Southwest

IDE Technologies proposed a privately financed project to bolster Arizona's water supply by delivering desalinated water from Mexico to the state via a pipeline.

Arkansas, Louisiana, and Oklahoma will submit an application to the U.S. Department of Energy for their HALO Hub, which involves public-private partnerships.

State agencies expect to issue about $14.42 billion of debt during the fiscal year that began Sept. 1.

Oil and natural gas-related taxes and payments are driving projected increases in the state's general fund and stirring concerns about a future revenue drop.

Arizona's second-largest city reported general fund surpluses in recent years, easing structural budget balance concerns that weighed on its ratings, Fitch said.

The highly-rated city wants to pursue general obligation bond programs every five years to fund capital projects for its growing population.

A previous measure prohibiting government contracts with companies that "discriminate" against the firearm industry fell short of passing the 2022 legislature.

The Texas Attorney General's Office will announce by Jan. 13 whether Citigroup can continue to underwrite municipal bonds in the state under a 2021 law that prohibits contracts with companies that "discriminate" against the firearm industry.

The Oklahoma Supreme Court will determine if bonds to initially fund a turnpike extension project are valid under state law.

After an error in property valuation led to a $10.3 million revenue shortfall, Pearland, Texas, officials approved plans to restructure debt and help balance its fiscal 2023 budget.