Economy

The Santa Rosa Bay Bridge Authority, which oversees the Garcon Point Bridge in north Florida, appears to be headed for default in July.

CHICAGO — Indiana University Health Inc., the state’s largest health care system, on Monday will price $228.2 million of variable-rate bonds in the first of three borrowings that will total nearly $800 million.

DALLAS — Sen. David Vitter, R-La., met last week with federal officials to oppose Louisiana’s request for credit enhancement on $400 million of revenue bonds for a new $1.2 billion teaching hospital in New Orleans.

DALLAS — The Texas Transportation Commission has cleared the way for financing a $1.6 billion toll road in Dallas County that leverages a federal loan and the TTC’s strong credit ratings.

CHICAGO — The Illinois Finance Authority expects to launch a program in the coming months that links state Medicaid providers with private investors willing to purchase overdue payment vouchers in case lawmakers fail to act on Gov. Pat Quinn’s $2 billion borrowing plan to ease the state’s liquidity crisis.

BRADENTON, Fla. — Government-owned hospitals in Florida will come under scrutiny by a panel appointed by Gov. Rick Scott to review whether they are in the best interest of taxpayers.

SAN FRANCISCO — A nonprofit mental-health service provider in Los Angeles County has gone belly-up, leaving a state-backed insurer on the hook for more than $5 million of bonds.

Florida Gov. Rick Scott Monday took credit for federal budget cuts to high-speed rail funding that were in the continuing resolution signed by President Obama over the weekend.

DALLAS — The Texas Department of Transportation would get another $3 billion of bond authorization under a proposal from the chairman of the state Senate Transportation and Homeland Security Committee, but he said finding a long-term solution to the chronic problem of highway funding is not likely in the current session.

Moody’s Investors Service this week downgraded to Baa2 from A3 $16.1 million of revenue bonds issued by the Capital Region Airport Authority, which serves the state capital of Lansing.

Moody’s Investors Service this week put Loyola University Chicago’s A3 rating on watchlist for a possible upgrade in recognition of the positive impact on its credit profile expected from the school’s upcoming sale of its health system.

WASHINGTON — House Transportation Committee chairman Rep. John Mica on Monday charged the Obama administration failed to justify many of the high-speed rail and so-called TIGER transportation grants it made to state and local governments.

WASHINGTON — High-speed rail and community development block grant funds were among the $2 billion of cuts in a “bridge” continuing resolution enacted Saturday, which narrowly averted a federal government shutdown.

CHICAGO — Fitch Ratings affirmed O’Hare International Airport’s third-lien general airport revenue bond rating and raised its passenger facility charge-backed credit as Chicago prepares to enter the market next week with $1.1 billion of airport bonds.

The New Jersey Transportation Trust Fund Authority Tuesday is expected to approve the sale of $600 million of tax-exempt revenue bonds that would price in early May.

Amtrak is seeking $1.3 billion of federal high-speed rail funds to help build two new train tunnels under the Hudson River, linking New Jersey and New York, and expand high-speed rail on the Northeast Corridor.

Portland’s City Council looks likely to approve $45 million of revenue bonds next week in support of a $1.4 billion light-rail project.

Moody’s Investors Service downgraded the Southern California Logistics Airport Authority’s $51 million of subordinate tax-allocation revenue bonds to B1 from Ba3.

SAN FRANCISCO — In this city known for its eccentricities, why should retiree benefit reform be any different?

WASHINGTON — The Department of Transportation has received more than 90 applications from 24 states, the District of Columbia, and Amtrak seeking a total of nearly $10 billion for high-speed rail projects — more than four times the $2.4 billion available from Florida Gov. Rick Scott’s cancellation of a project in his state.