Higher education bonds

The head of the agency that accredits Illinois' state universities issued a warning to state leaders as the schools struggle in the absence of state funding because of a continued budget stalemate.

A $327 million University of Kansas bond sale that used a Wisconsin conduit issuer drew criticism from lawmakers seeking to ban future out-of-state deals.

In a newspaper column Tuesday, the governor said he would not support budget cuts that could throw universities into financial exigency and close hospitals in order to deal with Louisiana's budget crisis.

Capital appreciation bond issuance by California school and community college districts more than tripled to $999 million in 2015 despite legislation to discourage use of the bond structure.

Indiana’s Purdue University officials believe its newly minted second AAA rating will spell savings on its upcoming bond sale.

The University of Utah won a Standard & Poor’s upgrade to AA-plus en route to the bond market with $76 million of bonds.

Gov. Andrew Cuomo’s call for New York City to pay much more toward the City University of New York system and Medicaid is a financial gut punch.

The University of Houston will issue $272 million of tuition revenue bonds that that combine taxable and tax-exempt debt.

The University of Texas System will offer investors taxable and green bonds in a pair of top-rated deals worth $450 million.

Georgia State University teamed up with Atlanta-based Carter & Associates LLC to negotiate the purchase of Turner Field for a multi-use redevelopment project including a football stadium.