Midwest

Indiana's Purdue University will sell $58 million of student-fee bonds Wednesday in the first of two August deals to raise money for capital needs.

The trustee for $39 million of appropriation revenue bonds issued for a failed artificial sweetener plant in Moberly Missouri has decided to give up on efforts to sell the half built plant to a new developer and now intends to auction off the project's assets this fall.

The Illinois State Toll Highway Authority board approved a pool of 10 law firms to work on its bond sales as it embarks on a 15-year $12 billion capital program.

Minnesota enters the market next week with a small, but rare, revenue issue for refunding savings and plans to return on Aug. 8 with $658 million of new-money general obligation bonds. Both are competitive issues.

The mayors of Milwaukee and Gary, Ind. discussed ways to increase regional cooperation and redefine the region as the country's "Fresh Coast" during a panel sponsored by the Chicago non-profit Metropolitan Planning Council.

Michigan's top court Wednesday heard arguments over the font size on petitions for a ballot referendum to overturn the state's controversial emergency management law.

The Joplin School District borrows $35 million Tuesday to kick into high gear its rebuilding effort following last year's devastating tornado.

Struggling to repay $113 million in debt that financed its privately-owned and operated airport in Missouri's Ozark Mountains, Branson Airport LLC has won a reprieve against enforcement actions from bondholders in the form of an extended forbearance agreement.

Cook County commissioners Tuesday gave the administration the green light to issue up to $100 million of sales-tax backed bonds, a first-of-its-kind deal for the nation's second-largest county.

Moody's Investors Service affirmed the A1 rating for the Metropolitan Utilities District of Omaha, removing it from review for possible downgrade, and assigned a negative outlook.