Southwest

The University of Texas System saw strong demand for $218 million of Permanent University Fund bonds priced through a nine-member syndicate led by JP Morgan.

San Antonio will close out July with $450 million of general obligation debt, bringing the month's total to nearly $1 billion.

Cuts in U.S. Army ranks could pose a long-term risk to military housing bonds, though the most recent round should not affect ratings in the short-term, according to Fitch Ratings.

Texas expects to live well within its means for the next two fiscal years even as lower oil prices drag down sales tax revenues , according to Moody's Investors Service analysts led by Nicholas Samuels.

This month's $18.7 billion agreement with BP p.l.c. positions struggling Gulf coast states to receive financial relief, though the years-long payout won't provide immediate respite for some.

Plans to reduce U.S. Army ranks by 40,000 soldiers add pressure to military communities and raise risk for bonds used to privatize base housing, experts said.

When Arkansas' fiscal year 2015 ended on June 30, the state had a surplus of nearly $192 million, according to the Department of Finance and Administration.

For the first time since May 2010, Texas sales tax revenues fell below the same month in the previous year, Texas Comptroller Glenn Hegar reported July 8.

For the first time in nearly three decades, Texas will not need to issue tax and revenue anticipation notes to cover its short-term cash-flow needs, according to state Comptroller Glenn Hegar.

In the final month of the 2015 fiscal year, Kansas took in $22 million less in revenue than expected, leaving the state $33 million below projections for the 12-month period, officials said.