Higher education bonds

The Dormitory Authority of the State of New York is expected to sell about $450 million of mostly refunding bonds this week, starting with $372 million of school district bonds on Tuesday.

Texas A&M University plans to spend up to $450 million renovating Kyle Field but has not announced a bond finance plan, according to reports.

The San Francisco Community College District is struggling to remain solvent and accredited, but holders of its $370 million of debt are well insulated.

Colorado State University is seeking to join the list of colleges and universities that have recently built or plan state-of-the-art football stadiums, despite studies showing the financial risks.

The Minnesota Office of Higher Education will price $375 million of new-money and refunding adjustable rate student loan program bonds Tuesday.

The Dormitory Authority of the State of New York board approved $181 million of bond sales for higher education institutions at a meeting on Wednesday.

Lawrence Nines, longtime leader of the Wisconsin Health and Educational Facilities Authority, is retiring after wrapping up several deals, including bonds for Marquette University and Froedtert Health.

New Ohio State University housing will be financed in part through bonds.

The University of Colorado Hospital Authority will issue $290 million of bonds this week to add Memorial Health System of Colorado Springs to its new statewide network in a deal nearly sidelined by a lawsuit over pension programs.

The University of Arkansas will use pledged athletic department revenue, largely from the football program, to support $18 million of bonds for a new academic building.

The Pennsylvania Higher Educational Facilities Authority is expected to sell $200 million of revenue bonds on Tuesday and the New Jersey Economic Development Authority is expected to sell $400 million of bonds and notes on Wednesday, with retail pricing Tuesday.

The Dormitory Authority of the State of New York is expected to sell $50 million of revenue bonds for Fordham University this week.

The Illinois Finance Authority advanced more than $345 million in new-money and refunding issues for healthcare, higher education, and cultural institutions.

Moody's Investors Service on Friday downgraded Brazosport College District, Texas revenue bonds to A2 from A1 while Standard & Poor's lowered the outlook on its AA-minus rating to negative from stable.

The Dormitory Authority of the State of New York leads the week's issuance with a $238 million bond sale for the State University of New York on Tuesday.

Coastline Community College District in Orange County, Calif. wants to place a $700 million bond on the November ballot

The University of Michigan Health System last week announced it has signed an agreement to acquire a piece of MidMichigan Health, a nonprofit system that serves a 14-county region in the center of the state.

The 131-year-old Morris Brown College in Atlanta was forced to file for Chapter 11 bankruptcy after an investor holding $13 million of bonds demanded payment, or face foreclosure.

Standard & Poor’s last week revised its outlook to positive from stable on Michigan State University and affirmed its AA long-term rating.

The South Texas Higher Education Authority Inc. has proposed paying IRS $438,243 under the voluntary closing agreement program to settle tax law issues over $255.8 million of student loan bonds it issued in 2007.