Higher education bonds

Continuing turmoil at the College of DuPage, Ill., cost the two-year school one of its triple-A ratings as Standard & Poor's cut it two notches to AA.

The University of California would issue $400 million of bonds as part of a proposed $1.1 billion public-private partnership to expand the campus of UC Merced, according to a report issued the state Legislative Analyst’s Office Wednesday.

North Carolina voters decide March 15 if North Carolina can issue $2 billion of general obligation bonds to finance higher education and state capital projects.

Philadelphia’s Temple University is allocating a $1 million study to examine building a new on-campus football stadium.

Stacy Lewis Daher has been reappointed to the California Educational Facilities Authority, the body responsible for approving conduit bond issues for universities.

The head of the agency that accredits Illinois' state universities issued a warning to state leaders as the schools struggle in the absence of state funding because of a continued budget stalemate.

A $327 million University of Kansas bond sale that used a Wisconsin conduit issuer drew criticism from lawmakers seeking to ban future out-of-state deals.

In a newspaper column Tuesday, the governor said he would not support budget cuts that could throw universities into financial exigency and close hospitals in order to deal with Louisiana's budget crisis.

Capital appreciation bond issuance by California school and community college districts more than tripled to $999 million in 2015 despite legislation to discourage use of the bond structure.

Indiana’s Purdue University officials believe its newly minted second AAA rating will spell savings on its upcoming bond sale.

The University of Utah won a Standard & Poor’s upgrade to AA-plus en route to the bond market with $76 million of bonds.

Gov. Andrew Cuomo’s call for New York City to pay much more toward the City University of New York system and Medicaid is a financial gut punch.

The University of Houston will issue $272 million of tuition revenue bonds that that combine taxable and tax-exempt debt.

The University of Texas System will offer investors taxable and green bonds in a pair of top-rated deals worth $450 million.

Georgia State University teamed up with Atlanta-based Carter & Associates LLC to negotiate the purchase of Turner Field for a multi-use redevelopment project including a football stadium.

The University of Kansas will use the Wisconsin-headquartered Public Finance Authority as conduit for a $350 million lease-revenue bond deal instead of the Kansas Development Finance Authority.

Arizona State University’s "strong culture of innovation" should translate into improved credit quality over time, Moody's Investors Service said in a new report.

The College of DuPage, Ill. board chairwoman Kathy Hamilton, who spearheaded reform efforts that also led to the ouster of the college president and the school’s finance team, abruptly resigned.

New York education, healthcare and non-profit issuers with strong credit will now be able to expedite their transactions under new guidelines approved by the Dormitory Authority of the State of New York.

SUNY Chancellor Nancy Zimpher is making an impassioned pitch for more funding while challenging the system from within.