| CHANGES
IN BONDS AND NOTES OUTSTANDING JULY 1, 1997 TO JUNE 30, 1998 (In Thousands) |
SCHEDULE E-3 | |||||
| OUTSTANDING 7/1/97 |
ISSUED 1997-98 |
RETIRED/ DEFEASED 1997-98 |
OUTSTANDING 6/30/98 |
|||
|---|---|---|---|---|---|---|
| Bonds Redeemable From General and Transportation Fund Revenues | ||||||
| Capital Improvements and Other Purposes | $ 1,913,178 | $ 261,438 | $ 311,981 | $ 1,862,635 | ||
| School Construction | 774,369 | 184,080 | 117,930 | 840,519 | ||
| Muncipal and Other Grants and Loans (See Note 1) | 1,568,298 | 173,404 | 196,972 | 1,544,730 | ||
| Elderly Housing | 28,055 | - | - | 28,055 | ||
| Elimination of Water Pollution | 301,145 | 59,200 | 45,857 | 314,488 | ||
| Public Transportation | 10,000 | - | - | 10,000 | ||
| Specific Highway Purposes | - | 10,598 | - | 10,598 | ||
| Infrastructure Improvement | 3,128,912 | 412,915 | 491,470 | 3,050,357 | ||
| Other Transportation | 19,289 | - | 8,629 | 10,660 | ||
| General Obligaiton Refunding | 1,289,210 | 273,545 | 70,415 | 1,492,340 | ||
| Miscellaneous (See Note 1) | 114,473 | - | 5,674 | 108,799 | ||
| Total From General and Transportation Funds | 9,146,929 | 1,375,180 | 1,248,928 | 9,273,181 | ||
| Bonds Redeemable From Other Sources | ||||||
| Unemployment Compensation | 814,505 | - | 124,750 | 689,755 | ||
| University and State University | 80,091 | - | 14,913 | 65,178 | ||
| Bradley International Airport | 87,720 | - | 3,030 | 84,690 | ||
| Rental Housing | 115,875 | - | 4,110 | 111,765 | ||
| Clean Water Fund | 373,025 | 110,000 | 18,725 | 464,300 | ||
| Regional Market | 1,040 | - | 137 | 903 | ||
| Second Injury Fund | 100,000 | - | 3,940 | 96,060 | ||
| Total From Other Sources | 1,572,256 | 110,000 | 169,605 | 1,512,651 | ||
| Total Bonds Outstanding | $ 10,719,185 | $1,485,180 | $ 1,418,533 | $10,785,832 | ||
| Notes Redeemable from General Fund Revenue | ||||||
| Economic Recovery Notes | $ 157,055 | $ - | $ 79,000 | $ 78,055 | ||
| Note (1): | ||||||
| After the publication of the 1997 Annual Report of the State Comptroller, a reclassification of $33,000 in ending balances occurred. This amount, which had been allocated to Muncipal and Other Grants and Loans, was reallocated to the Miscellaneous category. The beginning balances as of 7/1/97 (above) reflect this reclassification, and therefore differ from the ending balances of the 1997 Report. | ||||||
| During the fiscal year, four bond refundings took place with the bond proceeds along with any additional funds being placed in an irrevocable trust for investments in U.S. Government Securities and eventual payment of the following bonds which are now considered defeased. | ||||||
| Refunding Date | Refunding Bonds Issued |
Defeased Bonds |
||||
| September 1997 | $ 126,765 | $ 119,285 | with various due dates from November 15, 2007 through 2012 | |||
| October 1997 | 65,415 | 63,680 | with various due dates from July 1, 2000 through 2008 | |||
| February 1998 | 146,780 | 143,360 | with various due dates from November 15, 2006 through 2015 | |||
| April 1998 | 197,500 | 195,180 | with various due dates from October 1, 2008 through 2014 | |||
| Totals | $ 536,460 | $ 521,505 | ||||
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