Municipals Calendar: Puerto Rico Sales Tax Financing to sell $1.57 billion

WEEK OF JUNE 21

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; pricing week of June 21.

JUNE 22

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; pricing June 22.

• $73.11 million series 2010A bonds

• $16.325 million series 2010B bonds

HARRIS COUNTY (TEXAS): $450 million series 2010 tax anticipation notes; competitive; First Southwest Co. (financial adviser); notes due Feb. 28, 2011; proceeds to fund county's capital requirements ahead of collection of ad valorem and other taxes; pricing June 22.

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; pricing June 22.

NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY: $400 million fiscal 2010 series GG water and sewer second general resolution revenue bonds (Aa2/AA+/AA+); negotiated; Morgan Keegan & Co. Inc. (lead); Barclays Capital Inc.; Jefferies & Co.; M.R. Beal & Co.; Ramirez & Co. Inc.; Bank of America Merrill Lynch; Citigroup Global Markets Inc.; Fidelity Capital Markets; Goldman, Sachs & Co.; J.P. Morgan Securities Inc.; Loop Capital Markets LLC; Morgan Stanley & Co. Inc; Raymond James & Associates Inc.; RBC Capital Markets Inc.; Rice Financial Products Co.; Roosevelt & Cross Inc.; Siebert Brandford Shank & Co. LLC; Wells Fargo Bank, N.A.; BB&T Capital Markets; Lebenthal & Co. LLC; Oppenheimer & Co. Inc.; Piper Jaffray & Co.; Stifel, Nicolaus & Co.; and Stone & Youngberg (co-managers); proceeds to redeem existing commercial paper notes and finance improvements to city's water and sewer system; pricing June 22.

PUERTO RICO SALES TAX FINANCING CORP.: $1.572 billion series 2010 revenue bonds (A1/A+/); negotiated; Citigroup Global Markets Inc., Bank of America Merrill Lynch, J.P. Morgan Securities Inc. and Wells Fargo Securities Inc. (lead for 2010C bonds); Santander Securities Inc., Popular Securities and UBS Financial Services Inc. of Puerto Rico (lead for 2010D-E bonds); Barclays Capital Inc.; Goldman, Sachs & Co.; Jefferies & Co.; Morgan Stanley & Co. Inc.; Ramirez & Co. Inc.; Raymond James & Associates Inc.; RBC Capital Markets Corp.; and UBS Financial Services Inc. of Puerto Rico (co-managers for 2010C bonds); Barclays, BBVAPR MSD, Bank of America, Citi, FirstBank Securities Inc., Oriental Financial Services Inc., Raymond James & Associates Inc., Samuel A. Ramirez & Co. Inc. and Wells Fargo Securities (co-managers for 2010D-E bonds); proceeds to redeem existing refunded bonds and repay outstanding obligations; pricing June 22.

• $1.4 billion series 2010C sales tax first subordinate revenue bonds

• $80 million series 2010D sales tax first subordinate Build America Bonds

• $92 million series 2010E sales tax first subordinate recovery zone economic development bonds

RENEWABLE WATER RESOURCES (SOUTH CAROLINA): $63.83 million series 2010A sewer system refunding revenue bonds (Aa3/AA/); negotiated; Wells Fargo Securities Inc. (lead); bonds due 2011 to 2025; proceeds to refund Renewable Water Resources' series 1994, 1998, 2001A-B, 2003A-B and 2004 bonds; pricing June 22.

TEXAS PUBLIC FINANCE AUTHORITY: $341.47 million series 2010 general obligation refunding bonds (Aaa/AA+/AAA); negotiated; Barclays Capital Inc. (lead); Cabrera capital Markets Inc., Citigroup Global Markets Inc., Jefferies & Co. Inc., Ramirez & Co. Inc., Loop Capital Markets LLC, Piper Jaffray & Co. and Morgan Keegan & Co. Inc. (co-managers); 2010A bonds due 2010 to 2029 with term bonds; 2010B bonds due 2010 to 2029 with term bonds; proceeds to refund portion of authority's commercial paper notes and general obligation bonds; pricing June 22.

• $190.71 million series 2010A bonds

• $150.76 million series 2010B bonds

JUNE 23

BOARD OF REGENTS OF THE UNIVERSITY OF TEXAS SYSTEM: $520 million series 2010D revenue financing system taxable bonds (Aaa/AAA/AAA); negotiated; Morgan Stanley & Co. Inc. and Barclays Capital Inc. (lead); Cabrera Capital Markets LLC; Estrada Hinojosa & Co. Inc.; Fidelity Capital Markets Inc.; Goldman, Sachs & Co.; Loop Capital Markets LLC; Morgan Keegan & Co. Inc.; Southwest Securities Inc.; and Stone & Youngberg (co-managers); proceeds to refund a portion of university's tax-exempt commercial paper notes, as well as financing campus improvements; pricing June 23.

BROWARD COUNTY (FLORIDA): $228.78 million series 2010 half-cent sales tax revenue bonds (Aa2/AA+/AA+); negotiated; Morgan Stanley & Co. Inc. (lead); Citigroup Global Markets Inc., Goldman, Sachs & Co. and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to construct, acquire and equip a new 20-story courthouse in Fort Lauderdale; pricing June 23.

• $40 million series 2010A bonds

• $140 million series 2010B Build America Bonds

• $48.78 million series 2010C taxable recovery zone economic development bonds

CALIFORNIA: $157.705 million series 2010C veterans general obligation bonds (A1); competitive; Gardner, Underwood & Bacon LLC (financial adviser); 2010CF bonds due 2011 to 2017; 2010CG bonds due 2011 to 2018; 2010CH bonds due 2011 to 2018; proceeds to purchase residential property for veterans, as well as refund debt; pricing June 23.

• $83.975 million series 2010CF non-AMT bonds

• $25 million series 2010CG non-AMT bonds

• $48.73 million series 2010CH AMT bonds

JUNE 24

BAY AREA TOLL AUTHORITY (CALIFORNIA): $1.7 billion series 2010 subordinate toll bridge revenue bonds (A1/A+/); negotiated; Bank of America Merrill Lynch and Citigroup Global Markets Inc. (lead); proceeds to fund construction of new east span of the San Francisco-Oakland Bay Bridge; pricing June 24.

METROPOLITAN DISTRICT OF HARTFORD (CONNECTICUT): $138.1 million series 2010 general obligation bonds; competitive; First Southwest Co. (financial adviser); 2010A bonds due 2011 to 2035; 2010B bonds due 2011 to 2040; proceeds to finance water and sewer system improvements, clean water initiatives and combined funding projects; pricing June 24.

• $91.9 million series 2010A

• $46.2 million series 2010B

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

OREGON: $838.1 million series 2010A full faith and credit tax anticipation notes (MIG 1/SP-1+/F1+); negotiated; Citigroup Global Markets Inc. and Bank of America Merrill Lynch (lead); notes due June 30, 2011; proceeds to meet state's seasonal cash flow needs; pricing June 24.

UNIVERSITY OF CINCINNATI: $95 million series 2010 general receipt bonds (A1/A+/); negotiated; RBC Capital Markets Corp. (lead); proceeds to fund full or partial roof replacements at various campus buildings, the renovation of Morgens Hall and decommissioning of Scioto Hall, the rehabilitation of the medical science building and the refunding of existing debt; pricing June 24.

ON THE HORIZON

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.

BRUNSWICK-GLYNN COUNTY JOINT WATER AND SEWER COMMISSION (GEORGIA): $52.035 million series 2010C revenue bonds (Aa3/A+/); negotiated; Sterne, Agee & Leach Inc. (lead); bonds due 2011 to 2035; proceeds to construct, acquire and equip improvements to the system, including improvements to commission's administrative offices, and improvements to the system's infrastructure.

CHESTER COUNTY HEALTH AND EDUCATION FACILITIES AUTHORITY AND HOSPITALS AND HIGHER EDUCATION FACILITIES AUTHORITY OF PHILADELPHIA/JEFFERSON HEALTH SYSTEM (PENNSYLVANIA): $355 million series 2010 health system revenue bonds (Aa3/AA/AA); negotiated; Citigroup Global Markets Inc. (lead); J.P. Morgan Securities Inc., Bank of America Merrill Lynch, Goldman, Sachs & Co., RBC Capital Markets Corp. and Wells Fargo Securities Inc. (co-managers); 2010A bonds due 2011 to 2020 with term bonds due 2030, 2035 and 2040; 2010B bonds due 2011 to 2020 with term bonds due 2030, 2035 and 2040; proceeds to finance an addition and improvements to system's Paoli Hospital and refund debt.

• $165 million series 2010A bonds

• $190 million series 2010B bonds

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.

GEORGE WASHINGTON UNIVERSITY (WASHINGTON, D.C.): $138 million series 2010 taxable bonds (A1/A+/); negotiated; Barclays Capital Inc. (lead); J.P. Morgan Securities Inc. and Loop Capital Markets LLC (co-managers); bonds due 2010 to 2020; proceeds to redeem series 1999A District of Columbia university revenue bonds and fund general expenses.

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: $1.2 billion series 2010 tax and revenue anticipation notes; negotiated; J.P. Morgan Securities Inc. and Bank of America Merrill Lynch (lead); Loop Capital Markets LLC and RBC Capital Markets Corp. (co-managers); notes due March 31, 2011, May 31, 2011 and June 30, 2011; proceeds to fund general operating expenses for the 2010-2011 fiscal year.

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.

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

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.

OAKLAND (CALIFORNIA): $100 million series 2010-11 tax and revenue anticipation notes (MIG 1/SP-1+/F1+); negotiated; J.P. Morgan Securities Inc. and Siebert Brandford Shank & Co. LLC (lead); notes due March 30, 2011 and June 15, 2011; proceeds to fund general expenses required for fiscal year 2010-2011 ahead of the collection of taxes and revenues.

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 week of June 14.

• $201.9 million series 2010B Build America Bonds

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

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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