News and Information from Bond Buyer

Arizona governor Doug Ducey has standing to sue the U.S. Treasury, his office told a federal court, after the federal agency moved to dismiss a suit brought after it warned that federal pandemic funds shouldn’t be used to undermine federal mask and school mandates.

The new academic center housed at the University of Maryland is developing P3 industry standards and a peer exchange program for state infrastructure czars.

After a four-year absence, Utah’s Intermountain Power Agency returns to the municipal market with nearly $552 million of power supply revenue bonds.

Columbus is offering $423 million to municipal bond investors in a mix of new money, refunding, tax-exempt and taxable debt.

The new-issue calendar tops $9 billion led by $3 billion taxable and tax-exempts from University of California Regents, a $1 billion plus healthcare deal from Michigan and $1.35 billion of GOs from Washington State.

The legislation proposed by Gov. Charlie Baker includes more than $1.3 billion in capital bond authorizations.

Credits affected include $766 million of outstanding ad valorem tax bonds, rated AA-minus and $79 million of outstanding utilities revenue and refunding bonds, rated A.

Nebraska is a pay-as-you-go state, which some say has stalled completion of its 600-mile expressway system.

Properly designed public banks would be safer than private banks while promoting economic growth.

Utah’s top elected officials demanded that S&P Global Ratings cease applying ESG factors to the state through the use of what they called a politicized rating system based on indeterminate factors.

Fitch and S&P have now joined Moody’s in downgrading the Renton, Washington-based healthcare system’s $6 billion of bonds.

The St. Louis County Council approved $105 million of borrowing for the project, split between the city and county, but questions remain about the price tag.

The majority on the court said upholding the benefits could have opened the door to a broad range of other federal benefits to Puerto Rico residents.

Revenues were also up compared to the Oversight Board's projection made on Jan. 27.

Investors pulled more from municipal bond mutual funds in the latest week, with Refinitiv Lipper reporting $3.548 billion of outflows, down from $4.106 billion of outflows in the previous week.

Moody's lifted Illinois one notch to Baa1, marking the state's third rating upgrade over the last year and first since lawmakers passed a state budget.

The future is uncertain and population shifts may take decades, but city officials need to start preparing for climate-driven migration now, says a new report.

State and local governments are flush with cash and well-positioned to embrace the coming storm, experts say.

A lot is at stake for facilities like Los Angeles International Airport, which has a $15 billion capital improvements program underway.

Through BondLink’s new ESG solution, the system provides investors with updates on an ongoing basis — not just at the time of sale — about the projects selected, their progress and any potential impacts.