Midwest

The International Falls Economic Development Authority tomorrow will offer $11.5 million of taxable lease revenue bonds backed by a general obligation pledge of the federal government to finance construction of a new National Park Service headquarters.

CHICAGO — McLean County, N.D., will enter the market next week with $83 million of solid-waste facilities revenue bonds on behalf of wholesale power supplier Great River Energy.

CHICAGO — The Minnesota Supreme Court ruled yesterday that Gov. Tim Pawlenty exceeded his executive powers in using his unallotment authority to slash the fiscal 2010-11 budget sent to him by lawmakers last year, a finding that raises questions over the legality of $2.7 billion in spending cuts made by the governor.

CHICAGO — The Illinois Finance Authority board advanced plans this week for more than $550 million in health care-related deals, including the Clare at Water Tower’s tender and exchange offer that is part of a debt restructuring aimed at giving the struggling retirement development more time to succeed.

CHICAGO — Ohio will issue up to $700 million of new-money general obligation bonds over the next four years to finance a jobs program after voters approved the measure in Tuesday’s primary election.

CHICAGO — A special pension commission named by Chicago Mayor Richard Daley has recommended increased contributions and policy changes to address the city’s pension funding crisis, but several panel members panned the proposals as falling far short of the more dramatic action needed to avert looming shortfalls.

CHICAGO — With time running out on the current legislative session, a group of Minnesota lawmakers yesterday unveiled a proposal for a new stadium for the Minnesota Vikings that relies on public funding supported by a series of new taxes to cover about two-thirds of the nearly $800 million price tag.

The Indiana Finance Authority Wednesday will sell $20 million of tax-exempt revenue bonds on behalf of the National College Athletic Association.

Michigan State University today will price $229 million of general revenue bonds to refund outstanding variable-rate debt and commercial paper and pay termination fees related to interest rate swaps.

CHICAGO — The bill for fixing Chicago’s underfunded pension funds would cost taxpayers at least $660 million annually and without action the funds will face shortfalls within the decade, according to a report released Friday by a special pension commission appointed by Mayor Richard Daley.