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Published on 5/19/2010 in the Prospect News Municipals Daily.

Municipals Calendar: East Baton Rouge Sewerage to price $375.375 million

WEEK OF MAY 17

COLUMBUS-FRANKLIN COUNTY FINANCE AUTHORITY (OHIO): $158.065 million series 2010A taxable research development revenue bonds (/AA-/); negotiated; RBC Capital Markets Corp. (lead); bonds due 2015 to 2021 with term bond due 2027; proceeds to refinance debt; pricing week of May 17.

MASSACHUSETTS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/UMASS MEMORIAL MEDICAL CENTER INC.: $59.97 million series 2010G revenue bonds (Baa1/BBB+/); negotiated; Morgan Stanley & Co. Inc. and Bank of America Merrill Lynch (lead); bonds due 2011 to 2022; proceeds to refund debt; pricing week of May 17.

MAY 20

EAST BATON ROUGE SEWERAGE COMMISSION (LOUISIANA): $375.375 million series 2010 revenue bonds (Aa2/AA-/AA); negotiated; J.P. Morgan Securities Inc. and Citigroup Global Markets Inc. (lead); are Jackson Securities Inc.; Loop Capital Markets LLC; Morgan Keegan & Co. Inc.; Siebert Brandford Shank & Co. LLC; and Stephens Inc. (co-managers); 2010A bonds due 2011 to 2014; 2010B bonds due 2015 to 2025 with term bonds due 2030 and 2045; proceeds to improve, expand, acquire and construct improvements to the sewerage system in East Baton Rouge; pricing May 20.

• $15.52 million series 2010A tax-exempt bonds

• $359.855 million series 2010B Build America Bonds

WEEK OF MAY 24

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/CORNELL UNIVERSITY: $285 million series 2010A revenue bonds (Aa1/AA/); negotiated; Bank of America Merrill Lynch and Citigroup Global Markets Inc. (lead); M.R. Beal & Co.; Fidelity Capital Markets Services Inc.; Goldman, Sachs & Co.; Janney Montgomery Scott LLC; J.P. Morgan Securities Inc.; M&T Securities; and Morgan Stanley & Co. Inc. (co-managers); proceeds to refinance commercial paper and fund construction of medical research building; pricing week of May 24.

HAWAII PACIFIC HEALTH OBLIGATED GROUP: $100 million series 2010A special purpose revenue bonds (A3/BBB+/); negotiated; Morgan Stanley & Co. Inc. (lead); J.P Morgan Securities Inc. (co-managers); proceeds to refund series 2005A and 2009A bonds; pricing week of May 24.

MAY 26

FORT LAUDERDALE (FLORIDA): $84.38 million series 2010 water and sewer revenue bonds (Aa1/AA/); competitive; Fidelity Financial Service LC and Davenport & Co. LLC (financial advisers); bonds due 2011 to 2038; proceeds to finance improvements to water and sewer system; pricing May 26.

ON THE HORIZON

AMHERST DEVELOPMENT CORP. (NEW YORK): $84.72 million series 2010A tax-exempt student housing facility revenue bonds (Aa3/AAA/); negotiated; George K. Baum & Co. (lead); bonds due 2010 to 2025 with term bonds due 2030, 2040 and 2045; proceeds to construct suite-style student housing complex at university.

BOARD OF TRUSTEES OF MICHIGAN STATE UNIVERSITY: $205 million series 2010B general revenue tax-exempt bonds (Aa2/AA/); negotiated; Bank of America Merrill Lynch and J.P. Morgan Securities Inc. (lead); 2010A bonds are due 2044 to 2050; proceeds to construct, furnish and equip replacement for Morrill Hall; renovate, remodel and equip Brody, Bailey and Emmons halls; and upgrade the university's power plant.

BOARD OF TRUSTEES OF MICHIGAN STATE UNIVERSITY: $229.01 million series 2010C general revenue refunding bonds (Aa2/AA/); negotiated; Bank of America Merrill Lynch (lead); J.P. Morgan Securities Inc. (co-manager); serial maturities from 2011 to 2025 and 2034 to 2044; proceeds to refund and retire $117 million of the board's series A commercial paper notes and a portion of the outstanding variable-rate bonds.

CASTAIC LAKE WATER AGENCY (CALIFORNIA): $68.105 million series 2010A refunding revenue certificates of participation (/AA-/A+); negotiated; Stone & Youngberg (lead); proceeds to refund agency's series 2001A COPs.

CLEVELAND CITY SCHOOL DISTRICT (OHIO): $113.44 million series 2010 school improvement refunding bonds (Aa2/AA-/); negotiated; RBC Capital Markets Corp. (lead); Blaylock Robert Van LLC (co-managers); bonds due 2013 to 2030; proceeds to refund bond anticipation notes and refund series 2002 bonds.

CLEVELAND COUNTY EDUCATIONAL FACILITIES AUTHORITY (OKLAHOMA): $63.315 million series 2010 educational facilities lease revenue bonds; negotiated; D.A. Davidson & Co. (lead); BOSC Inc. and Wells, Nelson & Associates LLC (co-managers); bonds due 2011 to 2014; proceeds to finance classroom additions, classroom renovations and equipment purchases at schools throughout Norman, Okla.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK: $341.44 million series 2010 school district revenue bond financing program revenue bonds; negotiated; Roosevelt & Cross Inc., Jefferies & Co. and RBC Capital Markets Corp. (lead); Bank of America Merrill Lynch; Citigroup Global Markets Inc.; Duncan-Williams Inc.; Fidelity Capital Markets Inc.; Janney Montgomery Scott LLC; J.P. Morgan Securities Inc.; Morgan Keegan & Co. Inc.; Morgan Stanley & Co. Inc.; Ramirez & Co. Inc.; Siebert Brandford Shank & Co. LLC; Stifel, Nicolaus & Co. Inc.; and Wells Fargo Securities LLC (co-managers); proceeds to finance school district capital costs and equipment purchase costs, as well as refinance school district bond anticipation notes.

• $260.075 million series 2010A (A1/A+/A+)

• $54.19 million series 2010B (A2/A+/A+)

• $22.705 million series 2010C (A1/A+/A+)

• $4.47 million series 2010D (A3/A+/A+)

EVANSVILLE, IND.: $123.805 million series 2010 lease rental revenue bonds (A1/A/); negotiated; Hilliard Lyons (lead); City Securities Corp. and Fifth Third Securities Inc. (co-managers); 2010A bonds due 2014 to 2016; 2010B bonds due 2017 to 2025 with term bonds due 2029, 2034 and 2039; proceeds to acquire real property upon which the city plans to construct an arena, as well as refund debt.

• $8.94 million series 2010A tax-exempt bonds

• $114.865 million series 2010B taxable Build America Bonds

ILLINOIS FINANCE AUTHORITY/ART INSTITUTE OF CHICAGO: $115 million series 2010A revenue bonds (A1/A+/); negotiated; J.P. Morgan Securities Inc. and Loop Capital Markets LLC (lead); Morgan Stanley & Co. Inc. and William Blair & Co. LLC (co-managers); proceeds to redeem institute's series 1992, 1995 and 1996 bonds, as well as repay a line of credit.

ILLINOIS FINANCE AUTHORITY/PALOS COMMUNITY HOSPITAL: $151.02 million series 2010C revenue bonds (//AA-); negotiated; Goldman Sachs & Co. and Cabrera Capital Markets LLC (lead); proceeds to construct, acquire and equip a new patient tower at Palos Community Hospital in Palos Heights, Ill., as well as renovate and expand existing facilities at the hospital.

INDIANA UNIVERSITY: $88.885 million series 2010 revenue bonds (Aaa/AA/); negotiated; J.P. Morgan Securities Inc. (lead); Morgan Stanley & Co. Inc.; City Securities Corp.; and Cabrera Capital Markets LLC (co-managers); 2010A bonds due 2011 to 2014; 2010B bonds due 2015 to 2025 with term bonds due 2030 and 2035; proceeds to renovate several buildings on university's Bloomington campus, as well as construct a parking structure at the Indianapolis campus.

• $10.66 million series 2010A tax-exempt bonds

• $78.225 million series 2010B Build America Bonds

MAINE: $58 million series 2010 general obligation bonds (Aa2/AA/); negotiated; Wells Fargo Securities LLC (lead); Citigroup Global Markets Inc., Bank of America Merrill Lynch and J.P. Morgan Securities Inc. (co-managers); 2010A bonds due 2011 to 2012; 2010B bonds due 2017 to 2020; 2010C bonds due 2012 to 2016; proceeds to pay off outstanding bond anticipation notes, which are due June 15, 2010.

MCLEAN COUNTY (NORTH DAKOTA): $83 million series 2010 solid waste facilities revenue bonds (A3/A-/A-); negotiated; Goldman, Sachs & Co. (lead); 2010B bonds due July 1, 2040; 2010C bonds due July 1, 2038; proceeds to fund capital expenditures at the Spiritwood Station solid waste facility.

• $50 million series 2010B non-AMT bonds

• $33 million series 2010C AMT bonds

NEW ORLEANS AVIATION BOARD: $54.555 million revenue bonds (//A-); negotiated; Melvin & Co. (lead); Morgan Keegan & Co., Inc. (co-manager); proceeds to fund interior and exterior improvements to existing airport terminals, including expansion of Concourse D and improvements to the baggage claim areas.

• Series 2010A Gulf Opportunity Zone revenue bonds due 2021 to 2026 with term bonds due 2031, 2036 and 2041

• Series 2010B revenue bonds due 2038

NEW YORK MUNICIPAL BOND BANK AGENCY: $118.595 million series 2010 recovery act bonds; negotiated; Jefferies & Co. and Goldman, Sachs & Co. (lead); Bank of America Merrill Lynch, Loop Capital Markets LLC, Roosevelt & Cross Inc. and Siebert Brandford Shank & Co. LLC (co-managers); 2010A-1 bonds due 2011 to 2017; 2010A-2 bonds due 2018 to 2025 with term bond due 2035; 2010B-1 bonds due 2011 to 2020; 2010B-2 bonds due 2020 to 2025; proceeds to purchase local American Recovery and Reinvestment Act bond.

• $28.58 million series 2010A-1 tax-exempt bonds

• $37.545 million series 2010A-2 federally taxable bonds

• $27.81 million series 2010B-1 tax-exempt bonds

• $24.66 million series 2010B-2 federally taxable bonds

NORTH CAROLINA STATE UNIVERSITY AT RALEIGH: $77.505 million series 2010 general revenue bonds; negotiated; J.P. Morgan Securities Inc. (lead); Loop Capital Markets LLC and Morgan Keegan & Co. Inc. (co-managers); proceeds to finance acquisition, construction , improvement and equipment of athletic facilities, dining facilities, a student health center and a parking deck, as well as the expansion and improvement of the Terry Veterinary Hospital.

NORTH DAKOTA HOUSING FINANCE AGENCY: $80 million series 2010 homeownership revenue bonds (Aa3); negotiated; RBC Capital Markets Corp. (lead); Morgan Stanley & Co. Inc., Bank of America Merrill Lynch & Co. and Piper Jaffray & Co. (co-managers); 2010A bonds due July 1, 2041; 2010B bonds due 2011 to 2020 with term bonds due 2026 and 2028; proceeds to fund single-family housing loans.

• $48 million series 2010A home mortgage finance program bonds

• $32 million series 2010B home mortgage finance program bonds

NORTH TEXAS HIGHER EDUCATION AUTHORITY INC.: $207.2 million series 2010-1 student loan revenue floating-rate bonds (/AAA/AAA); negotiated; Bank of America Merrill Lynch (lead); class A-1 bonds due July 1, 2019; class A-2 bonds due July 1, 2030; proceeds to fund student loans.

• $113.96 million class A-1 bonds

• $93.24 million class A-2 bonds

OHIO: $215 million series 2010 major new state infrastructure project revenue bonds (Aa1/AA/AA-); negotiated; Bank of America Merrill Lynch (lead); KeyBanc Capital Markets Inc.; Siebert Brandford Shank & Co. LLC; Rice Financial Products Co.; Loop Capital Markets LLC; Mesirow Financial Inc.; Ross, Sinclaire & Associates Inc; Stifel, Nicolaus & Co. Inc.; and Wells Fargo Securities Inc. (co-managers); 2010-1 bonds due 2011 to 2015 and 2010-2 bonds due 2016 to 2021; proceeds to finance bridge and highway improvement projects throughout the state.

• $97.73 million series 2010-1 tax-exempt bonds

• $117.27 million series 2010-2 Build America Bonds

RHODE ISLAND CLEAN WATER FINANCE AGENCY: $75.375 million series 2010A water pollution control refunding revenue bonds; negotiated; Janney Montgomery Scott LLC and Morgan Stanley & Co. Inc. (lead); Barclays Capital Inc. and Citigroup Global Markets Inc. (co-managers); bonds due 2011 to 2023; proceeds to fund clean water initiatives.

SAN DIEGO COUNTY AND SAN DIEGO COUNTY SCHOOL DISTRICTS: $264.745 million series 2010 tax and revenue anticipation notes (/SP-1+/); negotiated; RBC Capital Markets Corp. and De La Rosa & Co. (lead); 2010A noted due June 30, 2011; 2010B-1 notes due Jan. 31, 2011; 2010B-2 notes due April 29, 2011; proceeds to finance capital projects ahead of the collection of taxes and revenues.

• $140 million series 2010A

• $22.48 million series 2010B-1

• $101.905 million series 2010B-2

TEXAS PUBLIC FINANCE AUTHORITY CHARTER SCHOOL FINANCE CORP.: $50.09 million series 2010A education revenue bonds (/BBB/); negotiated; Morgan Keegan & Co. Inc. (lead); Jefferies & Co. (co-manager); bonds due 2030 and 2040; proceeds finance construction and improvement projects at charter schools in

Texas.

WASHINGTON STATE: $1.1 billion series 2010F motor vehicle fuel tax general obligation bonds (Aa1/AA+/AA+); negotiated; J.P. Morgan Securities Inc. (lead); Bank of America Merrill Lynch; Barclays Capital Inc.; Citigroup Global Markets Inc.; Goldman, Sachs & Co.; and Morgan Stanley & Co. Inc. (co-managers); proceeds to reimburse state for highway and transportation improvements.

WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/MINISTRY HEALTH: $60 million series 2010B revenue bonds (/A+/); negotiated; Bank of America Merrill Lynch (lead); proceeds to construct, acquire and equip facilities operated by Ministry Health.


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