News and Information from Bond Buyer

Illinois released new pools of underwriting, financial advisory, and legal firms for bond sales over the next two years with the most notable change being the state's selection of a new sole bond and disclosure counsel.

Jan. 14, 2014 Southwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Arizona Aa3/AA+/NR 0.27 1.42 2.96 4.33 Arkansas Aa1/AA/NR 0.17 1.2 2.74 4.11 Colorado Aa1/AA/NR 0.19 1.31 2.86 4.26 Kansas Aa1/AA+/NR 0.17 1.21 2.75 4.15 New Mexico Aaa/AA+/NR 0.17 1.22 2.76 4.15 Oklahoma Aa2/AA+/AA+ 0.19 1.32 2.86 4.25 Texas Aaa/AAA/AAA 0.17 1.19 2.68 4.07 Utah Aaa/AAA/AAA 0.17 1.17 2.64 4.01

1/13/2014 1/6/2014 State Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Arizona 9 $551,595 5 $365,175 $186,420 Arkansas 2 37,710 1 6,390 31,320 Colorado 1 13,000 2 14,750 -1,750 Kansas 7 203,672 3 152,402 51,270 New Mexico 1 3,500 0 0 3,500 Oklahoma 10 62,715 3 5,880 56,835 Texas 33 931,667 24 882,021 49,646 Utah 1 29,000 1 29,000 0

Tuesday, January 14 Issuer St Description Amount

Tuesday, January 14 Issuer St Description Amount

Week Of January 13 Issuer St Description Amount

Indicator Last Report Forecast Actual Treasury Budget Nov.: -$135.2B Dec.: +$44.0B Dec.: +$53.2B

ILLINOIS

MISSOURI

Congress should reexamine the Tower Amendment to see if the Securities and Exchange Commission should get the ability to require municipal bond issuers to comply with more disclosure requirements and robust accounting standards, the State Budget Crisis Task Force recommended Tuesday in its final report.

California's Legislative Analyst's Office said Gov. Jerry Brown's proposed budget would set the state on even stronger fiscal footing and continue its budgetary progress.

The final federal hurdle – Internal Revenue Service approval -- has been cleared in securing recovery zone bonds for financing the complete construction of the 80-story 3 World Trade Center in downtown Manhattan, U.S. Senator Charles Schumer announced.

California Assemblyman Jeff Gorell, R-Camarillo, has filed paperwork for a ballot measure that would prohibit the sale of voter-approved bonds for the state's high speed rail project.

Municipal bond yields pushed lower Monday amid moderate trading in the secondary, a sixth day of gains.

The Internal Revenue Service has closed an audit of $21.13 million of tax-exempt contract revenue refunding bonds issued by the Canyon Regional Water Authority in Texas in 2006 with no change to the bonds' tax-exempt status. However, it advised the authority that it had not completely filled out an IRS form.

Government

Cozen O'Connor, one of the law firms that represented the Commonwealth of Pennsylvania in its winning case against the City of Harrisburg's bankruptcy petition, added a Midwest-based lawyer to its public finance team.

Steven Rhodes, judge in the Detroit bankruptcy case, will rule Thursday afternoon on whether to accept or reject the city's controversial settlement with its interest-rate swap counterparties.

Illinois finance officials plan to hit the road later this month to meet with investors and rating analysts ahead of a $1 billion general obligation sale set for early next month.

The Securities and Exchange Commission announced Monday that compliance with the final municipal advisor registration rules will not be required until July 1, the date on which the first set of municipal advisors will be required to register under the final rules.