Southwest

A private corporation that sought to build a toll road east of Dallas would lose its power to condemn land through eminent domain under a bill introduced by State Rep. Cindy Burkett.

The Texas Senate's version of a $205.1 billion biennial budget includes $4 billion for tax cuts, despite uncertainty over revenues in a weakening economy.

Squeezing institutional and retail pricing into one day because of an approaching blizzard, the Utah Transit Authority captured record savings on the largest deal in its history.

Standard & Poor's lowered the outlook on Arizona State University's AA rating based on prospects for increased debt issuance over the next two years, the agency said.

Moody's Investors Service downgraded healthcare giant Catholic Health Inititiatives to A2 from A1 after a year of declining operating performance.

The Republican-controlled Utah Legislature is considering an increase in the gasoline tax to close an $11.3 billion funding gap for transportation through 2040.

Utah Transit Authority is pricing the largest deal in its history with $831.6 million of bonds designed to smooth debt service through the end of this decade.

The San Antonio Water System will lower its debt by $46.9 million through a $303 million deal that combined new money and refunding.

Moody's Investors Service raised the Harris County Houston Sports Authority's subordinate debt to investment grade after settlement of a lawsuit with its bond insurer and financial restructuring.

The Texas Department of Transportation saved $380 million in net present value, or 21% of its refunded debt, through a $1.68 billion toll bond issue, officials said.