Municipals Calendar: Austin to bring $144.68 million in bonds

WEEK OF AUGUST 23

UNIVERSITY OF SOUTH CAROLINA: $85 million series 2010 athletic facilities revenue bonds (Aa3); negotiated; Barclays Capital Inc. (lead); proceeds to construct, renovate and equip athletic facilities, garage and maintenance facilities, a coaches' support facility and spring sports venues at the university, as well as refund series 2002 bonds; pricing week of Aug. 23.

• $75 million series 2010A bonds

• $10 million series 2010B refunding bonds

AUGUST 26

AUSTIN: $144.678 million public improvement bonds and certificates of obligation (Aaa/AAA/AAA); competitive; Public Financial Management Inc. (financial adviser); 2010A bonds due 2011 to 2030; 2010B bonds due 2011 to 2030; 2010 certificates of obligation due 2011 to 2030; 2010 public property finance contractual obligations due 2011 to 2017; proceeds to finance a variety of capital improvement projects; pricing Aug. 26.

• $79.528 million series 2010A public improvement bonds

• $26.4 million series 2010B taxable public improvement bonds

• $22.3 million series 2010 certificates of obligation

• $16.45 million series 2010 public property finance contractual obligations

POLK COUNTY (FLORIDA): $50 million series 2010 utility system revenue bonds (Aa3/AAA/); negotiated; Bank of America Merrill Lynch (lead); Citigroup Global Markets Inc., Edward Jones & Co. and Raymond James & Associates Inc. (co-managers); proceeds to acquire, construct, extend and improve county's utility system; pricing Aug. 26.

ON THE HORIZON

ARKANSAS STUDENT LOAN AUTHORITY: $267.5 million series 2010-1 student loan asset-back Libor floating-rate notes (Aaa//AAA); negotiated; RBC Capital Markets Corp. and Bank of America Merrill Lynch (lead); notes due Nov. 25, 2043; proceeds to finance student loans.

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.

CHICAGO PARK DISTRICT (ILLINOIS): $68 million series 2010 general obligation bonds (Aa2/AA+/AAA); negotiated; Wells Fargo Securities LLC (lead); Estrada Hinojosa & Co. Inc., Jefferies & Co. and M.R. Beal & Co. (co-managers); proceeds to construct, maintain and improve city's park.

• $50 million series 2010A limited tax bonds

• $18 million series 2010B unlimited tax bonds

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

GLYNN COUNTY SCHOOL DISTRICT (GEORGIA): $51.585 million series 2010 general obligation sales tax bonds; negotiated; BB&T Capital Markets Inc. (lead); bonds due 2011 to 2015; proceeds to construct, acquire and equip certain capital outlay projects for the district.

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.

INDIANA FINANCE AUTHORITY: $70.045 million series 2010A highway revenue refunding bonds; negotiated; Bank of America Merrill Lynch (lead); Edward Jones & Co., Siebert Brandford Shank & Co. LLC and Blaylock Robert Van LLC (co-managers); bonds due 2012 to 2022; proceeds to refund existing highway improvement bonds.

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

LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIES AND COMMUNITY DEVELOPMENT AUTHORITY: $68.65 million series 2010 revenue bonds (A1/A+/); negotiated; Morgan Keegan & Co. Inc. (lead); Coastal Securities Inc., Crews & Associates Inc., Doley Securities LLC and Stephens Inc. (co-managers); bonds due 2020 to 2025; proceeds to install a student information system at Louisiana Community and Technical College System schools throughout the state.

MIAMI-DADE COUNTY (FLORIDA): $217.26 million series 2010 transit system sales surtax revenue bonds; negotiated; Loop Capital Markets LLC (lead); Barclays Capital Inc., M.R. Beal & Co. Inc., Rice Financial Products Co., Wells Fargo Securities LLC, Estrada Hinojosa & Co. Inc., Jackson Securities Inc., Morgan Stanley & Co. Inc., RBC Capital Markets Corp., Siebert Brandford Shank & Co. LLC, Stifel, Nicolaus & Co. Inc. and Ramirez & Co. Inc. (co-managers); proceeds to finance bus service, rapid transit and major highway improvements.

• $13.39 million series 2010A bonds

• $203.87 million series 2010B Build America Bonds

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 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.

• $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

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.

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

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.

SPOKANE COUNTY (WASHINGTON): $78.34 million series 2010 limited tax general obligation bonds; negotiated; Barclays Capital Inc. (lead); 2010B bonds due 2011 to 2032; 2010C bonds due 2011 to 2032; 2010D bonds due 2011 to 2031; proceeds to finance improvements to county's wastewater system, as well as grant Health Sciences and Services Authority loans to fund biomedical research.

• $21.465 million series 2010B

• $39.595 million series 2010C Build America Bonds

• $17.28 million series 2010D taxable bonds

SUNRISE (FLORIDA): $119.555 million series 2010 utility system revenue bonds (/AA-/AA); negotiated; Morgan Stanley & Co. Inc. (lead); Raymond James & Associates Inc., Goldman, Sachs & Co. and Sterne, Agee & Leach Inc. (co-managers); proceeds to finance capital projects under city's five-year plan and refund series 1993 and 1996 bonds.

• $59.535 million series 2010A

• $55.02 million series 2010B Build America Bonds

• $5 million series 2010C refunding 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.

UNIVERSITY OF AKRON (OHIO): $142.7 million series 2010 general receipts bonds (Aa3/AAA/); negotiated; Morgan Stanley & Co. Inc. (lead); Fifth Third Securities Inc., PNC Capital Markets LLC, Blaylock Robert Van LLC and KeyBanc Capital Markets LLC (co-managers); 2010A bonds due 2011 to 2023 with term bond due 2029; 2010B bonds due 2029; proceeds to refund university's outstanding series 2008C bonds.

• $135.7 million series 2010A tax-exempt bonds

• $7 million series 2010B Build America Bonds

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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