News and Information from Bond Buyer

Texas will issue $5.4 billion of tax and revenue anticipation notes to smooth cash flows to school districts in the 2015 fiscal year

The long-running power struggle at the University of Texas that led to a legislative censure of UT Regent Wallace Hall is credit negative for the UT System, according to Moody's Investors Service.

The municipal market opened slowly Monday with light trading activity led by a thin new issue calendar as market participants remain starved for paper.

A new Florida coalition pledges to work on municipal pension reform because it says cities face nearly $11 billion in debt from the obligations.

Monday, August 18 Issuer St Description Amount

Monday, August 18 Issuer St Description Amount

Week Of August 18 Issuer St Description Amount

Week Of August 18 Issuer St Description Amount

Weekly Economic indicators box Day Indicator Last Report Forecast Monday NAHB Housing Index July: 53 Aug.: 53 Tuesday CPI June: +0.3% July: +0.1% Tuesday CPI Core June: +0.1% July: +0.2% Tuesday Housing Starts June: 893,000 July: 970,000 Tuesday Building Permits June: 963,000 July: 1.000M Thursday Initial Jobless Claims 8/9: 311,000 8/16: 300,000 Thursday Continuing Claims 8/2: 2.544M 8/9: 2.516M Thursday Leading Indicators June: +0.3% July: +0.6% Thursday Philly Fed Manufacturing July: 17.8 Aug.: 20.0 Thursday Existing Home Sales June: 5.040M July: 5.020M

ALABAMA

Volume will slip from last week, remaining lighter than usual, as an estimated $4.2 billion makes its way to market.

New York City's general obligation deal on Wednesday surprised the market with its popularity. Institutional normally prices the city's large issuers cheaply compared to comparables thanks to its frequent availability in the market place.

The Financial Industry Regulatory Authority censured and fined Greenwich, Conn.-based Interactive Brokers, Inc. was censured and fined $7,500 municipal securities trade reporting failures.

Loyola University Chicago has hired Robert A. Munson to serve as chief financial officer, filling a position being vacated by the retirement of Bill Laird after 11 years.

Moody's downgraded bonds sold by the Douglasville-Douglas County Water and Sewer Authority, Ga., to Aa3 from Aa2 due to weak reserves and declining consumption.

San Bernardino has reached a tentative agreement with its police union just two months after it struck an agreement with the California Public Employee's Retirement System.

The Puerto Rico Electric Power Authority put off a day of reckoning in an agreement with creditors announced Thursday, but still may be headed for what would be the largest municipal bond default in U.S. history.

The Securities and Exchange Commission is investigating West Contra Costa, Calif. United School District and its general obligation bond financings dating back to 2009.

The Senate Appropriations Committee unanimously approved AB 2235, creating a bond for $4.3 billion - less than half of the $9 billion in the original school facilities bill on Thursday.

Moody's Investors Service said it has downgraded the Philadelphia School District, Pa., to Ba3 from Ba2, affecting $3.2 billion of general obligation debt.