Texas

DALLAS — The University of Texas System has approved building an $800 million hospital at its UT Southwestern Medical Center in Dallas that will be financed largely through revenue bonds.

DALLAS — Bondholders are trying to find out what happened to a $200,000 debt-service reserve fund discovered missing when a north Texas issuer defaulted on $4 million of bonds used to purchase three retirement facilities.

The Internal Revenue Service has initiated an audit of $21.8 million of tax refunding bonds issued in 2005 by the Uvalde, Tex., Consolidated School District.

DALLAS — Austin Bergstrom International Airport’s Hilton hotel faces a deepening financial hole in the wake of a series of defaults on $49 million of revenue bonds, according to a recent audit.

DALLAS — Austin voters will decide in November on $90 million of general obligation bonds devoted to transportation efforts following unanimous action by the City Council.

DALLAS — The Austin Independent School District will current refund its outstanding commercial paper notes with proceeds from Tuesday’s negotiated $75.8 million bond sale.

DALLAS — Moody’s Investors Service restored Texas Southern University’s credit to investment grade Tuesday as the historically black school continued its recovery from a financial scandal that threatened its accreditation with the Southern Association of Colleges and Schools.

DALLAS — The Port Authority of Houston is issuing $300 million of general obligation debt this week to take out commercial paper for the port’s expansion and refund bonds sold in 2008.

DALLAS — A proposal to invest up to $100 million of Texas Permanent School Fund money in charter schools is still alive, even though the Texas Education Agency sidelined the idea in a meeting Thursday.

DALLAS — Harris County, Tex., is considering two options for refunding $205 million of toll-road put bonds on Thursday.

The Cinco Municipal Utility District No. 1, located near Houston, has disclosed that the Internal Revenue Service is auditing $5.2 million of revenue bonds it issued in 2002 to finance water and sewer infrastructure.

DALLAS — Arlington, Texas, appears to have regained its footing on debt service for the $1.2 billion Dallas Cowboys stadium and could retire the sales tax revenue bonds early, officials said.

DALLAS — The Houston Community College System is maximizing taxpayer dollars with today’s $74.6 million negotiated sale that includes $26.7 million of senior-lien student revenue bonds and $47.9 million of tax maintenance notes.

DALLAS — With its rocky financial situation appearing to stabilize, the Dallas Independent School District leads a parade of Texas school bond issuers to market this week with a $166 million refunding.

DALLAS — Texas notched its third straight monthly gain in sales tax revenue in June, but Comptroller Susan Combs says she is not ready to declare an end to hard times.

DALLAS — Texas is considering a $1 billion project to replace all steel residential gas pipes with plastic ones after a series of explosions that resulted in four fatalities.

DALLAS — The Texas Transportation Commission is preparing a record $1.5 billion bond issue under the voter-approved program known as Proposition 14 that dedicates fuel taxes and vehicle fees toward highway construction.

DALLAS — After years of discussion and disagreements about expanding Fort Worth’s celebrated Kimbell Art Museum, a finance team is preparing a $62 million bond package to build an adjacent gallery.

DALLAS — Dallas-Fort Worth International Airport expects its annual debt service cost to double over the next decade as it embarks on a $2 billion renovation of its original four terminals built in 1974.

DALLAS — The Comanche County Hospital District has lost its investment-grade rating from Standard & Poor’s as the rural health care facility in West Texas copes with a declining population and weak economy.