News and Information from Bond Buyer

Alaska Gov. Bill Walker said he will not introduce a bill to impose a property tax on natural gas leases in major reserve areas after receiving written assurances from two industry giants that they will make available their share of Alaska’s North Slope gas to a future gas pipeline project.

The House could vote as early as Tuesday on a 22-day extension of federal transportation funding to avoid a Oct. 29 expiration date.

Voters in Louisiana rejected a plan to boost transportation funding at the expense of the state's rainy day fund.

The developers of a $2.8 billion Indiana fertilizer plant will remarket $1.26 billion of debt as they continue trying to finalize project details they have to nail down before they can roll the securities into a long-term structure.

San Antonio’s CPS Energy, one of the nation’s largest public power utilities, plans to price about $435 million of bonds in its only new money deal of the year.

Prices of top-quality municipal bonds were stronger at mid-session, according to traders, with yields weakening by as much as one basis point.

The Municipal Securities Rulemaking Board may be able to publish guidance on its best execution rule as early as next month, MSRB officials said Monday.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.020% high rate, up from 0.015% the prior week, and the six-months incurred a 0.155% high rate, up from 0.110% the week before.

The proposed legislation doesn’t radically alter Michigan law for the benefit of bondholders.

Puerto Rico Secretary of State David Bernier resigned Sunday, possibly indicating that he will run to be the next Puerto Rico governor and the current governor will not run.

The Treasury Department said Monday it will sell $5 billion of four-week discount bills Tuesday.

Texas factory activity, as measured by the production index, “increased in October after nine months of flat or declining output,” according to the monthly business activity survey conducted by the Federal Reserve Bank of Dallas, released Monday.

Sales of new single-family homes plunged 11.5% to a 468,000 seasonally adjusted annual rate in September, according to data released by the Commerce Department Monday.

Failure to raise the U.S. government's (Aaa stable) statutory debt limit before the Treasury has exhausted the "extraordinary measures" that it is using to fund the government's spending, does not mean that the U.S. is about to default on its debt, Moody's Investors Service says.

E. Virgil Conway, who was a chairman of New York’s Metropolitan Transportation Authority and a member of the MTA Board, died Oct. 21 in Southampton, N.Y. He was 85.

The municipal bond market was preparing for the start of the week’s new issue action, which is divided up into pre-FOMC and post-FOMC.

Standard & Poor's Ratings Services said it raised its long term and underlying rating to AA from AA-minus on the Board of Trustees of the University of Alabama outstanding general revenue bonds issued on behalf of the University of Alabama.

Oct. 26, 2015 Northeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Connecticut Aa3/AA/AA 0.3 1.52 2.46 3.53 Delaware Aaa/AAA/AAA 0.21 1.19 2 3.04 Maine Aa2/AA/AA 0.24 1.27 2.1 3.15 Maryland Aaa/AAA/AAA 0.23 1.23 2.06 3.05 Massachusetts Aa1/AA+/AA+ 0.26 1.25 2.16 3.22 New Hampshire Aa1/AA/AA+ 0.24 1.26 2.1 3.17 New Jersey A1/A/A 0.58 2.05 2.96 4 New York Aa1/AA+/AA+ 0.23 1.21 2.06 3.22 Pennsylvania Aa3/AA+/AA+ 0.43 1.6 2.51 3.57 Rhode Island Aa2/AA/AA 0.31 1.43 2.36 3.4 Vermont Aaa/AA+/AAA 0.23 1.21 2.04 3.08 Dist. of Columbia Aa1/AA/AA 0.27 1.32 2.21 3.28 Puerto Rico Caa3/CC/CC 13.23 11.8 11.11 8.65

10/23/2015 10/16/2015 State # Iss Amount ($000s) # Iss Amount ($000s) Chg in Amt ($000s) Connecticut 3 $71,535 4 $106,385 -$34,850 Delaware 0 0 0 0 0 Maine 1 21,580 5 105,700 -84,120 Maryland 0 0 1 19,770 -19,770 Massachusetts 4 103,825 2 54,700 49,125 New Hampshire 0 0 0 0 0 New Jersey 3 12,772 4 772,630 -759,858 New York 15 919,745 16 2,327,230 -1,407,485 Pennsylvania 8 64,255 8 311,680 -247,425 Rhode Island 1 6,830 0 0 6,830 Vermont 0 0 1 18,255 -18,255 District of Columbia 1 97,745 1 97,745 0 Puerto Rico 1 750,000 1 750,000 0

Monday, October 26 Issuer St Description Amount