News and Information from Bond Buyer

A North Carolina judge has bounced the governance dispute over Charlotte Douglas International Airport back to the Federal Aviation Administration.

Standard & Poor's Ratings Services said it raised its long-term rating to A-plus from A on Boyden-Hull Community School District, Iowa's general obligation bonds.

Senior loan officers saw some slight increase in demand for real estate loans as terms eased, as well as slightly better rates and terms for auto loans, but the latest quarterly report on lending mostly showed the long trend of stagnant bank lending has continued, the Federal Reserve reported Monday.

Midwestern voters face a mix bag of bond and electoral questions Tuesday including bond referenda, and a pension measure in Cincinnati.

The Treasury Department said it expects to borrow $266 billion in the fourth quarter and end with a $140 billion cash balance.

A U.S. Department of Education's warning that California school testing legislation violates federal law is a credit negative for the state's school districts, according to Moody's Investors Service.

Dallas-Fort Worth International Airport provides a $31.6 billion economic impact to the metropolitan area, according to the University of North Texas Center of Economic Development and Research.

Secondary trading in the tax-exempt market was quiet Monday afternoon as traders looked to the primary for direction with three of the week's largest issues pricing for retail investors.

Standard & Poor's Ratings Services said it raised its long-term rating and underlying rating to AA from AA-minus on California Special District Association Finance Corporation's series 2007UU certificates of participation, issued for Montecito Sanitary District.

The California Public Employees' Retirement System lost its appeal of San Bernardino's bankruptcy, and filed an amicus brief in a separate case about the city's former redevelopment successor agency.

As voters across Colorado elect candidates and decide whether to raise $1 billion for schools Tuesday, those in 11 Colorado counties will consider whether to leave the state.

The Municipal Securities Rulemaking Board announced Monday that it has begun a multi-year campaign to expand outreach to state and local issuers, emphasizing how they can use the MSRB's EMMA website for disclosure compliance and education.

Federal Reserve Board Governor Jerome Powell said Monday that while the Fed must "moderate" its large-scale asset purchases at some point, it should do so only "gradually" and "slowly" as demand strengthens.

Public Financial Management, Inc. announced today that it has added public finance veteran Russ Branson to its San Francisco practice.

Standard & Poor's Ratings Services said it raised to BBB-plus from BBB its long-term ratings on North Texas Municipal Water District's (Sabine Creek) regional wastewater system revenue bonds and wastewater interceptor system revenue debt, issued for Royse City and Fate, Texas.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.050% high rate, up from 0.045% the prior week, and the six-months incurred a 0.085% high rate, up from 0.080% the week before.

The Federal Reserve could maintain its $85 billion in monthly bond purchases, now at a "torrid" pace, even as the job market improves, said James Bullard, president of the Federal Reserve Bank of St. Louis.

The Treasury Department said Monday it will sell $45 billion of four-week discount bills Tuesday.