News and Information from Bond Buyer

Week Of September 29 Issuer St Description Amount

ARKANSAS

ALABAMA

Detroit officials regained control of most government functions, while remaining under state-controlled emergency management, after the city council late Thursday adopted a resolution that keeps Kevyn Orr on as manager with reduced powers until the bankruptcy is over.

The weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell four basis points the week of Sept. 25 to 4.42%.

Government

The newly issued New York City Sales Tax Asset Receivable Corporation topped trading lists by midday Thursday, driving yields down as much as 14 basis points from their original yield offerings.

Colorado State University has fallen short of the $110 million of donations required for building a new football stadium, according to CSU president Tony Frank.

Chicago officials said the city's O'Hare International Airport is on pace to reclaim the title of the world's busiest airport by flights, a title it ceded a decade ago to Atlanta's Hartsfield-Jackson Memorial Airport.

Redesigning local waste collection would save New York City about $300 million per year long term, said the Citizens Budget Commission watchdog group.

The bank liquidity rule is more likely to drive up the costs of investments than infrastructure development for state and local governments, according to a Wells Fargo Securities research report.

Moberly, Missouri has adopted new debt management policies as it seeks to repair its junk bond credit bruised over a failure to make good on bonds sold for a troubled artificial sweetener construction project.

The University of North Texas should have known that it was receiving excessive reimbursement from the state and should repay at least $75.6 million over 10 years, according to a state audit.

Batavia, Ill., officials plan to ask the Illinois Attorney General Lisa Madigan's office to examine the city's 2007 decision to purchase power from the controversial bond-financed, coal-fired Prairie State Energy Campus.

Growth in Florida's property insurance market will allow Citizens Property Insurance to defease $418 million in debt two years early.

The Government Finance Officers Association has adopted best practices to help issuers hire brokers to invest their bond proceeds under the municipal advisor rule, and to improve the valuation of pension plans.

California's Department of Water Resources is planning to sell $625 million of water revenue bonds to refund a portion of its outstanding bonds for debt service savings.

A day after Michigan gave a $2.6 million loan to the city of Allen Park, Gov. Rick Snyder declared that the Detroit suburb's financial emergency is resolved, allowing the city's emergency manager, Joyce Parker, to formally step aside.

Green muni bond underwriters are stepping up marketing, with a focus on retail clients, as they compete for a share of the fledgling market.