Investments

ARKANSAS

The University of Texas System will seek savings with a $134 million refunding of revenue bonds.

U.S. lawmakers are stepping up scrutiny of colleges and universities with endowments of more than $1 billion and are threatening to introduce legislation that could jeopardize the tax-exempt status of their bonds.

FLORIDA

MICHIGAN

The District of Columbia’s proposed six-year capital improvements plan includes $6.3 billion in infrastructure spending, nearly $4.3 billion of which will be financed with the issuance of municipal bonds.

Kentucky Attorney General Andy Beshear said Friday he will file suit if Gov. Matt Bevin fails to rescind immediate budget cuts the governor imposed at state colleges and universities.

Colorado Gov. John Hickenlooper’s signature on recently passed legislation will clear a path for the University of Colorado’s $168 million issue of new money and refunding bonds.

Municipal managers are optimistic the price volatility and outflows associated with the April 15 tax deadline and spring redemption season will bring additional buying opportunities.

MICHIGAN

ALABAMA

Citing strong enrollment growth and improving financial trends, Standard & Poor’s upgraded Texas Tech University System to AA-plus.

Drivers’ use of toll roads, bridges and tunnels increased by 7% last year, a record-breaking rate of growth that puts tolling usage on pace to double in less than 10 years, according to a report.

As the battlefield shifts to its 2017 budget from its 2016 budget, Pennsylvania’s sharp political divide has had heavy ramifications in the capital markets.

ARIZONA

ARKANSAS

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, dropped three basis points to 4.03% from 4.06% in the previous week.

States and cities should prioritize OPEB overhaul as much as they do pension overhaul, according to a Manhattan Institute report.

Kentucky lawmakers sent Gov. Matt Bevin a sweeping bill authorizing public-private partnerships, although it prohibits tolls on any state transportation projects that connect with Ohio.

The National Development Council is highlighting what it describes as its proven “American model” for social infrastructure public-private partnerships, which uses tax-exempt bonds.