Municipals Calendar: Dasny to sell $800 million in personal income tax 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.

HEALTH AND EDUCATIONAL FACILITIES AUTHORITY OF THE STATE OF MISSOURI/SAINT LUKE'S HEALTH SYSTEM: $100 million series 2010A health facilities revenue bonds (A1/A+/); negotiated; Morgan Stanley & Co. Inc. (lead); proceeds to construct, acquire, equip, renovate, rehabilitated and remodel Saint Luke's hospital facilities, as well as fund existing debt; pricing week of May 24.

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; pricing week of May 24.

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; pricing week of May 24.

MAY 26

ARIZONA: $449 million series 2010A lottery revenue bonds (A1/AA-/); negotiated; J.P. Morgan Securities Inc. (lead); Citigroup Global Markets Inc., Bank of America Merrill Lynch, Piper Jaffray & Co., Ramirez & Co. Inc. and Wedbush Morgan Securities LLC (co-managers); bonds due 2013 to 2029; proceeds to be deposited into state's general fund to pay appropriated expenditures; pricing May 26.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK: $800 million series 2010D state personal income tax revenue Build America Bonds; competitive; proceeds to finance capital projects at the State University of New York; pricing May 26.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/MOUNT SINAI HOSPITAL OBLIGATED GROUP: $336.75 million series 2010A revenue bonds; negotiated; Goldman, Sachs & Co. (lead); Bank of America Merrill Lynch, BB&T Capital Markets, Citigroup Global Markets Inc., Janney Montgomery Scott LLC, Jefferies & Co., J.P. Morgan Securities Inc., M.R. Beal & Co., Raymond James & Associates Inc. and Ramirez & Co. Inc. (co-managers); bonds due 2012 to 2020 with a term bond due 2026; proceeds to refund obligated group's series 2000A and 2000C bonds; pricing 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.

MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (PENNSYLVANIA): $313.84 million series 2010 FHA-insured mortgage revenue bonds; negotiated; Goldman, Sachs & Co. (lead); bonds due 2013 to 2020 with term bonds due 2025, 2030 and 2038; proceeds to construct new hospital in East Norriton, Pa.; pricing May 26.

NEW YORK STATE URBAN DEVELOPMENT CORP.: $503.18 million series 2010A service contract revenue refunding bonds; negotiated; Wells Fargo Securities LLC and Siebert Brandford Shank & Co. LLC (lead); Barclays Capital Inc.; Bank of America Merrill Lynch; Citigroup Global Markets Inc.; Goldman, Sachs & Co.; Loop Capital Markets LLC; J.P. Morgan Securities Inc.; Morgan Stanley & Co. Inc.; Ramirez & Co. Inc.; Rice Financial Products Co.; BB&T Capital Markets; M.R. Beal & Co. Inc.; Cabrera Capital Markets LLC; Fidelity Capital Markets Services Inc.; Jackson Securities LLC; Janney Montgomery Scott LLC; Jefferies & Co.; Lebenthal & Co.; Mesirow Financial Inc.; Morgan Keegan & Co. Inc.; Piper Jaffray & Co.; Raymond James & Associates Inc.; RBC Capital Markets Corp.; Roosevelt & Cross Inc; Sterne, Agee & Leach Inc.; Stifel, Nicolaus & Co.; and Stone & Youngberg (co-managers); 2010A-1 bonds due 2011 to 2022; 2010A-2 bonds due 2011 to 2022; proceeds to refund series 2008 bonds; pricing May 26.

• $221.735 million series 2010A-1

• $281.445 million series 2010A-2

SOUTHERN CALIFORNIA PUBLIC POWER AUTHORITY: $276.93 million series 2010 Canyon Power Project revenue bonds; negotiated; Citigroup Global Markets Inc. (lead); Morgan Stanley & Co. Inc., Barclays Capital Inc., De La Rosa & Co., J.P. Morgan Securities Inc., and Stone & Youngberg (co-managers); 2010A bonds due 2016 to 2028; 2010B bonds due 2030 and 2040; proceeds to finance construction, development and acquisition of the Canyon Power Project, as well as retire the authority's series 2009 notes; pricing May 26.

• $106.205 million series 2010A

• $170.725 million series 2010B Build America Bonds

WEEK OF MAY 31

JUNE 2

COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF COMPTON (CALIFORNIA): $92.735 million series 2010 second-lien tax allocation bonds (/A-/); negotiated; Grigsby & Associates (lead); 2010A bonds due 2011 to 2020 with term bonds due 2024, 2030, 2038 and 2042; 2010B bonds due 2025 to 2026 with term bonds due 2032, 2040 and 2042; 2010C bonds due 2014 to 2019 with term bonds due 2020 and 2024; proceeds to fund low- to moderate-income housing redevelopment activities, as well as finance tax-sharing obligations payable to Compton Unified School District; pricing June 2.

• $28.3 million series 2010A housing bonds

• $46.37 million series 2010B bonds

• $18.065 million series 2010C taxable bonds

VENTURA COUNTY (CALIFORNIA): $131 million series 2010-11 tax and revenue anticipation notes (MIG 1/SP-1+/); competitive; Fieldman, Rolapp & Associates (financial adviser); notes due July 1, 2011;proceeds to fund county's seasonal cash flow requirements for fiscal year ended June 30, 2011; pricing June 2.

ON THE HORIZON

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.

CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY/STANFORD HOSPITAL AND CLINICS: $315.38 million series 2010 refunding revenue bonds (Aa3/A+/AA-); negotiated; Morgan Stanley & Co. Inc. (lead); J.P. Morgan Securities Inc. and Goldman, Sachs & Co. (co-managers); proceeds to refund hospital's series 1998B and 2003B-D bonds, which were used to construct, equip and renovate Stanford Hospital and Clinics facilities.

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.

DELAWARE TRANSPORTATION AUTHORITY: $115 million series 2010 grant anticipation bonds (Aa2/AA/); negotiated; Bank of America Merrill Lynch (lead); Barclays Capital Inc., J.P. Morgan Securities Inc. and Morgan Stanley & Co. Inc. (co-managers); proceeds to acquire right of way and begin construction on U.S. Route 301 at the Maryland-Delaware state line.

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+)

ERIE COUNTY FISCAL STABILITY AUTHORITY (NEW YORK) $92.865 million series 2010 sales tax and state aid secured bonds (Aa1//AA+); negotiated; Roosevelt & Cross Inc. (lead); Goldman, Sachs & Co. and M&T Securities Inc. (co-managers); 2010B bonds due 2010 to 2022; 2010C bonds due 2011 to 2020; proceeds to purchase county bonds to refund a portion of its existing debt.

• $49.165 million series 2010B bonds

• $43.2 million series 2010C bonds

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/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.

MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY/JOHNS HOPKINS HEALTH SYSTEM OBLIGATED GROUP: $152.07 million series 2010 revenue bonds; negotiated; Goldman, Sachs & Co. (lead); PNC Capital Markets LLC, Cabrera Capital Markets LLC, J.P. Morgan Securities Inc., Bank of America Merrill Lynch, Morgan Stanley & Co. Inc. and Wells Fargo Securities LLC (co-managers); proceeds to construct, acquire, renovate and equip two 18-story medical towers to house a cardiovascular and critical care hospital and a children's hospital at the health system's Baltimore campus.

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

METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY (TENNESSEE): $575 million series 2010 general obligation bonds; negotiated; Goldman, Sachs & Co. (lead); Jefferies & Co., J.P. Morgan Securities Inc., Morgan Keegan & Co. Inc., Bank of America Merrill Lynch, Fifth Third Securities Inc., Loop Capital Markets LLC and Mesirow Financial Inc. (co-managers); 2010A bonds due 2015 to 2025; 2010B bonds due July 1, 2034; 2010C bonds due 2013 to 2015; proceeds to retire government's series 2010A and 2010B commercial paper, which provided short-term financing to construct, acquire, equip and renovate capital projects; proceeds also to refund several series of outstanding bonds.

• $275 million series 2010A G.O. improvement and refunding bonds

• $250 million series 2010B Build America Bonds

• $50 million series 2010C taxable G.O. refunding bonds

NEW HAMPSHIRE HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/DARTMOUTH-HITCHCOCK OBLIGATED GROUP: $75 million series 2010 revenue bonds (/A+/A+); negotiated; J.P. Morgan Securities Inc. and Morgan Stanley & Co. Inc. (lead); Bank of America Merrill Lynch and Edward Jones & Co. (co-managers); proceeds to construct an ambulatory care facility at the health system's Nashua, N.H., campus and construct, equip and rehabilitate facilities in Lebanon, N.H.

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

OHIO COUNTY (KENTUCKY): $83.3 million series 2010A pollution control refunding revenue bonds (Baa1/BBB-/BBB-); negotiated; Goldman, Sachs & Co. (lead); bonds due July 15, 2031; proceeds to refund series 2001A auction-rate pollution control 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 BERNARDINO COUNTY (CALIFORNIA): $165 million series 2010-11A tax and revenue anticipation notes; negotiated; Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. (lead); notes due June 30, 2011; proceeds to fund capital projects ahead of the collection of certain taxes and revenues.

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.

WYOMING COMMUNITY DEVELOPMENT AUTHORITY: $58.975 million series 2010 housing revenue bonds; negotiated; Bank of America Merrill Lynch (lead); Kaiser & Co., Citigroup Global Markets Inc. and George K. Baum & Co. (co-managers); 2010-1 bonds due 2010 to 2021 with term bond due 2026; 2010-2 bonds due Dec. 1, 2025; proceeds to refund authority's series 1997-5, 1998-2, 1999-1 and 2000-4 bonds.

• $56.975 million series 2010-1 AMT bonds

• $2 million series 2010-2 non-AMT bonds

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