Investments

The U.S. Army Corps of Engineers sees public-private partnerships as a potential funding source for water infrastructure projects.

Raymond James is continuing its expansion on the West Coast with the recent addition of an education banker to its public finance group in San Francisco.

Syncora Guarantee Inc. is challenging bankrupt Detroit's April settlement with its unlimited-tax general obligation bondholders, saying it violates Michigan law.

Detroit's two interest-rate swap counterparties returned to court to complain that the city's plan of confirmation does not conform to the terms of the settlement they reached with the city.

KENTUCKY

FLORIDA

Many highly-rated sewer utility credits can weather federal consent decrees that mandate substantial upgrades with proper management and planning for the increased costs, Moody's Investors Service concludes in a new report.

Details are starting to emerge on an opaque part of the market, as issuers respond to a Standard & Poor's request for disclosure on municipalities' direct loans.

NEW YORK

ARIZONA

After a short-lived supply boost last week, volume will drop by an estimated $5 billion this week as issuers scale back financings and underwriters and investors head into the Fourth of July holiday.

Nationwide poll finds most Americans would support a higher gas tax if revenues are dedicated to highway and transit projects.

A recently approved policy change that extends the accreditation review period is a credit positive for the San Francisco Community College District, according to Moody’s Investors Service.

The chief mediation in Detroit's Chapter 9 case has ordered the city to meet Monday with holders and insurers of $1.4 billion of certificates of participation to try to reach a settlement.

CONNECTICUT

ALABAMA

The Bond Buyer's muni bond indexes strengthened in the week ending June 26.

Proposals to require colleges and universities to meet standards in areas such as graduation rates and students' abilities to repay loans in order to issue tax-exempt bonds drew concerns from municipal bond and higher education professionals, who warned of increased reporting requirements for the schools.

Tax-exempt money market funds reported outflows of $696.9 million as total net assets settled at $255.5 billion in the week ended June 23, according to The Money Fund Report, a service of iMoneyNet.com.

Bankruptcy Judge Steven Rhodes blocked insurer Syncora's request to question the state attorney general, and gave a limited green light to plan for the city's proposal to take the court on a bus tour of the city as part of the upcoming trial.