News and Information from Bond Buyer

Week Of May 4 Issuer St Description Amount

Week Of May 4 Issuer St Description Amount

ILLINOIS

MISSOURI

Government

Moody’s Investors Service deemed a California appeals court ruling a credit negative and an impediment to the ability of California water suppliers to meet conservation mandates without financial repercussions, according to a report released May 3.

Rep. Tom Reed, R-N.Y., has reintroduced legislation that would increase the annual issuance limit for issuers of bank-qualified bonds to $30 million from $10 million.

In the biggest month of the year for revenue, Arkansas reported a 6.4% increase compared to the same month last year, with fiscal year income 3.9% above forecast.

The North Carolina DOT picked a consortium headed by Cintra Infraestructuras S.A. to build a 26-mile express toll lane project.

With its triple-A ratings solidly intact, Utah claimed $16 million of interest savings on two issues worth $220 million that priced competitively last month, officials said.

Texas lawmakers are making another attempt to put limits on or bar capital appreciation bonds as their 2015 session enters its final month.

Competing with Texas for the right to store high-level radioactive waste from other states, New Mexico Gov. Susana Martinez says her state deserves top consideration.

The chairman of the Metropolitan Transportation Authority wants New York City to ramp up its contribution to the transit agency.

A sentencing recommendation of 15 years in prison for former Arkansas Treasurer Martha Shoffner prompts an objection from her lawyer.

Maine Gov. Paul LePage is pushing a bill that would eliminate the state's income tax, a move that would lead to more than a $1 billion revenue loss for the state.

Standard & Poor's upgraded Jefferson County, Ala.'s limited-obligation school warrants two notches to A-minus from BBB.

Sens. Ron Wyden, D-Ore. and John Hoeven, R-N.D., on Monday introduced legislation that would create Move America Bonds, which would generally be treated as exempt-facility, private-activity bonds but would have fewer restrictions and separate state volume caps that could be converted into tax credit allocations.

Prices of top-rated municipal bonds finished mixed on Monday, as trading was expected to remain subdued this week ahead of Friday's release of the April employment report.

A federal lawsuit seeks to stop Ohio from using toll revenue from the Ohio Turnpike to finance non-turnpike related highway projects.

Indiana Gov. Mike Pence has tapped Dennis Bassett, former Bank One managing director and the state's financial institutions director, as head of public finance.