Midwest

CHICAGO — Repayment of about $46 million of taxable tribal gaming revenue bonds from a $50 million issue on behalf of the Lac du Flambeau tribe in Wisconsin remains in question as investors decide their next move, following a federal judge’s dismissal of their case seeking to enforce their bond indenture rights.

CHICAGO — The Franklin County Convention Facilities Authority will enter the market today with $160 million of lease-backed taxable Build America Bonds to finance construction of a Hilton hotel in downtown Columbus, adjacent to the Ohio city’s convention center.

Moody’s Investors Service last week downgraded Matteson’s unlimited-tax general obligation rating two notches to Baa2 from A1 and warned of further action with a negative outlook.

CHICAGO — Minnesota Gov. Tim Pawlenty on Friday unveiled an $815 million capital budget that relies on $685 million of general fund-supported bonding amid calls from some lawmakers for $1 billion in capital spending to bolster the economy.

WASHINGTON — The Nebraska Supreme Court last week dismissed a lawsuit brought by Falls City against the Nebraska Municipal Power Pool and three of its staff members.

CHICAGO — The Indiana Bond Bank Thursday plans to price $300 million of notes as part of its annual financing to help cover anticipated cash-flow shortfalls for local governments and school districts across the state.

CHICAGO — The Illinois Finance Authority gave preliminary approval this week to the Seneca I-80 Railport Development LLC’s proposed $576 million issue. The move advances development efforts for the proposed freight-transfer facility that is seeking an allocation of tax-exempt, private activity bonding under the federal government’s $15 billion pilot program.

CHICAGO — Ohio voters would get to vote on a plan to issue up to $950 million of general obligation debt to finance a popular jobs technology program under a resolution passed by the Democrat-controlled state House this week.

CHICAGO — Cincinnati-based Xavier University will enter the market today with $48 million of general obligation lease rental bonds.

CHICAGO — Illinois Gov. Pat Quinn warned the state faces its worst “financial calamity” ever and said he would push for tax code reforms that raise revenue in a “fair way” in his state of the state address yesterday.