Southwest

The affluent North Dallas suburb of Frisco, Texas, will share debt service with the Frisco Independent School District and a conduit issuer on $39 million of sales tax revenue bonds to improve a professional soccer stadium for the FC Dallas team.

The Texas Water Development Board plans to issue $886 million of bonds to fund a new program to fund water projects across the Lone Star State.

Falling oil prices caused Texas sales tax revenues to sag in August, bringing the state’s income slightly below projections for the 2015 fiscal year, Comptroller Glenn Hegar reported.

The University of Oklahoma Board of Regents is going to market with $245 million of taxable and tax-exempt bonds for improvements to the football stadium, its residential colleges and a parking garage, after Fitch & S&P downgrades.

Arkansas revives road projects stalled over federal funding concerns, but officials say long-term HTF solution is essential.

With upgrades from two rating agencies, the North Texas Tollway Authority expects another reduction in its debt service costs with $744 million of refunding bonds, according to chief financial officer Horatio Porter.

One of the newest entrants in the Texas charter school movement did not wait to qualify for the state's triple-A PSF guarantee, selling $111 million of unrated bonds to buy six campuses.

Revenue bonds issued by Arlington, Texas, to help finance a $1.3 billion stadium for the Dallas Cowboys earned a Standard & Poor's upgrade to A-plus due to improved debt-service coverage.

A new limit on capital appreciation bonds in Texas is a positive credit factor for local governments, particularly school districts, according to Moody's Investors Service.

A consultant's report shows that earnings for Oklahoma's seven public pension funds fell steeply from the previous year. State Treasurer Ken Miller said the drop was not unexpected but should guide policies in the future.