Texas

Texas A&M University plans to spend up to $450 million renovating Kyle Field but has not announced a bond finance plan, according to reports.

With its economy continuing to gain momentum, Harris County, Texas plans to refund about $353.7 million of toll revenue bonds in a negotiated deal Oct. 2.

The San Antonio City Council approved a $4.50 per day airport rental car fee, creating a revenue stream for a $127 million rental car facility.

A design competition narrowed to four finalists for bond-financed redevelopment of Waller Creek in Austin, Texas

The North Texas Tollway Authority approved refunding up to $150 million of toll revenue bonds.

Pecos City, Texas has discovered federal tax law issues relating to the tax-exempt status of $5.6 million of certificates of participation it issued in 2011 and plans to enter into a voluntary closing agreement with the Internal Revenue Service.

Austin Energy should shed its investment in a bond-financed coal plant jointly owned with the Lower Colorado River Authority and replace it with a natural-gas-fired plant, according to a report on the utility's options.

The Texas Education Agency last week notified a record 374 local school districts with high property valuations that they must share tax revenues with poorer districts.

A recent poll of Houston voters found majorities in support of all three major general obligation bond issues on the November ballot.

Texas sales tax collections in August totaled $2.34 billion, an increase of 18.5% from August 2011 revenues, Comptroller Susan Combs said.

A radioactive waste dump financed with taxable general obligation bonds in Andrews County, Texas, is beginning to produce revenue for the county and the state nine years after lawmakers authorized the controversial site.

Dallas-Fort Worth International Airport continues its record refunding year next week with a $269 million issue that coincides with a terminal remodeling program and the bankruptcy of its major tenant.

The El Paso City Council gave preliminary approval Tuesday to a $63 million issue of certificates of obligation for a variety of capital projects. The debt will be issued in October.

Dallas/Fort Worth International Airport's board of directors approved a settlement ending its four-year royalty dispute with Chesapeake Energy Corp. over the price paid on natural gas extracted from airport property.

Moody's Investors Service on Friday downgraded Brazosport College District, Texas revenue bonds to A2 from A1 while Standard & Poor's lowered the outlook on its AA-minus rating to negative from stable.

While Texas' economy continues to outperform the nation's its government has failed when it comes to fixing structural problems with the budget, according to a new report from Standard & Poor's.

With water supplies rapidly dwindling, Midland, Texas, is issuing $200 million of debt to build a 60-mile pipeline in less than 10 months.

San Antonio, plans to issue $1.1 billion of debt through 2016 to finance improvements and expansion of its water and sewer system as drought adds urgency to the city's conservation efforts.

The South Texas Higher Education Authority Inc. has proposed paying IRS $438,243 under the voluntary closing agreement program to settle tax law issues over $255.8 million of student loan bonds it issued in 2007.

Trustees of Tyler Independent School District last week declined to call a general obligation bond election for November after discussing a proposal for several weeks.