Municipals Calendar: Wisconsin to sell $800 million in operating notes

WEEK OF JUNE 14

ILLINOIS FINANCE AUTHORITY/OSF HEALTHCARE SYSTEM: $160 million series 2010A revenue refunding bonds; negotiated; Bank of America Merrill Lynch (lead); Cabrera Capital Markets LLC (co-manager); proceeds to reimburse OSF Healthcare for costs associated with the construction of system-owned hospital facilities, as well as refinance and redeem system's series 1985B variable-rate demand bonds, series 2001 variable-rate demand bonds and series 2007D revenue bonds; pricing week of June 14.

JUNE 15

DALLAS: $291 million series 2010 waterworks system revenue refunding bonds (Aa1/AA/); negotiated; Siebert Brandford Shank & Co. LLC (lead); proceeds to refund existing waterworks revenue bonds; pricing June 15.

DENTON (TEXAS): $65.2 million series 2010 general obligation bonds and certificates of obligation (Aa2/AA/); competitive; First Southwest Co. (financial adviser); G.O.s due 2011 to 2030; certificates due 2011 to 2030; proceeds from G.O.s to finance improvements to streets and to make park land acquisitions; proceeds from certificates to acquire, improve, construct, renovate and expand the city's sewer and waterworks system; acquire, improve, construct, renovate and expand the city's electric light and power system; improve and renovate the city's solid waste system; renovate and equip existing municipal buildings; and acquire city vehicles; pricing June 15.

• $4.115 million series 2010 general obligation bonds

• $61.085 million series 2010 certificates of obligation

LOS ANGELES UNIFIED SCHOOL DISTRICT: $540 million series 2010-11 tax and revenue anticipation notes; negotiated; Bank of America Merrill Lynch and Piper Jaffray & Co. (lead); Backstrom McCarley Berry & Co. LLC, De La Rosa & Co. and Stone & Youngberg (co-managers); notes due June 30, 2011; proceeds to finance capital requirements and the district's workers' compensation fund ahead of the collection of taxes and revenues; pricing June 15.

MASSACHUSETTS DEVELOPMENT FINANCE AGENCY: $135.39 million series 2010 revenue bonds (/A-/); negotiated; Citigroup Global Markets Inc. (lead); 2010A bonds due 2014 to 2030 with term bonds due 2040; 2010B bonds due 2011 to 2013; proceeds to refund college's series 1999A higher education refunding revenue bonds, as well as reimburse the college for costs associated with the acquisition of land, site development, construction and equipment of campus buildings and the renovation of the Paramount Arts Center and Residence Complex in Boston; pricing June 15.

• $126.615 million series 2010A tax-exempt revenue bonds

• $8.775 million series 2010B federally taxable revenue bonds

SAN ANTONIO (TEXAS): $241.26 million series 2010 general improvement bonds; negotiated; Citigroup Global Markets Inc. (lead); Loop Capital Markets LLC, J.P. Morgan Securities Inc., M.E. Allison & Co. Inc., Southwestern Capital Markets Inc. and Piper Jaffray & Co. (co-managers); 2010B bonds due 2011 to 2030; 2010 certificates of obligation due 2019 to 2040; proceeds to finance improvements to streets, bridges, sidewalks, drainage systems, parks and recreation facilities, open space and athletics facilities and public health facilities; pricing June 15.

• $201.9 million series 2010B Build America Bonds

• $39.36 million series 2010 combination tax and revenue certificates of obligation

WISCONSIN: $800 million series 2010 operating notes; competitive; notes due June 15, 2011; proceeds to fund cash flow requirements for the 2010-11 fiscal year; pricing June 15.

JUNE 16

HOUSTON: $230 million series 2010 tax and revenue anticipation notes (/SP-1+/F1+); competitive; First Southwest Co. and TKG & Associates (financial advisers); notes due June 30, 2011; proceeds to fund general operating expenses ahead of the collection of taxes and revenues; pricing 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.

LEE COUNTY (FLORIDA): $93.98 million series 2010A airport revenue refunding bonds (A2/A-/A); negotiated; Citigroup Global Markets Inc. and Raymond James & Associates Inc. (lead); bonds due 2011 to 2020 with term bond; proceeds to refund county's series 2000A airport revenue bonds; pricing June 16.

MASSACHUSETTS SCHOOL BUILDING AUTHORITY: $151 million series 2010A subordinated dedicated sales tax bonds; negotiated; Barclays Capital Inc. and Jefferies & Co. (lead); Citigroup Global Markets Inc., Goldman, Sachs & Co., Janney Montgomery Scott LLC, J.P. Morgan Securities Inc., Merrill Lynch & Co., Morgan Stanley & Co. Inc., Ramirez & Co. Inc. and Raymond James & Associates Inc.; bonds due 2010 to 2027; proceeds to fund grants to cities, towns and school districts for school construction and renovation projects; pricing June 16.

ORLANDO-ORANGE COUNTY EXPRESSWAY AUTHORITY: $250 million series 2010B refunding revenue bonds (/A/A); negotiated; Bank of America Merrill Lynch (lead); Citigroup Global Markets Inc.; J.P. Morgan Securities Inc.; Loop Capital Markets LLC; Raymond James & Associates Inc.; Barclays Capital Inc.; Goldman, Sachs & Co.; Morgan Stanley & Co. Inc.; RBC Capital Markets Corp.; and Wells Fargo Securities LLC (co-managers); bonds due 2011 to 2030; proceeds to refund series 1998, 2008B-1 and 2008B-2 bonds; pricing June 16.

TURNPIKE AUTHORITY OF KENTUCKY: $334.205 million series 2010 economic development road revenue and revenue refunding bonds; negotiated; Goldman, Sachs & Co. (lead); Citigroup Global Markets Inc., Morgan Stanley & Co. Inc., J.J.B. Hilliard, W.L. Lyons LLC, Morgan Keegan & Co. Inc., PNC Capital Markets LLC, Edward D. Jones & Co. LP, First Kentucky Securities Corp., Stifel, Nicolaus & Co. Inc., Ross, Sinclaire & Associates LLC, Bank of America Merrill Lynch and Sterne, Agee & Leach Inc.; 2010A bonds due 2013 to 2020; 2010B bonds due 2021 to 2025 with term bond due 2030; proceeds to fund authority's six-year highway revitalization plan and refund existing debt; pricing June 16.

• $148.64 million series 2010A revenue and revenue refunding bonds

• $185.565 million series 2010B Build America Bonds

VIRGINIA BEACH (VIRGINIA): $65 million series 2010A revenue bonds (Aa2/AAA/AAA); competitive; Government Finance Associates Inc. (financial adviser); bonds due 2011 to 2035; proceeds to fund additions, improvements and expansions to city's water and sewer system; pricing June 16.

JUNE 17

ILLINOIS: $300 million series 2010-4 taxable general obligation Build America Bonds (A1); competitive; Acacia Financial Group Inc. (financial adviser); bonds due 2011 to 2035; proceeds to fund transportation projects and other capital projects; pricing June 17.

KENTUCKY HIGHER EDUCATION STUDENT LOAN CORP.: $224.915 million series 2010-1 three-month Libor floating-rate student loan revenue bonds (/AAA/AAA); negotiated; Bank of America Merrill Lynch (lead); class A-1 bonds due May 1, 2010; class A-2 bonds due May 1, 2034; proceeds to finance student loans to qualified individuals; pricing June 17.

• $75.05 million class A-1

• $149.865 million class A-2

VIRGINIA BEACH (VIRGINIA): $32.32 million series 2010B-C water and sewer system revenue and refunding bonds (Aa2/AAA/AAA); competitive; Government Finance Associates Inc. (financial adviser); 2010B bonds due 2010 to 2022; 2010C bonds due 2010 to 2027; proceeds to make additions, improvements and expansions to the city's water and sewer system, as well as refund series 2002 and 2005 water and sewer system revenue bonds; pricing June 17.

• $9.55 million series 2010B tax-exempt refunding bonds

• $22.77 million series 2010C tax-exempt refunding bonds

WEEK OF JUNE 21

JUNE 24

NASSAU COUNTY (NEW YORK): $95.34 million series 2010 general obligation bonds (Aa3/A+/AA-); competitive; Public Financial Management Inc. (financial adviser); 2010A bonds due 2012 to 2015; 2010B bonds due 2016 to 2037; proceeds to finance payments to county workers separated from employment, capital projects and to settle lawsuits and fund judgments; pricing June 24.

• $7.675 million series 2010A general improvement bonds

• $87.665 million series 2010B Build America Bonds

ON THE HORIZON

ALAMOGORDO (NEW MEXICO)/GERALD CHAMPION REGIONAL MEDICAL CENTER: $89.435 million series 2010 hospital improvement and refunding revenue bonds (/BBB+/); negotiated; Morgan Keegan & Co. Inc. (lead); 2010A bonds due 2022 to 2026 with term bonds due 2030, 2035 and 2040; 2010B bonds due 2011 to 2022; proceeds to finance and reimburse hospital for costs associated with constructing, equipping and acquiring hospital facilities, as well as refund and defease the hospital's series 2007A and 2007B hospital improvement and refunding revenue bonds.

• $73.11 million series 2010A bonds

• $16.325 million series 2010B bonds

AUSTIN (TEXAS): $220.02 million series 2010 electric utility system revenue refunding bonds (A1/A+/AA-); negotiated; Citigroup Global Markets Inc. (lead); Barclays Capital Inc.; Cabrera Capital Markets LLC; Morgan Keegan & Co. Inc.; Morgan Stanley & Co. Inc.; Rice Financial Products Co.; Siebert Brandford Shank & Co. LLC; and Southwest Securities Inc. (co-managers); proceeds to refund city's outstanding commercial paper notes, which were used to upgrade city's electric utility system.

• $118.82 million series 2010A bonds

• $101.2 million series 2010B Build America Bonds

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.

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-CUYAHOGA COUNTY PORT AUTHORITY/CLEVELAND MUSEUM OF ART (OHIO): $75 million series 2010 cultural facility revenue bonds (/AA+/); negotiated; PNC Capital Markets LLC and KeyBanc Capital Markets Inc. (lead); bonds due 2018 to 2024; proceeds to expand, renovate and construct a new east and west wing of the museum, construct storage space and educational facilities, as well as an atrium for gatherings and special events.

CONTRA COSTA WATER DISTRICT (CALIFORNIA): $132 million series 2010A water revenue notes (/AA+/AA); negotiated; Stone & Youngberg and Wedbush Morgan Securities Inc. (lead); notes due 2011 to 2015; proceeds to refinance district's outstanding tax-exempt commercial paper notes, as well as finance district's Middle River Intake Project and Los Vaqueros Reservoir Expansion Projects, in addition to other capital project.

ILLINOIS FINANCE AUTHORITY/GREENFIELDS OF GENEVA: $117.48 million series 2010 revenue bonds; negotiated; Ziegler Capital Markets (lead); 2010B bonds due Feb. 15, 2017; 2010C-1 bonds due Feb. 15, 2017; 2010C-2 bonds due Feb. 15, 2016; 2010C-3 bonds due Feb. 15, 2016; proceeds to reimburse Greenfields of Geneva for construction of a senior living facility in Geneva, Ill., as well as to provide working capital for facility.

• $88.48 million series 2010A

• $5 million series 2010B accelerated redemption reset option securities

• $4.575 million series 2010C-1 tax-exempt mandatory paydown securities

• $8.35 million series 2010C-2 tax-exempt mandatory paydown securities

• $11.075 million series 2010C-3 tax-exempt mandatory paydown securities

LOS ANGELES COMMUNITY COLLEGE DISTRICT: $1.2 billion election of 2008 series 2010 general obligation bonds; negotiated; Citigroup Global Markets Inc. (lead); De La Rosa & Co.; Morgan Stanley & Co. Inc.; Backstrom McCarley Berry & Co. LLC; Bank of America Merrill Lynch; Goldman, Sachs & Co.; Ramirez & Co. Inc.; and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to install upgraded emergency lighting and security systems at all community colleges in the city, improve and add walkways, sidewalks and roads at the campuses and construct energy infrastructure systems.

MANSFIELD INDEPENDENT SCHOOL DISTRICT (TEXAS): $99.471 million series 2010 unlimited tax refunding bonds (Aa2/AA/AA+); negotiated; Morgan Keegan & Co. Inc. (lead); RBC Capital Markets Corp. and Southwest Securities Inc. (co-managers); proceeds to refund a portion of district's series 2002, 2003and 2004 bonds.

MASSACHUSETTS: $250 million series 2010B consolidated general obligation bonds; negotiated; Bank of America Merrill Lynch (lead); Citigroup Global Markets Inc.; Fidelity Capital Markets Services Inc.; J.P. Morgan Securities Inc.; Morgan Stanley & Co. Inc.; BB&T Capital Markets Inc.; Barclays Capital Inc.; Cabrera Capital Markets Inc.; Eastern Bank Capital Markets Inc.; Edward Jones & Co.; Goldman, Sachs & Co.; Jackson Securities Inc.; Janney Montgomery Scott LLC; Jefferies & Co.; KeyBanc Capital Markets LLC; Loop Capital Markets LLC; Morgan Keegan & Co. Inc.; M.R. Beal & Co. Inc.; Oppenheimer & Co. Inc.; Piper Jaffray & Co.; Prager, Sealy & Co.; Ramirez & Co. Inc.; RBC Capital Markets Corp.; Raymond James & Associates Inc.; Roosevelt & Cross Inc.; Siebert Brandford Shank & Co. LLC; and Stone & Youngberg (co-managers); bonds due 2011 to 2020; proceeds to finance capital projects.

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

MEDICAL CENTER EDUCATIONAL BUILDING CORP. (MISSISSIPPI): $50 million series 2010 revenue bonds (/AA-/); negotiated; Morgan Stanley & Co. Inc. (lead); 2010A bonds due 2030 and 2032; 2010B bonds due 2035; 2010C bonds due 2011 to 2025; proceeds to fund expansion and renovation of University of Mississippi Medical Center facilities.

• $19.325 million series 2010 Build America Bonds

• $20 million series 2010B economic recovery zone revenue bonds

• $10.675 million series 2010C revenue bonds

MODESTO IRRIGATION DISTRICT FINANCING AUTHORITY (CALIFORNIA): $99.455 million series 2010 revenue bonds (A2/A+/); negotiated; J.P. Morgan Securities Inc. (lead); Morgan Stanley & Co. Inc., Ramirez & Co. Inc., and Wells Fargo Securities LLC (co-managers); 2010A bonds due 2016 to 2025 with term bonds due 2030 and 2040; 2010B bonds due 2016 to 2025 with term bonds due 2030 and 2040; proceeds to acquire and construct a peaking plant, which will consist of six reciprocating engine generators, as well as finance the authority's share of the construction costs associated with the Lodi Energy Center.

NEW HANOVER COUNTY (NORTH CAROLINA): $82.46 million series 2010 general obligation public improvement bonds (Aaa/AA+/); negotiated; Stephens Inc. and Davenport & Co. LLC (lead); 2010A bonds due 2011 to 2030; 2010B bonds due 2022 to 2025 with term bond due 2030; proceeds to fund capital projects.

• $52.46 million series 2010A G.O. public improvement bonds

• $30 million series 2010B taxable G.O. public improvement bonds

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 WATER DEVELOPMENT AUTHORITY: $80.305 million series 2010 drinking water assistance revenue and refunding bonds (Aaa/AAA/); negotiated; Goldman, Sachs & Co. (lead); Bank of America Merrill Lynch, Siebert Brandford Shank & Co. LLC and PNC Capital Markets LLC (co-managers); 2010A tax-exempt bonds due 2010 to 2013; 2010B Build America Bonds due 2022 to 2025 with term bond due 2030; 2010C bonds due 2014; 2010A state match bonds due 2010 to 2012; 2010B state match BABs due 2014 to 2021; proceeds to finance clean drinking water projects.

• $7.23 million series 2010A tax-exempt revenue bonds

• $44.48 million series 2010B Build America Bonds

• $2.9 million series 2010C tax-exempt refunding bonds

• $19.35 million series 2010A state match tax-exempt bonds

• $6.345million series 2010B state match Build America Bonds

PUBLIC UTILITY DISTRICT NO. 1 OF CLARK COUNTY (WASHINGTON): $163.99 million series 2010 generating system revenue and refunding bonds (A2/A/A+); negotiated; Barclays Capital Inc. (lead); Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. (co-managers); bonds due 2011 to 2025 with term bond; proceeds to acquire, construct and install improvements to district's generating system, finance termination payment for 2003 exchange agreement and refund district's series 2000 generating system refunding revenue bonds.

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 FRANCISCO UNIFIED SCHOOL DISTRICT: $79.5 million series 2010 tax and revenue anticipation notes; negotiated; Barclays Capital Inc. (lead); notes due 2011; proceeds to finance operating expenses, capital projects and other required expenses ahead of the collection of taxes and revenues.

TOHOPEKALIGA WATER AUTHORITY (FLORIDA): $95 million series 2010A utility system revenue refunding bonds (Aa3/AAA/); negotiated; FirstSouthwest Co. (lead): proceeds to refund existing debt issued to improve and expand utility system.

WASHINGTON HEALTH CARE FACILITIES AUTHORITY/PROVIDENCE HEALTH & SERVICES: $176 million series 2010A revenue bonds (Aa2/AA/AA); negotiated; Bank of America Merrill Lynch (lead); Goldman, Sachs & Co. and Morgan Stanley & Co. Inc. (co-managers); proceeds to finance construction of a 12-story health care facility to expand the health care system's Everett, Wash., site.

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