Municipals Calendar: Utah to bring to market $1.06 billion in bonds

WEEK OF SEPTEMBER 20

DORMITORY AUTHORITY OF THE STATE OF NEW YORK: $126.745 million series 2010A State University Dormitory Facilities Issue lease revenue bonds; negotiated; Loop Capital Markets LLC (lead); Janney Montgomery Scott LLC and Southwest Securities Inc. (co-managers); proceeds to finance capital improvements to a variety of facilities within the state's university system; pricing week of Sept. 20.

NORTH CAROLINA MEDICAL CARE COMMISSION/BLUE RIDGE HEALTH CARE: $50.545 million series 2010A health care facilities revenue refunding bonds (A3/A/); negotiated; Bank of America Merrill Lynch (lead); Barclays Capital Inc. (co-manager); bonds due 2011 to 2020 with term bonds; proceeds to refund debt; pricing week of Sept. 20.

OHIO WATER DEVELOPMENT AUTHORITY: $123.73 million series 2010 drinking water assistance fund 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); 2010C bonds due 2010 to 2021; 2010D bonds due 2010 to 2014; proceeds to refund authority's series 2002, 2004, 2005B and 2008 bonds; pricing week of Sept. 20.

• $108.08 million series 2010C leverage series bonds

• $15.65 million series 2010D state match series bonds

SAN DIEGO COUNTY REGIONAL AIRPORT AUTHORITY: $417.82 million series 2010 subordinate airport revenue bonds (A2/A/); negotiated; Siebert Brandford Shank & Co. LLC and J.P. Morgan Securities Inc. (lead); Cabrera Capital Markets LLC, Citigroup Global Markets Inc., Jefferies & Co. and Loop Capital Markets LLC (co-managers); proceeds to finance capital improvements at San Diego International Airport and refund commercial paper notes; pricing week of Sept. 20.

• $257.74 million series 2010A non-AMT bonds

• $27.145 million series 2010B non-AMT bonds

• $132.935 million series 2010C Build America Bonds

TENNESSEE HOUSING DEVELOPMENT AGENCY: $120.7 million series 2010 homeownership program bonds (Aa1/AA+/); negotiated; Bank of America Merrill Lynch (lead); RBC Capital Markets Corp., Morgan Keegan & Co. Inc., Citigroup Global Markets Inc., Raymond James & Associates Inc., M.R. Beal & Co. Inc. and Wiley Bros. (co-managers); 2010-1A bonds due 2014 to 2022 with term bond due July 1, 2025; 2010-1B bonds due 2011 to 2017; 2010-1C bonds due 2011 to 2021 with term bonds due Jan. 1, 2025, and July 1, 2025; proceeds to finance mortgage loans; pricing week of Sept. 20.

• $25 million series 2010-1A non-AMT bonds

• $6.475 million series 2010-1B non-AMT bonds

• $89.225 million series 2010-1C AMT bonds

TENNESSEE STATE SCHOOL BOND AUTHORITY: $212.44 million series 2010 qualified school construction bonds; negotiated; Barclays Capital Inc. and Citigroup Global Markets Inc. (lead); Goldman, Sachs & Co., J.P. Morgan Securities Inc., Morgan Keegan & Co. Inc., Morgan Stanley & Co. Inc., RBC Capital Markets Corp. and Siebert Brandford Shank & Co. LLC (co-managers); bonds due Sept. 15, 2027; proceeds to construct and renovate schools throughout the state; pricing week of Sept. 20.

TEXAS TRANSPORTATION COMMISSION: $1 billion series 2010 Texas highway general obligation bonds (Aaa/AA+/AAA); negotiated; J.P. Morgan Securities Inc. (lead), Jefferies & Co., Loop Capital Markets LLC, Morgan Stanley & Co. Inc., Ramirez & Co. Inc., Siebert Brandford Shank & Co. LLC and Wells Fargo Securities LLC (co-managers); proceeds to pay for or reimburse the state for highway improvement costs; pricing Sept. 21 or 22.

UNIVERSITY OF HAWAII: $293.17 million series 2010 university revenue bonds; negotiated; Bank of America Merrill Lynch (lead); 2010A-1 bonds due 2019 to 2025 with term bonds due 2030 and 2040; 2010A-2 bonds due 2011 to 2018; 2010B-1 bonds due 2019 to 2025 with term bonds due 2030 and 2040; 2010B-2 bonds due 2011 to 2018; proceeds to finance or refinance costs associated with constructing and maintaining the university's Cancer Research Center of Hawaii; pricing week of Sept. 20.

• $115.145 million series 2010A-1 Build America Bonds

• $23.61 million series 2010A-2 tax-exempt bonds

• $128.295 million series 2010B-1 Build America Bonds

• $26.12 million series 2010B-2 tax-exempt bonds

UNIVERSITY OF WASHINGTON: $163.915 million series 2010 general revenue bonds (Aaa/AA+/); negotiated; Barclays Capital Inc. (lead); Bank of America Merrill Lynch and J.P. Morgan Securities Inc. (co-managers); 2010A bonds due 2011 to 2031; 2010B bonds due 2019 to 2040; proceeds to repay commercial paper notes issued to finance or refinance capital improvements to university facilities. The renovations included improvements to the university's Health Sciences building, the development of the Foster School of Business, the development of the WDS Foundation Building for Early Childhood Oral Health, the expansion of the University Medical Center, the implementation of a housing and food services master plan, the reconstruction of Balmer Hall and the design and reconstruction of facilities at the University of Washington - Tacoma; pricing week of Sept. 20.

SEPTEMBER 21

NEW MEXICO FINANCE AUTHORITY: $427.645 million series 2010B senior lien refunding revenue bonds (Aa1/AA+/); negotiated; Morgan Stanley & Co. Inc. (lead); Bank of America Merrill Lynch, Ramirez & Co. Inc., Piper Jaffray & Co. and RBC Capital Markets Corp. (co-managers); bonds due 2012 to 2021; proceeds to refund series 2002A, 2002C, 2002D and 2004A bonds; pricing Sept. 21.

NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY: $200 million series 2011BB water and sewer system second general resolution revenue bonds (Aa2/AA+/AA+); negotiated; Rice Financial Products Co. (lead); Barclays Capital Inc., Jefferies & Co., Morgan Keegan & Co. Inc., M.R. Beal & Co. Inc. and Ramirez & Co. Inc. (co-senior managers); Bank of America Merrill Lynch; Citigroup Global Markets Inc.; Fidelity Capital Markets LLC; Goldman, Sachs & Co.; J.P. Morgan Securities Inc.; Loop Capital Markets LLC; Morgan Stanley & Co. Inc.; Raymond James & Associates Inc.; RBC Capital Markets Corp.; Roosevelt & Cross Inc.; Siebert Brandford Shank & Co. LLC; Wells Fargo Bank, N.A.; BB&T Capital Markets Inc.; Lebenthal & Co. LLC; Oppenheimer & Co. Inc.; Piper Jaffray & Co.; Stifel, Nicolaus & Co.; and Stone & Youngberg (co-managers); proceeds to refund debt; pricing Sept. 21.

SEPTEMBER 23

UTAH: $1,059,960,000 series 2010 general obligation bonds (Aaa/AAA/AAA); negotiated; Goldman, Sachs & Co. and J.P. Morgan Securities Inc. (joint bookrunners); Jefferies & Co., Morgan Stanley & Co. Inc., Wells Fargo Securities LLC, George K. Baum & Co. and Seattle-Northwest Securities Corp. (co-managers); proceeds to fund ongoing highway construction projects and refund debt; pricing Sept. 23.

• $90.335 million series 2010A G.O.s

• $790.1 million series 2010B Build America Bonds

• $179.525 million series 2010C G.O. refunding bonds

WEEK OF SEPTEMBER 27

DALLAS AREA RAPID TRANSIT: $829 million senior-lien sales tax revenue bonds (Aa2/AA+/); negotiated; Bank of America Merrill Lynch (lead); Loop Capital Markets LLC, M.R. Beal & Co. Inc., Siebert Brandford Shank & Co. LLC, RBC Capital Markets Corp. and Southwest Securities Inc. (co-managers); proceeds to finance improvements to commuter projects and other infrastructure projects in the city; pricing week of Sept. 27.

SEPTEMBER 28

MARIN COUNTY (CALIFORNIA): $63.8 million series 2010 certificates of participation (Aa2/AA+/); competitive; Wulff Hansen & Co. (financial adviser); COPs due 2011 to 2040; proceeds to modernize and renovate 43 county-owned buildings, including the Marin County Civic Center, as well as upgrade the county's fire department and construct a new emergency operations facilities; pricing Sept. 28.

NEW YORK STATE URBAN DEVELOPMENT CORP.: $470.74 million series 2010B service contract revenue refunding bonds; competitive; Public Resources Advisory Group (financial adviser); bonds due 2012 to 2017; proceeds to refund existing debt; pricing Sept. 28.

NORTH CAROLINA: $320.17 million series 2010C general obligation refunding bonds; competitive; Davenport & Co. LLC (financial adviser); bonds due 2018 to 2022; proceeds to refund all or a portion of state's series 2003 G.O. highway bonds, series 2004 G.O. highway bonds and series 2005A public improvement bonds; pricing Sept. 28.

PALM BEACH COUNTY SCHOOL DISTRICT (FLORIDA): $115 million series 2010 tax anticipation notes (MIG 1); competitive; Public financial Management Inc. (financial adviser); notes due Jan. 14, 2011; proceeds to fund operating and capital expenses ahead of the collection of ad valorem taxes during the fiscal year; pricing Sept. 28.

WEEK OF OCTOBER 25

OCTOBER 26

MCCRACKEN COUNTY/SCHOOL DISTRICT FINANCE CORP. (KENTUCKY): $55 million school building revenue bonds; competitive; J.J.B. Hilliard, W.L. Lyons, LLC (financial adviser); pricing Oct. 26.

ON THE HORIZON

ALASKA HOUSING FINANCE CORP.: $78.58 million series 2010 mortgage revenue bonds; negotiated; Bank of America Merrill Lynch (lead); Edward Jones & Co., George K. Baum & Co., J.P. Morgan Securities Inc., KeyBanc Capital Markets, Morgan Keegan & Co. Inc., Morgan Stanley & Co. Inc. and Siebert Brandford Shank & Co. LLC (co-managers); 2010A bonds due 2011 to 2020 with term bonds due 2027; 2010B bonds due 2025, 2030, 2035 and 2040; proceeds to fund mortgage loans.

• $42.9 million series 2010A bonds

• $35.68 million series 2010B bonds

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/CITY UNIVERSITY SYSTEM: $197 million series 2010A consolidated fifth general resolution revenue bonds; negotiated; Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. (lead); Barclays Capital Inc., Fidelity Capital Markets Services Inc., Jefferies & Co., Oppenheimer & Co., Prager, Sealy & Co. LLC, Ramirez & Co. Inc., Rice Financial Products Co., Southwest Securities Inc., Sterne, Agee & Leach Inc. and Wells Fargo Securities LLC (co-managers); proceeds to refund debt issued by university system.

HARRIS COUNTY (TEXAS): $140 million toll road revenue refunding bonds; negotiated; Rice Financial Products Co. and Estrada Hinojosa & Co., Inc. (co-lead); Fidelity Capital Markets Inc. (co-manager); proceeds to refund and defease a portion of outstanding toll road tax bonds and toll road senior lien revenue bonds.

• $40 million series 2010B unlimited tax and subordinate lien bonds

• $20 million series 2010C senior lien bonds

• $80 million in series 2010D senior lien bonds

ILLINOIS FINANCE AUTHORITY/ADMIRAL AT THE LAKE: $204.1 million series 2010 revenue bonds; negotiated; Ziegler Capital Markets (lead); BB&T Capital Markets and RBC Capital Markets Corp. (co-managers); 2010B bonds due May 15, 2018; 2010C bonds due May 15, 2018; 2010D-1 bonds due May 15, 2018; 2010D-2 bonds due May 15, 2017; 2010D-3 bonds due May 15, 2017; 2010E bonds due May 15, 2016; proceeds to design, acquire, construct and equip new independent and assisted living facility for senior citizens at the site of the current Admiral at the Lake facility in Chicago.

• $125.6 million series 2010A

• $5.35 million series 2010B

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

• $12.15 million series 2010D-1 tax-exempt mandatory paydown securities

• $18.15 million series 2010D-2 tax-exempt mandatory paydown securities

• $35.35 million series 2010D-3 tax-exempt mandatory paydown securities

• $2.5 million series 2010E taxable 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 MUNICIPAL POWER AGENCY: $145 million series 2010 power supply system revenue bonds; negotiated; Citigroup Global Markets Inc. (lead); BMO Capital Markets Inc., Morgan Stanley & Co. Inc., J.P. Morgan Securities Inc. and Wells Fargo Securities LLC (co-managers); proceeds to construct the Prairie State coal-fired generating station, as well as refund existing debt.

• $123 million series 2010A Build America Bonds

• $22 million series 2010B tax-exempt refunding revenue bonds

JEA (FLORIDA): $321.76 million series 2010 electric system revenue bonds; negotiated; Citigroup Global Markets Inc. (senior bookrunner for series three 2010D and series 2010C subordinated bonds); Goldman, Sachs & Co. (senior bookrunner for series three 2010E, series 2010D subordinated and series 2010E subordinated bonds; J.P. Morgan Securities Inc., Barclays Capital Inc., Bank of America Merrill Lynch, Morgan Stanley & Co. Inc. and Wells Fargo Securities LLC (co-managers); series three 2010D bonds due 2011 to 2031 with term bonds due 2035 and 2037; series three 2010E Build America Bonds due 2028 to 2040; 2010C subordinated bonds due 2020 to 2027; 2010D subordinated bonds due 2016 to 2027; 2010E subordinated bonds due 2012 to 2015; proceeds to fund construction, expansion and extension of JEA's electric system, as well as refund on Oct. 22 its series three 2008D-2A, series three 2008D-2B and series three 2008D-2 variable-rate bonds.

• $217.035 million series three 2010D revenue bonds

• $34.315 million series three 2010E Build America Bonds

• $10.7 million series 2010C subordinated revenue bonds

• $52.435 million series 2010D subordinated revenue bonds

LAKELAND (FLORIDA): $82.005 million capital improvement bonds (Aa3//AA-); negotiated; Goldman, Sachs &

Co. (lead); Citigroup Global Markets Inc. and Raymond James & Associates, Inc. (co-managers); proceeds to refund outstanding debt and finance various capital improvement projects in the city.

• $50.805 million series 2010A revenue and refunding bonds

• $10.175 million series 2010B revenue and refunding bonds

• $21.025 million series 2010C revenue bonds

LEE COUNTY (FLORIDA): $80.048 million series 2011 tourist development tax revenue bonds (Aa3//AA-); negotiated; Bank of America Merrill Lynch (lead); Citigroup Global Markets Inc. and Morgan Keegan & Co. Inc. (co-managers); proceeds to acquire and construct a major league baseball spring training facility for the Boston Red Sox on 126 acres owned by the county.

• $36.325 million series 2010A Build America Bonds

• $37.403 million series 2010B recovery zone economic development Build America Bonds

• $6.32 million series 2010C bonds

LONG BEACH (CALIFORNIA): $74 million series 2010-2011 tax and revenue anticipation notes (MIG 1/SP1+/);

negotiated; Morgan Stanley & Co.; due Sept. 30, 2011; proceeds to meet the city's 2010-2011 fiscal year general fund expenditures.

MASSACHUSETTS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/LOWELL GENERAL HOSPITAL: $58.5 million series 2010C revenue bonds (Baa1/BBB+/); negotiated; Cain Brothers & Co., LLC and Bank of America Merrill Lynch (co-lead); bonds due 2011 to 2020 with term bonds due 2030 and 2035; proceeds to finance and refinance the demolition of a building and construction of a new six-story hospital facility and other capital improvements; refund the outstanding series 1996B Lowell General Hospital revenue bonds and refinance commercial banking obligations.

METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY (TENNESSEE): $284.07 million series 2010D general obligation refunding bonds; negotiated; Jefferies & Co. and Morgan Keegan & Co. Inc. (lead); Bank of America Merrill Lynch, Goldman, Sachs & Co., Mesirow Financial Inc., Morgan Stanley & Co. Inc. and Loop Capital Markets LLC (co-managers); bonds due 2011 to 2024; proceeds to refund government's series 2002 multipurpose G.O. refunding bonds, series 2003 multipurpose G.O. bonds, series 2004 multipurpose G.O. bonds, series 2005A G.O. bonds, series 2005B G.O. refunding bonds and series 2005C G.O. school bonds.

MINNESOTA HOUSING FINANCE AGENCY: $72 million series 2010A homeownership finance bonds (Aaa); negotiated; RBC Capital Markets Corp., Morgan Stanley & Co. and Piper Jaffray & Co. (co-lead); split maturities from 2011 to 2021 and term bonds due 2025 and 2028; proceeds to purchase program securities.

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.

PENNSYLVANIA HOUSING FINANCE AGENCY: $354 million series 2010 single-family mortgage revenue bonds; negotiated; Morgan Stanley & Co. Inc. and Janney Montgomery Scott LLC (lead for 2010-109 bonds); George K. Baum & Co.; Goldman, Sachs & Co.; J.P. Morgan Securities Inc.; and Mesirow Financial Inc. (co-managers for 2010-109 bonds); Barclays Capital Inc. and Bank of America Merrill Lynch (lead for 2010-110 bonds); BNY Mellon Capital Markets; Jefferies & Co.; Morgan Keegan & Co. Inc.; PNC Capital Markets LLC; Quoin Capital LLC; RBC Capital Markets Corp.; and Wells Fargo Securities Inc. (co-managers for 2010-110 bonds); series 2010-109 bonds due 2011 to 2021 with term bonds due 2025 and 2028; 2010-110A bonds due 2014 to 2021 with term bond due 2025; 2010-110B bonds due 2011 to 2021 with term bonds due 2025, 2030, 2035 and 2039; proceeds to finance single-family mortgages.

• $104 million series 2010-109 AMT bonds

• $116.455 million series 2010-110A AMT bonds

• $133.545 million series 2010-110B non-AMT bonds

PRINCETON CITY SCHOOL DISTRICT (OHIO): $108,739,914 series 2010 school improvement general obligation bonds (/AA+/); negotiated; Baird & Co. (lead); 2010B bonds due 2012 to 2022; 2010C bonds due 2022 to 2024 with term bonds due 2030, 2035, 2040 and 2047; proceeds to improve and construct school facilities.

• $2,999,914 series 2010B tax-exempt bonds

• $105.74 million series 2010C Build America Bonds

ST. CLOUD (FLORIDA): $53.255 million series 2010 capital improvement revenue bonds (A2/A+/); negotiated; RBC Capital Markets Corp. (lead); Citigroup Global Markets Inc. and Loop Capital Markets LLC (co-managers); 2010A bonds due 2011 to 2022; 2010B bonds due 2025, 2030 and 2040; proceeds to fund capital improvements throughout the city, as well as refund an outstanding bank loan.

• $19.625 million series 2010A tax-exempt bonds

• $33.63 million 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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