Economy

The University of Texas System Board of Regents last week said the system would contribute $25 million a year to operations of a medical school in Austin if locals provide $35 million a year.

The Port Authority of New York and New Jersey last week launched a nationwide search for a chief financial officer to replace Michael Fabiano, who has announced he will retire at the end of this year.

BRADENTON, Fla. — Kentucky is seeking proposals from qualified teams to build its half of the Louisville-Southern Indiana Ohio River Bridges Project.

Georgia-based American Maglev Technology Inc. has proposed a 15-mile, $315 million elevated magnetic levitation train project to connect Orlando International Airport with several locations in central Florida, according to the Orlando Sentinel.

If a judge approves a fifth amended reorganization plan, the Las Vegas Monorail Co. could exit bankruptcy soon.

CHICAGO — As the nonprofit health care world keenly awaits the U.S. Supreme Court's ruling on the new federal health care law, credit analysts warn that a ruling striking down the individual mandate while maintaining the rest of the law would deliver a blow to the already-suffering sector.

Moody’s Investors Service downgraded to A3 from A2 Kettering Health Network’s $408 million of outstanding bonds.

WASHINGTON — The Internal Revenue Service has notified the Cumberland County, Pa., Municipal Authority that $10 million of Series A revenue bonds it issued in February 2008 have been selected for examination.

SAN FRANCISCO — The board of the California Health Facilities Financing Authority has voted to reduce its issuance fees as it battles to remain competitive with other conduit issuers.

A very public feud over the highway funding reauthorization is set to move to a more private venue, as 47 members of a conference committee prepare to hammer out a compromise on divisive issues in the House and Senate bills.

If passed, Rhode Island’s new legislation to allow acquisitions would be a credit positive for small community hospitals in the state, Moody’s Investors Service said in a report.

Washington will sell its first ever Garvee bonds next month as it works to raise more money to pay for a replacement floating bridge to help ease traffic in the Seattle region.

In a meeting on Wednesday, the board of the Dormitory Authority of the State of New York approved $320 million in financings for higher education and health care institutions.

DALLAS — Colorado's Regional Transportation District will not seek voter approval of a sales tax increase in November that would allow completion of the FasTracks rail and bus system on its current schedule.

At least eight Midwestern health care providers are set to enter the market over the next two weeks, offering more than $1.3 billion of bonds. Leading the pack this week is a trio that represents the region's largest and most prestigious providers.

A battle over competing international bridge plans in Michigan that has roiled the Legislature for years could find resolution with a public vote later this year.

Indiana on Monday announced a list of four possible teams for the Ohio River Bridges project.

Market participants are stepping up their efforts in support of muni-friendly provisions in the Senate highway bill, as that body prepares to head to conference with the House to resolve differences in legislation each chamber has passed providing funding for the nation's surface transportation programs.

DALLAS — As its largest tenant faces an uncertain future, Dallas-Fort Worth International Airport plans a mix of refunding and new-money debt for this week and late May.

BRADENTON, Fla. — The Federal Highway Administration Friday approved a supplemental environmental impact statement that is a significant milestone toward starting construction on portions of the $2.6 billion Ohio River Bridges Project later this year.