Investments

The University of Connecticut intends to sell $342 million of GO bonds under its UConn 2000 infrastructure improvement program, including a $42 million refunding.

ALABAMA

ARKANSAS

The Federal Transit Administration will distribute $266 million of competitive grants this year for transit infrastructure and environmentally friendly bus projects.

In the Flint, Mich., case, Congress seems to be making clear it will increase its criticism of state and local leaders, but avoid any fiscal or moral responsibility.

ARKANSAS

Private investors in Maryland’s multi-billion dollar Purple Line P3 rail project will finance their share of construction with a federal loan and private-activity bonds.

The impact a Chapter 9 bankruptcy would have on Chicago Public Schools and its investors is cloudy, market participants say.

As Congress ponders a solution to Puerto Rico’s financial crisis, some members of the buy side community say a comprehensive debt restructuring could create buying opportunities.

GEORGIA

KANSAS

New Jersey labor unions are calling for the state’s pension fund to scale back its alternative investments to help cut down on fees paid to Wall Street firms.

Mississippi state senators approve a placeholder measure that keeps a proposed gas tax increase on the table.

Fitch Ratings’ recent guidance on school bond ratings won’t bring across-the-board higher ratings to California school bonds; the agency will require a legal opinion to consider such GO bonds to be special revenues in a bankruptcy case.

ALASKA

ALABAMA

Texas A&M University System reported higher-than-expected savings on the refunding of its revenue bonds after a Standard & Poor’s upgrade to triple-A.

Chicago Transit Authority will use a $255 million federal TIFIA loan to replace more than 800 rail cars.

ARKANSAS

ALABAMA