Economy

DALLAS — The University of Texas System has approved building an $800 million hospital at its UT Southwestern Medical Center in Dallas that will be financed largely through revenue bonds.

Massachusetts Gov. Deval Patrick is looking for $32.5 million of federal funds to help finance added rail capacity at Boston’s South Station.

The Pennsylvania Turnpike Commission is gearing up to sell about $600 million of revenue debt on Wednesday, including taxable Build America Bonds, to help finance infrastructure needs on the state’s 535-mile toll road.

WASHINGTON — Two medical groups have asked the Internal Revenue Service to allow hospitals to be flexible when conducting the community health needs assessments required under the health care reform law.

CHICAGO — The cash-strapped Chicago Public Schools will receive about $100 million from Illinois’ share of education funding in the new $26 billion federal jobs law, local and federal officials said Wednesday.

WASHINGTON — Fitch Ratings this week released expanded global criteria that its analysts will use to evaluate debt secured by tolled facilities such as roads, bridges, and tunnels.

DALLAS — Louisiana is taking $403.5 million of gasoline and fuel-tax bonds to market next week as tax-exempt debt, rather than Build America Bonds, in response to investor demand.

The Georgia Department of Transportation announced Monday that it has applied for $34 million in federal funding to accelerate development of high-speed rail service between Atlanta and Chattanooga, Tenn., with additional links eventually being added to Nashville and Louisville, Ky.

A Miami-Dade County grand jury last week released a report on Jackson Health System, describing its financial problems as “a colossal mess.” No formal charges were brought by the panel.

House members Tuesday sent to President Obama a $26.1 billion measure that would extend but gradually phase out higher federal Medicaid payments to states through June 30 and provide $10 billion to local school districts to prevent layoffs.

BRADENTON, Fla. — Florida is on a fast track to complete the first high-speed rail project in the U.S. with a new application for $1.12 billion in funding from the Federal Railroad Administration’s service development program.

CHICAGO — The Illinois Finance Authority board on Tuesday advanced plans for a series of financings, including the first in the state in seven years to take advantage of the FHA 242 Hospital Mortgage Insurance Program. Another could be the first to tap the state’s Midwestern disaster area bond allocation.

Standard & Poor’s downgraded Lake Region Healthcare Corp. to BBB from A-minus due to its balance sheet struggles.

ALAMEDA, Calif. — A year and a half after Seattle-area voters approved a sales tax hike to finance $18 billion in mass transit projects, a quarter of that amount has evaporated due to reduced economic activity.

CHICAGO — There is cautious optimism for the nonprofit health care sector as operating performance and debt-market access show improvement after two years of financial turmoil.

DALLAS — Austin Bergstrom International Airport’s Hilton hotel faces a deepening financial hole in the wake of a series of defaults on $49 million of revenue bonds, according to a recent audit.

DALLAS — Austin voters will decide in November on $90 million of general obligation bonds devoted to transportation efforts following unanimous action by the City Council.

The Puerto Rico Public-Private Partnerships Authority last week announced that it has qualified 115 teams to participate in a request for proposals to renovate public schools.

Pennsylvania’s legislature will hold a hearing next month on possible mismanagement at the Delaware River Port Authority.

The Port Authority of New York and New Jersey on Thursday approved a $1.2 billion expansion of a terminal at John F. Kennedy International Airport on behalf of Delta Air Lines and its partners.