News and Information from Bond Buyer

Texas lawmakers rejected new P3s that would have brought billions of dollars of highway investments.

The Government Development Bank for Puerto Rico reached a deal with its creditors to restructure its $4.1 billion in debts.

The Treasury Department said Monday it will sell $55 billion of four-week discount bills Tuesday.

Municipal market participants are ready for another busy week, with volume exceeding $8 billion for the second consecutive week, something that has not happened for a while.

Builders’ confidence in the market for new single-family homes climbed as the National Association of Home Builders' housing market index grew to 70 in May from 68 in April.

With comments on the SEC’s proposal to add two new event notices to 15c2-12 rule due soon, market participants have been reacting negatively, saying the changes will add unnecessary burdens for issuers and dealers.

The Empire State Manufacturing Survey showed "business activity leveled off in New York State," the Federal Reserve Bank of New York reported Monday, as the general business conditions index decreased to negative 1.0 in May from positive 5.2 in April.

Chicago Mayor Rahm Emanuel's budget director, Alexandra Holt, will leave the post after six years.

Passage of tax levies represents a credit-positive development for 21 Ohio cities and school districts.

Municipal market participants are set for a second week of issuance greater than $8 billion amid a surge in demand.

Colorado Gov. John Hickenlooper may call lawmakers back to reconsider a transportation bill.

Build America Mutual reported a jump in claims-paying resources and statutory comprehensive income in the first quarter as well as a smaller statutory loss than in the past.

New Jersey received final bonding approval on a large-scale state house renovation project.

A Georgia hospital system's bankruptcy could give bondholders a big haircut.

Arizona's new budget could allow $1 billion in new bonding for higher education.

New York City Comptroller Scott M. Stringer called for the creation of a public-private NYC Citizenship Fund to help legal immigrants cover the cost of the federal application to become U.S. citizens.

Maryland Gov. Hogan is asking the state attorney general to force a federal judge to rule in lawsuit that is delaying $5.6 billion Purple Line P3.

Connecticut received a push out of double-A territory, as Fitch Ratings dropped it to A-plus.

Having a positive view of the economy, Federal Reserve Bank of Philadelphia President and CEO Patrick T. Harker said Friday he expects two more rate increases this year.

Municipal bonds were stronger at mid-session, according to traders, who were looking ahead to next week’s still healthy new issue calendar, which is estimated at $8.79 billion.