Southwest

DALLAS — Colorado Springs is preparing to sell $477 million of utility system revenue bonds that will include refunding and new money for a 62-mile water pipeline called the Southern Delivery System.

DALLAS — Denver Public Schools officials are defending a 2008 derivatives deal amid accusations that the district took unnecessary risks that cost millions of dollars and harmed its ability to hire teachers.

DALLAS — Bondholders are trying to find out what happened to a $200,000 debt-service reserve fund discovered missing when a north Texas issuer defaulted on $4 million of bonds used to purchase three retirement facilities.

The Internal Revenue Service has initiated an audit of $21.8 million of tax refunding bonds issued in 2005 by the Uvalde, Tex., Consolidated School District.

DALLAS — Volume of issuance in the Southwest fell 4.9% in the first half of the year, despite support from the Build America Bond program and the return of the Permanent School Fund bond guarantee in Texas.

DALLAS — Austin Bergstrom International Airport’s Hilton hotel faces a deepening financial hole in the wake of a series of defaults on $49 million of revenue bonds, according to a recent audit.

DALLAS — Austin voters will decide in November on $90 million of general obligation bonds devoted to transportation efforts following unanimous action by the City Council.

DALLAS — Glendale, Ariz., and the National Hockey League are considering new offers for the Phoenix Coyotes after a deal to keep the team playing in the city’s bond-financed arena hit a roadblock, according to reports.

DALLAS — The Austin Independent School District will current refund its outstanding commercial paper notes with proceeds from Tuesday’s negotiated $75.8 million bond sale.

DALLAS — Moody’s Investors Service restored Texas Southern University’s credit to investment grade Tuesday as the historically black school continued its recovery from a financial scandal that threatened its accreditation with the Southern Association of Colleges and Schools.