U.S. Department of Transportation
Federal Highway Administration
1200 New Jersey Avenue, SE
Washington, DC 20590
202-366-4000
December 2014
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 | ||||||||
Alabama | ALDOT | 12/6/12 | 327,935 | 0 | 327,935 | 73,358 | 0 | 401,293 | 4% - 5% | Public Rd & Bridge Fund |
Arizona | Highway Board Funding Obligation A2013&B | 01/16/13 | 173,860 | 541,610 | 715,470 | 128,863 | 0 | 844,333 | 3.5% - 5% | Taxes and Fees |
California | Hwy Sfty, Trfc Red 2006 G.O. Bond 325 Sept 2012 TE 6053-agy 2660 | 10/4/12 | 402,859 | 0 | 402,859 | 0 | 0 | 402,859 | ||
Hwy Sfty, Trfc Red 2006 G.O. Bond 302 Mar 2013 TE 6053-agy 2660 | 03/27/13 | 199,002 | 0 | 199,002 | 0 | 0 | 199,002 | |||
Hwy Sfty, Trfc Red 2006 G.O. Bond 320 Apr 2013 TE 6053-agy 2660 | 04/23/13 | 678,716 | 0 | 678,716 | 0 | 0 | 678,716 | |||
Hwy Sfty, Trfc Red 2006 G.O. Bond 306 Sept 2012 TE 6053-agy 2660 | 10/04/12 | 2,983 | 0 | 2,983 | 0 | 0 | 2,983 | |||
Hwy Sfty, Trfc Red 2006 G.O. Bond 329 Mar 2013 TE 6053-agy 2660 | 03/27/13 | 301,003 | 0 | 301,003 | 0 | 0 | 301,003 | |||
Hwy Sfty, Trfc Red 2006 G.O. Bond 347 Apr 2013 TE 6053-agy 2660 | 04/23/13 | 252,046 | 0 | 252,046 | 0 | 0 | 252,046 | |||
Safe, Reliable, High Speed Passenger Train G.O. Bond (April 2013 TE) | 04/23/13 | 204,245 | 0 | 204,245 | 0 | 0 | 204,245 | |||
TOTAL | 2,040,854 | 0 | 2,040,854 | 0 | 0 | 2,040,854 | ||||
Connecticut | New Issue STO Bonds Infrastructure Purposes | 12/21/12 | 502,290 | 0 | 502,290 | 100,562 | 0 | 602,852 | 2%-5% | Transportation Fund |
Refunding STO Bonds Infrastructure Purposes | 12/21/12 | 125,100 | 0 | 125,100 | 29,133 | 0 | 154,233 | 5% | Transportation Fund | |
TOTAL | 627,390 | 0 | 627,390 | 129,695 | 0 | 757,085 | ||||
District of Columbia | D.C. Income Tax Secured Revenue Bonds Series 2012C | 11/28/12 | 750,765 | 0 | 750,765 | 141,214 | 0 | 891,979 | 3.159% | |
Florida | FDOT ROW Acquisition & Bridge Construction Refunding Bonds | 10/04/13 | 0 | 243,895 | 234,715 | 27,835 | 0 | 262,550 | 2.55% | |
Georgia | 2013Ca General Obligation Bond | 1/8/13 | 0 | 60,814 | 56,289 | 8,876 | 0 | 65,165 | 4%-5% | G.O. Bonds |
Illinois | Transportation Bond Highway Share Series A | 4/1/13 | 25,000 | 0 | 25,000 | 1,906 | 0 | 26,906 | 2%-5% | |
Transportation Bond Highway Share Series A | 4/1/13 | 97,413 | 0 | 97,413 | (487) | 0 | 96,926 | 1.1%-5.52% | ||
Transportation Bond Highway Share Series D | 4/1/13 | 232,400 | 0 | 232,400 | 18,421 | 0 | 250,821 | 2%-5% | ||
Transportation Bond Highway Share Series D | 4/1/13 | 35,250 | 0 | 35,250 | (176) | 0 | 35,074 | 1.1%-5.52% | ||
TOTAL | 390,063 | 0 | 390,063 | 19,664 | 0 | 409,727 | ||||
Louisiana | State of LA GO Bonds Series 2013A | 05/23/13 | 2,070 | 0 | 2,070 | 205 | 0 | 2,275 | 2%-5% | G.O. |
State of LA Taxable GO Bonds Series 2013B | 05/23/13 | 97,100 | 0 | 97,100 | 558 | 0 | 97,658 | .24%-2.88% | G.O. | |
State of LA GO Ref. Bonds Series 2013C | 05/30/13 | 0 | 3,694 | 3,455 | 656 | 0 | 4,111 | 1.75%-5% | G.O. | |
LA State Hwy Improv Rev Bonds Series 2013A | 03/28/13 | 85,400 | 0 | 85,400 | 14,773 | 0 | 100,173 | 2%-5% | Motor Vehicle Taxes | |
State of LA G &F Tax Ref. Bonds Series 2013A | 05/01/13 | 0 | 173,000 | 173,000 | 12,000 | 0 | 185,000 | 5% | Motor Fuels Tax | |
State of LA G &F Tax Ref. Bonds Series 2013B1 | 05/22/13 | 0 | 200,000 | 200,000 | 0 | 0 | 200,000 | Motor Fuels Tax | ||
State of LA G &F Tax Ref. Bonds Series 2013B2 | 05/22/13 | 0 | 103,125 | 103,125 | 0 | 0 | 103,125 | Motor Fuels Tax | ||
TOTAL | 184,570 | 479,819 | 664,150 | 28,192 | 0 | 692,341 | ||||
Maryland | Dept. of Transp. of Md Consolidated Transp. Bonds Series 2013 | 2/28/13 | 165,000 | 0 | 165,000 | 25,113 | 0 | 190,113 | 2%-5% | Motor Vehicle Tax |
Michigan | Comprehensive Transportation Refunding Series 2012 | 08/13/13 | 0 | 10,130 | 10,130 | 857 | 0 | 10,987 | 3%-5% | |
Mississippi | State Hwy. Bridge (Series A) | 12/05/12 | 40,500 | 0 | 40,500 | 0 | 0 | 40,500 | 4% | |
Vision 21 (Series A) | 12/05/12 | 19,000 | 0 | 19,000 | 0 | 0 | 19,000 | 4% | ||
Marshall County I-269 Project (H.E.L.P.) | 12/05/12 | 163,000 | 0 | 163,000 | 0 | 0 | 163,000 | 3% | ||
TOTAL | 222,500 | 0 | 222,500 | 0 | 0 | 222,500 | ||||
Nevada | Highway Revenue Refunding Bonds | 4/30/13 | 0 | 138,030 | 131,245 | 25,545 | 2,693 | 159,483 | ||
New Jersey | Series | 12/11/12 | 326,255 | 0 | 326,255 | 49,849 | 0 | 376,104 | 5% | State Appropriation |
Series | 12/11/12 | 920,745 | 0 | 920,745 | 152,453 | 0 | 1,073,198 | 2%-5% | State Appropriation | |
Series | 4/25/13 | 538,845 | 0 | 538,845 | 99,655 | 0 | 638,500 | 1%-5% | State Appropriation | |
Series | 4/25/13 | 338,220 | 0 | 338,220 | 0 | 0 | 338,220 | 1.087%-1.758% | State Appropriation | |
TOTAL | 2,124,065 | 0 | 2,124,065 | 301,956 | 0 | 2,426,021 | ||||
New Mexico | 2012 Refunding Revenue Bonds | 12/05/12 | 0 | 261,769 | 220,400 | 42,693 | 0 | 263,093 | 1.83% | G.O. |
North Carolina | Refunding 2013B | 2/20/13 | 0 | 47,887 | 47,887 | 0 | 0 | 47,887 | 3%-5% | |
Ohio | Ohio General Obligation Series | 10/24/12 | 154,405 | 0 | 154,405 | 32,733 | 0 | 187,138 | State Revenue | |
Major New Infrastructure Revenue Bonds | 11/14/12 | 183,530 | 0 | 183,530 | 29,731 | 0 | 213,261 | FHWA | ||
TOTAL | 337,935 | 0 | 337,935 | 62,464 | 0 | 400,399 | ||||
Oregon | DAS Lottery Refunding Bond Series 2013C | 12/05/12 | 1 | 67 | 69 | (1) | 0 | 67 | ||
Pennsylvania | Commonwealth of PA General Obligation 1st Series of 2013 | 4/11/13 | 85,000 | 0 | 85,000 | 11,973 | 0 | 96,973 | 1%-5% | Motor License Fund |
Texas | State of Texas Highway Improvement GO Bonds | 12/18/12 | 918,205 | 0 | 918,205 | 185,319 | 0 | 1,103,524 | 3%-5% | GO |
Grand Parkway Transportation Corp. Rev. Bonds | 08/01/13 | 2,920,075 | 0 | 2,920,075 | (6,644) | 0 | 2,913,431 | 1%-5.850% | ||
TOTAL | 3,838,280 | 0 | 3,838,280 | 178,675 | 0 | 4,016,955 | ||||
Vermont | Act 50 Sec 28 of 2009 | 08/09/12 | 10,820 | 0 | 10,820 | 163 | 0 | 10,983 | 2% - 3% | Motor Vehicle Revenue |
Virginia | Commonwealth of VA Transportation Federal Grant Aniticipation Revenue Notes (GARVEE) | 7/26/14 | 120,625 | 0 | 120,625 | 23,974 | 0 | 144,599 | 1%-5% | |
Washington | M V FUEL TAX G O BOND SERIES R-2013B-1 2003B(R49-108) | 7/1/2012 | 34,355 | 0 | 34,355 | 3,344 | 0 | 37,699 | 4.536%-5.481% | MVFT |
M V FUEL TAX G O BOND SERIES R-2013B-1&2 (Project 2003-550) | 7/1/2012 | 84,010 | 0 | 84,010 | 6,450 | 0 | 90,460 | 2.50% - 5.00% | MVFT | |
M V FUEL TAX G O BOND SERIES 2013D-E (Project 2003-550) | 1/1/2013 | 124,445 | 0 | 124,445 | 13,063 | 0 | 137,508 | 2.50% - 5.00% | MVFT | |
M V FUEL TAX G O BOND SERIES 2013B-1 (Project 2005-09H) | 7/1/2012 | 94,850 | 0 | 94,850 | 7,833 | 0 | 102,683 | 2.50% - 5.00% | MVFT | |
M V FUEL TAX G O BOND SERIES 2013B-2 (Project 2005-09H) | 7/1/2012 | 17,170 | 0 | 17,170 | 766 | 0 | 17,936 | 2.50% - 5.00% | MVFT | |
M V FUEL TAX G O BOND SERIES 2013E (Project 2005-09H) | 1/1/2013 | 187,530 | 0 | 187,530 | 19,688 | 0 | 207,218 | 2.50% - 5.00% | MVFT | |
M V FUEL TAX G O BOND SERIES 2013A 800-H (Project WSF-218) | 7/1/2012 | 8,875 | 0 | 8,875 | 1,188 | 0 | 10,063 | 0.0328 | MVFT | |
M V FUEL TAX G O BOND SERIES 2013D-E 800-F (Project WSF-218) | 7/1/2012 | 14,602 | 0 | 14,602 | 1,670 | 0 | 16,272 | 0.0297 | MVFT | |
M V FUEL TAX G O BOND SERIES 2013D-E 800-F (Project Rail-218) | 1/1/2013 | 12,103 | 0 | 12,103 | 1,384 | 0 | 13,487 | 0.0297 | MVFT | |
Total Bonds that were reported on the 542 | 548,750 | 0 | 548,750 | 0 | 0 | 548,750 | ||||
Refunded Bonds that were reported on the 542 | 0 | 555,475 | 555,475 | 0 | 0 | 555,475 | ||||
TOTAL | 1,126,690 | 555,475 | 1,682,165 | 55,384 | 0 | 1,737,549 | ||||
Wisconsin | State of Wisconsin G.O. Bonds 2012, Series A | 06/05/12 | 3 | 0 | 3 | 0 | 0 | 3 | 3.5%-5% | |
State of Wisconsin G.O. Bonds 2012, Series B | 11/01/12 | 108,379 | 0 | 108,379 | 0 | 0 | 108,379 | 3.0%-5% | ||
State of Wisconsin G.O. Bonds Extendible Muni. Commercial Paper | 09/22/12 | 1 | 0 | 1 | 0 | 0 | 1 | Motor Fuel Taxes | ||
State of Wisconsin G.O. Bonds Extendible Muni. Commercial Paper | 03/20/13 | 88,945 | 0 | 88,945 | 0 | 0 | 88,945 | Motor Fuel Taxes | ||
State of Wisconsin Transportation Revenue Bonds 2013 Series 1 | 02/05/13 | 124,786 | 134,894 | 259,680 | 23,100 | 0 | 282,780 | 4%-5% | 03/06/13 | |
322,114 | 134,894 | 457,009 | 23,100 | 0 | 480,109 | |||||
TOTAL | 12,848,468 | 2,474,390 | 15,260,760 | 1,309,590 | 2,693 | 16,573,043 | ||||
GRAND TOTAL | 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.