Southwest

Under a new law going into effect Sept. 1, Texas governments can no longer issuer certificates of obligation for a project if voters have rejected a bond proposal within the previous three years.

Colorado may have to cut highway funding so it can issue tax refunds triggered by the state's TABOR law.

Favorable demographic trends and increases in funding will give Texas colleges and universities an advantage over systems in other states, according to a report from Moody’s.

Bracewell & Giuliani partner Shamoil T. Shipchandler will head the Fort Worth regional office of the Securities and Exchange Commission beginning in October, the agency said.

Car rental taxes collected for stadium bonds must be refunded after their use was found to violate the Arizona constitution, a Maricopa County Superior Court Judge Christopher Whitten has ruled.

Issuers in the Southwest sold $42.8 billion of municipal bonds in the first half of 2015, according to data from Thomson Reuters, a 39% year-over-year increase

The Internal Revenue Service claims that some of the bonds issued in 2013 by the Scottsdale, Ariz., Municipal Property Corp. to refinance the term of a lease for a garage are taxable.

The University of North Texas has received a clean audit after paying back $4.7 million of state funds that were improperly used for the university’s operations, according to a disclosure notice. The audit clears the way for UNT to return to the bond market.

Kansas’ sale of $1 billion of pension bonds to reduce the funding gap will fall far short of soliving the state’s long-term problem, according to Moody’s Investors Service.

Texas sales tax revenues rebounded in July after taking the first dip in 62 months in June, state Comptroller Glenn Hegar reported.