Municipals Calendar: Portland plans $554.12 million

March 31 Week

CLARK UNIVERISTY/MASSACHUSETTS DEVELOPMENT FINANCE AGENCY: $50.3 million series 2008 variable-rate bonds (Aaa); weekly rate; negotiated; UBS Investment Bank; proceeds to refund series 2000, 2002A and 2002B bonds, pay the termination fee on a swap for the series 2002A bonds and fund renovations of the Goddard Library; pricing week of March 31.

NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY: $617 million school facilities construction bonds; negotiated; Morgan Stanley; pricing week of March 31.

OGLETHORPE POWER CORP. (GEORGIA): $315.4 million debt securities; negotiated; J.P. Morgan Securities Inc. (lead); pricing week of March 31.

SAN BERNARDINO COUNTY, CALIF.: $160 million pension obligation refunding bonds; negotiated; Goldman, Sachs & Co. (lead); proceeds to replace auction-rate bonds; pricing expected week of March 31.

APRIL 3

ANNE ARUNDEL COUNTY (MARYLAND): $87.2 million series 2008 general obligation bonds (Aaa//); competitive; consolidated general improvement bonds due 2009 to 2028 and consolidated water and sewer bonds due 2009 to 2036; proceeds for county capital projects, water and wastewater projects and refund series A bond anticipation notes and series B water and sewer bonds; April 3.

JOHNSON COUNTY (KANSAS): $98.425 million bonds; competitive; pricing April 3.

NEVADA: $131.975 million series 2008 motor vehicle fuel tax highway improvement revenue bonds (Aa3); competitive; serial maturities from 2011 through 2025; proceeds to fund state highway construction projects; pricing April 3.

PORTLAND (OREGON): $554.12 million series 2008A and 2008B first-lien sewer system refunding and revenue bonds (Aa3/AA-/); competitive; due June 15, 2009 to June 15, 2023; maximum TIC and coupon of 6%; proceeds for sewer system improvements, refunding of 1998A bonds, refunding of 2003B second-lien sewer system revenue bonds and for contribution to reserve account; pricing April 3.

• $339.89 million series 2008A bonds

• $214.23 million series 2008B bonds

WESTERN MICHIGAN UNIVERSITY: $123.795 million series 2008 general revenue bonds (A2); negotiated; Lehman Brothers; bonds insured by FSA; proceeds to refund series 2000 and series 2002A general revenue bonds; pricing April 3.

APRIL 7 WEEK

CLEVELAND PUBLIC POWER SYSTEM: $100 million series 2008A revenue bonds (A2); fixed-rate refunding; proceeds to finance a distribution system expansion program; pricing week of April 7.

April 7

BRANDEIS UNIVERSITY/MASSACHUSETTS DEVELOPMENT FINANCE AGENCY: $62.5 million series M variable-rate demand revenue bonds (Aa3//); negotiated; Lehman Brothers (lead); proceeds to refund series L auction-rate bonds; pricing April 7.

DISTRICT OF COLUMBIA WATER & SEWER AUTHORITY: $310 million series 2008A public utility subordinated-lien revenue refunding bonds (A1//); competitive; proceeds to refund series 2004 and 2007B auction-rate subordinate-lien taxable revenue bonds; pricing April 7.

UNIVERSITY OF SOUTH CAROLINA: $66.68 million series 2008A public university revenue bonds (Aa3//); negotiated; Lehman Brothers (lead); proceeds to construct honors college dormitory at Columbia, S.C., campus, pay for land acquisition and construct a student housing facility; pricing April 7.

April 8

MUHLENBERG COLLEGE/LEHIGH COUNTY GENERAL PURPOSE AUTHORITY (PENNSYLVANIA): $56.485 million series 2008 private college revenue bonds (A1//); negotiated; UBS Securities; proceeds to refund the series 2005 and 2007 auction-rate bonds; pricing April 8.

NORFOLK (VIRGINIA): $58.515 million series 2008 water revenue bonds (A1/AA+/AA); competitive; Public Financial Management (FA); maturities from 2009 to 2038; proceeds to finance improvements to the city's water system; pricing April 8.

April 9

ROSEVILLE/SOUTH PLACER WASTEWATER AUTHORITY (CALIFORNIA): $165.85 million variable-rate demand refunding wastewater revenue bonds; remarketing; Morgan Stanley & Co.; proceeds to refund series 2003 auction rate bonds and series 2000A and 2000B revenue bonds; pricing April 9.

• $73 million series 2008A bonds

• $92.85 million series 2008B bonds

April 10

CALIFORNIA: $1.75 billion general obligation bonds (A1/A+/A+); negotiated; Morgan Stanley (lead); E.J. De La Rosa & Co., J.P. Morgan Securities Inc. and Merrill Lynch (co-managers); bonds due 2009 to 2018 with term bonds due 2023 and 2027; proceeds for capital improvement projects; bonds to settle April 17; pricing April 10.

• $1.3 billion tax-exempt various purpose general obligation bonds

• $400 million tax-exempt general obligation refunding bonds

• $50 million taxable general obligation bonds

OHIO: $50 million series 2008A revitalization project bonds (A1/AA-/); negotiated; PNC Capital Markets (lead); maturities from Oct. 1, 2008 through Oct. 1, 2022; proceeds to pay for the development or use of publicly and privately owned land in the state; pricing April 10.

APRIL 14 WEEK

PHILADELPHIA: $203.8 million series 2008A general obligation refunding bonds (//BBB+); negotiated; proceeds to refund outstanding series 2003B-1 and series 2003B-2 general obligation bonds; pricing week of April 14.

APRIL 14

INLAND EMPIRE UTILITIES AGENCY/CHINO BASIN REGIONAL FINANCING AUTHORITY (CALIFORNIA): $56.005 million series 2008B variable-rate demand revenue refunding bonds (A1); proceeds to refund series 2002A bonds; pricing April 14.

April 15

DICKINSON INDEPENDENT SCHOOL DISTRICT (GALVESTON COUNTY, TEXAS): $60 million series 2008 unlimited tax schoolhouse bonds (A3/A-); negotiated; Southwest Securities (lead); RBC Capital Markets, Coastal Securities, Banc of America Securities, Estrada Hinojosa & Co., UBS Investment Bank (co-managers); proceeds for construction, acquisition and equipment of schools, the purchase of sites for school buildings and for the acquisition of new school buses; pricing April 15.

PIMA COUNTY (ARIZONA): $75 million series 2008 sewer revenue bonds (A1//); competitive; proceeds to finance sewer system improvements, including pipe rehabilitation and treatment plant expansion; pricing April 15.

PHILADELPHIA (PENNSYLVANIA): $203.8 million series 2008A general obligation refunding bonds (Baa1); proceeds to refund series 2003B auction-rate bonds to convert them to fixed rate; pricing April 15.

STATE PUBLIC WORKS BOARD (CALIFORNIA): $58 million bonds; various projects; pricing April 15.

UNIVERSITY OF THE SCIENCES/PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY: $62.4 million series 2008 revenue bonds (A3//); negotiated; UBS Securities (lead); proceeds to refund series 2005B and 2006 auction-rate bonds; pricing April 15.

April 16

PARISH SCHOOL BOARD OF THE PARISH OF JEFFERSON (LOUISIANA): $50 million sales tax school bonds (Aaa/AAA/AAA); competitive; Assured Guaranty is bond insurer; bonds due 2010 to 2028; proceeds to refund series 2005 and series 2007 bonds; pricing April 16.

TEMPLE UNIVERSITY (PENNSYLVANIA): $120 million series 2008 university funding obligations (MIG1//); competitive; Public Financial Management (financial advisor); proceeds to refinance university's series 2007 funding obligations; pricing April 16.

April 22

ARIZONA: $239 million series 2008A certificates of participation (A1//); competitive; proceeds for capital projects on state's prisons and forensic facilities; pricing April 22.

April 23

SCOTTSDALE (ARIZONA): $120 million general obligation bonds (Aaa/AAA/AAA); competitive; Piper Jaffray & Co. (financial advisor); maturities from 2009 through 2034; proceeds for various community projects, including transportation and the library and park systems; pricing April 23.

• $100 million series 2008A bonds

• $20 million series 2008B bonds

SCOTTSDALE (ARIZONA): $110 million series 2008A excise tax revenue bonds (Aa1/AAA/AA+); competitive; Piper Jaffray & Co. (financial adviser); maturities from 2009 through 2032; proceeds for water and sewer improvements; pricing April 23.

April 30

METROPOLITAN SEWERAGE DISTRICT OF BUNCOMBE COUNTY, N.C.: $22.165 million series 2008B revenue refunding bonds (Aa3/AA/AA); weekly rate; negotiated; Banc of America Securities LLC; due July 1, 2029; proceeds to refund outstanding series 2004 revenue bonds and series 2005 revenue refunding bonds; pricing April 30.

APRIL

GEORGIA TECH FACILITIES/DEVELOPMENT AUTHORITY OF FULTON COUNTY: $66.655 million refunding revenue bonds; negotiated; UBS Investment Bank; weekly interest rate; proceeds to refund the authority's and Georgia Tech Facility's series 2005A bonds.

• $32.895 million series 2008A bonds due May 1, 2037

• $33.76 million series 2008B bonds due June 1, 2032

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.

KENT HOSPITAL FINANCE AUTHORITY/SPECTRUM HEALTH (MICHIGAN): $227.32 million revenue refunding bonds (Aa3/AA/); negotiated; Citigroup Global Markets (lead); includes 2008A-1, 2008A-2, 2008A-3 and 2008A-4 bonds; proceeds to refund series 2001B and 2007 bonds.

UNIVERSITY OF NORTH CAROLINA AT WILMINGTON CORP.: $61.95 million series 2008 certificates of participation (/A-/); negotiated; Banc of America Securities LLC and BB&T Capital Markets (lead); bonds due 2010 to 2021 with term bonds due 2024, 2027, 2032 and 2038; proceeds to construct and equip suite-style student housing and purchase a debt service reserve surety bond in lieu of a debt service reserve fund; pricing in April.

ON THE HORIZON

ASCENSION HEALTH/HEALTH AND EDUCATIONAL FACILITIES AUTHORITY OF MISSOURI: $102.05 million series 2008C revenue bonds (Aa1/AA/AA+); negotiated; Citigroup Global Markets and Morgan Stanley; to bear interest at long-term rate; bonds to be issued in exchange for correlating number of series 2003 bonds from Missouri issuers; pricings may occur April 11, April 18 and May 9.

ASCENSION HEALTH/INDIANA FINANCE AUTHORITY: $224.175 million series 2008E revenue bonds; negotiated; Citigroup Global Markets and Morgan Stanley; bonds issued in exchange for correlating number of series 2003 bonds from Indiana issuers; pricings may occur April 11, April 18 and May 9.

CONNECTICUT: $2 billion taxable general obligation bonds (Aa3/AA/AA); negotiated; Bear, Stearns & Co., JPMorgan and Merrill Lynch (lead); Citigroup Global Markets, Lehman Brothers, M.R. Beal & Co., Morgan Stanley, Ramirez & Co., Siebert Brandford Shank & Co., UBS Investment Bank, Banc of America Securities, Belle Haven Investments, Depfa First Albany Securities, Goldman, Sachs & Co., Jackson Securities, Loop Capital Markets, Wachovia Bank, Roosevelt & Cross, William Blair & Co., RBC Capital Markets, Cabrera Capital Markets, Corby Capital Markets, Estrada Hinojosa & Co., Melvin and Co., Praeger, Sealy & Co., Rice Financial Products Co., SBK-Brooks Investment Corp., Sterne, Agee Leach & Co., and Webster Bank; proceeds to deposit to the Teachers' Retirement Fund.

• $1.6 billion series 2008A Teachers' Retirement Fund current interest bonds due 2014 to 2028, term bonds due 2032

• $400 million series 2008B Teachers' Retirement Fund capital appreciation bonds due 2014 to 2025

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 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; 18-hour notice.

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

FLORIDA: $110 million series 2008A Everglades restoration revenue refunding bonds; competitive; pricing on an 18-hour notice; 18-hour notice.

HARRIS COUNTY HEALTH FACILITIES DEVELOPMENT CORP. (TEXAS): $230.06 million series 2008 thermal utility revenue bonds (Aa3/AA-/); negotiated; RBC Capital Markets (lead); JPMorgan, Siebert Brandford Shank & co. and Merrill Lynch & Co.; proceeds will be loaned to the Texas Medical Center Central Heating and Cooling Services Corp. to construct first-phase projects for the corporation and fund capitalized interest.

HEALTH AND EDUCATIONAL FACILITES BOARD OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY/VANDERBILT UNIVERSITY (TENNESSEE): $353.31 million series 2008A, 2008B and 2008C revenue refunding bonds (Aa2AA/AA); negotiated; Merrill Lynch & Co. (lead); Goldman, Sachs & Co. and J.P. Morgan Securities Inc. (co-managers); proceeds to retire commercial paper and refund series 1997A and series 1998A revenue refunding bonds.

HOUSTON INDEPENDENT SCHOOL DISTRICT (Texas): $385.4 million series 2008 limited tax schoolhouse bonds; negotiated; Merrill Lynch & Co. (lead); serial maturities from 2012 through 2033; proceeds to construct, equip and acquire school buildings and sites.

INDUSTRIAL DEVELOPMENT BOARD OF MOBILE (Ala.): $246.5 million pollution control revenue bonds (A2/A); remarketing; Morgan Keegan & Co. (lead); mature June 1, 2034; pricing mid-March.

• $86.5 million series 2007-A bonds

• $80 million series 2007-B bonds

• $80 million series 2007-C bonds

LANCASTER PORT AUTHORITY (OHIO): $348.25 million gas supply variable-rate revenue bonds (Aaa/VMIG1); negotiated; RBC Capital Markets (lead); due 2038; proceeds to prepay a 30-year gas supply to the authority, make scheduled interest rate swap payments and make a deposit to a debt service reserve fund.

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.

MESA UNIFIED SCHOOL DISTRICT NO. 4 (MARICOPA COUNTY, ARIZ.): $50 million school improvement bonds (Aa3/AA-/); negotiated; RBC Capital Markets (lead); series 2008C bonds due 2009 and 2013 through 2017; proceeds for school improvements and bus purchases.

MICHIGAN STRATEGIC FUND/VAN ANDEL RESEARCH INSTITUTE: $220 million series 2008 adjustable-rate demand limited obligation revenue and refunding revenue bonds (/AA+/AA); negotiated; Merrill Lynch; due April 1, 2043; initially bear interest at weekly rate; proceeds to finance land acquisition and construction of medical research and office facility, and refund series 2007 variable-rate demand limited obligation revenue 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.

PIEDMONT TRIAD AIRPORT AUTHORITY (NORTH CAROLINA): $98.115 million variable-rate airport revenue bonds and airport revenue refunding bonds; negotiated; Banc of America Securities (lead); 2008A bonds reset at weekly rate and 2008B bonds bear interest at a long-term rate; 2008A bonds due 2032 and 2008B bonds due 2029; proceeds for capital improvements, runway developments and to repay variable-rate bonds issued in 2004.

INDUSTRIAL DEVELOPMENT BOARD OF MOBILE (ALABAMA): $246.5 million pollution control revenue bonds (A2/A); remarketing; Morgan Keegan & Co. (lead); mature June 1, 2034; pricing mid-March.

• $86.5 million series 2007-A bonds

• $80 million series 2007-B bonds

• $80 million series 2007-C bonds

PIMA COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (ARIZONA)/TUCSON ELECTRIC POWER CO.: $125.074 million series 2008A variable-rate industrial development revenue bonds; negotiated; Morgan Stanley and JPMorgan (lead); BNY Capital Markets and Wachovia Securities (co-managers); due 2029; proceeds to redeem the authority's 1997B and 1997C revenue bonds.

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: $75 million in tax-exempt and taxable bonds; proceeds for new cancer research center; pricing expected in April.

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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