News and Information from Bond Buyer

Week Of October 19 Issuer St Description Amount

ARKANSAS

10/20/2015 10/13/2015 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 8 $50,055 10 $148,560 -$98,505 Indiana 13 30,310 6 25,015 5,295 Iowa 10 79,425 8 78,340 1,085 Michigan 5 22,530 9 138,920 -116,390 Minnesota 34 333,285 35 327,845 5,440 Missouri 7 248,585 5 84,900 163,685 Nebraska 0 0 0 0 0 North Dakota 3 86,385 7 89,460 -3,075 Ohio 2 366,000 5 129,814 236,186 South Dakota 0 0 1 176,160 -176,160 Wisconsin 11 43,605 15 100,435 -56,830

The National Association of State Treasurers passed a resolution crafted by Rhode Island Treasurer Seth Magaziner that called for greater transparency of private equity investments.

Palm Beach County, Fla., will issue up to $133 million of revenue bonds to help finance a new spring training stadium for the Houston Astros and Washington Nationals.

Government

South Carolina’s Tuomey Healthcare System has negotiated a reduced settlement of $72.4 million with the Justice Department for filing 21,000 false Medicare claims.

Investors should brace for further deterioration of Illinois’ already battered bond ratings after this week’s Fitch Ratings downgrade.

Prices of top-quality municipal bonds finished weaker on Tuesday, traders said, as some large new deals hit the market from California and Ohio.

Puerto Rico’s unemployment rate fell to the lowest level in seven years and three months in September.

The San Diego City Council approved Mayor Kevin Faulconer’s plan to streamline the bidding process on infrastructure projects.

The Municipal Securities Rulemaking Board is extending the date for comments on its recently proposed markup disclosure rule while an industry group wants the board to delay the implementation deadline for its best execution rule.

States will be hard-pressed to maintain their credit quality if they attempt to fund infrastructure needs solely through traditional tax-exempt debt financing, Standard & Poor’s said in a new report.

Michigan Gov. Rick Snyder says his $715 million restructuring plan for Detroit’s school system is less expensive for the state than doing nothing.

The House is scheduled to vote Wednesday on a bill that would prevent the United States from defaulting on Treasury Securities held by investors in the event the debt limit is reached.

Prices of top-quality municipal bonds weakened at mid-session, traders said, as some large new deals hit the market from California and Ohio.

New Jersey school districts could face higher credit risks from fixes for the state’s “chronic teacher pension underfunding”, according to Moody’s Investors Service.

New York City’s $13.8 billion annual procurement budget largely shuts out women- and minority-owned firms, said city Comptroller Scott Stringer.

The Treasury Department Tuesday auctioned $5 billion of four-week bills at a 0.120% high yield, a price of 99.990667.

Indicator Last Report Forecast Actual Housing Starts Aug.: 1.132M Sept.: 1.150M Sept.: 1.206M Building Permits Aug.: 1.161M Sept.: 1.170M Sept.: 1.103M