Southwest

The Texas Transportation Commission is pricing its largest general obligation bond issue of the year Tuesday, with $839.3 million of tax-exempt debt selling through negotiation and $100 million of taxable bonds offered competitively.

Texas Lt. Gov. David Dewhurst said a state water infrastructure bond bank financed with $1 billion from the $8 billion Rainy Day Fund could help meet demand from a growing population.

The South Texas Higher Education Authority is the latest student loan bond issuer to enter into a voluntary closing agreement program with the Internal Revenue Service.

The Glendale, Ariz. City Council approved a $308 million, 20-year management agreement to keep the NHL's Phoenix Coyotes in the city's bond-financed Jobing.com Arena.

Utah Charter School Finance Authority will price $17.8 million of revenue bonds for Ogden Preparatory Academy under a new program that allows the state to back the issue with its moral pledge.

An estimated $1.65 billion of industrial revenue bonds to link the nation's three major power grids will bear the name of Clovis, N.M., but the town will carry no risk if the project falters, officials say.

Williamson County, Texas commissioners last week authorized the use $36 million remaining from a $228 million road bond program approved by voters in 2006.

Round Rock, Texas City Council approved a $14.5 million construction contract last week for an indoor sports venue being financed in part with $7.8 million of revenue bonds

Kansas legislative researchers have found eight surplus properties that could be sold for up to $2.2 million, a level that a proponent of the process said was disappointing.

Actuaries said last week the Arkansas Teacher Retirement System will need more than 100 years to pay its current unfunded liabilities of $4.4 billion, up from a 66-year projection in June 2011.