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Highway Statistics Series

Highway Statistics 2011


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State Obligations for Highways - 2011
    Obligations Issued or Assumed During Year 1/

April 2013
Table SB-1

(Thousands of Dollars)

STATE OBLIGATION DATED PAR VALUE 2/ PREMIUM OR DISCOUNT ACCRUED INTEREST 3/ GROSS PROCEEDS POSTED INTEREST RATE 4/ SOURCE OF FUNDS FOR DEBT SERVICE 5/
ORIGINAL ISSUES REFUNDING ISSUES TOTAL PAR VALUE
Arizona Grant Anticipation Notes 2011A 01/12/2011 158,585,000   158,585,000 12,451,818   171,036,818 4.00%-5.25% Federal Aid
M/RARF Revenue Bonds 2010 9/28/2011 180,000,000   180,000,000 26,424,108   206,424,108 1.50%-5.00% Excise Tax
TOTAL   338,585,000 0 338,585,000 38,875,926 0 377,460,926    
California Hwy Sfty, Trfc Red 2006 G.O. Bond 352:Dec 2010 TE 6053- agy 2660 12/01/2010 652,941,576   652,941,576     652,941,576    
Hwy Sfty, Trfc Red 2006 G.O. Bond 355:Dec. 2010 BAB 6053- agy 2660 12/01/2010 397,016,796   397,016,796     397,016,796    
Hwy Sfty, Trfc Red 2006 G.O. Bond 357 Dec. 2010 BAB 6053- agy 2640 12/01/2010 77,984,739   77,984,739     77,984,739    
Hwy Sfty, Trfc Red 2006 G.O. Bond 366 Dec. 2010 TE 6053- agy 2640 12/01/2010 351,137   351,137     351,137    
TOTAL   1,128,294,248 0 1,128,294,248 0 0 1,128,294,248    
Colorado 2011 Refunding of 2004 Bonds 09/07/2011 104,650,000 106,070,000 210,720,000 18,712,111   229,432,111 4.924% Federal & State Funds
Connecticut New Issue STO Bonds Infrastructure Purposes 2010 Series A & B 11/10/2010 600,000,000   600,000,000 27,738,062   627,738,062 2% - 5.5% Transportation Fund
Refunding STO Bonds Infrastructure Purposes 2010 Series C 11/10/2010 137,675,000 150,646,358 288,321,358 13,701,196   302,022,554 2% - 5% Transportation Fund
TOTAL   737,675,000 150,646,358 888,321,358 41,439,259 0 929,760,617    
Delaware 2010 Series A & B 2010 119,835,000 21,057,176 140,892,176 6,988,432 2,082,435 149,963,043 Various Pledged Revenues
District of Columbia D.C. General Obligation Bonds Series 2010A 12/22/2010 181,330,000   181,330,000     181,330,000    
D.C. Income Tax Secured Revenue Bonds Series 2010F 12/22/2010 342,615,000   342,615,000     342,615,000    
Federal Highway Grant Anticipation Revenue Bonds Series 2011 02/16/2011 82,610,000   82,610,000 6,188,055   88,798,055    
D.C. Income Tax Secured Revenue Bonds Series 2011A 09/29/2011 138,470,000   138,470,000 18,523,343   156,993,343    
TOTAL   745,025,000 0 745,025,000 24,711,398 0 769,736,398    
Florida FDOT ROW Acquisition & Bridge Construction Refunding 2011A Bonds 2011 114,500,000   114,500,000 13,881,789 0 128,381,789 2.75%  
Georgia State Road and Tollway Authority (Georgia 400 Project) Transportation Revenue Bonds Series 2010 12/01/2010 40,000,000   40,000,000 0 0 40,000,000 3% Revenues from GA400 Operations
State Road and Tollway Authority State of GA Guaranteed Revenue Refunding Bonds Series 2011A 03/31/2011 191,335,000 209,285,000 400,620,000 29,259,461   429,879,461 3% State Motor Fuel Tax
State Road and Tollway Authority State of GA Guaranteed Revenue Refunding Bonds Series 2011B 03/31/2011 153,085,000 162,370,000 315,455,000 26,561,505 4,059,250 346,075,755 3% State Motor Fuel Tax
TOTAL   384,420,000 371,655,000 756,075,000 55,820,966 4,059,250 815,955,216    
Idaho GARVEE Bond Series 2011A 07/28/2011 72,925,000   72,925,000 2,595,020   75,520,020 4.61% Federal Funds
Kentucky Economic Development 2011A 04/19/2011 115,175,000 60,475,000 175,650,000 7,056,897   182,706,897 2.32%-5.01% Transportation Cabinet Revenues
Louisiana State of LA GO Ref. Bonds Series 2010A 10/13/2010 15,418,445 18,279,293 33,697,738 2,860,848   36,558,586 3%-5% General Obligation
State of LA GO Ref. Bonds Series 2010B 10/13/2010 9,193,111 10,909,416 20,102,527 1,716,305   21,818,832 2%-5% General Obligation
State of LA GO Bonds Series 2011A 03/10/2011 10,275,000   10,275,000 960,221   11,235,221 2%-5% General Obligation
State of LA GO Bonds Series 2011B 06/01/2011 3,799,445 3,799,445 7,598,890     7,598,890 Variable General Obligation
State of LA Gas & Fuels Tax Series 2010B 08/26/2010 394,310,000   394,310,000 32,646,407   426,956,407 4%-5% Motor Fuels Tax
TOTAL   432,996,001 32,988,154 465,984,155 38,183,781 0 504,167,936    
Maine Highway Fund Bonding PL 2009 Chapter 414 2011 22,125,000   22,125,000     22,125,000    
Missouri Senior Lien Refunding State Road Bonds 11/10/2010 130,390,000 141,300,000 271,690,000 20,972,009   292,662,009 3%-5% State Road Funds
New Hampshire Highway & Safety Bond 2010 20,954,855 16,542,667 37,497,522     37,497,522    
New Jersey NJ Trans Trust Fund 05/12/2011 600,000,000   600,000,000 13,315,687   613,315,687 3.00%-5.25% State Appropriation
NJ Trans Trust Fund 10/21/2010 14,100,000 14,034,373 28,134,373     28,134,373 4% State Appropriation
NJ Trans Trust Fund 10/21/2010 485,875,000 496,790,627 982,665,627 63,771,712   1,046,437,339 3.00%.-5.25% State Appropriation
NJ Trans Trust Fund 10/21/2010 1,000,000,000   1,000,000,000     1,000,000,000 5.754%-6.104% State Appropriation
TOTAL   2,099,975,000 510,825,000 2,610,800,000 77,087,399 0 2,687,887,399    
New Mexico NMFA State Transportation Revenue and Refunding Revenue Bonds (Subordinate and Senior Lien) Series 2010A 09/01/2010 174,625,000 122,588,068 297,213,068 25,869,151   323,082,219 1.5% - 5.0% Federal Funds, State Rd & Hwy Infrastructure Fund
NMFA State Transportation Refunding Revenue Bonds (Senior Lien) Series 2010B 10/01/2010 461,075,000 470,285,000 931,360,000 82,240,911   1,013,600,911 3.0% - 5.0% Federal Funds, State Rd & Hwy Infrastructure Fund
Tax Exexmpt Line of Credit 2011 2,025,375   2,025,375     2,025,375    
TOTAL   637,725,375 592,873,068 1,230,598,443 108,110,062 0 1,338,708,505    
New York ACCELERATED CAPACITY AND TRANSPORTATION IMPROVEMENT OF THE 90'S 03/30/2011 5,346,191   5,346,191 365,175   5,711,366 1% - 5.250%  
ACCELERATED CAPACITY AND TRANSPORTATION IMPROVEMENT OF THE 90'S 12/15/2011 281,950   281,950 49,583   331,533 0.5% - 5.00%  
REBUILD NY THROUGH TRANSPORTATION INFRASTRUCTURE RENEWAL 03/30/2011 201,147   201,147 25,575   226,722 1% - 5.25%  
REBUILD NY THROUGH TRANSPORTATION INFRASTRUCTURE RENEWAL 12/15/2011 142,001   142,001 24,972   166,973 0.5% - 5.00%  
REBUILD AND RENEW NY TRANSPORTATION: HIGHWAYS, WATERWAYS, 03/30/2011 251,665,359   251,665,359 16,387,358   268,052,717 1% - 5.25%  
REBUILD AND RENEW NY TRANSPORTATION: HIGHWAYS, WATERWAYS, 12/15/2011 105,521,030   105,521,030 12,257,056   117,778,086 1% - 5.25%  
REBUILD AND RENEW NY TRANSPORTATION: 03/30/2011 199,365,491   199,365,491 6,636,009   206,001,500 1% - 5.25%  
REBUILD AND RENEW NY TRANSPORTATION: 12/15/2011 187,628,637   187,628,637 7,169,853   194,798,490 0.5% - 5.00%  
TOTAL   750,151,806 0 750,151,806 42,915,581 0 793,067,387    
North Carolina Turnpike Monroe Connector 2011 233,920,000   233,920,000     233,920,000    
Ohio Ohio General Obligation 10/20/2010 207,610,000   207,610,000 4,709,848   212,319,848   State Revenue
Major New Infrastructure Revenue Bonds 12/14/2010 184,000,000   184,000,000 20,017,962   204,017,962   FHWA
Major New Infrastructure Revenue Bonds 12/14/2010 46,000,000   46,000,000 0   46,000,000   FHWA
TOTAL   437,610,000 0 437,610,000 24,727,810 0 462,337,810    
Oklahoma Bond Series 2010A 2010 110,565,000   110,565,000 13,342,592   123,907,592 2-5%  
Bond Series 2010B 2010 92,075,000   92,075,000     92,075,000 4.242-4.792%  
TOTAL   202,640,000 0 202,640,000 13,342,592 0 215,982,592    
Oregon Article XI-Q General Obligation Bonds Series 2011K 05/26/2011 59,845,000   59,845,000 5,362,149   65,207,149 3% Motor Fuel/Motor Vehicle Fees
Pennsylvania Commonwealth G.O. Bonds 3rd Series B 2010 12/23/2010 130,000,000   130,000,000 (1,324,688)   128,675,312 4.05% - 5.85% Motor License Fund
Texas State of Texas Highway Improvement GO Bonds 09/29/2010 977,810,000   977,810,000 22,187,536   999,997,536 2% - 5%  
Utah G.O. 2011A 06/06/2011 955,260,000 142,706,365 1,097,966,365 36,740,000   1,134,706,365 3% General Obligation
Vermont TIB 2010A 08/03/2010 14,400,000   14,400,000   5,393,314 19,793,314 2.0 to 4.0% State Revenue
Virginia Commonwealth of VA Transportation Capital Projects Revenue Bonds Series 2011 05/25/2011 600,000,000   600,000,000 50,393,556   650,393,556 2.25% - 5.25%  
Washington M V FUEL TAX GVP BOND SERIES R-2011C 2002C(HWY-215) 9/28/2010 19,260,000 20,565,000 39,825,000 2,773,111   42,598,111 2.00%-5.00% MVFT
M V FUEL TAX G O BOND SERIES R-2011C 2002C(R49-108) 9/28/2010 206,270,000 220,255,000 426,525,000 29,709,364   456,234,364 2.00%-5.00% MVFT
M V FUEL TAX G O BOND SERIES R-2011C 2003B(HWY-215) 9/28/2010 9,410,000 9,815,000 19,225,000 1,254,270   20,479,270 2.00%-5.00% MVFT
M V FUEL TAX G O BOND SERIES R-2011C 2003B(R49-108) 9/28/2010 88,540,000 92,345,000 180,885,000 11,790,774   192,675,774 2.00%-5.00% MVFT
M V FUEL TAX G O BOND SERIES R-2011C 2004B(HWY-215) 9/28/2010 4,590,000 4,785,000 9,375,000 819,266   10,194,266 2.00%-5.00% MVFT
M V FUEL TAX G O BOND SERIES R-2011C 2004B(R49-108) 9/28/2010 29,020,000 30,275,000 59,295,000 5,179,735   64,474,735 2.00%-5.00% MVFT
M V FUEL TAX G O BOND SERIES R-2011C 2004B(550) 9/28/2010 24,450,000 25,505,000 49,955,000 4,364,055   54,319,055 2.00%-5.00% MVFT
M V FUEL TAX G O BOND SERIES R-2011C 2002C(TIB-144) 9/28/2010 6,925,000 7,395,000 14,320,000 998,375   15,318,375 2.00%-5.00% MVFT
M V FUEL TAX G O BOND SERIES R-2011C R2003B(III-H) 9/28/2010 2,435,000 2,565,000 5,000,000 369,713   5,369,713 2.00%-5.00% MVFT
M V FUEL TAX G O BOND SERIES R-2011C 2004B(TIB-144) 9/28/2010 3,050,000 3,180,000 6,230,000 544,122   6,774,122 2.00%-5.00% MVFT
M V FUEL TAX VP G O BOND SERIES 2011B Fund 218 (VP) 02/02/2011 47,320,000   47,320,000 712,765   48,032,765 5.00% - 5.75% MVFT
TOTAL   441,270,000 416,685,000 857,955,000 58,515,550 0 916,470,550    
Wisconsin State of Wisconsin General Obligation Bonds 2010, Series C & 09/02/2010 125,460,000   125,460,000     125,460,000 3.45% - 5.10% Motor Fuel Taxes/Motor Vehicle Fees
State of Wisconsin General Obligation Bonds 2011, Series A 02/02/2011 194,400,000   194,400,000 45,151   194,445,151 2.00% - 5.25%  
State of Wisconsin General Obligation Bonds 2011, Series 1 06/02/2011 36,131,000 34,445,724 70,576,724 946   70,577,670 5.00%  
State of Wisconsin Transportation Revenue Bonds 2010 Series A 12/09/2010 76,075,000   76,075,000 10,999,846   87,074,846 5.0%  
State of Wisconsin Transportation Revenue Bonds 2010 Series B 12/09/2010 123,925,000   123,925,000     123,925,000 4.7% - 6.0%  
TOTAL   555,991,000 34,445,724 590,436,724 11,045,943 0 601,482,667    

1/ This table is one of a series giving available information concerning State and quasi-State obligations incurred for highway purposes. Table SB-2 contains data on changes in indebtedness. Table SB-3 contains receipts and disbursements for debt service. Tables SB-2T and SB-3T are subsets of Tables SB-2 and SB-3, showing data for individual State toll facilities. Tables SB-2L and SB-3L are also subsets of Tables SB-2 and SB-3, showing data for State obligations for local roads. When bonds were issued for multiple purposes, their par value is assigned to State highways, local roads and streets, and nonhighway purposes on the basis of the initial distribution of net bond proceeds. The nonhighway portion is excluded from these tables. Also omitted are obligations with terms of less than 2 years; however, interest payments for short-term obligations are included in Table SB-3. This table is compiled from reports of State authorities.

2/ A portion of proceeds from refunding bonds may be expended for current debt service. That portion is included with original issues.

3/ Payment by bond purchaser for interest accrued from date of issue to date of sale.

4/ "Posted rate" is declared rate printed on bonds. N/A indicates data not available.

5/ When an asterisk appears in this column, the bonds are understood to be secured by the full faith and credit of the State, in addition to the specific revenues dedicated by law to debt service.

6/ Certain Federal Funds are used to payoff bonds.