Southwest

Arkansas will pay a true interest cost of 1.62% on $225 million of grant anticipation revenue vehicle bonds priced won by JPMorgan in a competitive sale.

The University of Arkansas will use pledged athletic department revenue, largely from the football program, to support $18 million of bonds for a new academic building.

Oklahoma must reform its corporate tax incentive system before lowering the personal income tax rate, Rep. David Dank said. Failure in 2013 as in 2012 is not an option, he said.

A radioactive waste dump financed with taxable general obligation bonds in Andrews County, Texas, is beginning to produce revenue for the county and the state nine years after lawmakers authorized the controversial site.

Little Rock, Ark., voters Tuesday approved $105 million of general obligation bonds supported by a 15-year extension of a property tax. Capital improvement projects will include street and drainage work.

Dallas-Fort Worth International Airport continues its record refunding year next week with a $269 million issue that coincides with a terminal remodeling program and the bankruptcy of its major tenant.

The El Paso City Council gave preliminary approval Tuesday to a $63 million issue of certificates of obligation for a variety of capital projects. The debt will be issued in October.

Dallas/Fort Worth International Airport's board of directors approved a settlement ending its four-year royalty dispute with Chesapeake Energy Corp. over the price paid on natural gas extracted from airport property.

Moody's Investors Service on Friday downgraded Brazosport College District, Texas revenue bonds to A2 from A1 while Standard & Poor's lowered the outlook on its AA-minus rating to negative from stable.

Bond proposals and tax overrides in a high-turnout election like the Nov. 6 presidential election have a higher chance of passage than those in the typical low-turnout special election according to a Denver political science expert.