Municipal Calendar: Pennsylvania plans to sell $361.3 million

Week of July 23

NEW ORLEANS (LOUISIANA): $160,345,000 series 2012 general obligation refunding bonds; negotiated; Citigroup Global Markets Inc. (lead); Bank of America Merrill Lynch, Dorsey & Co. Inc., Loop Capital Markets LLC, Morgan Stanley & Co. LLC, Raymond James/Morgan Keegan and Stephens Inc. (co-managers); bonds due 2012 to 2033; proceeds to refund the city's series 1998, 2001 and 2002 G.O. refunding bonds and its series 2002, 2003 and 2004 public improvement bonds; pricing week of July 23.

July 24

COMMONWEALTH OF PENNSYLVANIA: $361.3 million of series 2012 first refunding general obligation bonds (Aa2//); competitive; Public Financial Management Inc. (financial advisor); due in January and serial maturities 2013 through 2023; proceeds to refund all or a portion of certain maturities of seven outstanding issues that include second series 2003, first series 2004, second series 2004, fourth series 2004, first series 2005, first series 2007A and first series 2007B general obligation bonds; pricing July 24.

FAIRFAX COUNTY (VIRGINIA): $93,025,000 series 2012 sewer revenue bonds (Aa1/AAA/AAA); competitive; Public Financial Management Inc. (financial adviser); bonds due 2013 to 2042; proceeds to finance capital improvement programs at the county's Norman M. Cole, Jr., Pollution Control Plant, District of Columbia Water and Sewer Authority Blue Plains Advanced Wastewater Treatment Plant, Alexandria Renew Enterprises' water treatment plant, Arlington County's water treatment plant and Loudoun Water's Broad Run water treatment plant; pricing July 24.

MANATEE COUNTY SCHOOL DISTRICT (FLORIDA): $50 million series 2012 tax anticipation notes (MIG 1); competitive; Public Financial Management Inc. (financial adviser); notes due May 1, 2013; proceeds to finance operating expenses for the district ahead of the collection of budgeted revenues; pricing July 24.

VIRGINIA HOUSING DEVELOPMENT AUTHORITY: $114,075,000 series 2012 rental housing bonds (Aa1/AA+/); competitive; proceeds to finance mortgages for properties to be used as rental housing units; pricing July 24.

• $39,075,000 series 2012B tax-exempt non-AMT bonds due 2014 to 2042

• $75 million series 2012C taxable bonds due 2014 to 2042

July 25

SANTA CLARA COUNTY FINANCING AUTHORITY (CALIFORNIA): $90.48 million of series 2012A lease revenue bonds (A1/AA/); competitive; KNN Public Finance (financial advisor); serial maturities from 2014 through 2024; proceeds to finance various public capital improvements and projects of the Santa Clara Valley Health and Hospital System Enterprise Core Healthcare Information System; pricing July 25.

Week of July 30

July 31

BANGOR (MAINE): $56.5 million series 2012B general obligation bonds; competitive; Moors & Cabot Inc. (financial adviser); bonds due 2014 to 2032 with term bond due in 2042; proceeds to refund bond anticipation notes, which were issued to partially fund the construction of a replacement for the Bangor Arena/Civic Center; pricing July 31.

August 1

VIRGINIA PUBLIC SCHOOL AUTHORITY/PRINCE WILLIAM COUNTY: $66,275,000 of series 2012 special obligation school financing bonds (Aaa/AAA/); competitive; BB&T Capital Markets LLC and Public Financial Management, Inc. (financial advisors); serial maturities from 2013 through 2032; proceeds to fund various capital school improvement projects; pricing on Aug. 1.

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.

CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY/CHILDREN'S HOSPITAL OF LOS ANGELES: $174,585,000 series 2012 revenue bonds (Baa2/BBB+/); negotiated; Bank of America Merrill Lynch and Citigroup Global Markets Inc. (lead); proceeds to prepay the hospital's series 1999 certificates and refund its series 2009 and 2010B bonds.

• $122.44 million series 2012A bonds due 2015 to 2027 with term bonds due in 2029, 2032 and 2034

• $52,145,000 series 2012B variable-rate revenue bonds due July 1, 2042

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

DALLAS AND FORT WORTH (TEXAS)/DALLAS/FORT WORTH INTERNATIONAL AIRPORT: $381.09 million series 2012D Dallas/Fort Worth International Airport joint revenue improvement bonds (A1/A+/A+); negotiated; Barclays Capital Inc., Siebert Brandford Shank & Co. LLC, Citigroup Global Markets Inc. and Stifel, Nicolaus & Co. (lead); proceeds to finance capital improvements to the airport.

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/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.

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.

FAIRFAX COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY OF FAIRFAX COUNTY/INOVA HEALTH SYSTEM (VIRGINIA): $350 million of health care revenue bonds (expected ratings of Aa2/AA+/); negotiated; Morgan Stanley & Co. LLC (lead); Citigroup Global Markets Inc., TD Securities (USA) LLC, BB&T Capital Markets LLC, Raymond James/Morgan Keegan and Edward D. Jones & Co. LP (co-managers); proceeds to finance new hospital additions.

• $290 million of series 2012A bonds

• $60 million of series 2012B bonds

FORT BEND GRAND PARKWAY TOLL ROAD AUTHORITY (TEXAS): $179,825,000 series 2012 limited contract tax and subordinate lien toll road revenue bonds (//AA+); negotiated; Bank of America Merrill Lynch and Citigroup Global Markets Inc. (lead); Estrada Hinojosa & Co. Inc., Loop Capital Markets LLC and Raymond James/Morgan Keegan (co-managers); bonds due 2022 to 2046; proceeds to finance the construction, design, acquisition and development of toll overpasses on the parkway and the reconstruction of the existing roadway from U.S. Highway 59 to and including the intersection at Farm to Market Road 1093, as well as to pay 36 months of capitalized interest.

HARRIS COUNTY (TEXAS): $199,915,000 series 2012 toll road senior lien revenue refunding Sifma index bonds (Aa3//AA-); negotiated; Citigroup Global Markets Inc. (lead); proceeds to refund county's series 2011A toll road revenue bonds.

• Series 2012A bonds due 2015 to 2017

• Series 2012B bonds due 2021

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.

JEA (FLORIDA): $109 million of series 2012B electric system subordinated revenue bonds (Aa3//AA-); negotiated; Bank of America Merrill Lynch (lead); Barclays Capital Inc., BMO Capital Markets Corp., Citigroup Global Markets Inc., Goldman, Sachs & Co., Jefferies & Co., J.P. Morgan Securities LLC, Loop Capital Markets LLC, Morgan Stanley & Co. LLC, Piper Jaffray, Raymond James/Morgan Keegan, RBC Capital Markets Corp. and Wells Fargo Securities LLC (co-managers); proceeds to refund outstanding subordinated electric system bonds.

LOS ANGELES DEPARTMENT OF WATER AND POWER: $413.08 million series 2012 water system revenue bonds (Aa2/AA/AA); negotiated; Wells Fargo Securities LLC and Siebert Brandford Shank & Co. LLC (lead for 2012B); Siebert Brandford Shank & Co. LLC (lead for 2012C); Citigroup Global Markets Inc., De La Rosa & Co. Inc., Mitsubishi UFJ Securities Inc., Morgan Stanley & Co. LLC and Ramirez & Co. (co-managers for 2012B); RBC Capital Markets LLC and Wells Fargo Securities LLC (co-managers for 2012C); proceeds to finance capital improvements to the city's water system, as well as to refund its series 2004C revenue bonds.

• $322 million series 2012B bonds due 2037, 2040 and 2043

• $91.08 million series 2012C bonds

MARYLAND: $727.92 million of second series 2012 general obligation bonds state and local facilities loan bonds (Aaa/AAA/AAA);

negotiated; Citigroup Global Markets Inc. (lead); Bank of America Merrill Lynch, J.P. Morgan Securities LLC, M&T Securities, Inc., Siebert Brandford Shank & Co., LLC, Barclays Capital Inc., Goldman, Sachs & Co., Loop Capital Markets LLC, Raymond James/Morgan Keegan and RBC Capital Markets Corp. (co-managers); proceeds for public purposes, including to acquire and construct state facilities, for capital grants to local governments, to match loans and grants to local governments, nonprofit institutions and other entities, for capital grants to local education agencies for public school renovations and to purchase federal securities for the advance refunding of outstanding general obligation bonds.

• $75 million of second series A bonds due 2015-2027

• $430 million of second series B bonds due 2015-2027

• $20 million of second series C bonds due 2015

• $15.32 million of second series D bonds due 2027

• $187.6 million of second series E refunding bonds due 2018-2020

MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES/JOHNS HOPKINS HEALTH SYSTEM OBLIGATED GROUP: $169,655,000 of revenue bonds (Aa3/AA-/AA-); index floating-rate mode; negotiated; J.P. Morgan Securities LLC and Goldman, Sachs & Co.; proceeds to refund outstanding bonds.

• $84,605,000 of series 2012C bonds

• $85,050,000 of series 2012D bonds.

METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY (TENNESSEE) $290 million in two tranches of refunding bonds (Aa1/AA/); negotiated; Piper Jaffray & Co. lead); Jefferies & Co., Raymond James/Morgan Keegan, Duncan-Williams, Inc., Siebert Brandford Shank & Co., LLC and U.S. Bancorp (co-managers); proceeds to refund the outstanding series 2002A district energy system revenue bonds and to advance refund certain maturities of the outstanding series 2005A general obligation bonds, series 2005 general obligation refunding bonds and series 2007A general obligation refunding bonds.

• $55 million of series 2012A district energy system revenue and tax refunding bonds due 2013 through 2033

• $235 million of series 2012B general obligation refunding bonds due 2013 though 2027

MISSISSIPPI/NISSAN NORTH AMERICA, INC.: $100,815,000 series 2012 general obligation refunding bonds (Aa2//AA+); negotiated; Morgan Stanley & Co. LLC (lead); Bank of America Merrill Lynch, RBC Capital Markets LLC, Crews & Associates Inc. and Stephens Inc. (co-managers); proceeds to convert the 2003A Nissan bonds from a weekly interest rate to a fixed interest rate through a current refunding of the bonds.

• $57.1 million series 2012A taxable bonds due 2013 to 2022

• $43,715,000 series 2012B tax-exempt bonds due 2013 to 2023

MISSISSIPPI/NISSAN NORTH AMERICA, INC.: $100,585,000 of series 2012C general obligation refunding bonds (Aa2/AA/AA+); negotiated; Morgan Stanley & Co. LLC; due Nov. 1, 2017; proceeds to fund the conversion of a portion of the series 2003A-B variable-rate general obligation bonds from a weekly interest rate to a Libor index interest rate mode through a current refunding of the bonds.

MISSISSIPPI: $78.72 million of series 2012D general obligation refunding bonds (Aa2/AA/AA+); negotiated;Morgan Stanley & Co. LLC; due Sept. 1, 2017; proceeds to fund the conversion of the series 2005 and series 2007 variable-rate general obligation capital improvements bonds from a weekly interest rate to an adjusted Sifma rate by a current refunding of the bonds.

MONTGOMERY COUNTY HIGHER EDUCATION AND HEALTH AUTHORITY/ABINGTON MEMORIAL HOSPITAL OBLIGATED GROUP (PENNSYLVANIA): $141,245,000 series 2012A hospital revenue bonds (/A/); negotiated; Goldman, Sachs & Co. (lead); Wells Fargo Securities LLC and PNC Capital Markets LLC (co-managers); proceeds to current refund the authority's series 1998 and 2002 revenue bonds.

NORTH TEXAS HIGHER EDUCATIONAL AUTHORITY, INC.: $463.2 million series 2012-1 Libor floating-rate bonds (/AA+(sf)/AAAsf); negotiated; Bank of America Merrill Lynch (lead); bonds due Dec. 1, 2034; proceeds to refund the authority's series 1998, 2000B, 2001A, 2004A, 2005A-B, 2007A-B and 2010A floating-rate bonds.

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.

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.

TRUSTEES OF PURDUE UNIVERSITY: $58,675,000 of series AA student fee bonds (Aaa/AA+/); negotiated; Morgan Stanley & Co. LLC (lead); Loop Capital Markets LLC and Cabrera Capital Markets, LLC (co-managers); proceeds to finance capital projects on the West Lafayette campus of Purdue University in Indiana and to refund outstanding debt in a temporary short-term tax-exempt commercial program.

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.

WAKE FOREST UNIVERSITY (NORTH CAROLINA): $125 million of series 2012 taxable bonds (Aa3/AA/); negotiated; Wells Fargo Securities LLC and BB&T Capital Markets LLC; serial maturities from 2024 through 2027 and terms due 2032 and 2042; proceeds to finance all or a portion of the cost of improvements and renovations to the university.

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