Economy

DALLAS — Michael Cheroutes, a Denver attorney and expert in public finance, will guide Colorado’s search for new highway funding mechanisms as the first director of its High Performance Transportation Enterprise agency.

SAN FRANCISCO — The San Diego County Regional Airport Authority will sell $417 million of subordinate-lien bonds next week to fund part of a $1.4 billion overhaul at San Diego International Airport.

Virginia last Friday scuttled a potential public-private partnership for the Port of Virginia, ending the chance for a private company to operate the port.

The amount of debt that will be issued to build a new state hospital in New Orleans could be pared by $55 million to $100 million of expected additional federal reimbursements for hurricane damage to shuttered Charity Hospital.

Moody’s Investors Service on Friday placed a negative outlook on the Metropolitan Atlanta Rapid Transit Authority’s long-term rated debt.

Atlanta Mayor Kasim Reed on Monday appointed Louis Miller as the new general manager at Hartsfield-Jackson Atlanta International Airport.

New Jersey Gov. Chris Christie Tuesday unveiled pension and health care reform measures that would help curb the state’s unfunded liabilities while passing more of those costs on to employees.

DALLAS — Harris County, Tex., is bringing $140 million of toll road refunding bonds to a market that appears ready to reward issuers bearing strong credit ratings.

Fitch Ratings assigned a negative outlook and affirmed its BBB rating on $77 million of revenue bonds issued for Mercy Medical Center, a 340-bed hospital located in Canton.

Michigan could issue $40 million of one-year debt to secure up to half the necessary funds to avoid losing $475 million in federal highway funds next year. The proposed transportation budget includes $84 million needed to avoid losing the federal money.

A public policy group funded by local businesses wants to overhaul Illinois’ transportation policies and practices to fuel job creation and economis growth.

WASHINGTON — Three firms have submitted conceptual proposals to the Virginia Department of Transportation for a public-private partnership that would develop a new tolled highway in the southern part of the state.

DALLAS — Utah, one of the most fiscally fit states in the mountain West, expects to price the largest issue in its history next week — a $1.25 billion deal that will combine taxable Build America Bonds with tax-exempt debt.

DALLAS — The University of Texas System is preparing to price $631 million of taxable and tax-exempt bonds Tuesday, including $430 million for a new UT Southwestern Medical School hospital in Dallas.

MENLO PARK, Calif. — The University of California will sell $670 million of mostly taxable Build America Bonds next week, its largest foray into the market this year, to help pay for campus upgrades.

New York’s Metropolitan Transportation Authority will offer up to $900 million of tax-exempt bond anticipation notes issued in the form of commercial paper under a new program.

CHICAGO — The Regents of the University of Minnesota on Wednesday will sell $146 million of bonds in two issues to fund biomedical science research facilities. The deal will offer a mix of tax-exempt revenue debt supported by a state appropriation and taxable Build America Bonds backed by the school’s credit.

WASHINGTON — Five airports will receive a total of $9 million in unexpected grants from the American Recovery and Reinvestment Act because of lower-than-expected bids on other airports’ stimulus projects.

New York plans to market new-money, tax-exempt personal income tax bonds next week for the first time since March.

CHICAGO — The Ohio State University will enter the market Tuesday with $741 million of bonds to launch a $2 billion capital expansion program.