Annual Report of the State Comptroller Budgetary Basis Fiscal Year Ended June 30, 2001 - CAPITAL PROJECTS FUNDS  SCHEDULE E-3

State of Connecticut

CAPITAL PROJECTS FUNDS

SCHEDULE E-3

CHANGES IN BONDS AND NOTES OUTSTANDING SCHEDULE E-3
JULY 1, 2000 TO JUNE 30, 2001
(In Thousands)
OUTSTANDING
7/1/00
ADDITIONS
2000-01
RETIRED/
DEFEASED
2000-01
OUTSTANDING
6/30/01
Bonds Redeemable From General and Transportation          
Fund Revenues          
  Capital Improvements and Other Purposes $2,107,419 $583,512 $446,805 $2,244,126
  School Construction 1,232,503 60,800 203,971 1,089,332
  Municipal and Other Grants and Loans 1,516,672 430,628 247,799 1,699,501
  Elderly Housing 19,905 - - 19,905
  Elimination of Water Pollution 343,169 14,004 76,383 280,790
  Specific Highway Purposes 14,938 - 530 14,408
  Infrastructure Improvement 3,022,163 225,000 185,630 3,061,533
  Other Transportation 613 - - 613
  General Obligation Refunding 1,475,000 504,575 135,410 1,844,165
  Miscellaneous 93,656 12,865 7,483 99,038
  Total From General and Transportation Funds 9,826,038 1,831,384 1,304,011 10,353,411
           
Bonds Redeemable From Other Sources          
  Unemployment Compensation 368,985 - 368,985 -
  University and State University 168,857 - 15,772 153,085
  Bradley International Airport 131,770 213,180 23,355 321,595
  Rental Housing 84,900 - 4,900 80,000
  Clean Water Fund 549,880 100,000 24,915 624,965
  Regional Market 135 - 50 85
  Second Injury Fund 86,080 124,100 5,330 204,850
  Total From Other Sources 1,390,607 437,280 443,307 1,384,580
  Total Bonds Outstanding $11,216,645 $2,268,664 $1,747,318 $11,737,991

During the fiscal year, two 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. Additionally, $183.9 million of Unemployment Compensation bonds were defeased with cash during the fiscal year.

Refunding Date Refunding
Bonds Issued
Defeased
Bonds
March 2001 $ 19,180 $ 16,600 -  with various due dates from October 1, 2011 through 2012
June 2001 $ 504,575 $ 514,580 -  with various due dates from November 15, 2004 through 2016
Totals $ 523,755 $ 531,180