Higher education bonds

The MSRB has revised a draft rule that would require underwriters of 529 college savings plans to file certain plan-related data once or twice a year, instead of quarterly.

The Virginia College Building Authority will sell nearly $400 million of highly-rated bonds in a competitive sale Wednesday, to what commonwealth officers expect will be high demand.

The University of Connecticut on Tuesday issued $88 million of UConn2000 Series 2012A special obligation student fee revenue refunding bonds, with an all-in true interest cost of 2.48%.

The Dormitory Authority of the State of New York is scheduled to sell $135 million of revenue bonds for the Rochester Institute of Technology on Tuesday.

The University of Connecticut will go to market with a $90 million sale of Series 2012A refunding special obligation student fee revenue bonds.

Standard & Poor’s downgraded to AA-minus from AA about $170 million of revenue bonds issued by the Dormitory Authority of the State of New York for Vassar College.

Voter approval of $750 million in New Jersey general obligation bonds to fund university facilities on Nov. 6 is a credit positive for universities, Moody’s Investors Service said.

Moody's Investors Service says that the higher education sector was recently blessed with a credit positive but that the sector will experience mixed credit conditions in the next few years.

The University of Texas plans to quickly form a steering committee, hire an inaugural dean and recruit faculty members for a new medical school approved by Austin voters in last week's election.

Indiana’s chief budget official Adam Horst announced last week he is leaving the post to join Indiana University Health after less than a year on the job.

State colleges and universities in Arkansas will ask the 2013 General Assembly for an additional $137 million in fiscal 2014.

Arizona State University halted talks about joining the city of Mesa and the Chicago Cubs on a new baseball facility being built with $84 million of general obligation bonds.

The medical community in Austin, Tex., is divided over a ballot proposition that would support a University of Texas medical school in the state capital.

Indiana University selected Goldman Sachs to act as its main advisor on a proposal to privatize its parking system in a bid to raise cash to offset declining state aid and other revenue sources.

The Utah Board of Regents is preparing to issue $518.7 million of taxable notes for its student loan program through RBC Capital Markets.

As the Southeast's economy slowly begins to thaw, measures on the Nov. 6 ballot reflect both fiscal conservatism and pent-up demand for education and transportation needs.

The Arkansas Higher Education Coordinating Board approved $22.3 million of revenue bonds for projects at three colleges.

The Internal Revenue Service is examining almost $40.63 million of variable rate student loan bonds and notes issued by the Oklahoma Student Loan Authority in 2002.

Moody's Investors Service downgraded the long term rating of Pennsylvania's State System of Higher Education to Aa3 from Aa2, affecting $1.5 billion of debt.

The Kansas Board of Regents approved a plan to build two residence halls at the University of Kansas with $47.8 million of bonds.