News and Information from Bond Buyer

The Texas Department of Transportation would no longer be allowed to issue bonds backed by the Texas Mobility Fund under legislation approved by the state House.

New Jersey Gov. Chris Christie has announced a $202 million resiliency project aimed at bolstering storm protection for Union Beach, N.J.

Louisiana Gov. Bobby Jindal is urging lawmakers to adopt his plan to securitize the remaining 40% of the state’s tobacco revenues from the Master Settlement Agreement.

The Standard & Poor’s outlook on Lubbock Christian University’s BBB rating has shifted to negative amid falling enrollment and dependence on tuition.

The National Association of Bond Lawyers would like to see several items on the Treasury Department’s and Internal Revenue Service’s 2015-2016 guidance plan, including guidance on reissuance, management contracts and issue price.

Two divisions of Morgan Stanley have agreed to be censured and pay $675,000 to settle Financial Industry Regulatory Authority charges that the dealers misrepresented taxable municipal bond interest paid to customers as tax-exempt.

Prices of top-shelf municipal bonds were stronger at mid-session, traders said, with yields on some longer-dated maturities falling by as much as two basis points.

A pension-benefit compromise could help Gov. Gina Raimondo fulfill her goal of changing perceptions of Rhode Island.

Municipal bond market traders on Friday were looking ahead of next week’s new issue slate, which is topped off by issuers from New York and New Jersey.

ARKANSAS

ARIZONA

4/9/2015 4/2/2015 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000) Alaska 0 $0 0 $0 $0 California 23 912,190 28 2,192,935 ?1,280,745 Hawaii 0 0 0 0 0 Idaho 0 0 2 48,310 ?48,310 Montana 1 9,765 1 9,765 0 Nevada 1 30,000 0 0 30,000 Oregon 7 379,600 2 45,810 333,790 Washington 4 86,400 5 29,985 56,415 Wyoming 0 0 0 0 0

Friday, April 10 Issuer St Description Amount

Friday, April 10 Issuer St Description Amount

Apr. 10, 2015 Far West: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alaska Aaa/AAA/AAA 0.19 1.26 2.03 2.86 California Aa3/A/A 0.22 1.35 2.25 3.15 Hawaii Aa2/AA/AA 0.22 1.34 2.12 3.01 Idaho Aa1/AA+/AA+ 0.19 1.32 2.12 3 Montana Aa1/AA/AA+ 0.19 1.31 2.13 3.02 Nevada Aa2/AA/AA+ 0.22 1.4 2.18 3.07 Oregon Aa1/AA+/AA+ 0.19 1.27 2.04 2.94 Washington Aa1/AA+/AA+ 0.21 1.34 2.18 3.09 Wyoming NR/AAA/NR 0.19 1.3 2.04 2.91

Week Of April 13 Issuer St Description Amount

Friday, April 10 Issuer St Description Amount

The Puerto Rico Electric Power Authority's chief restructuring officer, Lisa Donahue, is optimistic that an agreement can be reached with its creditors.

Government