Higher education bonds

Veteran bond attorney Jeremy A. Spector has been named executive director and secretary of the New Jersey Educational Facilities Authority (NJEFA).

Rhode Island selected Invesco and Ascencus to manage its $7 billion CollegeBoundfund 529 program, replacing AllianceBernstein.

Moody’s Investors Service has revised the University of Chicago Medical Center's outlook to stable from negative thanks to two years of stronger operating margins.

The Internal Revenue Service has issued guidance clarifying that state student loan programs can use tax-exempt bonds to fund parent loans for students and that tax-exempt bonds can be used for a broad range of refinancings that help student loan borrowers take advantage of lower rates.