Municipal Calendar: New York Transitional preps $850 million sale

Week of July 9

AUSTIN (TEXAS): $335,885,000 series 2012 water and wastewater system revenue refunding bonds (Aa2/AA/AA-); negotiated; Goldman, Sachs & Co. (lead); Bank of America Merrill Lynch, Estrada Hinojosa & Co. Inc., First Southwest Co., J.P. Morgan Securities LLC, Ramirez & Co. Inc. and RBC Capital Markets LLC (co-managers); bonds due 2013 to 2042; proceeds to refund existing commercial paper and refund the city's series 2004 revenue bonds, as well as terminate a swap agreement connected to those bonds; pricing week of July 9.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/ST. JOHN'S UNIVERSITY: $112 million fixed-rate tax-exempt bonds; negotiated; Morgan Stanley & Co. LLC (lead); proceeds to refund certain maturities of the university's series 1998, 2001A and 2005A bonds and all of the university's series 2008A variable-rate bonds; pricing week of July 9.

IRVINE (CALIFORNIA): $133,325,000 series 2012 limited obligation improvement bonds (/BBB+/); negotiated; Piper Jaffray & Co. and Stone & Youngberg (lead); bonds due 2013 to 2029; proceeds to refund existing improvement bonds; pricing week of July 9.

NEW YORK STATE HOUSING FINANCE MORTGAGE AGENCY: $150 million series 2012 homeowner mortgage revenue bonds (Aa1); negotiated; Morgan Stanley & Co. LLC (lead); bonds due Oct. 1, 2023; proceeds to make mortgage loans to qualified New York State residents; pricing week of July 9.

OAKLAND (CALIFORNIA): $211.3 million series 2012 taxable pension obligation bonds (Aa3/A+/); negotiated; RBC Capital Markets LLC (lead); Siebert Brandford Shank & Co. LLC and Blaylock Robert Van LLC (co-managers); proceeds to refund a debenture that was issued to finance the city's unfunded actuarial accrued liability for retirement benefits to police and fire personnel; pricing week of July 9.

POLK COUNTY (IOWA): $110,675,000 series 2012 general obligation and G.O. refunding bonds (Aaa/AAA/); competitive; Piper Jaffray & Co. (financial adviser); proceeds to finance county infrastructure and equipment acquisition projects to fund housing grants, complete the Rock Creek Sewer project and refund the county's series 2006A-D G.O. bonds; pricing week of July 9.

• $37.96 million series 2012A G.O. bonds due 2013 to 2032

• $72,715,000 series 2012B G.O. refunding bonds due 2015 to 2026

TENNESSEE SCHOOL BOND AUTHORITY: $427.7 million series 2012 higher educational facilities second program bonds (Aa1/AA/AA+); negotiated; J.P. Morgan Securities LLC (lead); Citigroup Global Markets, Raymond James/Morgan Keegan, Morgan Stanley & Co. LLC and Piper Jaffray & Co. (co-managers); proceeds to finance capital projects at several Tennessee universities and colleges, as well as to refund existing commercial paper notes; pricing week of July 9.

• $201.5 million series 2012A bonds due 2013 to 2042

• $104,055,000 series 2012B taxable bonds due 2013 to 2042

• $122,145,000 series 2012C refunding bonds due 2013 to 2034

VILLAGE OF SCHAUMBURG (ILLINOIS): $65.1 million series 2012A general obligation refunding bonds (Aaa/AA+/); negotiated; William Blair & Co. (lead); The Northern Trust Company and Citigroup Global Markets Inc. (co-managers); bonds due 2015 to 2029; proceeds to refund the village's series 2004B G.O. bonds; pricing week of July 9.

July 12

LINCOLN (NEBRASKA)/LINCOLN ELECTRIC SYSTEM: $210 million series 2012 revenue and refunding bonds (/AA/AA); negotiated; Bank of America Merrill Lynch (lead); Ameritas Investments Corp., Citigroup Global Markets Inc., RBC Capital Markets LLC and Wells Fargo Securities LLC (co-managers); bonds due 2013 to 2032 with term bond due in 2037; proceeds to finance capital improvements to the system, as well as to refund the system's series 2003 revenue bonds; pricing July 12.

MIAMI-DADE COUNTY SCHOOL DISTRICT (FLORIDA): $290 million series 2012 tax anticipation notes (MIG 1); competitive; Public Financial Management Inc. (financial adviser); notes due Feb. 28, 2013; proceeds to finance operating expenses for the district ahead of the collection of ad valorem taxes; pricing July 12.

NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY: $850 million fiscal 2013 series S-1 building aid revenue bonds; negotiated; J.P. Morgan Securities LLC (lead); Barclays Capital Inc., Goldman, Sachs & Co., Cabrera Capital Markets Inc., Jefferies & Co., Ramirez & Co. Inc., Siebert Brandford Shank & Co. LLC, Oppenheimer & Co. Inc., Southwest Securities Inc., Bank of America Merrill Lynch, Fidelity Capital Markets LLC, Loop Capital Markets LLC, Rice Financial Products Co., Raymond James/Morgan Keegan, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, Jackson Securities Inc., M.R. Beal & Co., Roosevelt & Cross Inc., Wells Fargo Bank, NA, RBC Capital Markets LLC and Stifel, Nicolaus & Co. Inc. (co-managers); proceeds to pay a portion of the costs of one or more of the five-year plans approved by the authority for educational facilities; pricing July 12.

NORTH CAROLINA HOUSING FINANCE AGENCY: $121.67 million series 2012-33 homeownership revenue refunding bonds (Aa2); negotiated; Bank of America Merrill Lynch (lead); proceeds to refund existing homeownership revenue bonds; pricing July 12.

VIRGINIA RESOURCES AUTHORITY: $81.03 million series 2012B infrastructure and state moral obligation revenue bonds; negotiated; Raymond James/Morgan Keegan (lead); J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and TD Securities (USA) LLC (co-managers); proceeds to purchase series 2012 obligations issued by local governments to finance qualified infrastructure projects; pricing July 12.

• $51.08 million series 2012B non-AMT infrastructure revenue bonds (Aaa/AAA/) due 2012 to 2041

• $4.37 million series 2012B AMT infrastructure revenue bonds (Aaa/AAA/) due 2012 to 2024

• $23,735,000 series 2012B non-AMT state moral obligation revenue bonds (Aa2/AA/) due 2012 to 2041

• $1,845,000 series 2012B AMT state moral obligation revenue bonds (Aa2/AA/) due 2012 to 2024

Week of July 16

KING COUNTY (WASHINGTON): $100.87 million series 2012 unlimited tax general obligation refunding bonds (Aaa/AAA/AAA); competitive; Seattle-Northwest Securities Corp. (financial adviser); bonds due 2012 and 2015 to 2023; proceeds to refund the city's series 2004 and series 2004B unlimited tax G.O. bonds issued for Harborview Medical Center; pricing July 16.

July 17

DORMITORY AUTHORITY OF THE STATE OF NEW YORK: $1,044,370,000 series 2012 state personal income tax revenue bonds (/AAA/AA); competitive; proceeds to finance capital projects for the State University of New York for educational and hospital facilities and for the City University of New York for senior college and community college facilities, as well as to finance capital grants under the HEAL NY Grant Program and make contributions to the costs of remediating hazardous waste sites; pricing July 17.

• $982,515,000 series 2012B tax-exempt bonds

• $61,855,000 series 2012C taxable bonds

July 18

CONTRA COSTA WATER DISTRICT (CALIFORNIA): $94.91 million series Q water revenue refunding bonds (Aa2/AA+/AA+); competitive; Public Financial Management Inc. (financial adviser); bonds due 2014 to 2032; proceeds to refund district's series K water revenue bonds; pricing July 18.

WASHINGTON: $590,545,000 series 2013 general obligation bonds (Aa1/AA+/AA+); negotiated and competitive; Bank of America Merrill Lynch (lead for 2013B-2); proceeds to finance various capital projects, state and local water supply improvements, multimodal transportation projects, state programs for Columbia River Basin water supply development, outdoor recreation, habitat conservation, riparian and farmland preservation, state and local highway improvements, construction of new transportation projects, as well as to refund existing G.O. debt; pricing July 18.

• $274,105,000 series 2013A various purpose G.O. bonds due 2018 to 2037

• $197.4 million series 2013B-1 and 2013B-2 motor vehicle fuel tax G.O. bonds due 2013 to 2042

• $40,585,000 series 2013T taxable G.O. bonds due 2013 to 2018

• $78,455,000 series R-2013T taxable G.O. refunding bonds due 2013 to 2016

On the Horizon

BLACK BELT ENERGY GAS DISTRICT (ALABAMA): $773,845,000 series 2012A gas project revenue bonds (A1/A-/A); negotiated; Goldman, Sachs & Co. and Merchant Capital LLC (lead); bonds due 2013 to 2042; proceeds to acquire natural gas as part of a prepaid natural gas purchase agreement.

CANADIAN COUNTY EDUCATIONAL FACILITIES AUTHORITY (OKLAHOMA): $64.06 million series 2012 educational facilities lease revenue bonds (/A+/); negotiated; D.A. Davidson & Co. (lead); bonds due 2013 to 2023; proceeds to finance the construct and improvements to a grades 5 and 6 facility in the Mustang Public Schools District, as well as to make other renovations within the district.

CARMEL (INDIANA)/MAYFLOWER COMMUNITIES $119,245,000 series 2012 revenue bonds negotiated Ziegler Capital Markets Inc. (lead) proceeds to construct, renovate and equip independent living facilities, catered living facilities, an assisted living center and other facilities at the Barrington of Carmel senior living facility.

• $94,545,000 series 2012A revenue bonds due Nov. 15, 2047

• $3 million series 2012B accelerated redemption reset option securities due Nov. 15, 2019

• $3,875,000 series 2012C-1 mandatory paydown securities due Nov. 15, 2019

• $7,925,000 series 2012C-2 mandatory paydown securities due Nov. 15, 2018

• $4.1 million series 2012C-3 mandatory paydown securities due Nov. 15, 2018

• $5.8 million series 2012A taxable mandatory paydown securities through Mayflower Communities due Nov. 15, 2017

CLARK COUNTY (NEVADA): $51.5 million series 2012 special improvement district No. 142 local improvement refunding bonds (/BBB-/); negotiated; Stone & Youngberg (lead); proceeds to refund and redeem all of the county's outstanding series 2003 local improvement bonds.

DAUPHIN COUNTY GENERAL AUTHORITY/PINNACLE HEALTH SYSTEM (PENNSYLVANIA): $130 million series 2012A health system revenue bonds (A3/A/); negotiated; Citigroup Global Markets Inc. (lead); M&T Securities Inc. and Wells Fargo Securities LLC (co-managers); proceeds to construct, equip and acquire a 200,000 square-foot hospital in Hampden Township, Pa., and the renovation of Harrisburg Hospital in Harrisburg, Pa.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK: up to $600 million tax-exempt refunding bonds; negotiated; RBC Capital Markets LLC and Raymond James/Morgan Keegan (lead); proceeds to refund the authority's series 2002A-I school districts revenue bond financing program revenue bonds.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK: up to $270 million tax-exempt and/or taxable fixed-rate bonds; negotiated; proceeds to finance capital projects at various campuses throughout the State University of New York System and current refund existing lease revenue bonds.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/BROOKLYN LAW SCHOOL: $50 million series 2012A revenue bonds (Baa1/BBB+/); negotiated; J.P. Morgan Securities LLC (lead); proceeds to refund the law school's series 2003A-B revenue bonds.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/LONG ISLAND UNIVERSITY: up to $66 million fixed-rate tax-exempt and/or taxable bonds; proceeds to current refund all or a portion of the authority's series 1999 and 2003A-B bonds sold for the university.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/MIRIAM OSBORN MEMORIAL HOME ASSOCIATION: up to $55 million tax-exempt revenue bonds; negotiated; Herbert J. Sims & Co. (lead); proceeds to make renovations and upgrades to the association's independent and assisted living facilities, as well as to refund its series 2000B revenue bonds.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/MANHATTAN COLLEGE: $55 million (maximum); negotiated; proceeds to construct a student commons building and refund the college's series 2000 insured revenue bonds.

EASTERN MUNICIPAL WATER DISTRICT (CALIFORNIA): $50 million series 2012A refunding water and sewer revenue bonds (Aa2/VMIG 1/A-1+/AA+/F1+); negotiated; Stone & Youngberg (sole); bonds due July 1, 2038; proceeds to refund the district's series 2008F certificates of participation.

EDMONDS HIGH SCHOOL DISTRICT (WASHINGTON): $92,885,000 series 2012 unlimited tax general obligation refunding bonds (Aa1); negotiated; Seattle-Northwest Securities Inc. (lead); proceeds to refund the district's series 2006 general obligation bonds.

ESCAMBIA COUNTY (FLORIDA): $65 million series 2012 solid waste removal revenue bonds; negotiated; Goldman, Sachs & Co. (lead); proceeds to finance solid waste removal projects within the county.

HOUSTON (TEXAS)/CONVENTION & ENTERTAINMENT FACILITIES DEPARTMENT: hotel occupancy tax and special revenue refunding bonds (A2/A-/); negotiated; Hutchinson, Shockey, Erley & Co. and Mesirow Financial (lead); bonds due 2026 to 2033; proceeds to refund city's series 2001B-C and 2011A-B hotel occupancy tax and special revenue bonds.

ILLINOIS: $1,493,020,000 series 2012 unemployment insurance fund building receipts revenue bonds (/AA/AA+); negotiated; J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Loop Capital Markets LLC and Bank of America Merrill Lynch (lead); Fifth Third Securities Inc., Sterne Agee & Leach Inc., Cabrera Capital Markets LLC, Oppenheimer & Co., The Williams Group L.P., Edward D. Jones & Co. LP, Stern Brothers & Co., Jackson Securities Inc., North South Capital and Janney Montgomery Scott LLC (co-managers); proceeds to repay advances on the state's unemployment trust fund within the federal unemployment trust fund, as well as to pay state unemployment benefits.

• $777.88 million series 2012A bonds due 2013 to 2017

• $542,735,000 series 2012B bonds due 2017 to 2020

• $172,405,000 series 2012C bonds due June 15, 2021

MIAMI-DADE COUNTY (FLORIDA): $540 million series 2012 transit system sales surtax revenue bonds (A1/AA/AA-); negotiated; J.P. Morgan Securities LLC (lead); Estrada Hinojosa & Co. Inc., Rice Financial Products Co., Citigroup Global Markets Inc., Bank of America Merrill Lynch, M.R. Beal & Co., Blaylock Robert Van LLC, Cabrera Capital Markets LLC, Jackson Securities Inc., Raymond James/Morgan Keegan, Morgan Stanley & Co. LLC, Goldman, Sachs & Co., Barclays Capital Inc. and Jefferies & Co. (co-managers); proceeds to refund and redeem the county's series 2011 bond anticipation notes.

NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY/WAKE FOREST UNIVERSITY: $110 million series 2012 educational facilities revenue bonds (Aa3/AA/); negotiated; Wells Fargo Securities LLC and BB&T Capital Markets LLC (lead); bonds due 2015 to 2033 with term bonds due 2040 and 2042; proceeds to construct and design residence halls, a dining hall and academic buildings, as well as to upgrade the university's heating plant.

PALM BEACH COUNTY SCHOOL BOARD (FLORIDA): $68.12 million series 2012C certificates of participation (Aa3//AA-); negotiated; Bank of America Merrill Lynch, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC (lead); COPs due 2016 to 2029; proceeds to refund school board's series 2004A COPs.

PORT OF MORROW (OREGON): $90 million series 2012 transmission facilities revenue bonds (Aa1//AA); negotiated; Bank of America Merrill Lynch (lead); J.P. Morgan Securities LLC and Wells Fargo Securities LLC (co-managers); bonds due Sept. 1, 2042; proceeds to acquire the Bonneville Cooperation Project No. 1, an electric transmission facility, from the Northwest Infrastructure Financing Corp. II.

RHODE ISLAND HEALTH AND HIGHER EDUCATIONAL BUILDING CORP./RHODE ISLAND SCHOOL OF DESIGN: $50.91 million series 2012 higher education facilities revenue refunding bonds (A1//A+); negotiated; Bank of America Merrill Lynch (lead); J.P. Morgan Securities LLC, Janney Montgomery Scott LLC and Oppenheimer & Co. Inc. (co-managers); proceeds to advance refund the corporation's series 2004D higher education facilities revenue bonds.

SOUTH JERSEY PORT CORP.: $58,115,000 series 2012Q marine terminal revenue refunding bonds (A1/A-/); competitive; Goldman Beale Associates (financial adviser); bonds due 2014 to 2033; proceeds to advance refund the corporation's series 2002K marine terminal revenue bonds.

STANFORD UNIVERSITY (CALIFORNIA): $140 million series 2012 taxable bonds (Aaa/AAA/AAA); negotiated; Goldman, Sachs & Co. and Morgan Stanley & Co. LLC (lead); Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Prager & Co. LLC (co-managers); bonds due May 1, 2042; proceeds to refinance commercial paper and other debt that refinanced capital projects for the university.

TUFTS UNIVERSITY (MASSACHUSETTS): $250 million series 2012A taxable bonds; negotiated; Barclays Capital Inc. and J.P. Morgan Securities LLC; bonds due April 15, 2112; proceeds for general corporate needs of the university.

UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL: $200 million series 2012 general revenue bonds; negotiated; J.P. Morgan Securities LLC (lead for 2012A) and Wells Fargo Securities LLC (lead for 2012B); bonds due Dec. 1, 2041; proceeds to repay commercial paper and construct, equip, acquire and improve campus facilities.

• $100 million series 2012A bonds with Dec. 1, 2015 index tender date

• $100 million series 2012B bonds with Dec. 1, 2017 index tender date

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