Missouri

The privately owned Branson Airport LLC in Missouri --which is in default on its $113 million of municipal debt -- has filed a lawsuit against a group of airport contractors accusing them of faulty work.

The Regional Convention and Sports Complex Authority will take competitive bids Tuesday on a refunding of St. Louis County and Missouri's share of outstanding bonds issued for the St. Louis Rams' Edward Jones Dome.

Kansas City, Mo., plans a roughly $200 million refunding that will allow the city to streamline the Kansas City International Airport's debt under a new master bond ordinance.

Missouri Gov. Jay Nixon moved to restrict $400 million of spending in the state's fiscal 2014 budget over concerns that lawmakers will override his veto of a tax cut.

Standard & Poor's issued a AA-plus rating to St. Louis Metro transit system's new, combined sales tax lien ahead of a planned $375 million refunding.

St. Louis Metro transit enters the market next week with a $375 million issue under a long-planned restructuring and refunding that will introduce a new debt lien supported by revenues from a 2010 voter-approved sales tax.

The Court of Appeals in Kansas City will hear oral arguments next month as several Kansas City, Mo., business owners try to keep alive their lawsuit challenging the legality of the funding mechanism for the city's downtown streetcar line.

Ascension Health Alliance will make its first foray into the long-term taxable market this week when it sells $1 billion of refunding bonds in a mix of tax-exempt and taxable paper.

Missouri Gov. Jay Nixon vetoed a gradual $700 million to $800 million tax cut approved by the Legislature, calling the plan irresponsible and harmful to the state's budget and economy.

A majority of investors holding $113 million of bonds issued for the privately owned and operated Branson Airport in Missouri have agreed to give the struggling Ozarks air field more breathing room to bolster operations.

An investor with a stake in $39 million of defaulted bonds issued for a failed artificial sweetener plant in Missouri dropped the underwriter's counsel from litigation and may be zeroing in on underwriter Morgan Keegan & Co.

Lambert-St. Louis International Airport received a triple dose of good credit news last week when Moody's Investors Service followed Fitch Ratings in upgrading the airport's credit and Standard & Poor's revised its outlook.

Missouri lawmakers adjourned after passing of a $25 billion fiscal 2014 operating budget and a $700 million to $800 million income tax cut package but taking no action on two major bond packages.

Morgan Keegan & Co. Inc. denies any wrongdoing and attacks as overtly biased Missouri Secretary of State Jason Kander's petition alleging securities fraud in its role as underwriter of Moberly, Missouri's $39 million of defaulted bonds.

A judge ruled last week that several Kansas City, Mo. business owners behind a lawsuit challenging the legality of the funding mechanism for the city's proposed $102 million, two-mile downtown streetcar line don’t have to file a bond to proceed with their appeal.

Monsanto Co., the agricultural biotechnology corporation, last week announced plans for a $400 million expansion of its research facility in Chesterfield just outside St. Louis.

Several Kansas City Missouri business owners behind a lawsuit challenging the legality of the funding mechanism for the city's proposed $102 million downtown streetcar filed an appeal of the district court's dismissal.

The trustee for $113 million of bonds issued for a privately owned and operated airport at Branson, Mo. are negotiating possible modifications to a forbearance agreement for the struggling airport.

Gov. Jay Nixon last week signed a $219 million supplement to the fiscal 2013 budget that provides funding for education and other services.

The Missouri Highways and Transportation Commission has named its chief engineer Dave Nichols to serve as director of the Missouri Department of Transportation.