Higher education bonds

With enrollment falling for the fourth year in a row, New Mexico State University has taken a Standard & Poor’s downgrade to AA-minus.

Brazos County wants a ruling from the state on property tax exemption of a bond-financed P3 dormitory at Texas A&M.

New Jersey’s Stockton University has reached an agreement to sell the former Showboat Casino Hotel in Atlantic City for $22 million to Philadelphia-based developer Tower Investments.

A campus town center at The College of New Jersey is the newest project to materialize from a public-private partnership program that faces an uncertain future after a five-year run.

Illinois-based College of DuPage fired its top two fiscal managers – treasurer Thomas Glaser and controller Lynn Sapyta – accusing the two of violating school investment practices and other internal rules.

The Dormitory Authority of the State of New York authorized $1.12 billion in new financings.

The University of Hawaii Board of Regents plans a $189 million revenue bond sale Wednesday and Thursday.

The University of Oklahoma Board of Regents is going to market with $245 million of taxable and tax-exempt bonds for improvements to the football stadium, its residential colleges and a parking garage, after Fitch & S&P downgrades.

Standard & Poor’s, citing Pennsylvania’s budget impasse, placed all school district and community college ratings based on the state aid intercept program on credit watch negative.

New Jersey’s Stockton University held a special meeting to discuss offers it has received for the former Showboat Casino Hotel property in Atlantic City.

The municipal bond tax exemption could be at risk under a proposal from presidential candidate Hillary Clinton to reduce student debt.

Multiple factors are pressuring Puerto Rico's nonprofit universities and hospitals, Standard & Poor's said Thursday.

Puerto Rico's ongoing fiscal struggles could continue to have negative implications for rated colleges and universities in the commonwealth in the coming year as it has in the past, Standard & Poor's Ratings Services believes.

The Investment Company Institute is urging the Municipal Securities Rulemaking Board to give 529 college savings plan underwriters another extension before they will have to file their first data submissions under a recently adopted rule.

Favorable demographic trends and increases in funding will give Texas colleges and universities an advantage over systems in other states, according to a report from Moody’s.

The Illinois Finance Authority advanced plans for nearly $1 billion in borrowing on behalf of not-for-profit schools and hospitals led by the University of Chicago.

The University of North Texas has received a clean audit after paying back $4.7 million of state funds that were improperly used for the university’s operations, according to a disclosure notice. The audit clears the way for UNT to return to the bond market.

University of North Carolina professor Pab Jotikasthira wins the James A. Lebenthal Memorial prize for best paper submitted at the Brandeis Municipal Finance Conference.

Standard & Poor's credit view of Illinois' flagship public university has dimmed due to uncertainty over when the state will solve its fiscal 2016 budget impasse and how the school will fare in a final plan.

Standard & Poor's outlook on the University of Minnesota Regents' rating has dimmed due to pressures posed by the state flagship school's increasing debt load.