Economy

Indiana last week reached financial close on a $700 million tax-exempt bond financing that finances the state's half of the $2.6 billion bi-state bridge project with Kentucky.

A private foundation linked to the $3 billion bond-funded Cancer Prevention Research Institute of Texas may have improperly changed its name and procedures in the wake of several investigations of alleged insider deals, according to Texas Attorney General Greg Abbott.

NABL is urging Treasury and the IRS to provide guidance ensuring that tax-exempt private-activity bonds don’t become taxable if the issuing governments and nonprofit hospitals take steps to implement President Obama’s health care reform law.

With nearly $500 million in spring transportation projects planned, Illinois will sell $800 million of debt Tuesday after a two-month delay in the state's first bond offering of the year.

Arkansas will save almost $700 million through a private insurance option in an expansion of the Medicaid program, a report said.

General aviation airport officials in Florida and across the country will discuss the implications of tower closings Tuesday in a conference call with the Federal Aviation Administration

Colorado's Regional Transportation District plans to issue $225 million of certificates of participation this month as its $7.9 billion FasTracks rail and bus network achieves major construction milestones.

The California Health Facilities Financing Authority approved on Thursday issuing $450 million in tax-exempt revenue bonds for Sutter Health System to construct a hospital in Santa Rosa and medical clinics in Sunnyvale and San Carlos.

The Internal Revenue Service is auditing two separate series of hospital revenue bonds totaling $142.2 million that were issued by the Highlands County, Fla., Health Facilities Authority in 2005 and 2007 and then redeemed.

New York's Metropolitan Transportation Authority awarded the first contract to a company participating in its new federal small business mentoring program.

Most non-profit hospitals are expected to find the 2% Medicare reimbursements cuts that take effect Monday manageable, Fitch Ratings says in a new report.

Moody's Investors Service is considering a downgrade on $1.1 billion of P3 turnpike debt in Texas to non-investment grade.

With its ratings intact, CoxHealth in Missouri next week enters the market with a mostly new-money sale for about $200 million to help finance a major expansion at its main healthcare campus.

The Virginia Port Authority Tuesday declined proposals to operate as a public-private partnership after it received an unsolicited P3 proposal.

Gov. Deval Patrick's administration, acting on a provision of the 2009 Massachusetts transportation overhaul law, has named a panel to explore P3 deals.

Moody's Investors Service last week confirmed its Baa3 rating on Memorial Healthcare and removed the rating from under review. The outlook is positive, Moody's said.

The Detroit Medical Center has dropped plans to build a $50 million outpatient facility in the Detroit suburb of Royal Oak.

Michigan will likely have a federal health insurance exchange instead of a joint state-federal partnership after the state Senate last week recessed for spring break without meeting a federal deadline.

Moody's Investors Service called an Illinois judge's dismissal of litigation challenging the state's retiree healthcare reforms a credit positive for the state.

A bankruptcy court hearing is slated next week on settlement agreement between American Airlines Inc. and holders of its $1.4 billion of New York City airport debt.