News and Information from Bond Buyer

New York City Comptroller Scott Stringer will host the first hearing of his new Hurricane Sandy oversight unit at 7 p.m. April 30 at The BayHouse in Breezy Point, on the Rockaway Peninsula of Queens borough.

Government

Houston plans to demolish Terminal D at Bush Intercontinental Airport and build a replacement at an estimated cost of $1.5 billion.

Municipal bond yields rose across the curve as the Federal Open Markets Committee met on Tuesday.

New Jersey Gov. Chris Christie nominated John J. Degnan to be the new chairman of the Port Authority of New York and New Jersey on Tuesday.

President Obama sent to Congress a $302 billion, four-year surface transportation funding bill that ends the prohibition on tolling existing interstate highways.

Moody's Investors Service said it made 97 upgrades in the first quarter of 2014, the most since the third quarter of 2009.

The Securities and Exchange Commission will release new rules for the reform of money market mutual funds "in the near term," although it has not decided whether they should would apply to municipal funds, SEC chairman Mary Jo White told a House panel Tuesday.

Standard & Poor's Ratings Services said it raised its long-term rating on Shelton, Conn.'s general obligation debt to AA-plus from AA.

Standard & Poor's Ratings Services said it raised its underlying rating and school issuer credit rating on Brandywine Heights Area School District, Pa.'s insured series 2011A and 2011B limited tax general obligation bonds one notch to AA-minus from A-plus.

In advance of Puerto Rico Gov. Alejandro García Padilla's budget speech Tuesday evening, analysts were hopeful that the budget would be a major step forward.

Chicago is prepping up to $1 billion of borrowing under its wastewater and water credits that have escaped the battering seen by its general obligation rating over its pension strains.

Investors said the $834.5 million Pennsylvania general obligation bonds that came to the market on Tuesday, the largest deal of the week, were priced rich.

State collections of tax revenue may have grown more slowly and personal income tax revenue collections may have even declined in the first quarter of this year based on preliminary figures obtained from 45 states, according to a report released on Tuesday.

The amount of capital appreciation bonds issued by school districts in California declined substantially in 2013 from previous years, according to the California Debt and Investment Advisory Commission.

The Treasury Department Wednesday auctioned $15 billion of two-year floating rate notes with a high discount margin of 0.069%, at a 0.069% spread, a price of par.

Moody's Investors Service said it has downgraded to B1 from Ba3 the long-term bond rating assigned to Hopkins County Hospital District, Texas's (HCHD) $22.7 million of outstanding Series 2008 fixed rate hospital revenue bonds.

S&P, in the latest bond rating company tongue-lashing to Pennsylvania over its unfunded pension liability, warned of a possible downgrade.

The Treasury Department Tuesday auctioned $25 billion of 364-day bills at a 0.105% high yield, a price of 99.893833.