Utah

The National Association of State Treasurers elected officers for 2014 and adopted several bond-related resolutions, during an annual business meeting at its conference here on Monday.

Salt Lake City’s recently dedicated Public Safety Building – built with $125 million of general obligation bonds – is one of the largest public buildings in the nation to generate as much energy as it uses.

Weber County's backstop of a $17.6 million 'dirt bond' deal for a mountain resort resulted in a rating of AA-minus from Standard & Poor's.

Voters in Utah's Jordan School District — the largest in the state until a controversial 2009 split — will consider a $495 million bond proposal approved by the district's board on Tuesday.

Triple-A-rated Utah will offer investors a safe bet this week with $217 million of general obligation bonds for the Beehive State's growing highway system.

A newly created board would consider whether to move the Utah State Prison from Draper at a potential cost of $600 million under a bill awaiting Gov. Gary Herbert's signature.

Utah Charter School Finance Authority will price $17.8 million of revenue bonds for Ogden Preparatory Academy under a new program that allows the state to back the issue with its moral pledge.

The Utah Board of Regents is preparing to issue $518.7 million of taxable notes for its student loan program through RBC Capital Markets.

The Utah Transit Authority will complete financing for its 2015 rail projects and convert about half of its variable-rate bonds to fixed-rate in a $296.8 million deal next week.

The Utah Transit Authority is moving towards a $320 million bond deal for expansion of its Trax and FrontRunner rail projects.

Utah Associated Municipal Power Systems issued nearly $92 million of revenue bonds for its Horse Butte Wind Project, one of 47 wind energy producing sites recently built or planned in Idaho.

Utah lawmakers expect to have a $128 million surplus and $280 million in projected revenue growth available when the 2012 legislative session begins later this month.

Designing a solar rooftop for Salt Lake City's convention center has proven much less challenging than arranging the financing, planners for the $7 million project say.

The Utah Board of Regents last week voted to construct the first building on Utah State University’s Brigham City campus in a $15 million deal to be shared with the city.

DALLAS — In a deal tailored for risk-averse investors, Utah is planning to offer $635 million of its top-rated, tax-exempt general obligation bonds with maximum maturities of 15 years.

WASHINGTON — The Internal Revenue Service has closed its audit of $308 million of variable-rate bonds issued by Murray City, Utah, in a 2003 conduit health care transaction without any change to the bonds’ tax-exempt status.

Alpine School District officials expect to ask voters to authorize $210 million of bonds to rebuild 12 schools and improve earthquake safety at 14 others.

DALLAS — More than three years after voters approved a bitterly contested split from Utah’s largest school district, the Canyons School District is preparing to issue its first bonds under its new name.

WASHINGTON — The Utah Housing Corp. has filed a lawsuit against two brokers — CDR Financial Products Inc. and Investment Management Advisory Group Inc. — and eight providers of guaranteed investment contracts, claiming they knowingly engaged in bid-rigging activities to artificially suppress interest rates on investment agreements it purchased for its housing bond proceeds.

The Securities and Exchange Commission on Friday charged two former portfolio managers with defrauding a tax-free mutual fund that invests primarily in municipal debt issued in Utah. It appears to be the first such case in which portfolio managers for a registered investment adviser were charged with taking fees from municipal bond issuers, sources said.