News and Information from Bond Buyer

CALIFORNIA

ALABAMA

6/23/2015 6/16/2015 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 13 $139,875 18 $226,860 -86,985 Indiana 11 161,980 14 180,650 -18,670 Iowa 5 12,990 6 25,065 -12,075 Michigan 10 483,310 13 463,775 19,535 Minnesota 29 606,670 30 718,505 -111,835 Missouri 2 16,570 7 88,040 -71,470 Nebraska 1 47,645 1 47,645 0 North Dakota 1 1,980 1 7,025 -5,045 Ohio 4 87,125 5 138,285 -51,160 South Dakota 0 0 1 10,900 -10,900 Wisconsin 10 170,405 29 347,285 -176,880

Government

The Puerto Rico Electrical Power Authority announced Tuesday that it had replaced several of its leaders, including its executive director.

A Virginia judge approved a mediated deal June 22 that will keep Virginia's Briar College open for another year and release endowment funds.

Moody’s Investors Service has revised its outlook on Kansas City, Missouri’s Airport Enterprise ratings to positive thanks to recent revenue and traffic growth.

The Los Angeles Department of Water and Power signed an agreement June 21 to sell its' share in the Navajo Generating Station as part of plans to get the city off coal by 2025.

Florida Gov. Rick Scott quietly signed a $78.2 billion budget into law Tuesday, the third straight fiscal year of record spending for the Sunshine state.

Prices of top-shelf municipal bonds finished weaker on Tuesday, as several big deals came to market led by the $937 million general obligation bond deal from the state of Massachusetts ion the negotiated sector and the $172 million offering from Seattle, Wash., in the competitive arena.

Chicago’s school system is trying to avert a liquidity crisis through two short-term fixes to provide breathing room as it pursues long-term solutions to its pension and budget ills.

The traditional funded ratio of state and local pension plans rose for the first time since the financial crisis and may continue to rise in coming years, according to a new study by the Center for Retirement Research at Boston College.

Puerto Rico’s government is considering a bill that would allow postponement of monthly set-asides for long-term general obligation debt payments.

The Senate Environment and Public Work Committee’s six-year transportation proposal would provide about $43 billion a year of federal highway funding.

Tom Kozlik has resigned from Janney Capital Markets and has joined PNC.

The U.S. Conference of Mayors adopted a resolution against limiting tax-exempt bonds

New York State is releasing $75 million to accelerate resurfacing projects on roads that suffered widespread damage from a harsh winter season, Gov. Andrew Cuomo announced.

The Treasury Department Tuesday auctioned $26 billion of two-year notes with a 5/8% coupon at a 0.692% yield, a price of 99.867151.

In a new book on the city’s financial collapse, investigative reporter and author Chris Papst calls Harrisburg, Pa. a crime victim for which justice has yet to materialize.

The Treasury Department Tuesday auctioned $25 billion of 364-day bills at a 0.290% high yield, a price of 99.706778.