Municipals Calendar: Ohio Public Facilities plans $137.97 million

FEBRUARY 25 WEEK

FLORIDA BOARD OF EDUCATION: $315.4 million series 2008A State Board of Education lottery revenue bonds (AA+); competitive; proceeds for school construction and renovation of schools; pricing expected week of Feb. 25

February 28

CHILDREN'S HEALTHCARE OF ATLANTA: $193 million certificates of participation (Aa2/VMIG1); $72.965 million series 208A variable-rate demand bonds through the Development Authority of Fulton County; $120 million 2008B variable-rate demand certificates through DeKalb Private Hospital Authority; proceeds to refund 2005A and 2005C bonds and reimburse prior capital expenses; pricing Feb. 28.

CITY OF AUSTIN/AUSTIN ELECTRIC ENTERPRISE UTILITIES: $50 million series 2008 taxable series electric utility revenue refunding bonds (A1); negotiated; Banc of America Securities (lead); proceeds to refund $50 million in outstanding commercial paper; pricing Feb. 28.

FLORIDA: $155 million series 2008A right-of-way acquisition and bridge construction bonds (Aa1/AAA/AA+); competitive; serial structure from 2008 to 2017; proceeds to acquire property for rights of way and state bridge construction; pricing Feb. 28.

MASSACHUSETTS HEALTH & EDUCATIONAL FACILITIES AUTHORITY/SOUTH SHORE HOSPITAL: $94.585 million series G variable-rate demand revenue bonds (Aaa); negotiated; Cain Brothers (lead); bonds reset at the weekly rate; proceeds to refund 1993E bonds and 1999F bonds; pricing Feb. 28.

MICHIGAN STRATEGIC FUND: $77.37 million series 2008 state House of Representatives limited obligation revenue and revenue refunding bonds (A2/A+); negotiated; Citigroup Global Markets and Oppenheimer (lead); 2008A bonds due from 2011 to 2023 and 2008B bonds due 2011; proceeds to defease debt issued in 1998 to finance construction of an office building for the House of Representatives; pricing Feb. 28.

• $75.29 million series 2008A bonds

• $1.13 million series 2008B taxable bonds

NEW YORK: $100 million multi-modal bonds; Bank of America (re-marketing agent); adjustable rate; pricing Feb. 28.

OHIO PUBLIC FACILITIES COMMISSION: $137.965 million general obligation refunding bonds (Aa1/AA+/AA+); negotiated; UBS Investment Bank (lead); KeyBanc Capital Markets, Butler Wick & Co., Merrill Lynch & Co., PNC Capital Markets and Ross, Sinclaire and Associates (co-managers); 2008A higher-education bonds due 2010 to 2014; 2008A common school bonds due from 2010 to 2016; 2008A infrastructure improvement bonds due 2010 to 2012; proceeds refund bonds used for capital improvements to higher education, common schools and suburban facilities; pricing Feb. 28.

• $59.01 million series 2008A higher-education general obligation refunding bonds

• $58.195 million series 2008A common schools general obligation refunding bonds

• $20.76 million series 2008A infrastructure improvement general obligation refunding bonds.

PASCO COUNTY SOLID WASTE ENTERPRISE, FLA.: $95 million ($41 million solid waste disposal and resource revenue recovery system refunding revenue bonds, series 2008B, 2008C, 2008D-1, 2008D-2 and $54 million solid waste disposal and resource revenue recovery system refunding revenue bonds, taxable series 2008A) (A2); competitive; proceeds to defease all the solid waste system's existing bonds to provide cash-flow relief, fund a debt service reserve account, provide funds for minor capital improvements; pricing Feb. 28.

REDEVELOPMENT AGENCY OF THE CITY OF RIALTO (CALIFORNIA): $100.11 million in tax allocation bonds (A-/BBB+); competitive; serial maturities from 2008 to 2037; proceeds to fund housing and non-housing redevelopment activities and fund reserve accounts; pricing Feb. 28.

• $46.75 million series 2008A tax-exempt bonds

• $30.795 million series 2008B taxable bonds

• $22.565 million series 2008C taxable bonds

February 29

NEW JERSEY HEALTH CARE FACILITIES FINANCE AUTHORITY/HACKENSACK UNIVERSITY MEDICAL CENTER: $85 million series 2008 revenue bonds (A3/A-); negotiated; Bear, Stearns & Co. (lead); proceeds for construction of new cancer center and 975-space parking garage; pricing March 1.

UNIVERSITY OF AKRON (OHIO): $110.05 million series 2008B general receipt bonds (A2); negotiated; Morgan Stanley (lead); proceeds for capital projects on campus including construction of stadium, student residential facility and parking facility, the conversion of a hotel into a dormitory and the refunding of the university's series 2003A and 2003B general receipt rental notes; pricing March 1.

MARCH 3 WEEK

COMMONWEALTH FINANCING AUTHORITY (PENNSYLVANIA): $187.5 million series 2008A fixed-rate, federally taxable revenue bonds (A1/AA-); bonds mature from 2009 to 2027; proceeds for economic development-related grants and loans to public and private entities; pricing expected week of March 3.

March 3

ESSENTIA HEALTH (WISCONSIN, NORTH DAKOTA, MINNESOTA): $293.495 million health care facilities variable-rate demand revenue bonds (F1+/A-1+); Goldman, Sachs & Co. and Piper Jaffray (remarketing agents); bonds include series 2008A bonds for Cass County, North Dakota, series 2008B-1 in bonds for Wisconsin Health and Educational Facilities Authority and series 2008C bonds for Minnesota Agricultural and Economic Development Board; proceeds from North Dakota bonds to refinance portion of costs of assets from Dakota Clinic, Dakota Specialty Institute and Medical Properties; Wisconsin bonds to equip and improve Essentia's facilities and refund a portion of 1999B Wisconsin Health and Educational Facilities Authority bonds; Minnesota bonds to refund series 1999A Minnesota Agricultural and Economic Development Board health care revenue bonds and refund 1999B Duluth Economic Development Authority health care revenue bonds; pricing March 3.

• $30.55 million series 2008A-1 bonds for Cass County, North Dakota

• $30.55 million series 2008A-2 bonds for Cass County, North Dakota

• $12.975 million series 2008B-1 Wisconsin Health and Education Facilities Authority health care facilities variable-rate demand revenue bonds

• $40.65 million series 2008C-3 Minnesota Agricultural and Economic Development Board bonds

• $123.255 million series 2008C-4A Minnesota Agricultural and Economic Development Board bonds

• $40.295 million series 2008C-5 taxable convertible Minnesota Agricultural and Economic Development Board bonds

March 4

DELAWARE: $215.705 million general obligation bonds; competitive; serial structure from 2009 to 2028; proceeds for capital projects, deposit to an escrow fund, as well as to refund 1998A general obligation bonds; pricing March 4.

METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY (TENNESSEE): $310 million general obligation bonds (Aa2/AA); competitive; proceeds to buy back commercial paper used as bond anticipation notes; pricing March 4.

NEW YORK STATE THRUWAY AUTHORITY: $724.01 million series 2008A second general highway and trust fund bonds (AA/AA-); negotiated; Goldman, Sachs & Co. (lead); Bear, Stearns & Co., JPMorgan, UBS Investment Bank, Banc of America Securities, Jackson Securities, KeyBanc Capital Markets, Lehman Brothers, Loop Capital Markets and Sterne, Agee & Leach Inc. (co-managers); bonds due from 2009 to 2028; proceeds to refund general trust fund bonds and reimburse state for expenses made by the Department of Transportation; pricing March 4.

NORTHERN MICHIGAN UNIVERSITY: $106.52 million series 2008A general revenue bonds (A2); negotiated; Piper Jaffray (lead); proceeds to refund outstanding bonds and renovate a residence hall and termination of swap agreements; pricing March 4.

SALT RIVER PROJECT AGRICULTURAL IMPROVEMENT AND POWER DISTRICT (ARIZ.): $800 million fixed-rate electric system revenue bonds (Aa1); negotiated; Bear, Stearns & Co. (lead); Goldman, Sachs & Co., JPMorgan, Morgan Stanley, Citigroup Global Markets (co-managers); bonds have serial structure from 2009 to 2038 with two term bonds; proceeds to finance the utility's ongoing capital improvement plan for the expansion of the electric system; pricing March 4.

March 5

PENNSYLVANIA STATE PUBLIC SCHOOL BUILDING AUTHORITY/DELAWARE COUNTY COMMUNITY COLLEGE: $60 million series 2008 college revenue bonds (A2); negotiated; Wachovia Securities (lead); proceeds to construct and equip a science, technology, math and engineering complex on the college campus in Marple, Pa.; pricing March 25.

THOMAS JEFFERSON UNIVERSITY (PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY) (A1): $71.55 million series 2008A and 2008B revenue bonds; negotiated; UBS Securities LLC (lead); proceeds to fund capital projects and improvements, as well as refunding the university's series 2005 revenue and refunding bonds; pricing March 5.

UNIVERSITY OF MICHIGAN (Aaa/VMIG1); $224 million series 2008A and 2008B general revenue bonds; proceeds to fund projects that include renovations to Michigan Stadium and the Stephen M. Ross School of Business; pricing March 5.

March 6

BIOLA UNIVERSITY/CALIFORNIA MUNICIPAL FINANCE AUTHORITY: $96.595 million series 2008A and 2008B refunding revenue bonds (Baa1); negotiated; Lehman Brothers (lead); proceeds to refund outstanding series 2002 variable-rate demand bonds and series 2004 taxable variable-rate demand bonds; pricing March 6.

MASSACHUSETTS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/TUFTS UNIVERSITY: $59.775 million revenue bonds (Aa2/AA-); negotiated; Lehman Brothers (lead); proceeds to refund the Massachusetts Development Finance Agency series H revenue bonds; pricing March 6.

MONTGOMERY COUNTY (MARYLAND)/MONTGOMERY COLLEGE: $84.865 million; competitive; pricing March 6.

PUBLIC UTILITY DISTRICT NO. 1 OF CHELAN COUNTY (WASHINGTON): $92.88 million series 2008B consolidated system variable-rate revenue bonds (Aa2/AA/AA); Lehman Brothers (remarketing agent); bonds due 2032; proceeds to be held in trust for the $93.75 million outstanding principal of 2007A revenue bonds; pricing March 6.

MARCH 10 WEEK

March 11

LA PORTE INDEPENDENT SCHOOL DISTRICT (TEXAS): $65 million series 2008 unlimited tax school building bonds (Aa3); negotiated; advisor is RBC Capital Markets; proceeds to finance construction of new education facilities, as well as fleet and technology purchases; pricing March 11.

WALT DISNEY FAMILY MUSEUM/CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK: $59.1 million series 2008 revenue bonds (A1/AA-); proceeds to renovate facilities for the museum complex; pricing March 11.

March 13

CLARK COUNTY, NEVADA: $200 million highway revenue commercial paper notes (P-1); series 2008A and series 2008B motor vehicle fuel tax notes; negotiated; Citigroup Global Markets (lead for 2008A); UBS Securities (lead for 2008B); pricing March 13.

SWEETWATER UNION HIGH SCHOOL DISTRICT (CHULA VISTA, CALIF.): $180 million general obligation bonds (A2/A+); negotiated; UBS Securities (lead); Alta Vista Financial (co-manager); fixed-rate bonds; proceeds to construct, repair, equip, acquire and furnish school facilities; pricing March 13.

MARCH 17 WEEK

March 17

BOARD OF REGENTS OF THE UNIVERSITY OF TEXAS SYSTEM: $680 million series 2008B public higher education revenue bonds (Aaa/VMIG1); negotiated; Lehman Brothers and JPMorgan Chase & Co. (lead); rate resets weekly; proceeds to refinance $462 million outstanding certificates of participation, refund $35 million outstanding bonds and fund $182 million in campus improvements; pricing March 17.

March 18

SAN DIEGO COUNTY REGIONAL TRANSPORTATION COMMISSION (CALIFORNIA): $600 million sales tax revenue bonds (Aa2); competitive; proceeds for capital projects; pricing March 18.

• $300 million series 2008A bonds

• $300 million series 2008B bonds

MARCH 24 WEEK

March 25

ORANGE REGIONAL MEDICAL CENTER (DORMITORY AUTHORITY OF THE STATE OF NEW YORK), MIDDLETOWN, N.Y.: $260 million series 2008 bonds (Ba1); negotiated; Merrill Lynch & Co. (lead), JPMorgan Chase & Co., Morgan Stanley; serial maturities of 30 years; proceeds for construction of 374-bed replacement hospital; pricing March 25.

March 26

NEW HAMPSHIRE HEALTH AND EDUCATIONAL FACILITIES AUTHORITY: $84.4 million revenue bonds (reoffering) (Aaa/AAA); Lehman Brothers (remarketing agent); bonds originally issued for university capital improvements; $24.35 million series 2006A bonds to be remarketed between March 26 and March 25, 2009.

SAN FRANCISCO AIRPORT: $261 million AMT and non-AMT bonds (A1/A); negotiated; Citigroup Global Markets (lead); serials from 2012 to 2022; proceeds to refund existing bonds; pricing March 26.

TAMPA ELECTRIC CO.: $286.8 million; refinancing of tax-exempt auction-rate bonds; pricing March 26.

March 28

NEW HAMPSHIRE HEALTH AND EDUCATIONAL FACILITIES AUTHORITY: $84.4 million revenue bonds (reoffering) (Aaa/AAA); JPMorgan (remarketing agent); bonds originally issued for university capital improvements; $60.05 million in series 2006B-1 bonds will be remarketing from March 28 through March 27, 2009.

MARCH 31 WEEK

April 1

HOWARD HUGHES MEDICAL INSTITUTE (THROUGH MARYLAND ECONOMIC DEVELOPMENT CORP.): $76.5 million refunding bonds series 2008B; negotiated; Lehman Brothers; proceeds to refund existing debt from series 1990 bonds; pricing April 1.

ILLINOIS STATE UNIVERSITY: $21.815 million series 2008 certificates of participation (A2); competitive; proceeds for new student fitness and kinesiology and recreation center, as well as power plant; pricing April 1.

MARCH

UNIVERSITY OF OKLAHOMA HEALTH SCIENCES CENTER: $75 million in tax-exempt and taxable bonds; proceeds for new cancer research center; pricing expected in March or April.

APRIL

HOWARD HUGHES MEDICAL INSTITUTE: $76.5 million series 2008B refunding bonds; negotiated; Lehman Brothers (lead); proceeds to refund existing debt on the headquarters from the institute's 1990 bonds; pricing expected in April.

ON THE HORIZON

CHELAN COUNTY PUBLIC UTILITY DISTRICT NO. 1 (WASHINGTON): $92.88 million consolidated system revenue bonds (variable-rate) (Aa2/AA/AA); Lehman Brothers (remarketing agent); bonds due 2032; proceeds held in trust for the $93.75 million in outstanding principal amount of series 2007A revenue bonds.

FAIRFIELD, CONN.: $51.115 million 2008 refunding bonds; negotiated; William Blair (lead); serial structure from 2010 to 2023; proceeds refund city's 2003A and 2003B bonds.

FLORIDA DEPARTMENT OF ENVIRONMENTAL PROTECTION: $278 million series 2008A Florida forever revenue bonds; competitive; 18-hour notice.

HARRIS COUNTY CULTURAL EDUCATIONAL FACILITIES (TEXAS): $158.5 million series 2008A revenue bonds for YMCA of Greater Houston; negotiated; Goldman, Sachs & Co. (lead), Merrill Lynch, Morgan Keegan, RBC Capital Markets and Wachovia Bank (co-managers); bonds price in serial structure from 2010 through 2020 and include $132.855 million term bonds due 2030, 2038 and 2042; proceeds for family and therapy pools, additional facility space, parking areas and sports fields; pricing in coming weeks.

INDUSTRIAL DEVELOPMENT AUTHORITY (PIMA COUNTY, ARIZ.): $195 million lease revenue bonds series 2008 (Aa2); negotiated; Lehman Brothers (lead), Wells Fargo Brokerage Services (co-manager); sold in serial structure from 2010 through 2039; proceeds to acquire 1,038-bed, 139,000 square-feet detention center in Clark County, Nevada.

MASSACHUSETTS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY: $141.235 million series M Boston College Issue revenue bonds (Aa3/AA-); negotiated; Lehman Brothers (lead); due from 2023 to 2028 with term bonds due 2030 and 2035; proceeds for renovations on campus, the construction of administrative building and construction of stairs at a campus building.

NORTH TEXAS TOLLWAY AUTHORITY: $2.315 billion revenue refunding bonds (A2/A-); negotiated: Bear, Stearns & Co. (lead); proceeds to refund portions of series 2007 bond appreciation notes; series 1997 and series 1997A revenue refunding bonds; series 2003C refunding bonds; series 2005A revenue bonds; and series 2005B variable rate revenue bonds.

• Series 2008A bonds of $1.413 billion first tier current interest bonds

• Series 2008B $233.2 million first tier current interest bonds

• Series 2008C $19.115 million first tier taxable current interest bonds

• Series 2008D $150 million first tier insured capital appreciation bonds

• Series 2008E $500 million first tier put bonds

PALM BEACH COUNTY SCHOOL BOARD: $112.7 million series 2007B certificates of participation; remarketing; Bear, Stearns & Co.; certificates issued in March 2007 to finance the acquisition and construction of facilities.

RAPIDES FINANCE AUTHORITY (LOUISIANA)/CLECO POWER LLC: $60 million revenue bonds; Goldman Sachs &Co. (remarketing agent); JPMorgan and BNY Capital Markets Inc. (co-managers); bonds due 2037; bonds initially issued Nov. 1, 2007, converted to bear interest at term rate; proceeds to be deposited into construction fund for sewage disposal facilities.

SAN FRANCISCO CITY AND COUNTY AIRPORT COMMISSION: $169.5 million 34A-C senior lien variable-rate revenue refunding bond, $255 million 34D-E senior lien fixed-rate revenue refunding bonds, $110 million 34F-G senior-lien variable-rate revenue refunding bonds (A); timing not set.

SOUTHERN CALIFORNIA PUBLIC POWER AUTHORITY: $140.11 million Natural Gas Project A 2008 taxable revenue bonds for Anaheim, Burbank and Colton; proceeds to refinance each city's share of natural gas project acquisition and development costs through redemption of authority's draw-down revenue bonds issued as a short-term financing for the project;

• $80.36 million Natural Gas Project A 2008 taxable revenue bonds for City of Anaheim

• $43.275 million Natural Gas Project A 2008 taxable revenue bonds for City of Burbank

• $16.475 million Natural Gas Project A 2008 taxable revenue bonds for City of Colton

SOUTH CAROLINA PUBLIC SERVICE AUTHORITY (SANTEE COOPER): $93.155 million revenue obligation bonds; negotiated; Goldman, Sachs & Co. (lead), Citigroup Global Markets; Bear, Stearns & Co.; Merrill Lynch & Co.; and Morgan Stanley (co-managers); proceeds will be used to refund series 1997 A refunding bonds.

UNIVERSITY OF OKLAHOMA HEALTH SCIENCES CENTER: $100 million tax-exempt and taxable bonds; proceeds for new cancer research center; pricing expected in late spring or early summer.

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