CAPITAL PROJECTS FUNDS
| CHANGES IN BONDS AND NOTES OUTSTANDING | SCHEDULE E-3 | |||
|---|---|---|---|---|
| JULY 1, 2010 TO JUNE 30, 2011 | ||||
| (In Thousands) | ||||
|
OUTSTANDING 6/30/2010 |
ADDITIONS 2010-11 |
RETIRED/ DEFEASED 2010-11 |
OUTSTANDING 6/30/2011 |
|
| Bonds Redeemable From General and Transportation | ||||
| Fund Revenues | ||||
| Capital Improvements and Other Purposes | $2,077,503 | $95,615 | $248,237 | $1,924,881 |
| School Construction | 4,330,584 | 330,000 | 174,742 | 4,485,842 |
| Municipal and Other Grants and Loans | 904,939 | 90,800 | 256,535 | 739,204 |
| Elderly Housing | 89,550 | 91,030 | 11,450 | 169,130 |
| Elimination of Water Pollution | 247,256 | 59,095 | 47,126 | 259,225 |
| Specific Highway Purposes | - | - | - | - |
| Infrastructure Improvement | 3,030,485 | 600,000 | 272,890 | 3,357,595 |
| Other Transportation | - | - | - | - |
| General Obligation Refunding | 3,406,165 | 765,955 | 449,500 | 3,722,620 |
| Pension Obligations | 2,276,578 | - | - | 2,276,578 |
| Miscellaneous | 126,790 | - | 4,285 | 122,505 |
| Total from General and Transportation Funds | 16,489,850 | 2,032,495 | 1,464,765 | 17,057,580 |
| Bonds Redeemable From Other Sources | ||||
| University and State University | 165,435 | - | 5,615 | 159,820 |
| Bradley International Airport | 231,790 | 152,380 | 173,830 | 210,340 |
| Clean Water Fund | 821,950 | 182,935 | 105,780 | 899,105 |
| Total from Other Sources | 1,219,175 | 335,315 | 285,225 | 1,269,265 |
| Total Bonds Outstanding | $17,709,025 | $2,367,810 | $1,749,990 | $18,326,845 |
| $- | $- | $- | $- | |
| Notes Redeemable from General Fund Revenue | ||||
| Economic Recovery Notes | $915,795 | $- | $- | $915,795 |
| Bond Anticipation Notes | 581,245 | - | 581,245 | - |
| Total Notes Outstanding | $1,497,040 | $- | $581,245 | $915,795 |
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 |
|---|---|---|---|
| October 2010 | $137,675 | $139,235 | - Nov. 2012 through Nov. 2022 |
| October 2010 | 47,035 | 47,985 | - Apr. 2011 through Oct. 2022 |
| May 2011 [a] | 581,245 | 581,245 | - May. 2012 through Jun. 2018 |
| $765,955 | $768,465 |
[a] In May 2011, the state refinanced $581.2 million in bond anticipation notes, that were originally issued in April 2009, with general obligation bonds maturing in seven years.