Southwest

A proposed $500 million freeway in northern Pulaski County could be funded through tolls under a plan being studied by the state and the regional planning authority.

The Texas Department of Transportation needs $4 billion from the current session of the state legislature to keep up with infrastructure needs in the rapidly growing state, officials said.

Texas colleges and universities are seeking $3.6 billion of bond authority under a bill introduced by state Sen. Judith Zaffirini. Requests for tuition revenue bonds in the previous session failed amid deep budget cuts.

El Paso, Texas, will file a bond validation lawsuit in state district court seeking an OK for its plans to issue $50.4 million of bonds for a downtown baseball stadium.

In a case with implications for the bond industry, the U.S. Supreme Court ruling could send water flowing from Oklahoma to Texas after years of battles over interstate pipelines in the drought-prone region.

Local school districts in Texas need another $1 billion from the state to pay their bills, said Shirley Beaulieu, CFO for the Texas Education Agency.

Texas lawmakers will have $101.4 billion available for their legislative session that begins Tuesday, a 12.4% increase over the previous two-year period that brought painful reductions in education spending.

Arizona State University plans to issue $112 million of revenue bonds in a deal that comes a week before the Arizona Legislature convenes to consider education spending measures.

Judson ISD is asking voters to approve an $83 million bond package on May 11 to help relieve congestion with the construction of two schools.

The 7,000 registered voters in Oklahoma’s Canadian County ISD No. 34 are deciding Tuesday, Jan. 8 on a $44.8 million bond issue after a similar measure was defeated last year.