Municipals Calendar: San Diego County plans $264 million note sale

WEEK OF MAY 31

JUNE 1

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; pricing June 1.

• $140 million series 2010A

• $22.48 million series 2010B-1

• $101.905 million series 2010B-2

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.

JUNE 3

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; pricing June 3.

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; pricing June 3.

• $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

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 June 3.

WEEK OF JUNE 14

JUNE 16

ILLINOIS: $492 million series of June 2010 junior obligation sales tax revenue bonds (//AA+); negotiated; Cabrera Capital Markets LLC (lead); Bank of America Merrill Lynch; Jefferies & Co.; Stifel, Nicolaus & Co. Inc.; Duncan-Williams Inc.; M.R. Beal & Co. Inc.; Podesta & Co.; and Stern Brothers & Co. (co-managers); proceeds to construct, reconstruct, modernize and extension of various state infrastructure projects; develop and improve educational, scientific, technical and vocational programs and facilities, as well as expand health and human services; protect, preserve, restore and conserve the state's natural resources; and provide incentives for the expansion of businesses into the state; pricing June 16.

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 POLLUTION CONTROL FINANCING AUTHORITY: $50 million series 2010A revenue bond; negotiated; Goldman, Sachs & Co. (lead); bonds due June 1, 2040; proceeds to improve structures integral to the San Jose Water Co. water project, including the replacement of wells, storage tanks, reservoirs, the motor control center and pump stations, as well as the acquisition of equipment.

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.

CONNECTICUT: $600 million series 2010 general obligation bonds; negotiated; J.P. Morgan Securities Inc. (lead); Barclays Capital Inc.; Bank of America Merrill Lynch; Ramirez & Co. Inc.; Raymond James & Associates Inc.; Blaylock Robert Van LLC; Cabrera Capital Markets LLC; Estrada Hinojosa & Co. Inc.; Goldman, Sachs & Co.; Loop Capital Markets LLC; Melvin and Co. LLC; Morgan Keegan & Co. Inc.; Morgan Stanley & Co. Inc.; Rice Financial Products Co.; Roosevelt & Cross Inc.; Siebert Brandford Shank & Co. LLC; Wells Fargo Bank, N.A.; and William Blair & Co. (co-managers); 2010B bonds due 2011 and 2014 to 2018; 2010C bonds due 2011 to 2023; proceeds to finance capital expenditures and refund existing debt.

• $200 million series 2010B G.O. bonds

• $400 million series 2010C G.O. refunding bonds

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

LOUISIANA STATE UNIVERSITY AND AGRICULTURAL AND MECHANICAL COLLEGE: $121.61 million series 2010 auxiliary revenue and revenue refunding bonds (A1/AA-/); negotiated; Morgan Keegan & Co. Inc. (lead); J.P. Morgan Securities Inc. and RBC Capital Markets Corp. (co-managers); 2010A bonds due 2010 to 2023 with term bonds due 2025, 2030, 2035 and 2040; 2010B bonds due 2012 to 2023 with term bonds due 2025, 2030, 2035 and 2040; proceeds to refund board's series 2002 variable-rate bonds and construct, renovate, demolish and upgrade a variety of buildings at the university's Laville Honors College.

• $89.485 million series 2010A auxiliary revenue and refunding bonds

• $32.125 million series 2010B Gulf Opportunity Zone auxiliary revenue bonds

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

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 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.

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.

ORANGE COUNTY (CALIFORNIA): $150 million series 2010-11A tax and revenue anticipation notes (MIG 1/SP-1+/F1+); negotiated; Citigroup Global Markets Inc. (lead); notes due March 15, 2011, May 15, 2011 and June 30, 2011; proceeds to fund capital needs for fiscal year ended June 30, 2011.

RIVERSIDE COUNTY (CALIFORNIA): $343 million series 2010-11 tax and revenue anticipation notes (MIG 1/SP-1+/); negotiated; De La Rosa & Co. (lead); J.P. Morgan Securities Inc. and Wedbush Securities Inc. (co-managers); 2011-11A notes due March 31, 2011; 2010-11B notes due June 30, 2011; proceeds to finance expenses for fiscal year ended June 30, 2011, including current expenses, capital projects and prepayment of pension plan contributions.

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.

TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORP. (TEXAS)/SCOTT & WHITE HEALTH CARE: $350 million series 2010 hospital revenue bonds (A1/A/AA-); negotiated; J.P. Morgan Securities Inc. (lead); Goldman, Sachs & Co. (co-manager); bonds due 2011 to 2025 with term bonds due 2030, 2035, 2040 and 2045; proceeds to pay costs associated with constructing, acquiring and equipping Scott & White facilities, including an acute-care hospital in College Station, Texas, a children's hospital in Temple, Texas, and a hospital in Round Rock, Texas, and refund existing debt.

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.

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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