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Published on 3/29/2010 in the Prospect News Municipals Daily.

Municipals Calendar: Greater Orlando Aviation to price $167.5 million

WEEK OF MARCH 29

MARCH 30

GREATER ORLANDO AVIATION AUTHORITY (FLORIDA): $167.505 million series 2010 airport facilities revenue and revenue refunding bonds (Aa3/A+/AA-); negotiated; Morgan Stanley & Co. Inc. (lead); J.P. Morgan Securities Inc.; Bank of America Merrill Lynch; Raymond James & Associates Inc.; Citigroup Global Markets Inc.; Estrada Hinojosa & Co. Inc.; FirstSouthwest Co.; Gardnyr Michael Capital Inc.; Jefferies & Co.; Loop Capital Markets LLC; M.R. Beal & Co. Inc.; RBC Capital Markets Corp.; and SunTrust Robinson Humphrey; proceeds to improve airport's terminal baggage claim system and refund debt; pricing March 30.

• $82.11 million series 2010A revenue bonds

•$85.395 million series 2010B refunding bonds

TEMPLE UNIVERSITY/COMMONWEALTH SYSTEM HIGHER EDUCATION (PENNSYLVANIA): $120 million series 2010 university funding obligations (MIG 1); competitive; Public Financial Management Inc. (financial adviser); bonds due April 6, 2011; proceeds to refinance a portion of university's series 2009 funding obligations; pricing March 30.

MARCH 31

MICHIGAN MUNICIPAL BOND AUTHORITY/SCHOOL DISTRICT OF THE CITY OF DETROIT: $255 million series 2010B state aid revenue notes (/SP-1/); negotiated; J.P. Morgan Securities Inc. and Loop Capital Markets LLC (lead); notes due March 21, 2011; proceeds to purchase a note to be issued to the City of Detroit's school district; pricing March 31.

NORTH CAROLINA: $487.7 million series 2010A general obligation public improvement bonds (Aaa/AAA/AAA); competitive; bonds due 2011 to 2030; proceeds to finance capital projects throughout the state; pricing March 31.

PORT AUTHORITY OF NEW YORK AND NEW JERSEY: $116.84 million 162nd series consolidated bonds (Aa2); competitive; bonds due 2010 to 2014; proceeds to refund 118th series consolidated bonds; pricing March 31.

APRIL 1

ILLINOIS: $250 million series of April 2010 general obligation bonds (A2/A+/A); competitive; Public Resources Advisory Group (financial adviser); bonds due March 31, 2011; proceeds to fund capital projects throughout the state; pricing April 1.

APRIL

INDIANA UNIVERSITY: $85 million series 2010T student fee bonds (Aa1/AA/); negotiated; Morgan Stanley & Co. Inc. (lead); J.P. Morgan Securities Inc., City Securities Corp. and Loop Capital Markets LLC (co-managers); 2010T-1 bonds due 2011 to 2017; 2010T-2 bonds due 2018 to 2030; proceeds to fund campus improvements; pricing in April.

ON THE HORIZON

BOARD OF REGENTS OF THE UNIVERSITY OF OKLAHOMA: $73.22 million series 2010 federally taxable bond anticipation notes; negotiated; RBC Capital Markets Corp. (lead); BOSC, Inc., D.A. Davidson & Co. and Wells Nelson & Associates, LLC (co-managers); notes due Nov. 1, 2011; proceeds to construct, equip, renovate, remodel and expand university's utility system on the Norman campus.

CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY/STANFORD UNIVERSITY: $250 million series 2010U-1 revenue bonds (Aaa//AAA); negotiated; Morgan Stanley & Co. Inc. (lead); Goldman, Sachs & Co.; J.P. Morgan Securities Inc.; and Prager, Sealy & Co. LLC (co-managers); proceeds to finance a loan to university for capital expenditures.

CASTAIC LAKE WATER AGENCY (CALIFORNIA): $68.105 million series 2010A refunding revenue certificates of participation (/AA-/A+); negotiated; Stone & Youngberg (lead); proceeds to refund agency's series 2001A COPs.

CHIPPEWA VALLEY SCHOOLS (MICHIGAN): $89.765 million series 2010 school building and site bonds; negotiated; Fifth Third Securities Inc. (lead); Comerica Securities, Edward D. Jones & Co. LP and Stifel, Nicolaus & Co. Inc. (co-managers); 2010A bonds due 2011 to 2016 and 2010B bonds due 2017 to 2035; proceeds to fund purchase of land for school construction, as well as construction costs associated with building new schools.

• $20 million series 2010A taxable bonds

• $69.765 million series 2010B Build America Bonds

CLEVELAND (OHIO): $65 million series 2010A refunding certificates of participation (Baa1/A/);negotiated; Bank of America Merrill Lynch and Wells Fargo Bank NA (lead); Cabrera Capital Markets LLC, J.P. Morgan Securities Inc., Loop Capital Markets LLC, Morgan Stanley & Co. Inc. and Stifel, Nicolaus & Co. Inc. (co-managers); proceeds to refund COPs issued to fund the construction of Cleveland Stadium.

ILLINOIS FINANCE AUTHORITY/ALEXIAN BROTHERS HEALTH SYSTEM: $135.97 million series 2010 revenue bonds (A3//A-); negotiated; Bank of America Merrill Lynch (lead); Cabrera Capital Markets LLC and Loop Capital Markets LLC (co-managers); proceeds to reimburse the health system for costs associated with upgrading St. Alexius Medical Center in Chicago and other upgrades made to Alexian Brothers hospitals, as well as refund existing debt.

INDUSTRIAL DEVELOPMENT AUTHORITY OF ARLINGTON COUNTY (VIRGINIA)/VIRGINIA HOSPITAL CENTER ARLINGTON: $145 million series 2010 fixed-rate hospital revenue refunding bonds (A2/A+/); negotiated; Bank of America Merrill Lynch and Morgan Stanley & Co. Inc. (lead); BB&T Capital Markets and Wells Fargo Securities Inc. (co-managers); bonds due 2010 to 2020 with 2025 and 2031; proceeds to fund a loan to refund hospital's series 2005 bonds.

MAINE HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY: $95 million series 2010A revenue bonds (Aa3//AA); negotiated; Bank of America Merrill Lynch and Morgan Stanley & Co. Inc. (lead); Wells Fargo Securities Inc., Barclays Capital Inc. and Cain Brothers (co-managers); proceeds to make a deposit to construction fund and refund debt.

MASSACHUSETTS DEPARTMENT OF TRANSPORTATION: $867.125 million series 2010 metropolitan highway system revenue bonds; negotiated; Citigroup Global Markets Inc. (lead); Bank of America Merrill Lynch, Barclays Capital Inc. and J.P. Morgan Securities Inc. (co-managers); 2010A-1 bonds due 2029; 2010A-2 bonds due 2037; 2010A-3 bonds due 2039; 2010A-4 bonds due 2039;2010A-5 bonds due 2039; 2010A-6 bonds due 2039; 2010A-7 bonds due 2029; 2010B bonds due 2020 to 2030 with term bond due 2035; proceeds to refund departments series 1997 and 1999 bonds.

• $592.335 million series 2010A-1 through 2010A-7 variable-rate demand obligations

• $274.79 million series 2010B bonds

MUSCOGEE COUNTY SCHOOL DISTRICT (GEORGIA): $52.015 million series 2010 general obligation sales tax bonds (/AA+/); negotiated; Baird & Co. Inc. (lead); bonds due 2011 to 2013; proceeds to acquire, construct and equip new school buildings, construction one or two new elementary schools, construct a replacement for Carver High School and provide upgrades for several other schools.

ORLANDO COMMUNITY REDEVELOPMENT AGENCY (FLORIDA): $75.48 million series 2010 tax increment revenue bonds (A2/A/A); negotiated; Bank of America Merrill Lynch and Morgan Stanley & Co. Inc. (lead); Citigroup Global Markets Inc., Rice Financial Products Co. and Wells Fargo Securities Inc. (co-managers); proceeds to construct a performing arts center in downtown Orlando.

• $7.51 million series 2010A downtown district tax-exempt bonds

• $67.97 million series 2010B downtown district Build America Bonds

PALM BEACH COUNTY HEALTH FACILITIES AUTHORITY/BETHESDA HEALTHCARE SYSTEM INC. (FLORIDA): $130 million series 2010A health facilities revenue bonds (Aa3/AAA/); negotiated; Barclays Capital Inc. and BB&T Capital Markets (lead); proceeds to refund existing bonds.


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