Richard Williamson

DALLAS — The Texas Education Agency will distribute more than $1 billion of federally subsidized qualified school construction bonds to local districts under an allocation procedure issued Monday.

DALLAS — As Arizona voters go to the polls today to decide whether to boost revenues by $1 billion through a temporary sales tax increase, the distressed state is also preparing to issue $450 million of lottery bonds to keep its wobbly budget in balance.

DALLAS — Denver’s latest plan to build a long-delayed hotel at Denver International Airport would use revenue bonds to finance construction of the facility atop a planned commuter rail line at the south end of the landmark Jeppesen Terminal.

DALLAS — Thomas A. Sage has been named partner in the public law practice group of Andrews Kurth in Houston, the firm said.

DALLAS — In an effort to protect its $180 million investment in the Jobing.com Arena, Glendale, Ariz., is willing to cover up to $25 million in losses for the National Hockey League’s Phoenix Coyotes to keep them playing there.

DALLAS — Less than two years after voters rejected a $395 million bond issue, Colorado’s affluent Douglas County School District will issue $79.6 million of general obligation refunding bonds while struggling to cut costs.

DALLAS — The North Texas Tollway Authority plans to test the market’s appetite for a $400 million issue of its lowest-rated debt this week.

DALLAS — On the heels of a Fitch Ratings downgrade, the Sisters of Charity of Leavenworth Health System plans to issue more than $1 billion of revenue bonds this week for operations in three states.

DALLAS — Colorado will begin its next fiscal year July 1 with a $20 billion budget patched together with federal stimulus money and the elimination of tax breaks to cover a $1.3 billion shortfall.

DALLAS — With its credit rating at the lowest rung of investment grade, Colorado’s E-470 Public Highway Authority has received a negative outlook from Fitch Ratings due to falling toll traffic.

DALLAS — As one of 35 states that tapped federal interest-free loans to cover unemployment benefits, Texas expects to issue about $2 billion of bonds to begin repaying them next year, officials said.

DALLAS — Boycotts in the wake of Arizona’s tough new immigration law could add pressure to the state’s slumping economy and further weaken revenue streams for sports and tourism bonds, industry experts said.

DALLAS — Amid Arizona’s deep economic decline, ­Phoenix is considering shelving $250 million of capital improvement projects that would have been financed by general obligation bonds.

DALLAS — For the first time since it became a state in 1912, Arizona could lift its constitutional debt limit from the original $350,000 — an amount so small that the state issues no general obligation bonds — to $3.9 billion under a measure in the Legislature.

DALLAS — Without a sales tax increase, the Denver area’s FasTracks transit system — originally designed as a 12-year project — would not be completed until 2042, according to the Regional Transportation District.

DALLAS — The Lower Colorado River Authority, a major public power wholesaler based in Austin, is preparing to issue $200 million of revenue bonds to refund commercial paper that financed expansion of the utility’s transmission system.

DALLAS — In an $84 million remarketing deal priced this week, the Roman Catholic Diocese of Austin sought to eliminate interest rate risk in favor of fixed-rate bonds, securities executives said.

DALLAS — A proposed sale of the National Hockey League’s Phoenix Coyotes to Chicago sports entrepreneur Jerry Reinsdorf is contingent on creation of a bond district backed by tax revenue.

DALLAS — Faced with the borrowing constraints that often hamper growth of charter schools, the Houston area’s Yes Prep Public Schools used a new type of bond financing that has never been done in Texas.

Raymond James & Associates has added three executives to its public finance team and promoted another.