Municipals Calendar: Kentucky Housing preps $116 million sale

WEEK OF JULY 12

JEA (FLORIDA): $63.35 million series 2010 electric system revenue bonds; negotiated; J.P. Morgan Securities Inc. (lead); Citigroup Global Markets Inc., Barclays Capital Inc., Bank of America Merrill Lynch, Goldman, Sachs & Co., Morgan Stanley & Co. Inc. and Wells Fargo Securities LLC (co-managers); series three 2010B bonds due 2011 to 2030; three series 2010C bonds due 2012 to 2014 with term bonds due 2021 and 2026; 2010A bonds due 2010 to 2017; 2010B bonds due 2012 to 2024; proceeds to refund authority's series 2004A bonds and make a deposit to a construction fund; pricing week of July 12.

• $8.52 million series three 2010B bonds

• $9.115 million series three 2010C bonds

• $18.21 million series 2010A subordinated revenue bonds

• $27.505 million series 2010B subordinated revenue bonds

TRUST FOR CULTURAL RESOURCES OF THE CITY OF NEW YORK/MUSEUM OF MODERN ART: $57 million series 2010-1A refunding revenue bonds (Aa2); negotiated; Goldman, Sachs & Co. (lead); proceeds to refund existing bonds, which were used to finance improvements to city's Museum of Modern Art; pricing week of July 12.

JULY 13

COLLIER COUNTY (FLORIDA): $62.5 million series 2010 special obligation revenue bonds (Aa2/AA/AA); competitive; Public Financial Management Inc. (financial adviser); bonds due 2011 to 2034; proceeds to refinance existing debt; pricing July 13.

KENTUCKY HOUSING CORP.: $116 million series 2010 housing revenue bonds; negotiated; Bank of America Merrill Lynch and Citigroup Global Markets Inc. (lead); 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, Nicoluas & Co. Inc.; Ross, Sinclaire & Associates Inc.; and Sterne, Agee & Leach Inc. (co-managers); 2010B bonds due 2011 to 2022 with term bonds due 2024 and 2027; 2010C bonds due 2027 with term bond due 2033; 2010D bonds due 2015 to 2021 with term bond due 2034; 2010E bonds due 2025, 2030 and 2035; proceeds to fund mortgage loans, as well as refund corporation's series 2000 bonds; pricing July 13.

• $40 million series 2010B non-AMT bonds

• $10 million series 2010C non-AMT bonds

• $46 million series 2010D AMT bonds

• $20 million series 2010E non-AMT bonds

JULY 14

CHARLESTON COUNTY SCHOOL DISTRICT (SOUTH CAROLINA): $65 million series 2010 tax anticipation notes (MIG 1); competitive; Public Financial Management Inc. (financial adviser); proceeds to fund district's anticipated capital needs ahead of the collection of ad valorem taxes; pricing July 14.

FRANKLIN COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (VERMONT): $130 million series 2010 general obligation bonds; negotiated; RBC Capital Markets Corp. (lead); proceeds to fund industrial development projects; pricing July 14.

ILLINOIS: $900 million series 2010-5 general obligation Build America Bonds (A1/A+/A-); negotiated; Citigroup Global Markets Inc. (lead); Morgan Keegan & Co. Inc. and PNC Capital Markets LLC (co-senior managers); Baird & Co., Grigsby & Associates Inc., Melvin & Co. and Rice Financial Products Co. (co-managers); proceeds to fund transportation projects and capital projects throughout the state; pricing July 14.

MARYLAND TRANSPORTATION AUTHORITY: $299.175 million series 2010 transportation facilities revenue bonds (Aa3/AA-/AA-); negotiated; Citigroup Global Markets Inc. and Goldman, Sachs & Co. (lead); Loop Capital Markets LLC, Merrill Lynch & Co. Inc. and M&T Securities Inc. (co-managers); 2010A bonds due 2015 to 2017; 2010B bonds due 2017 to 2020 with term bonds due 2030 and 2041; proceeds to construct, acquire, repair and expand a variety of projects, including the Potomac River Bridge, the Chesapeake Bay Bridge, the Baltimore Harbor Tunnel, the John F. Kennedy Memorial Highway, the Baltimore Harbor Outer Bridge, the Fort McHenry Tunnel and the Intercounty Connector; pricing July 14.

• $12.015 million series 2010A tax-exempt bonds

• $287.16 million series 2010B Build America Bonds

JULY 15

LOS ANGELES COMMUNITY COLLEGE DISTRICT: $875 million election of 2008 series 2010 general obligation bonds (Aa2/AA/); 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; pricing July 15.

WEEK OF JULY 19

REGIONAL TRANSPORTATION AUTHORITY (ILLINOIS): $140 million series 2010C general obligation working cash notes (Aa3/AA/AA-); negotiated; Bank of America Merrill Lynch (lead); Loop Capital Markets LLC and Cabrera Capital Markets LLC (co-managers); notes due July 1, 2012; proceeds to meet cash flow deficits.

JULY 19

KING COUNTY (WASHINGTON): $336.035 million series 2010 sewer revenue and refunding bonds (/AA+/); competitive; Seattle Northwest Securities Inc. (financial adviser); proceeds to finance improvements to the county's sewer system, as well as to refund existing sewer revenue bonds; pricing July 19.

JULY 21

MIAMI-DADE COUNTY (FLORIDA): $523.475 million series 2010B aviation revenue bonds (//A); negotiated; J.P. Morgan Securities Inc. (lead); Goldman, Sachs & Co.; M.R. Beal & Co.; Morgan Keegan & Co. Inc.; Rice Financial Products Co.; Barclays Capital Inc.; Estrada Hinojosa & Co. Inc.; Jackson Securities; Loop Capital Markets LLC; Morgan Stanley & Co. Inc.; Ramirez & Co. Inc.; RBC Capital Markets Corp.; Siebert Brandford Shank & Co. LLC; and Wells Fargo Securities LLC; proceeds to fund improvements to Miami International Airport; pricing July 21.

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.

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.

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.

HAWAII COUNTY (HAWAII): $60 million series 2010 general obligation bonds (Aa2/AA-/AA-); negotiated; Bank of America Merrill Lynch (lead); 2010A bonds due 2013 to 2016; 2010B bonds due 2015 to 2030; proceeds to finance county capital improvement projects.

• $7.95 million series 2010A tax-exempt

• $52.05 million series 2010B taxable

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

IMPERIAL IRRIGATION DISTRICT (CALIFORNIA): $250 million series 2010B Build America Bonds electric system revenue certificates of participation (A1/AA-/); negotiated; Citigroup Global Markets Inc. and Goldman, Sachs & Co. (lead); Barclays Capital Inc. and De La Rosa & Co. (co-managers); certificates due 2018 to 2040; proceeds to finance the El Centro Unit 3 Repower Project, which will provide an additional 100 megawatts of generation capacity to the El Centro Generating Station.

LOS ANGELES COMMUNITY COLLEGE DISTRICT: $175 million 2008 election series 2010C general obligation bonds (Aa1/AA/); negotiated; Morgan Stanley & Co. Inc. (lead); Goldman, Sachs & Co., Ramirez & Co. Inc., Backstrom McCarley Berry & Co. LLC, Bank of America Merrill Lynch, Citigroup Global Markets Inc., De La Rosa & Co. 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.

LOS ANGELES COMMUNITY COLLEGE DISTRICT: $125 million 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.

METROPOLITAN WASHINGTON AIRPORTS AUTHORITY: $387 million series 2010 airport system revenue and refunding bonds (//AA); negotiated; Barclays Capital Inc. and J.P. Morgan Securities Inc. (lead); Citigroup Global Markets Inc., Bank of America Merrill Lynch, Morgan Stanley & Co. Inc., Morgan Keegan & Co. Inc., Siebert Brandford Shank & Co. LLC and Wells Fargo Securities LLC; proceeds to refinance a portion of the authority's outstanding commercial paper, as well as fund capital projects.

• $215 million series 2010A non-AMT revenue bonds

• $172 million series 2010B AMT refunding bonds

MIAMI (FLORIDA): $103.63 million series 2010 special obligation parking revenue bonds (Aa3/AAA/); negotiated; Bank of America Merrill Lynch (lead); RBC Capital Markets Corp., Morgan Keegan & Co. Inc., Goldman, Sachs & Co. and Raymond James & Associates Inc. (co-managers); proceeds to construct a parking structure at the Florida Marlins Stadium.

• $86.69 million series 2010A tax-exempt bonds

• $16.94 million series 2010B taxable bonds

ORCHARD CULTURAL EDUCATION FACILITIES FINANCE CORP./KIMBELL ART FOUNDATION (TEXAS): $60.44 million series 2010 revenue bonds (/AA-/AA); negotiated; J.P. Morgan Securities Inc. (lead); BOSC Inc. (co-manager); 2010A bonds due 2015 to 2039; 2010B bonds due 2015 to 2034; proceeds to acquire, equip and construct an expansion for Kimbell Art Museum, as well as required additional parking facilities.

• $12.67 million series 2010A tax-exempt bonds

• $47.77 million series 2010B taxable bonds

PORT OF HOUSTON AUTHORITY (TEXAS): $300 million series 2010 improvement and refunding bonds; negotiated; Bank of America Merrill Lynch (lead); Jefferies & Co., Ramirez & Co. Inc., RBC Capital Markets Corp., Rice Financial Products Co., Siebert Brandford Shank & Co. LLC and Wells Fargo Securities LLC (co-managers); proceeds to finance improvements to city's port and refund existing port debt.

• $250 million series 2010D unlimited tax port improvement and refunding bonds

• $50 million series 2010E unlimited tax refunding bonds

PORT OF SEATTLE (WASHINGTON): $394.58 million series 2010 revenue refunding bonds; negotiated; Morgan Stanley & Co. Inc. (lead); Barclays Capital Inc., Goldman, Sachs & Co. and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to reimburse port for capital airport facilities and refund existing debt.

• $25.26 million series 2010A non-AMT bonds

• $233.265 million series 2010B non-AMT bonds

• $136.055 million series 2010C AMT bonds

RHODE ISLAND AND PROVIDENCE PLANTATIONS: $350 million series 2011general obligation tax anticipation notes; negotiated; J.P. Morgan Securities Inc. (lead); Morgan Keegan & Co. Inc. and Oppenheimer & Co. Inc. (co-managers); notes due June 30, 2011; proceeds to fund general expenses of the state.

ST. JOHNS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/PRESBYTERIAN RETIREMENT COMMUNITIES (FLORIDA): $113 million series 2010A revenue bonds (//A-); negotiated; Raymond James & Associates Inc. and Herbert J. Sims & Co. (lead); bonds due 2017 to 2020 with term bonds due 2030, 2040 and 2045; proceeds to refund existing bonds, which were used to construct retirement communities in St. Petersburg, Jacksonville, Winter Park, Tallahassee, Orlando and Bradenton.

TEXAS TRANSPORTATION COMMISSION: $1.5 billion series 2010 state highway fund first tier revenue bonds (Aaa/AAA/); negotiated; Goldman, Sachs & Co. (lead); Bank of America Merrill Lynch, Citigroup Global Markets Inc., Estrada Hinojosa & Co. Inc., Morgan Keegan & Co. Inc., M.R. Beal & Co. Inc., Piper Jaffray & Co. Inc. and Southwest Securities Inc.; proceeds to construct and improve state highways.

• $115.565 million series 2010A tax-exempt bonds

• $1,384,435,000 series 2010B Build America Bonds

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.

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