State of Connecticut

CAPITAL PROJECTS FUNDS

CHANGES IN BONDS AND NOTES OUTSTANDING SCHEDULE E-3
JULY 1, 2009 TO JUNE 30, 2010
(In Thousands)
OUTSTANDING
6/30/2009
ADDITIONS
2009-10
RETIRED/
DEFEASED
2009-10
OUTSTANDING
6/30/2010
Bonds Redeemable From General and Transportation        
Fund Revenues        
Capital Improvements and Other Purposes $2,237,466 $302,965 $462,928 $2,077,503
School Construction 3,805,450 759,250 234,116 4,330,584
Municipal and Other Grants and Loans 1,087,237 59,900 242,198 904,939
Elderly Housing 113,837 - 24,287 89,550
Elimination of Water Pollution 218,710 50,000 21,454 247,256
Specific Highway Purposes - - - -
Infrastructure Improvement 2,817,015 500,000 286,530 3,030,485
Other Transportation - - - -
General Obligation Refunding 3,377,490 344,105 315,430 3,406,165
Pension Obligations 2,276,578 - - 2,276,578
Miscellaneous 101,675 30,000 4,885 126,790
Total from General and Transportation Funds 16,035,458 2,046,220 1,591,828 16,489,850
         
Bonds Redeemable From Other Sources        
University and State University 174,421 47,545 56,531 165,435
Bradley International Airport 243,585 - 11,795 231,790
Clean Water Fund 885,200 115,835 179,085 821,950
Total from Other Sources 1,303,206 163,380 247,411 1,219,175
Total Bonds Outstanding $17,338,664 $2,209,600 $1,839,239 $17,709,025
         
Notes Redeemable from General Fund Revenue        
Economic Recovery Notes $- $915,795 $- $915,795
Bond Anticipation Notes 581,245 353,085 353,085 581,245
Total Notes Outstanding $581,245 $1,268,880 $353,085 $1,497,040

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
       
October 2009 $49,775 $50,990 Dec. 2010 through Sept. 2012
May 2010 36,095 35,885 Apr. 2011 through Apr. 2021
June 2010 258,235 265,444 Apr. 2013 through Nov. 2021
  $344,105 $352,319