2008A Second General Dedicated Highway and Bridge Trust Fund Bonds

Par Amount:  $493,720,000

New Money Generated: $400,000,000

Closing Date:  3/20/08

Dated Date:   3/20/08

First Maturity:  04/01/09

Final Maturity:   04/01/28

Interest Payment Dates:  April 1 and October 1, commencing October 1, 2008

Call Provisions:  4/01/18 @ 100%

TIC (True Interest Cost):  4.636%

Purpose:  To provide funds to reimburse the State for certain expenditures made or to be made by the State Department of Transportation in connection with the State’s Multi-Year Highway and Bridge Capital Program, and to refund certain maturities of the Authority’s outstanding First General Trust Fund Bonds.

Pricing Dates:
Retail - 3/03/08
Institutional – 3/04/08
Award – 3/05/08

Insured by: None

Ratings:
S&P = AA
Fitch = AA-

Bookrunner:  Goldman, Sachs & Co.

Senior Managers:
Bear, Stearns & Co. Inc
JPMorgan
UBS Investment Bank

Co-Managers: 
Banc of America Securities LLC
Jackson Securities, LLC
KeyBanc Capital Markets
Lehman Brothers
Loop Capital Markets, LLC
Sterne, Agee & Leach, Inc.

Bond Counsel:  Hawkins Delafield & Wood LLP

Underwriters’ Counsel:  Hiscock & Barclay, LLP

Financial Advisor:  First Southwest Company

Trustee:  The Bank of New York

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2008 Local Highway and Bridge Service Contract Bonds

Par Amount:  $247,045,000

New Money Generated: None – Refunding only

Closing Date:  2/26/08

Dated Date:   2/26/08

First Maturity:  04/01/08

Final Maturity:   04/01/17

Interest Payment Dates:  April 1 and October 1, commencing April 1, 2008

Call Provisions:  None

TIC (True Interest Cost):  2.942%

Purpose:  To refund certain maturities of the Authority’s outstanding Local Highway and Bridge Service Contract Bonds.

Pricing Dates:
Retail - 2/06/08
Institutional – 2/07/08
Award – 2/08/08

Insured by: None

Ratings:
S&P = AA-
Fitch = A+

Bookrunner:  Morgan Stanley

Senior Managers:
Goldman, Sachs & Co.
Lehman Brothers
RBC Capital Markets

Co-Managers: 
M. R. Beal & Company
Jackson Securities, LLC
Loop Capital Markets, LLC
Siebert Brandford Shank & Co., LLC
Southwest Securities, Inc.
UBS Investment Bank

Bond Counsel:  Harris Beach PLLC

Underwriters’ Counsel: Nixon Peabody LLP

Financial Advisor:  First Southwest Company

Trustee:  The Bank of New York

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General Revenue Bonds – Series H

Official Statement - Series H (PDF, 205 pages/5.5 Mb)

Par Amount:  $1,008,910,000

New Money Generated: $550,859,888.83

Closing Date:  10/11/07

Dated Date:   10/11/07

First Maturity:  01/01/09

Final Maturity:   01/01/37

Interest Payment Dates:  January 1 and July 1, commencing January 1, 2008

Call Provisions:  01/01/2018 @ 100%

TIC (True Interest Cost):  4.483%

Purpose:  To fund a portion of the Authority’s Multi-Year Capital Plan, to refund certain portions of the Authority’s outstanding Series E bonds, make a deposit to the Senior Debt Service Reserve Fund, make a deposit to the Reserve Maintenance Fund and to pay the Costs of Issuance.

Pricing Dates:
Retail - 10/01/07
Institutional – 10/02/07
Award – 10/03/07

Insured by: MBIA, FGIC

Ratings:
Moody’s = Aa3 uninsured, Aaa insured
S&P = AA- uninsured, AAA insured

Bookrunner:  Citi

Senior Managers:
JPMorgan
Raymond James & Associates, Inc.
UBS Investment Bank

Co-Managers: 
M. R. Beal & Company
Bear, Stearns & Co. Inc.
KeyBanc Capital Markets
Merrill Lynch & Co.
RBC Capital Markets
Wachovia Bank, National Association

Bond Counsel:  Hawkins Delafield & Wood LLP

Underwriters’ Counsel: Hiscock & Barclay, LLP

Financial Advisor:  First Southwest Company

Trustee:  The Bank of New York

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2007A State Personal Income Tax Revenue Bonds (Transportation) (Refunding)

Par Amount:  $171,070,000

New Money Generated: None

Closing Date:  09/25/07

Dated Date:   09/25/07

First Maturity:  03/15/13

Final Maturity:  03/15/18

Interest Payment Dates:  March 15 and September 15, commencing March 15, 2008

Call Provisions:  09/15/2017 @ 100%

TIC (True Interest Cost):  4.118019%

Purpose:  To provide funds to advance refund certain maturities of the Authority’s outstanding Personal Income Tax Revenue Bonds (Transportation).

Pricing Dates:
Retail - 8/30/07
Institutional – 8/30/07
Award – 8/31/07

Insured by: None

Ratings:
S&P = AAA
Fitch = AA-

Bookrunner:  Bear, Stearns & Co. Inc.

Senior Managers:
Banc of America Securities LLC
Raymond James & Associates, Inc.
UBS Investment Bank

Co-Managers: 
Citi
Merrill Lynch & Co.
Popular Securities, Inc.
RBC Capital Markets
Roosevelt & Cross, Incorporated
Sterne, Agee & Leach, Inc.

Bond Counsel:  Harris Beach PLLC

Underwriters’ Counsel: Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.

Financial Advisor:  First Southwest Company

Trustee:  The Bank of New York

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2007A State Personal Income Tax Revenue Bonds (Transportation)

Par Amount:  $325,160,000

New Money Generated: $330,000,000

Closing Date:  09/06/07

Dated Date:   09/06/07

First Maturity:  03/15/08

Final Maturity:   03/15/27

Interest Payment Dates:  March 15 and September 15, commencing March 15, 2008

Call Provisions:  09/15/2017 @ 100%

TIC (True Interest Cost):  4.673%

Purpose:  To provide the Authority with funds to make grants to reimburse municipalities and other project sponsors throughout the State for highway, bridge and multi-modal capital projects pursuant to established State programs.

Pricing Dates:
Retail - 8/21/07
Institutional – 8/22/07
Award – 8/23/07

Insured by: None

Ratings:
S&P = AAA
Fitch = AA-

Bookrunner:  Bear, Stearns & Co. Inc.

Senior Managers:
Banc of America Securities LLC
Raymond James & Associates, Inc.
UBS Investment Bank

Co-Managers: 
Citi
Merrill Lynch & Co.
Popular Securities, Inc.
RBC Capital Markets
Roosevelt & Cross, Incorporated
Sterne, Agee & Leach, Inc.

Bond Counsel:  Harris Beach PLLC

Underwriters’ Counsel: Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.

Financial Advisor:  First Southwest Company

Trustee:  The Bank of New York

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