Southwest

DALLAS - The Arkansas Supreme Court on Thursday upheld a voter-approved constitutional amendment that eliminated the interest cap on state and local bonds.

DALLAS - Texas Gov. Rick Perry has signed legislation designed to help commuter rail districts raise money across jurisdictional lines for bond-funded projects.

DALLAS - The financial trouble surrounding Glendale, Ariz.'s $180 million bond-financed hockey arena appears to be worsening as the adjoining Westgate City Center retail and entertainment complex faces the threat of foreclosure.

DALLAS — The Arkansas Trucking Association has withdrawn its support for a proposed increase of the state diesel tax to support $1.1 billion of bonds for interstate highway projects.

The Internal Revenue Service has completed a routine audit of $250 million of Build America Bonds issued by Denver School District No. 1, with no change to the subsidy payments the issuer receives from the federal government.

DALLAS - Texas Gov. Rick Perry signed a two-year, $172.3 billion state budget Friday, but lawmakers continue work on two bills to finance the spending plan.

DALLAS - Amid prolonged uncertainty and threats of a lawsuit, Glendale, Ariz., has called off plans to issue $100 million of certificates of participation to finance the sale of the National Hockey League's Phoenix Coyotes to private investor Matthew Hulsizer.

Port of Houston Authority officials said last week construction of a cruise ship terminal in Pasadena cost $108.4 million rather than the previously announced $71 million.

A $596 million general obligation bond issue outlined to the San Antonio City Council last week would fund infrastructure projects across the city as well as large, high-impact civic efforts.

Strong revenues over the last few months will help put more than the expected $71 million into Oklahoma’s rainy-day fund, which now contains a total of $2.03.