Higher education bonds

Kentucky Attorney General Andy Beshear, a Democrat, filed suit Monday contending that budget cuts at nine public colleges and universities ordered by Republican Gov. Matt Bevin were illegal.

Illinois community colleges face downward rating pressure from delays in state aid payments and likely future state aid cuts.

The University of Texas System will seek savings with a $134 million refunding of revenue bonds.

U.S. lawmakers are stepping up scrutiny of colleges and universities with endowments of more than $1 billion and are threatening to introduce legislation that could jeopardize the tax-exempt status of their bonds.

Kentucky Attorney General Andy Beshear said Friday he will file suit if Gov. Matt Bevin fails to rescind immediate budget cuts the governor imposed at state colleges and universities.

Colorado Gov. John Hickenlooper’s signature on recently passed legislation will clear a path for the University of Colorado’s $168 million issue of new money and refunding bonds.

Citing strong enrollment growth and improving financial trends, Standard & Poor’s upgraded Texas Tech University System to AA-plus.

The University of Connecticut intends to sell $342 million of GO bonds under its UConn 2000 infrastructure improvement program, including a $42 million refunding.

Texas A&M University System reported higher-than-expected savings on the refunding of its revenue bonds after a Standard & Poor’s upgrade to triple-A.

Standard & Poor’s put five of the seven Illinois public universities it rates on CreditWatch, citing the Illinois budget impasse.