Texas

The Crystal City, Tex., Public Facilities Corp. has received an adverse tax determination notice from the Internal Revenue Service for $14 million of bonds issued in 2003 for a prison.

DALLAS — With a $1 billion renovation of George Bush Intercontinental Airport in the works, the Houston Airport System will seek interest-rate savings in a $424 million refunding deal expected to price in mid-July.

A lawsuit filed Wednesday in Austin claims that Texas Comptroller Susan Combs illegally promised a $25 million state subsidy for a Formula One race event next year.

DALLAS - Texas Gov. Rick Perry has signed legislation designed to help commuter rail districts raise money across jurisdictional lines for bond-funded projects.

DALLAS - Texas Gov. Rick Perry signed a two-year, $172.3 billion state budget Friday, but lawmakers continue work on two bills to finance the spending plan.

Port of Houston Authority officials said last week construction of a cruise ship terminal in Pasadena cost $108.4 million rather than the previously announced $71 million.

A $596 million general obligation bond issue outlined to the San Antonio City Council last week would fund infrastructure projects across the city as well as large, high-impact civic efforts.

DALLAS — Texas will leverage its strong credit to raise its reputation in higher education this week with $152 million of student loan bonds.

DALLAS - Dallas is expected to pay off the final $10.45 million installment on bonds used to build the American Airlines Center, retiring the debt 16 years ahead of schedule.

The Houston Independent School District may join in a lawsuit against Texas over inequities in the state's school finance system, board president Paula Harris said last week at a news conference.

The state sales tax generated $1.95 billion in May, Texas Comptroller Susan Combs said last week, an increase of 10% from May 2010 collections.

Harris County has recouped the final payment from more than $300,000 it sought from five law firms over unsubstantiated travel and entertainment expenses incurred in the sale of county bonds.

In the midst of a $1.9 billion renovation of its four original terminals, Dallas-Fort Worth International Airport will refund $112 million of revenue bonds next week for total anticipated savings of $25 million.

DALLAS — A bill that would authorize $9 billion of highway construction in North Texas through public-private partnerships is expected to get Gov. Rick Perry’s signature by the June 19 deadline.

DALLAS — Texas lawmakers are expected to complete the special legislative session’s budget work on Thursday when the House will consider school finance bills passed by the Senate late last week.

Sen. Judith Zaffirini, D-Laredo, has filed a bill allowing Texas state colleges and universities to issue a total of $100 million of tuition revenue bonds. She said she wants to be ready to move if Gov. Rick Perry expands the bills that could be considered in the current special legislative session.

DALLAS — Texas Gov. Rick Perry called the Legislature into a 30-day special session that began Tuesday after a Democratic filibuster killed a combination revenue bill and school funding reform measure aimed at balancing the two-year state budget that was agreed to over the weekend.

DALLAS — The Central Texas Regional Mobility Authority, the first toll road agency of its kind in Texas, is looking for yield-hungry investors willing to take a risk on $374 million of revenue bonds at or below investment grade next week.

DALLAS — Harris County, Texas, has asked five law firms involved with 30 county bond issues over three years to return $300,586 of undocumented travel and entertainment expenses.

DALLAS — Texas legislators have agreed on the state’s next two-year spending plan, but still must reconcile revenues with expenditures before the session ends next week