Economy

CHICAGO — The Indianapolis Airport Authority on Tuesday will price a yet-to-be determined amount of refunding bonds to take advantage of the federal alternative-minimum tax holiday.

WASHINGTON — Federal transportation officials Thursday reclaimed $1.195 billion of high-speed and intercity passenger rail grants from Ohio and Wisconsin. The funds will be parceled out to several states, the U.S. Department of Transportation said after warning last month that incoming Republican governors in the two states must use the funds for rail or lose them entirely.

WASHINGTON — The $1.2 trillion continuing resolution the House approved Wednesday to keep federal agencies and programs funded through the end of the fiscal year on Sept. 30 would increase funding for financial regulators and extend transportation and aviation funding as well as nuclear loan guarantees.

WASHINGTON — The Capital Beltway Funding Corporation of Virginia, the issuer for $589 million for the Capital Beltway expansion project, on Monday will sell refunding bonds to convert its debt to tax-exempt bonds not subject to the alternative minimum tax, taking advantage of the stimulus law provision ­before it expires at the end of the year.

Two bipartisan groups are pressing federal lawmakers and the president to get cracking on a solution to the funding crisis troubling the nation's transportation sector. They warned that Congress needs to find a new revenue source instead of leaning on proposals for a national infrastructure bank or increased privatization.

Delaware River Port Authority board members continue to push for a delay of toll and fare increases as its financial advisers warn of potential credit-rating downgrades and fiscal pressures the bistate agency may face if it postpones future revenue enhancements.

Hoping to tap the same investor momentum seen in a recent oversubscribed offering, Atlanta has accelerated plans to market a $505 million refunding for Hartsfield-Jackson International Airport that was expected to sell next year.

The Spartanburg Regional Health System was downgraded last week to A-plus from AA-minus by Fitch Ratings as a new facility has failed to fill beds as anticipated.

Louisiana Gov. Bobby Jindal said last week that he will not use new taxes or fees to balance the fiscal 2012 budget despite a projected revenue shortfall of $1.6 billion.

The nonprofit Atlanta BeltLine Partnership has created an organization called the Atlanta Land Trust Collaborative to protect neighborhoods at risk of displacement as the city's massive BeltLine project proceeds. The ALTC will be led by executive director Anthony Pickett, the partnership announced Monday.

The Port Authority of New York and New Jersey passed a $7.17 billion operating and capital budget Tuesday for calendar year 2011 that keeps operating growth flat while boosting capital spending.

With an upgrade in hand, the University of Missouri System will enter the market Wednesday with up to $265 million of Build America Bonds to fund improvements at various campuses and its health care facilities.

Republican Governor-elect John Kasich said last week that he would consider a plan to privatize the Ohio Turnpike.

San Antonio this week plans to price $101 million of airport revenue bonds with an increasingly unusual feature — bond insurance.

A report by two state agencies determined that if Texas withdrew from the Medicaid health care program, it would cost the state $15 billion a year in federal funds.

CHICAGO — Ohio plans to begin taking retail orders Tuesday on $230 million of double-A rated Garvee bonds and opening the sale to institutional buyers Wednesday.

BRADENTON, Fla. — The Georgia Department of Transportation has issued a request for proposals for a master developer to undertake a complex multi-modal passenger terminal in downtown Atlanta that will help shape future city ­development.

Massachusetts next week plans its first-ever bond sale from the Commonwealth Transportation Fund, a new credit that grabbed triple-A ratings last week from Moody’s Investors Service and Standard & Poor’s.

Puerto Rico last week released a request for proposals that will begin the bidding by four short-listed contenders to run and maintain its busiest toll road.

New Jersey’s largest health care provider, Saint Barnabas Health Care, was upgraded to investment grade last week, with both Standard & Poor’s and Fitch Ratings boosting the credit to BBB-minus from BB-plus.