Richard Williamson

DALLAS - Two members of the North Texas Tollway Authority board are expected to submit resignations unrelated to a current Federal Bureau of Investigation probe of the board's business practices, according to reports.

DALLAS - With its population expected to nearly double to 46 million in 50 years, Texas is confronting one factor that could impede that growth: a shortage of water and the money needed to keep it flowing.

A proposed $158 million bond issue in the Lake Travis Independent School District is drawing opposition from a group that claims the debt would be too large for the district.

Moody’s Investors Service said it is taking no immediate rating action after the Oklahoma Supreme Court reversed a $7.1 million settlement between Tulsa and the Bank of Oklahoma on a loan default.

After two years of discussion on plans to build a government “super-complex” south of Santa Fe, New Mexico Gov. Susana Martinez is seeking six more months to decide on the exact location.

DALLAS — Current and former members of the North Texas Tollway Authority’s board of directors are under investigation by the FBI as the NTTA prepares to issue $622 million of revenue bonds, according to disclosure in a preliminary official statement.

DALLAS - Some board members of the North Texas Tollway Authority appear to have conflicts of interest involving business ties or family members, but the agency lacks clear policies regulating the conflicts, according to a consultant's review.

DALLAS - With its first financing for a project in Fort Worth, the North Texas Tollway Authority is expanding its role as the major regional road builder as it faces new scrutiny over its business practices.

DALLAS - Texas Gov. Rick Perry's office rejected doubling the salary of the Texas Department of Transportation's executive director but did authorize a salary above a statutory maximum of $292,500, officials said.

DALLAS - Phil Wilson, a former aide to Gov. Rick Perry recently named executive director of the Texas Department of Transportation, should be paid twice as much as his predecessor, according to the new chairman of the board that oversees TxDOT.

DALLAS - Standard & Poor's on Wednesday lowered its rating on the Arizona Transportation Board's subordinate-lien highway revenue bonds to AA-plus from AAA with a negative outlook.

DALLAS - Standard & Poor's on Tuesday lowered $35.8 million of outstanding Texas Midwest Public Facility Corp.'s 2009 revenue bonds to D from CC after the issuer defaulted on debt service for its vacant private jail in Jones County.

The North Texas Tollway Authority last week approved the sale of bonds for Chisholm Trail Parkway in Fort Worth under the agency’s special projects system.

DALLAS - As Austin begins mapping its next bond program, the triple-A Texas capital is taking advantage of low interest rates with a $93 million refunding this week.

DALLAS - Harris County, Texas, is seeking $484,000 through mediation with Morgan Stanley for alleged overpayment of fees after reaching a $659,000 settlement with UBS, officials said.

DALLAS - The Tomball Hospital Authority near Houston has called or defeased its $111.4 million of tax-exempt bond debt after the sale of the Tomball Regional Medical Center to for-profit Community Health Systems.

DALLAS - With municipal bond volume running about as low as the water levels in its reservoirs, Texas' Lower Colorado River Authority will supply a parched market with $595 million of refunding revenue bonds this week.

DALLAS - Two former aides to Texas Gov. Rick Perry now hold top positions at the Texas Department of Transportation after former energy lobbyist and secretary of state Phil Wilson was named the agency's executive director.

DALLAS - Dallas Area Rapid Transit plans a 16% increase in debt service as it continues to expand its light-rail system under the fiscal 2012 budget that begins Saturday.

DALLAS - The Arizona Transportation Board is scheduled to sell $164.5 million of excise tax revenue bonds in a competitive deal Tuesday.