Higher education bonds

The Monroe County, N.Y., Industrial Development Corp. is scheduled to issue $161 million of fixed-rate, tax-exempt revenue bonds on Thursday following a one-day retail order period, to benefit 19 projects at the University of Rochester.

The New Hampshire Higher Education Loan Corp. has scheduled a sale of $522.6 million of taxable student loan-backed notes for this week.

LOS ANGELES - A state audit of the Los Angeles Community College District called into question more than $140 million in district spending funded by three general obligation bond measures approved by voters between 2001 and 2008.

SAN FRANCISCO - St. Mary's College of California said it disagrees with Moody's Investors Service's assessment of its finances after the rating agency put $69 million of variable-rate bonds on watch for a downgrade.

CHICAGO - A bond issuer made up of the University of Nebraska and the city of Lincoln will take competitive bids Tuesday on $100 million of bonds that mark the last large financing for a new arena that is the largest project in state capital's history.

The Birmingham City Council Tuesday unanimously approved the issuance of $215 million of revenue bonds on behalf of the University of Alabama Health Services Foundation.

Moody’s Investors Service downgraded $61.5 million of bonds sold on behalf of John Carroll University to A3 from A2. The Ohio Higher Educational Facility Commission issued the debt on behalf of the school.

SAN FRANCISCO - The state auditor cleared the University of California of misspending student tuition on bond payments in a report released Thursday.

CHICAGO - The top-rated College of DuPage in Illinois will hold its first-ever retail order period Tuesday for $105 million of mostly new-money bonds that will finance various building improvement and maintenance projects, including the completion of its Homeland Security Education Center.

DALLAS — Louisiana Treasurer John Kennedy Tuesday night will hear from opponents as well as backers of a proposed $1.2 billion, 424-bed state academic medical center in New Orleans.

BRADENTON, Fla. - The trustee for Lambuth University on Wednesday notified the bond market that the Jackson, Tenn.-based school filed for Chapter 11 bankruptcy three weeks ago.

The Vermont Student Loan Assistance Corp., which has been in discussions with the Internal Revenue Service to settle a tax law dispute over $165 million of auction-rate securities it sold in 1998, disclosed that the IRS is expanding its audit to include more of the issuer’s ARS.

Broker-dealers who are primary distributors of 529 college savings plans would have to disclose information about their total assets, the assets of underlying portfolios, contributions, and withdrawals on a quarterly basis, under a proposal the Municipal Securities Rulemaking Board released Tuesday.

The Arkansas lottery generated $94.2 million for scholarships at state colleges and universities from sales of $465 million in fiscal 2011, up from $82 million of earnings and $383 million of sales in fiscal 2010.

CHICAGO - Indiana University, a triple-A rated credit, will hit the market Thursday with $96 million of student-fee revenue bonds to finance construction of a neuroscience building.

LOS ANGELES - A bill moving through the California Legislature would lower the state's short-term borrowing costs with the help of a $1.7 billion cushion from its two public university systems.

Moody's Investors Service has upgraded Loyola University Chicago's rating one level to A2 following the completion of the school's sale of its health system to Trinity Health on June 30.

Newly installed board members of the Illinois Student Assistance Commission — under fire for its oversight of the troubled College Illinois prepaid tuition program — voted Friday to oust its executive director, Andrew Davis.

The Dormitory Authority of the State of New York plans to issue $762.7 million of general-purpose personal income tax revenue bonds Wednesday through negotiated bid.

DALLAS — The board set up to finance and operate a new state teaching hospital in New Orleans has withdrawn its request for federal enhancement of revenue bonds needed to build the $1.2 billion University Medical Center.