Municipals Calendar: Kentucky commission plans $468 million sale

WEEK OF AUGUST 16

KENTUCKY ASSET/LIABILITY COMMISSION: $468.15 million first series 2010 general fund funding notes; negotiated; J.P. Morgan Securities Inc. (lead); Citigroup Global Markets Inc.; Morgan Stanley & Co. Inc.; J.J.B. Hilliard, W.L. Lyons, LLC; PNC Capital Markets LLC; Edwards D. Jones & Co., LP; First Kentucky Securities Corp.; Stifel, Nicolaus & Co., Inc.; and Ross, Sinclaire & Associates, LLC (co-managers); serial maturities from 2011 through 2020; proceeds to finance or refinance outstanding obligations and to fund state medical insurance fund obligations of the Teachers' Retirement System of the State of Kentucky; pricing week of Aug. 16.

NEW JERSEY HEALTHCARE FACILITIES FINANCING AUTHORITY/ROBERT WOOD JOHNSON UNIVERSITY HOSPITAL (A2/A-/); negotiated; J.P. Morgan Securities Inc. (lead); proceeds to refund series 2000 bonds and make a deposit to a debt service reserve fund; pricing week of Aug. 16.

SONOMA COUNTY (CALIFORNIA): $289.335 million series 2010A taxable pension obligation bonds (/AA-/AA); negotiated; J.P. Morgan Securities Inc. and Bank of America Merrill Lynch (lead); Goldman, Sachs & Co. (co-manager); bonds due 2010 to 2024 with term bond due 2029; proceeds to be deposited to county's pension fund; pricing week of Aug. 16.

AUGUST 17

IDAHO HEALTH FACLITIES AUTHORITY/ST. LUKE'S REGIONAL MEDICAL CENTER: $150 million series 2010 revenue bonds; negotiated; Citigroup Global Markets Inc. (lead); proceeds for capital projects at St. Luke's Regional Medical Center; pricing Aug. 17.

INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF SCOTTSDALE/SCOTTSDALE HEALTH CARE (ARIZONA): $110 million series 2010 revenue bonds (Aa3/AAA/); negotiated; Citigroup Global Markets Inc. (lead); bonds due 2028, 2035 and 2039; proceeds to finance capital improvements to Scottsdale Health Care facilities; pricing Aug. 17.

LOUISIANA: $405.3 million series 2010B second-lien gasoline and fuel tax revenue bonds (Aa2/AA/); negotiated; Goldman, Sachs & Co. and Citigroup Global Markets Inc. (lead); Morgan Keegan & Co. Inc., Stephens Inc., Loop Capital Markets LLC and Sterne, Agee & Leach Inc. (co-managers); bonds due 2013 to 2030 with term bonds due 2035, 2040 and 2045; proceeds to construct and maintain the New Florida Avenue Bridge and the Interstate 12 to Bush Highway project, also known as Louisiana Highway 3241; pricing Aug. 17.

NEW YORK MORTGAGE AGENCY: $92.885 million mortgage revenue bonds; negotiated; Morgan Stanley & Co. Inc. (lead); Bank of America Merrill Lynch, J.P. Morgan Securities Inc., Citigroup Global Markets Inc., George K. Baum & Co. Inc., Goldman, Sachs & Co., Ramirez & Co. Inc., RBC Capital Markets Corp. and Roosevelt & Cross Inc. (co-managers); 41st series bonds due 2011 to 2021 with term bond due 2024; 42nd series bonds due 2011 to 2019; 43rd series bonds due 2011 to 2017; 44th series bonds due 2011 to 2021 with term bond due 2024; proceeds to finance mortgage loans; pricing Aug. 17.

• $18.66 million 41st series non-AMT bonds

• $21.34 million 42nd series non-AMT bonds

• $14.33 million 43rd series non-AMT bonds

• $38.555 million 44th series AMT bonds

OHIO BUILDING AUTHORITY: $202.35 million series 2010 state facilities refunding bonds; negotiated; Morgan Stanley & Co. Inc. (lead); proceeds to refund bonds issued to finance administrative building, adult correctional building and juvenile correctional building projects; pricing Aug. 17.

• $72.15 million series 2010A adult correctional building refunding bonds

• $115.85 million series 2010C administrative building fund projects refunding bonds

• $14.35 million series 2010D juvenile correctional building fund projects refunding bonds

WICHITA (KANSAS): $192.2 million general obligation bonds and notes; competitive; Springsted Inc. (financial adviser); 2010A bonds due 2012 to 2019; 2010B bonds due 2011 to 2018; series 240 G.O. notes due Sept. 15, 2011; proceeds to pay the principal of and redemption premium on the city's outstanding series 2004 general obligation sales tax bonds that mature on or after April 1, 2012; refund the outstanding series 768, 770, 772, 773 and 774 bonds; and provide temporary financing for improvements to the water system aquifer storage and recovery project; pricing Aug. 17.

• $22.315 million series 2010A sales tax refunding bonds

• $29.885 million in series 2010B refunding bonds

• $140 million series 240 general obligation improvement temporary notes

AUGUST 18

KANSAS DEPARTMENT OF TRANSPORTATION: $325 million series 2010 revenue Build America Bonds (Aa1/AAA/AA+); negotiated; Barclays Capital Inc. (lead); bonds due 2035; proceeds to finance projects under department's 10-year capital plan; pricing Aug. 18.

LOS ANGELES DEPARTMENT OF WATER AND POWER: $140 million series 2010C power system revenue bonds (Aa3/AA-/AA-); negotiated; Loop Capital Markets LLC, Ramirez & Co. Inc., Stone & Youngberg and Wells Fargo Securities LLC (co-managers); bonds due July 1, 2027; proceeds to construct Pine Tree Wind Turbine Expansion Project, a 120MW wind generating facility in Mohave, Calif., as well as construct the Pine Tree and Adelanto solar projects, two photovoltaic generators; pricing Aug. 18.

AUGUST 19

NORTH CAROLINA MEDICAL CARE COMMISSION/CAROMONT HEALTH CARE SYSTEM: $106 million series 2010 revenue bonds (Aa3/AAA/); negotiated; Bank of America Merrill Lynch (lead); proceeds to finance capital projects for Gastonia Memorial Hospital; pricing Aug. 19.

WEEK OF AUGUST 23

AUGUST 24

NASSAU COUNTY (NEW YORK): $141.725 million general obligation bonds (Aa3/A+/AA-); competitive; Public Financial Management, Inc. (financial adviser); 2010C bonds due 2012 to 2026; 2010D bonds due 2026 and 2027; proceeds to fund various public purposes, including payments to county employees, capital projects and judgments and settlements; pricing Aug. 24.

• $126.62 million series 2010C bonds

• $15.105 million series 2010D Build America Bonds

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.

CHICAGO: $70.425 million series 2010 general obligation notes; negotiated; BMO Capital Markets Corp. and Grigsby & Associates, Inc. (co- senior managers); due June 1, 2012; proceeds for the Chicago Public Library maintenance, operation and building funds.

DISTRICT OF COLUMBIA: $54.435 million series 2010 deed tax revenue bonds (A1//A); negotiated; Rice Financial Products Co. and M.R. Beal & Co. (lead); Cabrera Capital Markets LLC and Prager, Sealy & Co. LLC (co-managers); proceeds to finance construction of public housing, fund social services and provide education and training programs to impoverished areas of the city.

• $23.935 million series 2010A

• $27.04 million series 2010B

• $3.46 million series 2010C taxable bonds

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/ROCKEFELLER UNIVERSITY: $50 million series 2010A revenue bonds; negotiated; J.P. Morgan Securities Inc. (lead); proceeds to renovate and modernize existing university buildings, as well as construct a bridging building between two existing buildings.

FORSYTH COUNTY (NORTH CAROLINA): $199.625 million series 2010 general obligation bonds (Aaa/AAA/AAA); negotiated; Bank of America Merrill Lynch and Stephens Inc. (lead); 2010A bonds due 2012 to 2021; 2010B bonds due 2012 to 2020; 2010C bonds due 2021 to 2025 with term bond due 2030; 2010D bonds due 2027; 2010E bonds due 2011 to 2023; proceeds to finance capital improvements, including construction of new schools, as well as to refund county's series 2003A-B, 2007 and 2008 bonds.

• $14.225 million series 2010A G.O. public improvement bonds

• $41.195 million series 2010B G.O. public improvement bonds

• $75.8 million series 2010C Build America Bonds

• $26.405 million series 2010D taxable qualified school construction bonds

• $42 million series 2010E G.O. refunding bonds

HOUSTON: $229 million series 2010C first-lien combined utility system revenue refunding bonds (Aa2/AA/AA-); negotiated; RBC Capital Markets Corp. (lead); J.P. Morgan Securities Inc., Siebert Brandford Shank & Co. LLC, Fidelity Capital Markets LLC, Jefferies & Co. and Southwest Securities Inc. (co-managers); bonds due 2011 to 2019; proceeds to refund and defease city's outstanding series 1997E, 1999B-C and 2000A water and sewer system junior lien revenue refunding bonds.

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.

JURUPA PUBLIC FINANCING AUTHORITY (CALIFORNIA): $86.23 million series 2010 revenue bonds (/A-/); negotiated; Stone & Youngberg (lead); Piper Jaffray & Co. (co-manager); proceeds to fund loans to public entities for general capital improvements.

• $67.26 million series 2010A superior lien bonds

• $18.97 million series 2010B subordinate lien bonds

MEDICAL CENTER HOSPITAL AUTHORITY/COLUMBUS REGIONAL HEALTH CARE SYSTEM INC. (GEORGIA): $170 million series 2010 tax-exempt revenue anticipation certificates (Aa3/AAA/); negotiated; Barclays Capital Inc. (lead); proceeds to finance improvements to Columbus Regional Health Care System facilities, as well as refund debt.

MICHIGAN FINANCE AUTHORITY: $745.9 million series 2010D state aid revenue notes; negotiated; Siebert Brandford Shank & Co. LLC and Morgan Stanley & Co. Inc. (lead); Cabrera Capital Markets LLC, Fidelity Capital Markets Inc., Fifth Third Securities Inc., PNC Capital Markets LLC, Stifel, Nicolaus & Co. Inc. and Wells Fargo Brokerage LLC (co-managers); 2010D-1 notes due Aug. 19, 2011; 2010D-2 notes due Aug. 22, 2011; 2010D-3 notes due Aug. 22, 2011; proceeds to purchase notes issued by school districts within the state.

• $256.625 million series 2010D-1 notes

• $269.1 million series 2010D-2 notes

• $220.175 million series 2010D-3 notes

MISSISSIPPI BUSINESS FINANCE CORP.: $100 million series 2010 Gulf Opportunity Zone industrial development bonds (Aaa/VMIG 1); negotiated; SunTrust Robinson Humphrey and Natixis Securities North America Inc. (lead); bonds due Aug. 1, 2035; proceeds to construct, install and equip the Southern Pines Energy Center, a 40 billion cubic-foot natural gas storage facility in Green County, Miss.

NEW MEXICO EDUCATIONAL ASSISTANCE FOUNDATION: $383 million series 2010-1A education loan bonds (Aaa/AAA/); negotiated; Bank of America Merrill Lynch and RBC Capital Markets Corp. (lead); 2010-A-1 bonds due 2011 to 2022; 2010-1A-2 bonds due Dec. 1, 2028; 2010-1A-3 bonds due Dec. 1, 2038; proceeds to refund existing debt.

• $155 million series 2010-1A-1 tax-exempt non-AMT fixed-rate bonds

• $140 million series 2010-1A-2 tax-exempt non-AMT Libor floating-rate bonds

• $88 million series 2010-1A-3 tax-exempt non-AMT Libor floating-rate bonds

PUBLIC UTILITY DISTRICT NO. 1 OF DOUGLAS COUNTY (WASHINGTON):$113.065 million series 2010 Wells Hydroelectric bonds (Aa3/AA/); negotiated; J.P. Morgan Securities Inc. and Seattle-Northwest Securities Corp. (lead); proceeds to finance generator rebuilds and other capital improvements, as well as to refund the district's series 1999A and 2000A bonds.

• $57.3 million series 2010A bonds

• $39.225 million series 2010B Build America Bonds

• $3.475 million series 2010C non-AMT bonds

• $13.065 million series 2010D AMT bonds

SARASOTA COUNTY SCHOOL BOARD (FLORIDA): $72.34 million series 2010B certificates of participation (Aa2/AA-/AA); negotiated; Citigroup Global Markets Inc. (lead); RBC Capital Markets Corp., Wells Fargo Securities LLC and Raymond James & Associates Inc. (co-managers); COPs due 2011 to 2025; proceeds to finance acquisition, construction and lease purchase of new school buildings, as well as rehabilitation and improvement of existing buildings.

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/SEATTLE CHILDREN'S HOSPITAL: $118.27 million series 2010 revenue bonds (Aa3//AA); negotiated; Goldman, Sachs & Co. (lead); J.P. Morgan Securities Inc. and Bank of America Merrill Lynch (co-managers); 2010A bonds due 2035 and 2040; 2010B bonds due 2011 to 2022; proceeds to reimburse the Seattle Children's Hospital for its acquisitions of real property, which will be developed and used by the hospital, as well as to refund its series 1998 bonds.

• $75 million series 2010A revenue bonds

• $43.27 million series 2010B refunding revenue bonds

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