Southwest

DALLAS — Arizona has used an entire $700 million line of credit advanced two weeks ago by Bank of America, forcing the state to borrow $73 million from itself to make a scheduled payment of aid to local school districts.

DALLAS — Two university systems based in Denton, Tex., will use more than $180 million of bond proceeds for new facilities, including a satellite campus in Dallas 35 miles to the south.

DALLAS — Oklahoma County Independent School District No. 1 will exhaust a 2007 authorization and sell the first bonds from a successful November election with today’s competitive sale of $15.5 million of general obligation bonds.

DALLAS — New economic reality may alter the current financial plan for the Denver area’s $6.2 billion FasTracks transportation project, a consultant’s report suggests.

Stifel, Nicolaus & Co., currently ranked 15th senior manager in the country, according to Thomson Reuters, announced Monday that veteran banker Alan W. Murphy has joined the firm to oversee its competitive underwriting efforts.

DALLAS — A team of developers will receive the proceeds of $400 million of private-activity bonds this month to finance one of the most ambitious public-private toll operations in Texas: a $2 billion project known as the North Tarrant Express.

DALLAS — Faced with an unprecedented decline in tax revenue, Kansas Gov. Mark Parkinson on Monday slashed almost $260 million from the state’s fiscal 2010 budget.

DALLAS — School districts in Texas are seeing some green shoots after weathering nearly an entire year without the state’s Permanent School Fund backing for their bonds.

DALLAS — For the first time in its history, Arizona is turning to outside lenders for up to $700 million to cover operating costs, Treasurer Dean Martin said yesterday.

DALLAS — For the fourth time this year, Arizona Gov. Jan Brewer is calling the Legislature back into special session to reduce the nearly $2 billion budget deficit.