Southwest

The U.S. Department of Housing and Urban Development is seeking a buyer for the Lakeway Regional Medical Center after the Austin area hospital defaulted on a $164 million HUD-guaranteed mortgage.

Arizona has seen seven straight months of revenue running below forecast, according to legislative budget analysts.

New Mexico's dependence on energy revenues and government funding brings a negative outlook to the state's AA-plus rating from Standard & Poor's.

Kansas revenues came in $3.1 million above expectations in November, but the state still faces projected shortfalls of $279 million for this fiscal year and $436 million in the following year.

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.