State of Connecticut

CAPITAL PROJECTS FUNDS

CHANGES IN BONDS AND NOTES OUTSTANDING SCHEDULE E-2
JULY 1, 2015 TO JUNE 30, 2016
(In Thousands)
OUTSTANDING
6/30/2015
ADDITIONS
2015-16
RETIRED/
DEFEASED
2015-16
OUTSTANDING
6/30/2016
Bonds Redeemable From General and Transportation        
Fund Revenues        
Capital Improvements and Other Purposes $2,820,842 $657,751 $23,616 $3,454,977
School Construction 4,680,451 561,515 713,710 4,528,256
Municipal and Other Grants and Loans 2,083,597 814,099 778,409 2,119,287
Elderly Housing 335,245 163,145 73,475 424,915
Elimination of Water Pollution 214,914 65,000 18,405 261,509
Infrastructure Improvement 4,089,540 700,000 269,850 4,519,690
General Obligation and Other Refunding 3,385,425 721,635 324,000 3,783,060
GAAP Conversion Obligations 560,430 - 32,455 527,975
Pension Obligations 2,230,543 - 12,850 2,217,693
Miscellaneous 86,340 - 34,590 51,750
Total from General and Transportation Funds 20,487,327 3,683,145 2,281,360 21,889,112
Bonds Redeemable From Other Sources        
Bradley Parking Garage 33,010 - 2,415 30,595
Clean Water Fund 882,165 - 81,145 801,020
Total From Other Sources 915,175 - 83,560 831,615
Total Bonds Outstanding $21,402,502 $3,683,145 $2,364,920 $22,720,727
         
         
         
Notes Redeemable from General Fund Revenue        
Economic Recovery Notes $520,275 - $167,690 $352,585
Total Notes $520,275 $ - $167,690 $352,585

 

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
S.T.O. - October 2015 $139,770 152,775 - Feb 2016 through Aug. 2027
UCONN - April 2016 80,425 88,535 - Sept. 2016 through Mar. 2027
G.O. - June 2016 501,440 566,960 - Oct. 2016 through May 2026
Totals $721,635 $808,270