News and Information from Bond Buyer

Strapped for cash, the Missouri Highways and Transportation Commission is looking to private industry, entrepreneurs, and innovators to come up with ideas to upgrade a stretch of its historic Interstate 70.

The North Carolina Eastern Municipal Power Agency received the Local Government Commission’s authorization Wednesday to issue $550 million of new taxable bonds for its asset sale to Duke.

Prices of top-rated municipal bonds closed higher on Thursday, traders said, with yields on some maturities falling by as much as three basis points. In the previous three trading sessions, muni yields rose by as much as 14 basis points.

The Wayne County, Mich. board Thursday rejected a proposal to cover a court-ordered pension payment with a special property tax levy, voting instead to dip into a delinquent revolving tax fund.

Michigan lawmakers have approved a bill to fix an election snafu in Flint that wiped off every mayoral candidate off the primary ballot.

Moody's Investors Service pushed a small Ohio hospital deep into junk territory amid a variable-rate debt-driven liquidity crisis and after a proposed merger with the state's largest provider fell through.

Newly issued Treasury securities held in stripped form increased about $802 million in May to a total of $213.457 billion, the Bureau of the Public Debt reported Thursday.

Moody's Investors Service dropped Steele County, Minn.’s general obligation rating by four levels due the strain of enterprise systems and a senior living facility on its balance sheet.

Brian Sandoval, Nevada's Republican governor, overcame critics in his own party to push through a tax package that is expected to steer the state onto sounder fiscal ground.

On the heels of a proposal to expand casino gambling in New Jersey outside of Atlantic City, Hard Rock International is pitching a new gambling facility at the Meadowlands Racetrack.

The Securities and Exchange Commission's Office of Municipal Securities hired two new attorney fellows recently, the chief of that office confirmed this week.

Passing poor legislation and calling it pension reform will backfire on Pennsylvania if it does not change the underlying actuarial math, an actuary told state lawmakers.

Los Angeles Mayor Eric Garcetti tapped Oakland International Airport’s director, Deborah Ale Flint, to head Los Angeles World Airports.

Prices of top-rated municipal bonds were mostly higher at mid-session, traders said, with yields on most maturities steady to as much as three basis points lower

The Treasury Department said it will auction $13 billion 29-year, 11-month 3% bonds on June 11.

The Treasury Department said it will auction $21 billion 9-year, 11-month 2% notes on June 10.

The Treasury Department said it will auction $24 billion three-year notes on June 9.

The Treasury Department said Thursday it will auction $24 billion 91-day bills and $24 billion 182-day discount bills Monday.

Former Harrisburg, Pa., Mayor Stephen Reed, one day after agents raided his home, told reporters he has Stage 4 prostate cancer.

Illinois Gov. Bruce Rauner told his cabinet the state must prepare for operating and cash flow challenges if a stalemate over the fiscal 2016 budget isn't resolved.