News and Information from Bond Buyer

Week Of June 13 Issuer St Description Amount

6/13/2016 6/6/2016 State Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Arizona 4 $119,580 7 $410,600 -$291,020 Arkansas 5 17,450 7 49,280 -31,830 Colorado 0 0 3 45,640 -45,640 Kansas 8 37,995 12 144,345 -106,350 New Mexico 2 29,565 1 5,165 24,400 Oklahoma 7 81,930 18 17,495 64,435 Texas 38 880,222 37 1,623,890 -743,668 Utah 3 171,620 2 56,000 115,620

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MASSACHUSETTS

Government

New York State’s $178 billion pension fund had its worst fiscal year since the Great Recession, Comptroller Thomas DiNapoli announced Monday.

Puerto Rico’s legislature may be poised to pass a bill to help the Puerto Rico Aqueduct and Sewer Authority sell as much as $900 million of bonds.

Florida Gov. Rick Scott has appointed nine people, including six top level state employees, to take charge of Opa-locka’s finances while the city is in a state of financial emergency.

The University of Michigan will sell $300 million of high grade commercial paper next week to fund ongoing capital projects and refund debt.

The Treasury Department has determined that $385,118 of taxable general obligation qualified zone academy bonds issued by a Missouri school district in 2012 do not qualify for refundable tax credits.

The California legislature will vote Wednesday on whether to approve a compromise legislative leaders reached on the state’s proposed $169.3 billion budget.

A Florida court has denied Indian River County’s quest to block a state-created conduit issuer from selling $1.75 billion of tax exempt bonds for All Aboard Florida’s planned private passenger rail project.

Top-rated municipal bonds finished steady to stronger on Monday, according to traders, who are preparing for a week which includes a manageable supply slate, near record low muni yields and a meeting of the Federal Reserve.

In a first of a kind case, two California-based municipal advisory firms and their executives agreed to pay a total of $200,000 to settle Securities and Exchange Commission charges that they used deceptive business practices in dealing with five school districts.

Oklahoma’s recently enacted budget offers positive credit factors for public schools but negative factors for higher education and the state itself, according to Moody’s Investors Service.

Atlantic City has hired McManimon Scotland & Baumann as bond counsel in an effort to avoid a state takeover.

Mesirow Financial has appointed Blake Anderson to a newly-created position leading client portfolio strategy in its institutional sales and trading group.

The San Francisco Bay Area Rapid Transit District Board of Directors has voted unanimously to place a $3.5 billion general obligation bond measure on the November ballot.

Attorney Robert W. Cook has been tapped by the Financial Industry Regulatory Authority’s board of governors to become chief executive officer of FINRA during the second half of the year.

Top-rated municipal bonds were steady to stronger at mid-session, according to traders, who are preparing for the start of a week which includes a manageable supply slate and a meeting of the Federal Reserve.