Economy

The Hudson Yards Infrastructure Corp. expects to price $1 billion of new- money bonds the week of Oct. 17 to benefit the extension of the No. 7 subway line in New York City’s transit system from its current terminus on Eighth Avenue to the Hudson Yards redevelopment area.

WASHINGTON - States' unfunded liabilities for health care and other non-pension post-employment benefits totaled $545 billion in fiscal 2010, Standard & Poor's said in a report issued Thursday.

DALLAS - With its debt already at a record level, the North Texas Tollway Authority waived a $3.2 billion project offered by the Texas Department of Transportation.

California Gov. Jerry Brown is weighing one bill that secures bondholders if a hospital declares bankruptcy, and has already signed another that proponents said could help corporate investment in municipal bonds.

DALLAS - Texas Sen. Kirk Watson, D-Austin, outlined a 10-part, 10-year plan Tuesday to build an academic hospital and medical school at the University of Texas in Austin.

BRADENTON, Fla. - The trustee for the Santa Rosa Bay Bridge Authority's $115.9 million of defaulted bonds is providing financial support to entice volunteers to serve on the authority's board, according to the Florida state representative who negotiated the deal.

The Louisiana Joint Legislative Committee on the Budget last week accepted a revised business plan for a $1.088 billion state hospital in New Orleans.

BRADENTON, Fla. - The Georgia Department of Transportation Monday issued a request for proposals for the state's first public-private partnership concession.

CHICAGO - A new independent study on a controversial plan to build a publicly funded bridge in Michigan says proposed bond covenants would protect state taxpayers if toll revenues fall short of expectations, but that interest rate costs could push the price tag past $4 billion.

The Connecticut Health and Educational Facilities Authority plans to sell $260 million of fixed-rate, tax-exempt Series A revenue bonds for Hartford HealthCare Corp. on Thursday, following a one-day retail order period.

Moody’s Investors Service has revised its outlook to positive from stable on the University of Wisconsin Hospitals and Clinics’ A1 rating due to its improved fiscal performance.

Members of the Michigan Legislature’s Senate Economic Development Committee said they would extend a series of hearings on whether to advance a plan to build a $3.8 billion, publicly funded bridge spanning the busy trade route between Detroit and Canada.

Detroit Mayor Dave Bing is expected to hand over management of a high-profile, $528 million light-rail project to the Detroit Economic Growth Corp.

WASHINGTON - Virginia has received conditional approval to put tolls on Interstate 95 under the federal government's Interstate Reconstruction and Rehabilitation Pilot Program.

The Internal Revenue Service has completed an audit of $51.1 million of auction-rate securities the Orange County, Fla., Health Facilities Authority issued in 2005 for an Orlando health care provider without changing the tax-exempt status of the bonds.

BRADENTON, Fla. - The Louisville and Southern Indiana Bridges Authority is asking construction industry professionals and others to help it build the Ohio River Bridges Project faster and less expensively.

DALLAS - Denver International Airport plans to take advantage of historically low interest rates with $425.9 million of refunding bonds as it pursues a major expansion.

President Obama has signed the bill extending Federal Aviation Administration and highway funding.

A member of Puerto Rico's House of Representatives is asking the commonwealth's comptroller’s office to review a $2.4 million contract between the Puerto Rico Public Private Partnerships Authority and law firm Mayer Brown LLP, saying a conflict of interest exists regarding the proposed privatization of Luis Muñoz Marín International Airport.

Massachusetts Attorney General Martha Coakley approved the sale of bankrupt nonprofit Quincy Medical Center to for-profit Steward Health Care System LLC, while imposing many conditions.