Southwest

DALLAS — The Oklahoma Council of Bond Oversight approved a $26 million state bond issue for dam improvements near Tulsa in a special session Thursday after earlier postponing a decision.

DALLAS — With Arizona's revenues and economy steadily improving, Moody's Investors Service has revised its outlook on the state's Aa3 issuer credit rating to stable from negative.

CHICAGO — Chicago-based Loop Capital Markets LLC has opened a public finance office in Little Rock, Ark., the first in a series of new regions it hopes to establish a presence in this year as it extends its reach from major metropolitan areas to smaller urban markets.

WASHINGTON — As part of its initiative to gauge compliance with arbitrage requirements, the Internal Revenue Service is auditing $43.45 million of Series 2006 general obligation refunding bonds that were issued by the St. Vrain Valley, Colo., School District in April 2006 to advance refund its Series 1997 bonds.

DALLAS — The two primary sources of revenue for Texas — property value and sales — both rebounded in 2011, according to state Comptroller Susan Combs.

DALLAS — The Dallas City Council on Wednesday postponed a decision on whether to create a conduit issuer that could issue tax-exempt revenue bonds to finance the expansion of a charter school chain.

Oklahoma Gov. Mary Fallin asked lawmakers Monday to approve a bond issue to repair the deteriorating state capitol in Oklahoma City.

With its major tenant, American Airlines, in bankruptcy, Dallas-Fort Worth International Airport is taking advantage of low interest rates and a favorable tax ruling in a $450 million refunding.

Moody’s Investors Service affirmed its Aa2 ratings and stable outlook on Oklahoma’s $222.5 million of general obligation debt.

Sen. Harry Coates, R-Seminole, said lawmakers need to do their duty and authorize bonds to repair the Oklahoma State Capitol without waiting for a popular vote in November.