Municipals Calendar: Broward schools to price $175 million

WEEK OF MAY 16

UNIVERSITY OF ARKANSAS: $113.49 million series 2011 revenue bonds (Aa2); negotiated; Crews & Associates and Stephens Inc.; 2011A bonds due 2011 to 2031 with term bonds due 2035 and 2040; 2011B bonds due 2011 to 2022; proceeds to make capital improvements to university's Fayetteville campus, as well as refund series 1997 and 2001A bonds; pricing week of May 16.

• $103.62 million series 2011A various facility revenue bonds

• $9.87 million series 2011B various facility revenue refunding bonds

MAY 19

BROWARD COUNTY SCHOOL BOARD (FLORIDA): $175 million series 2011A certificates of participation (Aa3/AA+/); negotiated; Citigroup Global Markets Inc. (lead); Bank of America Merrill Lynch; J.P. Morgan Securities LLC; Raymond James & Associates, Inc. and Rice Financial Products Co. (co-managers); due 2012 and 2018 to 2024; proceeds to refund portions of the outstanding series 1997B, 2001A and 2001B certificates; pricing May 19.

WEEK OF MAY 23

MAY 25

JACKSONVILLE (FLORIDA): $106.67 million series 2011A special revenue bonds (/AA-/AA); competitive; Public Financial Management, Inc. (financial adviser); bonds due 2012 to 2041; proceeds to finance litigation settlements, refund commercial paper and acquire and construct capital equipment and improvements; pricing May 25.

JUNE

HIGHER EDUCATION LOAN AUTHORITY OF THE STATE OF MISSOURI: $579 million series 2011-1 student loan asset-backed Libor floating-rate notes (/AAA/AAA); negotiated; Morgan Stanley & Co. Inc. (lead); proceeds to acquire student loans; pricing in June.

ON THE HORIZON

BAPTIST HEALTH SOUTH FLORIDA: $250 million series 2011 taxable notes (/AA/); negotiated; Bank of America Merrill Lynch (lead); proceeds for general corporate purposes.

DURHAM (NORTH CAROLINA): $57.39 million series 2011 utility system revenue and refunding revenue bonds (Aa1/AAA/AAA); negotiated; Citigroup Global Markets Inc. and Bank of America Merrill Lynch (lead); bonds due 2012 to 2031 with term bond due June 1, 2041; proceeds to make improvements to city's utility system, as well as refund series 2001 bonds.

GEISINGER AUTHORITY/GEISINGER HEALTH SYSTEM (PENNSYLVANIA): $100 million series 2011A health system revenue bonds (Aa2/AA/); negotiated; J.P. Morgan Securities LLC (lead); Wells Fargo Securities LLC and PNC Capital Markets LLC (co-managers); proceeds to finance or reimburse the costs of capital improvements at Geisinger Health facilities.

GREATER ORLANDO AVIATION AUTHORITY (FLORIDA): $90 million series 2010 airport facilities refunding revenue bonds (Aa3/A+/AA-); negotiated; Loop Capital Markets LLC (lead); Bank of America Merrill Lynch, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC (co-managers); 2010C bonds due 2019 to 2028; 2010D bonds due 2011 to 2018; proceeds to refund authority's series 1999A-B bonds.

• $75 million series 2010C AMT bonds

• $15 million series 2010D non-AMT bonds

INDIANAPOLIS LOCAL PUBLIC IMPROVEMENT BOND BANK: $60.705 million series 2011E waterworks project bonds (A2/A+/A); negotiated; Morgan Stanley & Co. Inc. (lead); Morgan Keegan & Co. Inc., City Securities Corp. and Ramirez & Co. Inc. (co-managers); proceeds to purchase the series 2011A waterworks revenue bonds to be issued by the city's waterworks department.

INDUSTRIAL DEVELOPMENT CORP. OF THE PORT OF BELLINGHAM (WASHINGTON)/BP WEST COAST LLC: $111 million series 2010 environmental facilities industrial revenue bonds; negotiated; Goldman, Sachs & Co.; proceeds to construct sewage treatment and solid waste disposal facilities at BP's Cherry Point Refinery in Whatcom County, Wash.

LANCASTER COUNTY HOSPITAL AUTHORITY/LANCASTER GENERAL HOSPITAL (PENNSYLVANIA): $75 million series 2011 health system revenue bonds (Aa3/AA-/); negotiated; Bank of America Merrill Lynch and RBC Capital Markets LLC (lead); Wells Fargo Securities LLC and Janney Montgomery Scott LLC (co-managers); proceeds to construct, add, expand and improve the hospital laboratory facilities and its angiography suite, as well as refund its series 1998 and 2008 bonds.

MASSACHUSETTS: $490 million series 2011 consolidated general obligation bonds; negotiated; J.P. Morgan Securities LLC (lead); Bank of America Merrill Lynch; Barclays Capital Inc.; Citigroup Global Markets Inc.; Fidelity Capital Markets Corp.; Jefferies & Co. Inc.; Morgan Stanley & Co. Inc.; Ramirez & Co. Inc.; Siebert Brandford Shank & Co. LLC; BB&T Capital Markets LLC; Cabrera Capital Markets LLC; Eastern Bank; Edward Jones & Co. Inc.; Jackson Securities Inc.; Janney Montgomery Scott LLC; 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. LLC; RBC Capital Markets LLC; Raymond James & Associates Inc.; Roosevelt & Cross Inc.; and Stone & Youngberg (co-managers); 2011B bonds due 2011 to 2025; 2011C bonds due 2014; proceeds to fund capital expenditures included in current spending plan.

• $485 million series 2011B bonds

• $5 million series 2011C Build Massachusetts bonds

MASSACHUSETTS HOUSING FINANCE AGENCY: $60 million single family housing revenue bonds; negotiated; J.P. Morgan Securities LLC (lead); Bank of America Merrill Lynch; Barclays Capital Inc.; Citigroup Global Markets Inc.; Loop Capital Markets LLC; Morgan Stanley & Co. Inc.; CastleOak Securities LP; Corby Capital Markets Inc.; Eastern Bank Capital Markets; Fidelity Capital Markets LLC; George K. Baum & Co. Inc.; Janney Montgomery Scott LLC; M.R. Beal & Co. Inc.; Morgan Keegan & Co. Inc.; Piper Jaffray & Co. Inc.; Ramirez & Co. Inc.; Raymond James & Associates Inc.; Rice Financial Products Co.; Siebert Brandford Shank & Co. LLC; Wells Fargo Securities LLC; and The Williams Capital Group LP (co-managers); series 155 bonds due 2012 to 2022 with term bonds due June 1, 2028 and Dec. 1, 2028; series 149 bonds due Dec. 1, 2041; proceeds to purchase Fannie Mae-backed securities and mortgage loans.

• $24 million series 155 non-AMT bonds

• $36 million series 149 non-AMT bonds

METROPOLITAN WATER RECLAMATION DISTRICT OF GREATER CHICAGO (ILLINOIS): $500 million series 2010 general obligation capital improvement bonds (Aaa/AAA/AAA); negotiated; J.P. Morgan Securities LLC and Citigroup Global Markets Inc. (lead); Bank of America Merrill Lynch, Barclays Capital Inc., Duncan-Williams Inc., Loop Capital Markets LLC, Ramirez & Co. Inc., Siebert Brandford Shank & Co. LLC and William Blair & Co. Inc. (co-managers); 2010A bonds due 2012 to 2014; 2010B bonds due 2015 to 2018; 2010C bonds due 2019 to 2025 with a term bond due 2032; proceeds to construct, remodel, rehabilitate and repair water facilities, flood protection controls and pollution measures.

• $30 million series 2010A taxable bonds

• $70 million series 2010B tax-exempt bonds

• $400 million series 2010C Build America Bonds

OKLAHOMA STUDENT LOAN AUTHORITY: $213.5 million series 2011-1 taxable Libor Oklahoma student loan bonds (/AAA/AAA); negotiated; Bank of Ameirca Merrill Lynch; bonds due June 1, 2040; proceeds to acquire eligible student loans from lenders or holders in the authority's network, as well as refund authority's series 2008I-A1 variable-rate bonds.

ORLANDO-ORANGE COUNTY EXPRESSWAY AUTHORITY (FLORIDA): $290 million series 2011A refunding revenue bonds (//A); negotiated; Wells Fargo Securities LLC (lead); Bank of America Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Loop Capital Markets LLC, Raymond James &

Associates Inc., Barclays Capital Inc., Goldman, Sachs & Co., Morgan Stanley & Co. Inc. and RBC Capital Markets LLC (co-managers); proceeds to refund authority's series 2008B-1 and 2008B-2 bonds.

PUBLIC UTILITY DISTRICT NO. 1 OF CHELAN COUNTY (WASHINGTON): $189.33 million series 2011 refunding bonds (Aa2/AA/AA+); negotiated; Barclays Capital Inc. (lead); J.P. Morgan Securities LLC, Morgan Stanley & Co. Inc. and Bank of America Merrill Lynch (co-managers); 2011A bonds due 2012 to 2026 with term bonds; 2011B bonds due 2012 to 2026 with term bonds; proceeds to refund senior consolidated system bonds.

• $114.735 million series 2011A AMT bonds

• $74.595 million series 2011B AMT bonds

PUERTO RICO INDUSTRIAL, TOURIST, EDUCATIONAL, MEDICAL AND ENVIRONMENTAL CONTROL FACILITIES FINANCING AUTHORITY: $103.23 million series 2011A hospital revenue and revenue refunding bonds (/A-/); negotiated; J.P. Morgan Securities LLC and Morgan Stanley & Co. Inc. (lead); FirstBank Puerto Rico Securities and Popular Securities (co-managers); bonds due 2015 to 2021 with term bonds due 2026 and 2033; proceeds to refund existing hospital revenue bonds.

RIVERSIDE (CALIFORNIA): $59 million series 2011A variable-rate refunding water revenue bonds (Aa2/VMIG 1/A-1+/AA+/F1+); negotiated; De La Rosa & Co. (lead); bonds due Oct. 1, 2035; proceeds to refund city's series 2008A bonds.

SAN JACINTO RIVER AUTHORITY (TEXAS): $84.065 million series 2011 Groundwater Reduction Plan Division special project revenue bonds; negotiated; Morgan Keegan & Co. Inc. (lead); FirstSouthwest Co., Wells Fargo Securities LLC, Bank of America Merrill Lynch, Coastal Securities LLC and Southwest Securities Inc. (co-managers); bonds due 2014 to 2025 with term bonds due 2030, 2033 and 2037; proceeds to conserve, protect and enhance groundwater resources in Montgomery County, Texas.

SPECIAL CARE FACILITIES FINANCING AUTHORITY OF THE CITY OF PELL/NOLAND HEALTH SERVICES INC. (ALABAMA): $92.98 million series 2010A revenue bonds (/A-/); negotiated; RBC Capital Markets Corp. (lead); bonds due 2011 to 2020 with term bonds due 2025, 2030 and 2039; proceeds to finance capital improvements to Noland Health facilities, as well as advanced refund authority's series 2007A and refund its series 2009A bonds.

SUMTER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/CENTRAL FLORIDA HEALTH ALLIANCE: $72.025 million series 2011A hospital revenue refunding and improvement bonds (Baa1/BBB+/); negotiated; RBC Capital Markets LLC and PNC Capital Markets LLC (lead); proceeds to fund improvements, additions and expansions to Central Florida Health facilities, including the addition of new inpatient beds and expansion of alliance's emergency department, as well as refund debt.

TULSA COUNTY INDUSTRIAL AUTHORITY/BROKEN ARROW PUBLIC SCHOOLS (OKLAHOMA): $71.79 million series 2011 educational facilities lease revenue bonds (/AA-/); negotiated; D.A. Davidson & Co. (lead); bonds due 2012 to 2019; proceeds to construct, equip and furnish property to be leased by the Broken Arrow Public Schools District from the authority.

UNIVERSITY OF PITTSBURGH OF THE COMMONWEALTH SYSTEM OF HIGHER EDUCATION: $114 million Pitt Asset Notes-Tax Exempt Higher Education Registered series of 2011 (MIG 1/SP-1+/); negotiated; Barclays Capital Inc.; due 2012; proceeds to finance the refunding of $96 million of the university's outstanding series 2010 Panthers and for university capital expenditures.

UTILITIES BOARD OF THE CITY OF CULLMAN (ALABAMA): $58.22 million series 2011 water revenue bonds (Aa3/AA+/); negotiated; Raymond James & Associates, Inc., The Frazer Lanier Co. Inc. and Merchant Capital LLC; bonds due Sept. 1, 2011 to Sept. 1, 2031 with term bonds due 2036 and 2041; proceeds to fund capital improvements to the water supply system and to refund the outstanding series 1998, 2002 and 2002A bonds of the board and to fund the debt service reserve fund.

VIRGINIA HOUSING DEVELOPMENT AUTHORITY: $70 million series 2011A non-AMT homeownership mortgage bonds (Aa1/AA+/); negotiated; Bank of America Merrill Lynch (lead); BB&T Capital Markets LLC, Davenport & Co. LLC, Morgan Keegan & Co. Inc., Raymond James & Associates Inc. and Wells Fargo Securities LLC (co-managers); proceeds to make single-family mortgage loans.

VIRGINIA RESOURCES AUTHORITY: $80.285 million series 2011 infrastructure and state moral obligation revenue bonds (Aaa); negotiated; J.P. Morgan Securities LLC (lead); BB&T Capital Markets LLC, Wells Fargo Securities LLC and Siebert Brandford Shank & Co. LLC (co-managers); 2011A tax-exempt infrastructure bonds due 2011 to 2031 with term bond due in 2041; 2011A taxable infrastructure bonds due 2021 and 2031; 2011A tax-exempt moral obligation bonds due 2011 to 2031 with term bond due in 2041; 2011A taxable moral obligation bonds due 2021 and 2031; proceeds to provide funds for capital reserve fund and refund City of Hampton's series 2002 convention center revenue bonds.

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