Southwest

Less than a month after voters approved a record $748 million of bonds, the Katy Independent School District near Houston will refund $139 million of previously issued debt with a boost in its underlying credit rating.

A registered investment advisor who worked with Texas Attorney General-elect Ken Paxton could lose his securities license after a hearing Jan. 27. Paxton was fined and reprimanded for violating state securities laws in directing business to Mowery.

Dallas Independent School District joins the year-end parade to the refunding market with $222.6 million of bonds expected to price Dec. 2

Lower oil prices may cause a $100 million adjustment in New Mexico's revenue forecast for the next fiscal year, a state official said.

University of Houston president and chancellor Renu Khator will become chair of the Federal Reserve Bank of Dallas in 2015. Khator will be replaced as deputy chair by BNSF Railway Co. executive chairman Matthew K. Rose.

Denver International Airport's South Terminal hotel will cost no more than $600 million after a series of overruns ballooned the budget beyond its original $500 million, DIA chief executive Kim Day told the City Audit Committee on Nov. 20.

The University of Arkansas Board of Regents will look for savings with a $90 million refunding of bonds issued in 2006 for the medical school.

Texas Children's Hospital plans to add a 19-story tower to its Texas Medical Center campus in Houston as part of a $475 million expansion plan.

San Antonio has agreed to make $43 million of improvements to the 21-year-old Alamodome stadium in its winning bid to host the 2018 NCAA Final Four men's basketball tournament.

The Arizona Transportation Board will enter rush-hour traffic to the refunding market this week with a $457 million issue expected to bring net present value savings of better than 5%.