Southwest

An attorney seeking to overturn a state constitutional amendment that removed the interest rate cap on Arkansas state and municipal bonds said the measure should never have been put on the November 2010 ballot.

DALLAS — Texas will leverage its strong credit to raise its reputation in higher education this week with $152 million of student loan bonds.

DALLAS - Dallas is expected to pay off the final $10.45 million installment on bonds used to build the American Airlines Center, retiring the debt 16 years ahead of schedule.

WASHINGTON — A Little Rock issuer is appealing an Internal Revenue Service ruling alleging that $3 million of its enterprise zone bonds are taxable because it violated an employment requirement.

The Houston Independent School District may join in a lawsuit against Texas over inequities in the state's school finance system, board president Paula Harris said last week at a news conference.

The state sales tax generated $1.95 billion in May, Texas Comptroller Susan Combs said last week, an increase of 10% from May 2010 collections.

Harris County has recouped the final payment from more than $300,000 it sought from five law firms over unsubstantiated travel and entertainment expenses incurred in the sale of county bonds.

Trustees of Routt County School District No. RE-2 declined to set an override election for November to increase the property tax rate.

Trustees of Maricopa County Community College District will consider a plan Tuesday night to raise property taxes to compensate for an 85% cut in state aid.

In the midst of a $1.9 billion renovation of its four original terminals, Dallas-Fort Worth International Airport will refund $112 million of revenue bonds next week for total anticipated savings of $25 million.