State of Connecticut

CAPITAL PROJECTS FUNDS

CHANGES IN BONDS AND NOTES OUTSTANDING SCHEDULE E-2
JULY 1, 2014 TO JUNE 30, 2015
(In Thousands)
OUTSTANDING
6/30/2014
ADDITIONS
2014-15
RETIRED/
DEFEASED
2014-15
OUTSTANDING
6/30/2015
Capital Improvements and Other Purposes $2,565,839 $432,203 $177,200 $2,820,842
School Construction 4,734,566 584,250 638,365 4,680,451
Municipal and Other Grants and Loans 1,265,725 1,035,747 217,875 2,083,597
Elderly Housing 265,265 107,965 37,985 335,245
Elimination of Water Pollution 197,370 60,000 42,456 214,914
Infrastructure Improvement 3,771,260 600,000 281,720 4,089,540
General Obligation and Other Refunding 3,327,970 647,600 590,145 3,385,425
GAAP Conversion Obligations 560,430 - - 560,430
Pension Obligations 2,254,378 - 23,835 2,230,543
Miscellaneous 125,461 - 39,121 86,340
Total from General and Transportation Funds 19,068,264 3,467,765 2,048,702 20,487,327
         
Bradley Parking Garage (1) 35,275 - 2,265 33,010
Clean Water Fund 708,060 250,000 75,895 882,165
Total From Other Sources 743,335 250,000 78,160 915,175
Total Bonds Outstanding $19,811,599 $3,717,765 $2,126,862 $21,402,502
Notes Redeemable from General Fund Revenues        
Economic Recovery Notes $580,775 $61,610 $122,110 $520,275
Total Notes $580,775 $61,610 $122,110 $520,275

(1) Outstanding bonds of $135.6 million, redeemable from the former Bradley International Airport, have been excluded from the prior year because the airport is now reported with the Connecticut Airport Authority which is legally separate from the State.

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. - August 2014 $10,590 $10,590 - Sep. 2015 through Mar.. 2028
S.T.O. - October 2014 131,545 143,420 - Jul. 2015 through Jun 2026
G.O. - December 2014 256,620 279,000 - Nov. 2015 through Jun 2026
ER notes December 2014 61,610 61,055 - Jan.. 2015
UCONN - April 2015 34,625 38,550 - Aug. 2015 through Feb 2026
CHEFA Childcare - April 2015 33,475 32,380 - Jul. 2015 through Jul.. 2038
G.O. SIFMA - May 2015 180,745 180,000 - Mar. 2016 through Mar.. 2022
Totals $709,210 $744,995