Higher education bonds

Colleges and universities have already begun hiring freezes and spending cuts, dialing back research and rescinding offers to Ph.D. candidates, the rating agency said.

Northeastern University plans to sell municipal bonds to help replace its 115-year-old Matthews Arena, long-ago home of the Boston Bruins and Celtics.

Bond-issuing infrastructure districts and development zones were a focus of legislation passed by Utah lawmakers during a session that ended March 7.

The Trump administration has dealt several blows to an already-battered sector. 

State Treasuer Brad Briner said he hopes a longer maximum maturity will lead more borrowers to use the state conduit instead of the Public Finance Authority.

Glenn Hegar, the state comptroller since 2015, was chosen as the next chancellor for the Texas A&M University System by its board of regents.

Trustees of New Jersey City University voted to approve the pursuit of a merger with Kean University, a larger fellow state university 12 miles away.

The IRS has issued a preliminary determination that educational and general revenue bonds issued in 2018 by the University of Rhode Island are taxable due to alleged noncompliance with requirements of Section 149(g).

The rating agency said the one-notch downgrade, which comes ahead of a bond sale, was due to weaker operating performance and liquidity.

The school wants to be able to offer bonds supported by its general fund and not just bonds its revenue streams.