvements as well as terminate a swap agreement related to the bonds.

DEVELOPMENT AUTHORITY OF FULTON COUNTY/GEORGIA TECH ATHLETIC ASSOCIATION (GEORGIA): $89.42 million series 2010 revenue bonds (A1//A+); negotiated; Bank of America Merrill Lynch (lead); bonds due 2011 to 2030 with term bonds due 2035 and 2040; proceeds to finance improvements to Georgia Tech facilities, including renovations to its basketball arena, construction of an indoor football practice facility and other improvements, as well as refund association's series 2008A bonds.

ENERGY NORTHWEST (WASHINGTON): $155 million series 2010D Columbia Generating Station electric revenue bonds; negotiated; Citigroup Global Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, Bank of America Merrill Lynch and Prager, Sealy & Co. LLC (underwriters); bonds due July 1, 2024; proceeds to finance capital improvements at the Columbia Generating Station, including fuel for the station's reactor, computer upgrades, the replacement of various equipment and infrastructure and the construction of motors, valves, piping and pumps.

GREATER ORLANDO AVIATION AUTHORITY (FLORIDA): $90 million series 2010 airport facilities refunding revenue bonds (Aa3/A+/AA-); negotiated; Loop Capital Markets LLC (lead); Bank of America Merrill Lynch, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC (co-managers); 2010C bonds due 2019 to 2028; 2010D bonds due 2011 to 2018; proceeds to refund authority's series 1999A-B bonds.

• $75 million series 2010C AMT bonds

• $15 million series 2010D non-AMT bonds

HARRIS COUNTY INDUSTRIAL DEVELOPMENT CORP./DEER PARK REFINANCING LPP (TEXAS): $125 million series 2010 revenue bonds (A2/A/); negotiated; J.P. Morgan Securities LLC (lead); Citigroup Global Markets Inc. and Mitsubishi UFJ Securities (co-managers); Dec. 1, 2020; proceeds to purchase equipment to recover flare gas and finance capital projects to reduce flare at the refinery's Houston facility.

HOSPITAL AUTHORITY OF VIGO COUNTY/UNION HOSPITAL INC. (INDIANA): $54.52 million series 2011 hospital revenue bonds; negotiated; Raymond James & Associates Inc. (lead); proceeds to renovate and expand hospital's West Building and refund existing debt.

IMPERIAL IRRIGATION DISTRICT (CALIFORNIA): $250 million series 2010B Build America Bonds electric system revenue certificates of participation (A1/AA-/); negotiated; Citigroup Global Markets Inc. and Goldman, Sachs & Co. (lead); Barclays Capital Inc. and De La Rosa & Co. (co-managers); certificates due 2018 to 2040; proceeds to finance the El Centro Unit 3 Repower Project, which will provide an additional 100 megawatts of generation capacity to the El Centro Generating Station.

INDUSTRIAL DEVELOPMENT CORP. OF THE PORT OF BELLINGHAM (WASHINGTON)/BP WEST COAST LLC: $111 million series 2010 environmental facilities industrial revenue bonds; negotiated; Goldman, Sachs & Co.; proceeds to construct sewage treatment and solid waste disposal facilities at BP's Cherry Point Refinery in Whatcom County, Wash.

LOS ANGELES UNIFIED SCHOOL DISTRICT (CALIFORNIA): $83.65 million series 2010 certificates of participation (A1/A+/); negotiated; De La Rosa & Co. and Barclays Capital Inc. (lead); proceeds to improve existing school facilities and construct new schools in the district.

• $21.56 million series 2010B-1 Build America Bonds

• $62.09 million series 2010B-2 tax-exempt COPs

MAINE STATE HOUSING AUTHORITY: $65.975 million series 2010D mortgage purchase bonds; negotiated; Citigroup Global Markets Inc. and J.P. Morgan Securities LLC (lead); Bank of America Merrill Lynch, Morgan Stanley & Co. Inc. and RBC Capital Markets Corp. (co-managers); 2010D-1 bonds due 2012 to 2020 with term bonds due 2025 and 2029; 2010D-2 bonds due 2012 to 2019 with term bonds due 2035 and 2040; proceeds to purchase single- and multi-family housing mortgages for the authority's portfolio.

• $34.75 million series 2010D-1

• $31.225 million series 2010D-2

MANATEE COUNTY (FLORIDA): $83.205 million series 2010 public utilities revenue bonds; negotiated; Citigroup Global Markets Inc. (lead); Morgan Keegan & Co. Inc. and Wells Fargo Securities LLC (co-managers); proceeds to finance additions, replacements and upgrades to county's water and wastewater system and refund county's series 2003 public utilities improvement and refunding bonds.

• $10.6 million series 2010A utilities improvement Build America Bonds

• $45.085 million series 2010B recovery zone economic development bonds

• $21.915 million series 2010C refunding and improvement bonds

• $5.605 million series 2010D taxable improvement bonds

MASSACHUSETTS: $576.27 million series 2010A commonwealth transportation revenue recovery zone economic development bonds (Aaa/AAA/); negotiated; J.P. Morgan Securities LLC (lead); Barclays Capital Inc., Bank of America Merrill Lynch, Citigroup Global Markets Inc., Jefferies & Co., Morgan Stanley & Co. Inc. and Ramirez & Co. Inc. (co-managers); bonds due 2024 to 2025 with term bonds due 2030 and 2040; proceeds to finance bridge improvements.

METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY (TENNESSEE): $352.48 million series 2010 water and sewer revenue bonds (Aa3/AA-/); negotiated; Morgan Stanley & Co. Inc. (lead); Jefferies & Co., Mesirow Financial Inc., Morgan Keegan & Co. Inc., Fifth Third Securities Inc., Loop Capital Markets LLC, Stephens Inc. and Wiley Bros. - Aintree Capital LLC; proceeds to finance upgrades to city's water and sewer system and refund its commercial paper bond anticipation notes and other debt.

• $109.53 million series 2010A refunding bonds

• $160 million series 2010B Build America Bonds

• $75 million series 2010C recovery zone economic development bonds

• $7.95 million series 2010D federally taxable refunding bonds

METROPOLITAN WATER RECLAMATION DISTRICT OF GREATER CHICAGO (ILLINOIS): $500 million series 2010 general obligation capital improvement bonds (Aaa/AAA/AAA); negotiated; J.P. Morgan Securities LLC and Citigroup Global Markets Inc. (lead); Bank of America Merrill Lynch, Barclays Capital Inc., Duncan-Williams Inc., Loop Capital Markets LLC, Ramirez & Co. Inc., Siebert Brandford Shank & Co. LLC and William Blair & Co. Inc. (co-managers); 2010A bonds due 2012 to 2014; 2010B bonds due 2015 to 2018; 2010C bonds due 2019 to 2025 with a term bond due 2032; proceeds to construct, remodel, rehabilitate and repair water facilities, flood protection controls and pollution measures.

• $30 million series 2010A taxable bonds

• $70 million series 2010B tax-exempt bonds

• $400 million series 2010C Build America Bonds

NEW YORK LIBERTY DEVELOPMENT CORP.: $1,285,335,000 series 2010 World Trade Center multimodal revenue bonds; negotiated; Goldman, Sachs & Co. (lead); bonds due Dec. 1, 2049; proceeds to reconstruct World Trade Center towers.

• $1,218,595,000 series 2010A-1 3 World Trade Center project bonds

• $6.74 million series 2010A-2 3 World Trade Center project bonds

• $59.4 million series 2010C World Trade Center project bonds

• $600,000 series 2010D World Trade Center project bonds

PENNSYLVANIA HOUSING FINANCE AGENCY: $82.75 million series 2010-111 non-AMT single family mortgage revenue bonds; negotiated; Barclays Capital Inc. (lead); bonds due Sept. 22, 2011; proceeds to finance mortgage loans.

SAN MARCO REDEVELOPMENT AGENCY (CALIFORNIA): $51.7 million series 2010 housing set-aside tax allocation bonds (/AA-/); negotiated; Piper Jaffray & Co. (lead); proceeds to finance improvements to low- to moderate-income housing projects in the San Marcos area, including improvements to existing housing facilities and the construction of new housing projects and to refund agency's series 1997A and 2008A bonds.

SCHOOL DISTRICT OF PHILADELPHIA: $300 million series 2010 general obligation refunding bonds; negotiated; Barclays Capital Inc. and Wells Fargo Securities LLC (lead); 2010F bonds due Sept. 1, 2030; 2010G bonds due Sept. 1, 2030; proceeds to refund district's series 2008A-B bonds and terminate a swap agreement connected to the bonds.

• $150 million series 2010F bonds

• $150 million series 2010G bonds

SOLID WASTE AUTHORITY OF PALM BEACH COUNTY (FLORIDA): $750 million series 2010 improvement revenue bonds; negotiated; Citigroup Global Markets Inc. (lead); bonds due Oct. 1, 2031; proceeds to construct, equip, procure and install a waste-to-energy facility.

SPECIAL CARE FACILITIES FINANCING AUTHORITY OF THE CITY OF PELL/NOLAND HEALTH SERVICES INC. (ALABAMA): $92.98 million series 2010A revenue bonds (/A-/); negotiated; RBC Capital Markets Corp. (lead); bonds due 2011 to 2020 with term bonds due 2025, 2030 and 2039; proceeds to finance capital improvements to Noland Health facilities, as well as advanced refund authority's series 2007A and refund its series 2009A bonds.

TOHOPEKALIGA WATER AUTHORITY (FLORIDA): $99.58 million series 2010A utility system revenue refunding bonds (Aa3/AA+/); negotiated; FirstSouthwest Co. (lead); proceeds to refund authority's series 2007 bonds and terminate a swap agreement connected to those bonds.

WACO EDUCATION FINANCE CORP./BAYLOR UNIVERSITY (TEXAS): $103.85 million series 2010 tax-exempt revenue and refunding bonds (/AA-/AA-); negotiated; Barclays Capital Inc. and Bank of America Merrill Lynch (lead); bonds due 2011 to 2025 with term bonds due 2032 and 2040; proceeds to finance construction of a new athletic-academic complex on Baylor campus, acquire real property for university, refund university's series 2008B bonds and refinance series A commercial paper.

WISCONSIN HOUSING AND ECONOMIC DEVELOPMENT AUTHORITY: $63.91 million series 2010 housing revenue bonds; negotiated; Bank of America Merrill Lynch (lead); J.P. Morgan Securities LLC and RBC Capital Markets Corp. (co-managers); 2010A bonds due 2011 to 2021 with term bonds due 2025, 2030, 2035 and 2043; 2010B bonds due 2011 to 2021 with term bonds due 2025 and 2032; 2010C bonds due 2015, 2020 and 2027; proceeds to fund mortgage loans secured by multifamily housing projects.

• $39.53 million series 2010A non-AMT bonds

• $21.33 million series 2010B AMT bonds

• $3.05 million series 2010C taxable bonds

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