Southwest

The Oklahoma Legislature will be asked to authorize $42.5 million of state bonds to build a proposed popular culture museum in Tulsa.

Standard & Poor's shifted its outlook to stable from negative as the Arizona Transportation Board plans to issue $712 million of revenue bonds after the first of the year.

The Texas State Comptroller’s Office has approved a payment of $29.3 million from the Major Events Trust Fund to organizers of November’s Formula One car race near Austin.

Tulsa County Independent School District No. 1 may ask voters for a general obligation bond authorization that would focus on education technology.

The University of Kansas will ask the 2013 Legislature for $30 million of 10-year bonds to help build a $75 million facility in Kansas City.

Legislative changes in the Arkansas tax code on how school taxes are collected and distributed could allow moving excess collections from property-rich school districts to less-wealthy ones.

The Phoenix City Council adopted a one-year tax on local hospitals to generate up to $130 million a year as matching funds for federal healthcare.

Bexar County called on Frost Bank of San Antonio to underwrite $128 million of tax-exempt debt in a deal designed to enhance the city's convention and tourism venues while raising the hometown bank's profile in the muni bond industry.

Glendale, Ariz., took a second downgrade on its general obligation bonds Wednesday as the Phoenix suburb refunded $239.9 million of debt issued for professional sports facilities.

Texas sales tax collections in the first quarter of fiscal 2013 were up 11% from the same period of fiscal 2012.