Higher education bonds

Legislation that authorizes up to $600 million in revenue-backed borrowing for public university and state buildings in Missouri is headed to the House after Senate passage.

New York State is home to a disproportionate share of the nation's speculative-rated colleges and universities.

The University of Connecticut intends to price $220 million of GO bonds, including $120 million for capital improvements under the UConn 2000 program.

A new Austin medical school will share in the proceeds of a $285 million revenue bond issue from the University of Texas System.

South Dakota Gov. Dennis Daugaard last week signed into a law a bill authorizing the state's building authority to issue bonds to help finance a new $65 million football stadium at South Dakota State University.

Harrisburg, Pa., receiver William Lynch will be the featured speaker at Widener University School of Law's April 14 program on municipal distress.

Standard & Poor's has upgraded the rating on San Jose-Evergreen Community College District's general obligation bonds based on its improved financial performance.

The University of California will bring $950 million of revenue bonds to market next week in a tax-exempt and taxable deal to fund construction projects throughout its campuses.

The University of Texas System plans to build a $102 million headquarters in downtown Austin, replacing five buildings it currently uses for offices, officials said.

Moody's Investors Service has downgraded the general revenue bond rating on the University of California ahead of its $750 million bond sale next month.

Standard & Poor's raised its rating on the Iowa Board of Regents' parking system revenue bonds one level to AA-minus based on strong parking demand.

Ohio is selling $300 million of general obligation bonds and Gov. John Kasich is expected to unveil a new budget bill that features an income-tax cut on Tuesday

Moody's Investor’s Service downgraded Yeshiva University further into speculative territory Wednesday, dropping the school to B3 from B1.

Harrisburg University, in Pennsylvania's distressed capital, missed a $1.8 million bond payment on revenue bonds, according to a securities filing.

The double-A rated University of Kentucky prices $244 million of bonds on Tuesday amid a light competitive calendar.

A.T. Still University of Health Sciences in Missouri received a first time rating of A3 from Moody's Investors Service.

S&P raised its GO rating for Amherst, Mass., home of the University of Massachusetts, to AA-plus from AA, citing the town's strong budgetary performance.

The Securities and Exchange Commission has approved a new rule that will require underwriters of 529 college savings plans to submit more in-depth financial information to the Municipal Securities Rulemaking Board twice a year.

With refunding opportunities fading, municipal bond volume in the Southwest region fell 13% from 2012 to $56 billion in 2013.

Moody's Investor's Service downgraded bonds from the University of Puerto Rico two notches deeper into the speculative realm.