State of Connecticut

CAPITAL PROJECTS FUNDS

CHANGES IN BONDS AND NOTES OUTSTANDING SCHEDULE E-2
JULY 1, 2013 TO JUNE 30, 2014
(In Thousands)
OUTSTANDING
6/30/2013
ADDITIONS
2013-14
RETIRED/
DEFEASED
2013-14
OUTSTANDING
6/30/2014
Bonds Redeemable From General and Transportation        
Fund Revenues        
Capital Improvements and Other Purposes $2,065,571 $763,284 $263,016 $2,565,839
School Construction 4,812,690 337,146 415,270 4,734,566
Municipal and Other Grants and Loans 1,083,784 362,540 180,599 1,265,725
Elderly Housing 207,095 85,740 27,570 265,265
Elimination of Water Pollution 206,431 33,000 42,061 197,370
Infrastructure Improvement 3,461,875 600,000 290,615 3,771,260
General Obligation Refunding 3,490,075 966,415 1,128,520 3,327,970
GAAP Conversion Obligations - 560,430 - 560,430
Pension Obligations 2,276,578 - 22,200 2,254,378
Miscellaneous 111,520 18,885 4,944 125,461
Total from General and Transportation Funds 17,715,619 3,727,440 2,374,795 19,068,264
         
Bonds Redeemable From Other Sources        
University and State University - - - -
Bradley International Airport 178,950 - 8,075 170,875
Clean Water Fund 784,390 - 76,330 708,060
Total from Other Sources 963,340 - 84,405 878,935
Total Bonds Outstanding $18,678,959 $3,727,440 $2,459,200 $19,947,199
         
Notes Redeemable from General Fund Revenue        
Economic Recovery Notes $573,365 $314,295 $306,885 $580,775
Total Notes Outstanding $573,365 $314,295 $306,885 $580,775
         

 

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
G.O. June 2014 $822,225 $894,280 June 2015 through December 2025
Notes October 2013 314,295 306,885 July 2016 through January 2018
Uconn April 2014 92,940 97,930 Feb. 2015 through Feb. 2025
Uconn July 2013 51,250 54,375 Feb. 2014 through Feb. 2024
  $1,280,710 $1,353,470