Higher education bonds

The Dormitory Authority of the State of New York will issue $260 million of Series 2011A lease revenue bonds on Tuesday through negotiated bid.

CHICAGO — Washington University in St. Louis will enter the market Thursday with nearly $200 million of new-money and refunding revenue bonds that will help finance projects and introduce taxable bonds into the top-rated school's debt portfolio.

North Carolina Gov. Beverly Perdue on Sunday vetoed the $19.7 billion budget sent to her by the Republican-controlled Legislature.

Trustees of Maricopa County Community College District will consider a plan Tuesday night to raise property taxes to compensate for an 85% cut in state aid.

New York Gov. Andrew Cuomo last week filed legislation that would authorize $80 million of Empire State Development Corp. bonding for the State University of New York system and enable SUNY schools to boost tuition rates during the next five years.

The proposed $1.2 billion University Medical Center in New Orleans may be built with the proceeds from bonds supported solely by hospital revenue if federal mortgage insurance is denied for the debt.

Illinois Gov. Pat Quinn last week announced a state partnership with the University of Illinois and a special advisory group to study the feasibility of high-speed rail service between Chicago and Champaign-Urbana and possibly to other parts of the state and neighboring cities.

CHICAGO — Michigan-based Kalamazoo College this week is privately placing $36.4 million of bonds, a move that will raise new money and take all of its bonds off the public market to escape a bond covenant that has grown too ­restrictive.

Sen. Judith Zaffirini, D-Laredo, has filed a bill allowing Texas state colleges and universities to issue a total of $100 million of tuition revenue bonds. She said she wants to be ready to move if Gov. Rick Perry expands the bills that could be considered in the current special legislative session.

DALLAS — The proposed $1.2 billion University Medical Center hospital in New Orleans will require an annual subsidy from Louisiana of $100 million, according to a new financial analysis of the 424-bed facility.

Recently retired Chicago Mayor Richard Daley has accepted an appointment at the University of Chicago to help foster policy discussions at the Harris School of Public Policy.

The Dormitory Authority of the State of New York Thursday will sell $684.2 million of tax-exempt and taxable personal-income tax revenue bonds through competitive bid.

The Council of Bond Oversight last week authorized the Oklahoma Development Finance Authority to issue $100 million of debt for the higher education master real property program for projects at state colleges and universities.

BRADENTON, Fla. — Lambuth University in Jackson, Tenn., has filed an audit that “raises substantial doubt about its ability to continue as a going concern.”

DALLAS — The University of Colorado Hospital Authority plans to issue $200.8 million of variable-rate revenue bonds this week for a new medical tower on its rapidly expanding Anschutz Campus in Aurora.

The Mainland Community College District’s request for $87 million of general obligation bonds failed after a count of mail-in ballots resulted in more 'no’ votes.

CHICAGO — Indiana’s Purdue University, one of the nation’s few higher education institutions with a triple-A rating, will price $45 million of refunding student facility system revenue bonds Tuesday.

CHICAGO — The Board of Trustees of Western Michigan University, one of the state’s largest colleges, is expected to enter the market by the end of May with $68 million of mostly new-money debt.

BRADENTON, Fla. — The last student graduated from Lambuth University in Jackson, Tenn., on April 30.

BRADENTON, Fla. — Appalachian State University in northwestern North Carolina Tuesday will competitively sell $60.14 million of general revenue bonds.