News and Information from Bond Buyer

CALIFORNIA

The Bond Buyer's muni bond indexes were mostly stable in the week ending May 1, as Treasuries continued firming.

Municipal bond fund flows turned negative for the week ending April 30, as funds reported $26.38 million of outflows.

Government

Fitch Ratings maintained a junk rating and negative outlook on $422 million in North Las Vegas' bonds based on a tentative budget and indications that a state takeover appears unlikely in the near term.

Colorado spending will increase by about $2 billion under a $23 billion budget signed by Gov. John Hickenlooper on April 30.

A federal judge Wednesday heard arguments from Michigan attorneys defending the state's controversial emergency management law from a lawsuit that calls it unconstitutional and illegal.

Municipal market participants believe Puerto Rico Gov. Alejandro García Padilla's speech was a credit positive, but doubt it's feasible to balance the Commonwealth's budget by fiscal 2015.

Junk-rated Citrus Memorial Hospital in Florida continues to see financials decline and its ratings drop further into junk territory while its bonds continue to trade near par.

Kansas State University is launching a $65 million redesign of the north end zone of its Bill Snyder football stadium, the third phase of an expansion plan announced in 2010.

Fitch Ratings downgraded New Jersey's general obligation rating to A-plus from AA-minus on Thursday.

Fitch Ratings said it could upgrade the ratings on tax allocation bonds issued by former redevelopment agencies based on some positive effects of dissolution legislation.

Huy Fong Foods, maker of the popular Sriracha sauce with the Rooster emblem, appears to be winning a battle in the court of public opinion with Irwindale, Calif. over odor complaints.

It is virtually impossible to predict what would happen if Puerto Rico's financial situation deteriorated to the point where it could no longer repay its debts, experts on distressed municipalities said Thursday.

Approval of a $1.9 billion federal transportation loan for the $5.7 billion Silver Line rail extension to Washington's Dulles Airport is the largest ever awarded.

Citigroup won the bid for the $320 million Virginia College Building Authority deal on Thursday with a TIC of 3.037%.

Gov. Jerry Brown appeared before a special legislative committee this week to endorse his proposal for a new Rainy Day Fund for California.

Federal lawmakers' first look at so-called social impact bonds on Thursday resulted in more questions and concerns than support.

An issuer's credit health may become more important to the evaluation of special revenue bonds if Detroit impairs its water and sewer debt, Fitch Ratings said in a detailed look at how it may revise criteria after the largest municipal bankruptcy in the U.S.

Attempts by Irwindale, Calif. city leaders to address complaints about odors arising from a Huy Fong Foods plant have resulted in talk the factory could leave for greener pastures.