Southwest

Texas will issue $5.4 billion of tax and revenue anticipation notes to smooth cash flows to school districts in the 2015 fiscal year

The long-running power struggle at the University of Texas that led to a legislative censure of UT Regent Wallace Hall is credit negative for the UT System, according to Moody's Investors Service.

The Fannin County Public Facility Corp. in Texas has settled tax law violations with the Internal Revenue Service by agreeing to pay $1.75 million and redeem all of the outstanding bonds from the $30.78 million it issued in 2008 to finance a jail.

The largest teachers' union in Kansas is seeking to overturn provisions in the state appropriations law that strips tenured teachers of their rights to appeal firings.

Texas' largest county issued $196 million of road bonds with top ratings drawing strong demand from institutional investors.

Fort Worth will ask voters to approve using $225 million of public funds with matching private donations to build a $450 million multipurpose arena in the city's Cultural District.

Marijuana legalization has failed to live up to the hype in terms of its impact on state economies, according to the three major rating agencies.

San Antonio will close on a $233 million bond deal that includes new money and refunding after institutional investors quickly grabbed the top-rated bonds.

Texas emerged as the top state in bond volume in the first half of 2014 as issuance across the Southwest rose 1.9% compared to the same time last year, data from Thomson Reuters shows.

Revenues of $992 million surpassed those of any previous July, rising 7.4% over the same month last year, state Treasurer Ken Miller said.