Investments

Northern Virginia Transportation Authority will sell $69 million of revenue bonds to finance regional transportation infrastructure.

CALIFORNIA

ALABAMA

JEA, north Florida's largest utility, rejected a plan by Jacksonville's mayor to contribute $400 million to the city's pension liability, but agreed to consider negotiating a smaller amount and may issue pension obligation bonds.

The University System of Georgia's 65-year college housing privatization, which will defease $325 million in bonds, is being closely watched by higher education, finance, and housing industries.

ARKANSAS

CALIFORNIA

President Obama is pushing for Congress to take up his proposed $302 billion, four-year Grow America Act before the extension of the Highway Trust Fund expires in May, a top Transportation Department official said Tuesday at The Bond Buyer's Transportation Finance/P3 Conference.

High speed rail in the U.S. is stymied by a lack of political will and no dedicated funding.

FLORIDA

ARKANSAS

Standard & Poor's revised its outlook on BBB-rated Iona College to stable from negative, citing improved financial ratios as the Catholic school battles enrollment pressures.

The failure of Congress to agree on sustainable, long-term federal transportation funding is leading to more local solutions.

Virginia Transportation Secretary Aubrey Layne says new P3 rules remove the mystery from the selection process.

KENTUCKY

ALABAMA

Volume is forecast to more than double to nearly $7.9 billion this week as Connecticut makes its way to the helm of the primary market with its $550 million offering of general obligation bonds.

Innovative businessman James A. Lebenthal — whose family was often referred to as the first family of New York City municipal bonds — is widely credited as the first broker to use the media to sell tax-exempt investments to individual investors. He coined such phrases in his ads as "bonds are my babies" and championed the debt of projects like the World Trade Center.

The Metropolitan Washington Airports Authority approves a $1 billion capital construction program at Reagan National Airport.

In a bid to boost its sagging economy, Puerto Rico is contemplating its biggest tax overhaul in decades.