Texas

The Texas Transportation Commission decided tolls are not needed to fund a proposed $530 million highway project.

The Texas Public Finance Authority expects its triple-A credit to attract institutional and retail investors to an upcoming $445 million issue of taxable general obligation bonds for cancer research and prevention.

The University of North Texas System will reduce the size of its $222 million deal by $45 million after a private placement offer provided better terms, officials said.

The IAH Public Facility Corp. has reached a proposed settlement with the Internal Revenue Service to resolve a tax-law dispute relating to about $49 million of bonds it issued in 2004 and 2006 to finance a jail in Polk County, Texas.

Texas Gov. Greg Abbott tells road planners to look at projects that eliminate bottlenecks and reduce traffic congestion.

Rating agencies have restored stable outlooks on the University of North Texas system as UNT prepares to go to market with $222 million of revenue bonds.

The Texas Attorney General’s Office will not decide on the local property tax exemptions of two P3 student housing projects at Texas A&M.

Financially stressed Graham, Texas, has seen its Standard & Poor’s rating fall out of the “A category” with the threat of further downgrades due to a negative outlook.

A positive outlook from Standard & Poor’s may lead to an investment-grade rating for the Decatur County Hospital Authority.

After achieving net present value savings of $65 million on a $764 million refunding, the North Texas Tollway Authority is preparing for its financial close on the deal Sept. 24.

With its largest U.S. project recently completed in Dallas, the nation’s top builder of private toll roads is preparing to pitch Colorado on a major redevelopment of Interstate 70 in metro Denver.

Brazos County wants a ruling from the state on property tax exemption of a bond-financed P3 dormitory at Texas A&M.

The affluent North Dallas suburb of Frisco, Texas, will share debt service with the Frisco Independent School District and a conduit issuer on $39 million of sales tax revenue bonds to improve a professional soccer stadium for the FC Dallas team.

The Texas Water Development Board plans to issue $886 million of bonds to fund a new program to fund water projects across the Lone Star State.

Falling oil prices caused Texas sales tax revenues to sag in August, bringing the state’s income slightly below projections for the 2015 fiscal year, Comptroller Glenn Hegar reported.

With upgrades from two rating agencies, the North Texas Tollway Authority expects another reduction in its debt service costs with $744 million of refunding bonds, according to chief financial officer Horatio Porter.

One of the newest entrants in the Texas charter school movement did not wait to qualify for the state's triple-A PSF guarantee, selling $111 million of unrated bonds to buy six campuses.

Revenue bonds issued by Arlington, Texas, to help finance a $1.3 billion stadium for the Dallas Cowboys earned a Standard & Poor's upgrade to A-plus due to improved debt-service coverage.

A new limit on capital appreciation bonds in Texas is a positive credit factor for local governments, particularly school districts, according to Moody's Investors Service.

A water supply district created to serve the parched oil hub of Midland, Texas, has taken a two-notch downgrade from Standard & Poor's to AA-minus due to weaker financial performance, according to analyst James Breeding.