State of Connecticut

Notes to the Financial Statements

June 30, 2010

Note 27 Subsequent Events

In November 2010, the State issued $440.4 million of Special Tax Obligation Transportation Infrastructure "Taxable Build America" bonds. The bonds will mature in years 2020 through 2030 and bear interest rates ranging from 4.126 percent to 5.459 percent.

In November 2010, the State issued $199.6 million of Special Tax Obligation Transportation Infrastructure bonds. The bonds will mature in years 2011 through 2019 and bear interest ranging from 2.0 percent to 5.0 percent.

In November 2010, the State issued $137.7 million of Special Tax Obligation "Build America" bonds. The bonds will mature in 2030 and bear an interest rate of 5.09 percent.

In October 2010, the State issued $203.4 million of Taxable General Obligation "Qualified School Construction" bonds. The bonds will mature in 2029 and bear an interest rate of 5.305 percent.

In October 2010, the State issued $22.2 million of Taxable General Obligation "Recovery Zone Economic Development" bonds. The bonds will mature in 2030 and bear an interest rate of 5.305 percent.

In October 2010, the State issued $47.0 million of General Obligation refunding bonds. The bonds will mature in years 2011 through 2022 and bear interest rates ranging from 2.0 percent to 5.0 percent.

In October 2010, the State issued $294.4 million of Taxable General Obligation "Build America' bonds. The bonds mature in 2030 and bear an interest rate of 5.09 percent.

In October 2010, the State issued $78.9 million of Special Obligation Bonds revenue bonds. The bonds are limited obligations of the Connecticut Housing Finance Authority, a component unit. However, the State is contractually obligated to pay the debt service requirements from the General fund.