|
General obligation bonds issued and outstanding, as of June 30, 1996, are as follows (amounts expressed in
thousands).
|
|
|
Interest
|
Principal
|
Principal
|
|
Issue
|
Maturity
|
Rates
|
Issued
|
Outstanding
|
|
7/9/81
|
1985-1997
|
9.20%
|
$ 91,915
|
$ 10,880
|
|
11/19/81
|
1985-1997
|
11.30%
|
96,265
|
11,865
|
|
7/8/82
|
1986-1998
|
11.00-11.20%
|
140,495
|
35,520
|
|
12/8/82
|
1986-1998
|
8.30-8.40%
|
126,735
|
30,635
|
|
6/30/83
|
1986-1998
|
8.20-8.40%
|
125,000
|
28,730
|
|
3/7/84
|
1987-1999
|
8.00-8.20%
|
116,700
|
38,660
|
|
9/6/84
|
1988-2000
|
8.50-9.00%
|
138,990
|
59,185
|
|
3/13/86
|
1989-2001
|
6.40-6.50%
|
124,585
|
62,435
|
|
7/24/86
|
1990-2002
|
6.50-6.70%
|
164,645
|
92,685
|
|
7/9/87
|
1991-2003
|
6.30-6.50%
|
144,860
|
91,355
|
|
1/7/88
|
1991-2003
|
6.50-7.00%
|
80,000
|
19,155
|
|
5/17/88
|
1991-2003
|
5.20-6.88%
|
80,000
|
19,155
|
|
10/25/88
|
1991-2003
|
6.00-7.00%
|
80,000
|
24,750
|
|
3/1/89
|
1992-2004
|
6.25-6.80%
|
80,000
|
24,745
|
|
7/18/89
|
1992-2004
|
6.40-6.50%
|
80,000
|
30,060
|
|
3/3/90
|
1993-2005
|
6.00-6.70%
|
130,000
|
48,865
|
|
5/1/90
|
1996-2000
|
6.10-6.60%
|
24,227
|
7,786
|
|
7/17/90
|
1994-2006
|
6.40-6.80%
|
95,000
|
50,130
|
|
10/16/90
|
1994-2006
|
6.10-7.10%
|
95,000
|
41,430
|
|
3/26/91
|
1994-2006
|
5.50-6.50%
|
95,000
|
59,315
|
|
7/1/91
|
1996-2001
|
5.60-6.10%
|
11,787
|
3,863
|
|
7/23/91
|
1996-2007
|
5.50-6.50%
|
100,000
|
78,480
|
|
10/22/91
|
1996-2007
|
5.10-6.10%
|
120,000
|
106,870
|
|
5/27/92
|
1996-2007
|
4.40-6.00%
|
120,000
|
106,830
|
|
2/2/93
|
1996-2008
|
4.75-5.50%
|
130,000
|
122,845
|
|
6/3/93(a)
|
1994-2008
|
4.50-5.50%
|
278,150
|
266,280
|
|
10/21/93(a)
|
1996-2009
|
3.00-4.75%
|
283,545
|
280,265
|
|
3/3/94(a)
|
1996-2009
|
3.50-4.75%
|
184,210
|
182,165
|
|
6/2/94
|
1997-2009
|
4.88-5.50%
|
120,000
|
120,000
|
|
10/20/94
|
1998-2010
|
5.00-6.00%
|
160,000
|
160,000
|
|
3/23/95
|
1998-2010
|
5.00-5.70%
|
175,000
|
175,000
|
|
10/26/95
|
1999-2011
|
5.00%
|
150,000
|
150,000
|
|
2/29/96
|
1999-2011
|
4.00-4.90%
|
170,000
|
170,000
|
|
6/20/96
|
1999-2011
|
5.00-5.25%
|
150,000
|
150,000
|
|
|
|
|
$4,262,109
|
$2,859,939
|
(a) Includes refunding debt
General obligation bonds authorized but unissued as of June 30, 1996, total $1,120,637,180.
As of June 30, 1996, general obligation debt service requirements for principal and interest in future years are
as follows (amounts expressed in thousands):
|
Years Ending
|
|
Years Ending
|
|
|
June 30
|
.Total
|
June 30
|
Total
|
|
-? 1997..................................
|
............ $397,467
|
2005..................................
|
............ $247,926
|
|
1998..................................
|
............ 391,088
|
2006..................................
|
............ 223,671
|
|
1999..................................
|
............ 366,433
|
2007..................................
|
............ 191,249
|
|
2000..................................
|
............ 366,883
|
2008..................................
|
............ 153,730
|
|
2001..................................
|
............ 341,826
|
2009..................................
|
............ 125,488
|
|
2002..................................
|
............ 319,639
|
2010..................................
|
............ 85,861
|
|
2003..................................
|
............ 301,134
|
2011..................................
|
............ 49,341
|
|
2004..................................
|
............ 266,626
|
|
|
On October 9, 1996, general obligation bonds aggregating $170,000,000 were issued. The interest rate on this
issue was 5.0% and the bonds mature serially through 2011.
Transportation Bonds ?
Transportation Bonds outstanding as of June 30, 1996, are as follows (amounts expressed in thousands).
|
|
Outstanding
|
|
Consolidated Transportation Bonds ? 3.9% to 6.7%, due serially through 2009 .....................................................................................
|
$499,925
|
|
Consolidated Transportation Bonds, Refunding ? 3.6% to 4.5%, due serially through 2005............................ .....................................
|
463,700
|
|
County Transportation Bonds ? 5.2% to 6.2%, due serially through 2006................................................................................................
|
16,255
|
|
|
$979,880
|
Consolidated Transportation Bonds are limited obligations issued by the Maryland Department of
Transportation (Department) for highway, port, airport or mass transit facilities, or any combination of such
facilities. The principal must be paid within 15 years from the date of issue.
55
|
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