Municipalities plan a moderate slate of new deals this week during the seasonally slow summer period.

About $4.65 billion of bonds are scheduled for sale this week, according to information from Ipreo and The Bond Buyer, compared with the $5.16 billion Thomson Reuters said sold last week.

The visible supply of bonds, which measures bonds set for sale in the next 30 days, is a relatively light $11.19 billion.

On the negotiated calendar, the Pennsylvania State Turnpike is bringing the biggest issue with $956 million of subordinated revenue bonds.

With Citi as lead manager, the deal is expected to price today. Moody's Investors Service rates the issue A2 and Standard & Poor's rates it A-minus.

The next-biggest negotiated deal is coming from the New York City Transitional Finance Authority, which is selling $800 million of tax-exempt future tax-secured bonds. The underwriter is JPMorgan, with Public Resources Advisory Group as financial adviser.

The TFA is also selling a $100 million of taxable future tax-secured bond. That issue has maturities ranging from 2017 to 2021.

North Carolina is also selling $258.4 million of grant anticipation revenue vehicle bonds. Merrill Lynch & Co. is underwriter, with First Southwest Co. as financial adviser.

The state is rated Aa3 by Moody's and AA by Standard & Poor's.

In Washington State, FYI Properties is selling $298.8 million of lease revenue bonds under the state's Department of Information Services. Under the project, FYI plans to build an office space and data center.

Barclays Capital is underwriting the deal, with Wells Fargo as financial adviser.

A slate of $811.5 million of competitive deals is set for the week.

Aside from the New York City TFA's taxable deal, the biggest competitive offering on the calendar is the Santa Fe Public School District, which is selling $80 million of general obligation bonds.

The bonds have maturities ranging from 2010 to 2019. The district is rated Aa2 by Moody's.

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