Investments

A lawsuit challenging the legality of the Dulles Rail project's toll-powered funding mechanism will have to head to yet another venue after the federal court weighing the case decided it did not have jurisdiction to rule on the matter.

Tax-exempt money market funds amassed $2.92 billion in new cash as total net assets rose to $275.72 billion in the week ended Dec. 10, according to The Money Fund Report, a service of iMoneyNet.com.

ARKANSAS

ALABAMA

The transportation infrastructure sector is expected to be stable across the board in 2013 despite fiscal cliff pressures and long-term funding concerns, according to Fitch Ratings.

Fitch Ratings has assigned a stable outlook for 2013 to the colleges and universities sector, based on demand and enrollment, liquidity, and risk management.

Mountain State University in West Virginia has redeemed its outstanding tax-exempt debt as the private nonprofit institution winds down its operations.

Public-private partnerships will take over operations in 2013 at three Louisiana State University hospitals and another one under construction.

Representatives from a rating agency and the investment community weighed in on the dramatic changes affecting the higher education business model at The Bond Buyer 501(c)3 conference.

Table as of: 12/11/2012 15:00 PM Invisible Supply Issuer and purpose Amount

CALIFORNIA

ARIZONA

Pension funding bonds are more likely to hurt, rather than help, the credit of the state or local government issuing them, according to a report from Moody's Investors Service.

Janney Capital Markets said in a report this week that the spreads on single family housing finance agency bonds are attractive, given reduced concerns of credit risk.

Upholding a recent downward trend that began in early 2011, the household sector continued to pare its holdings of municipal debt in the third quarter, declining by $65.9 billion, or 3.6%, to $1.75 trillion, one of its lowest levels of ownership since 2008, according to new data released last week by the Federal Reserve Board.

GEORGIA

Lumesis, Inc. has launched a new product that aims to provide municipal market professionals with easy, cost-effective access to comprehensive bond reports.

INDIANA

ALABAMA

December issuance sticks to form as the muni bond market should expect a hefty calendar this week, to the tune of an anticipated $11.61 billion of total volume.