Indiana

CHICAGO — The Indianapolis Local Public Improvement Bond Bank will come to market next week with $21 million of economic development tax-increment financing bonds that will support a $340 million expansion of Dow AgroSciences LLC’s headquarters.

CHICAGO — The federal health care overhaul could cost Indiana up to $2.9 billion through 2020, a new report estimates.

The Indiana Finance Authority Wednesday will sell $20 million of tax-exempt revenue bonds on behalf of the National College Athletic Association.

CHICAGO — Evansville, Ind., will enter the market today with $115 million of taxable Build America Bonds to finance construction of a downtown arena meant to revitalize the city, a hub of southwest Indiana and northern Kentucky.

Indianapolis is likely to take over operations at the arenawhere the National Basketball Association’s Indiana Pacers play after the team said it can’t continue to cover annual operating costs.

CHICAGO — The Indianapolis market will gain six new public finance attorneys following the merger this month between Cleveland, Ohio-based law firm Benesch Friedlander Coplan & Aronoff LLP and longtime local firm Dann Pecar Newman & Kleiman PC.

CHICAGO — The directors of two of Indiana’s largest borrowers have left for new jobs.

CHICAGO — The Indiana Finance Authority has advanced a pair of transactions that will launch the state’s first use of its $3.1 billion Midwestern disaster-area bond allocation to help redevelopment efforts following damaging storms two years ago.

CHICAGO — Indianapolis Mayor Greg Ballard yesterday announced that, pending approval by the city and Indiana, the city would sell its water and sewer systems to a nonprofit group for $425 million and the assumption of $1.5 billion in outstanding debt.

CHICAGO — Indiana would be allowed to privatize two of the state’s largest proposed infrastructure projects under a measure on its way to Republican Gov. Mitch Daniels’ desk.

CHICAGO — Faced with aging infrastructure and a pledge to not raise taxes, Indianapolis Mayor Greg Ballard wants to use public-private partnerships to raise new revenue that could fund water and sewer upgrades and other citywide projects.

CHICAGO — The Indianapolis Local Public Improvement Bond Bank today will price $466.6 million of debt, marking the second piece of financing for a new $754 million public safety hospital in downtown Indianapolis.

CHICAGO — A central Indiana task force yesterday unveiled a nearly $10 billion regional transportation plan that recommends imposing a local sales tax and building express toll lanes to help keep Indianapolis competitive in the Midwest.

CHICAGO — Purdue University in Indiana will enter the market today with $73.6 million of student fee bonds to refinance some of its variable-rate debt into a fixed-rate mode.

CHICAGO — The Indianapolis Local Public Improvement Bond Bank will enter the market today with about $200 million of bonds, in the first of two borrowings that will finance construction of a new, $754 million safety-net hospital for ­Marion County.

CHICAGO — Indiana stands out “like a peony in a parking lot” among the states for the relatively small size of its budget problems, Gov. Mitch Daniels said in his annual state of the state address Tuesday night.

CHICAGO — The Indiana Bond Bank Thursday plans to price $300 million of notes as part of its annual financing to help cover anticipated cash-flow shortfalls for local governments and school districts across the state.

CHICAGO — The Indiana Finance Authority Monday afternoon will begin taking retail orders on $350 million of triple-A rated state revolving fund program refunding bonds, before opening the sale to institutional buyers Wednesday.

A handful of Midwestern state housing authorities, most of them shut out of the credit market this year, are acting to take advantage of the U.S. government's temporary new-issue bond program to jump-start their ability to provide new mortgages.

CHICAGO — The Indianapolis Local Public Improvement Bond Bank tomorrow or Wednesday plans to price $112.3 million of notes to cover short-term cash-flow deficits for the city, Marion ­County, and the Indianapolis-Marion County Public Library.