Northeast

As Harrisburg looks for assistance through Pennsylvania’s distressed communities program, the city also will seek a $7 million short-term loan to help meet payroll and other immediate costs.

The Dormitory Authority of the State of New York plans to begin institutional pricing on $1.36 billion of new-money personal income tax bonds on Monday. DASNY took retail orders on Thursday and Friday on the tax-exempt portion of the deal, which also includes traditional taxable bonds and taxable Build America Bonds.

New Jersey Gov. Chris Christie picked former state Attorney General David Samson to replace Anthony Coscia on Thursday as chairman of the Port Authority of New York and New Jersey.

Political fighting in Harrisburg, Pa., scrapped Mayor Linda Thompson’s initiative to restructure debt of the region’s incinerator authority, meaning the city is no closer to resolving the problems that brought it to the verge of a general obligation default this month.

New York City needs a more transparent and accountable system for implementing community benefits agreements with private developers that receive public subsidies, according to a task force ­convened by the city comptroller.

The oversight board that monitors ­Nassau County, N.Y., said the county’s proposed 2011 budget is not balanced due to risky assumptions.

Public Financial Management Inc. will assist New Jersey in its plan to defease outstanding general obligation debt.

The New Jersey Turnpike Authority approved up to $2.53 billion of new-money and refunding bonds Tuesday to help finance capital projects and generate potential debt-service savings.

The New York Metropolitan Transportation Authority’s finance committee approved a pool of banks Monday that could replace liquidity facilities on $4.6 billion of variable-rate bonds due to expire over the next four years.

The Clarkstown Central School District in Rockland County, N.Y., following an independent audit, has begun implementing procedures to better track capital projects and prevent adverse exposure to federal tax laws regarding accounting for bond proceeds.