State of Connecticut

CAPITAL PROJECTS FUNDS

CHANGES IN BONDS AND NOTES OUTSTANDING SCHEDULE E-3
JULY 1, 2007 TO JUNE 30, 2008
(In Thousands)
OUTSTANDING
6/30/2007
ADDITIONS
2007-08
RETIRED/
DEFEASED
2007-08
OUTSTANDING
6/30/2008
Bonds Redeemable From General and Transportation        
Fund Revenues        
Capital Improvements and Other Purposes $1,990,461 $205,400 $195,771 $2,000,090
School Construction 2,784,621 717,290 130,891 3,371,020
Municipal and Other Grants and Loans 1,350,353 165,810 281,629 1,234,534
Elderly Housing 49,584 41,545 27,241 63,888
Elimination of Water Pollution 198,720 30,000 33,002 195,718
Specific Highway Purposes 1,063 - 530 533
Infrastructure Improvement 2,815,134 250,000 275,789 2,789,345
Other Transportation 265 - 74 191
General Obligation Refunding 3,721,380 231,085 412,525 3,539,940
Pension Obligations - 2,276,578 - 2,276,578
Miscellaneous 129,115 2,000 38,385 92,730
Total from General and Transportation Funds 13,040,696 3,919,708 1,395,837 15,564,567
         
Bonds Redeemable From Other Sources        
University and State University 185,026 - 5,575 179,451
Bradley International Airport 265,610 - 10,870 254,740
Special Obligation Rate Reduction Bonds 125,375 - 125,375 -
Clean Water Fund 650,340 - 155,720 494,620
Total from Other Sources 1,226,351 - 297,540 928,811
Total Bonds Outstanding $14,267,047 $3,919,708 $1,693,377 $16,493,378

Occasionally during the fiscal year, cash resulting from bond refunding was used to purchase investments in U.S. Government Securities which were placed into an irrevocable trust for the eventual payment of certain bonds which are considered to be defeased at the fiscal year end. A summary of these transactions follows.

Refunding Date Refunding
Bonds Issued
Defeased
Bonds
- with various due dates from
       
December 2007 $187,145 $181,085 - Sept. 2008 through 2015
April 2008 50,000 50,000 - May 2012
       
Totals $237,145 $231,085