Investments

ARKANSASCutter-Morning Star School District No. 21 of Garland CountySep 1, 2011 . . . . . . $1,975,000

ALABAMADale County Water AuthoritySep 1, 2011 . . . . . . $1,660,000

Outflows continued among tax-exempt money market funds this week as investors withdrew $1.72 billion and total net assets declined to $295.25 billion in the week ended Aug. 29, according to the Money Fund Report, a service of iMoneyNet.com.

Municipal investors were on the sidelines this week, perplexed and uncertain about what their next move should be.

Moody’s Investors Services changed its outlook from positive to stable on $100 million of fixed-rate revenue bonds that Chapman University, a private school in Orange County, plans to issue.

ARKANSASFouke School District No. 15 of Miller CountyAug 30, 2011 . . . . . . $3,765,000

CALIFORNIACalifornia Infrastructure and Economic Development BankAug 31, 2011 . . . . . . $9,825,000

ARKANSASFouke School District No. 15 of Miller CountyAug 30, 2011 . . . . . . $2,275,000

COLORADOBasalt Sanitation DistrictAug 29, 2011 . . . . . . $2,460,000

Every bond has its season. In the current environment of ultra-low rates and a steep municipal yield curve, the sun is shining on premium bonds.

Kicker bonds offer unique benefits depending on whether you are a short-term or a long-term buyer. But each strategy carries its own risks.

IOWAFort Dodge Community School DistrictAug 29, 2011 . . . . . . $21,260,000

CALIFORNIABellevue Union School DistrictAug 26, 2011 . . . . . . $13,675,000

MINNESOTARed Rock Central Independent School District No. 2884Aug 26, 2011 . . . . . . $900,000

ALABAMAGlencoe (City)Aug 26, 2011 . . . . . . $3,300,000

BRADENTON, Fla. — A federal bankruptcy judge has allowed Lambuth University to lease its grounds to Tennessee's Board of Regents so that utilities remain on and the University of Memphis can begin offering classes there this fall.

CHICAGO — After a slow 2010, capital spending by nonprofit health care borrowers will likely remain low through 2015 amid a still-weak economy and the uncertain impact of the new federal health care law, according to Fitch Ratings.

Fitch Ratings has affirmed its long-term triple-A rating on Dartmouth College bonds issued by the New Hampshire Health and Education Facilities Authority, while assigning a stable outlook.

As rating agencies seek to provide more transparency and regain accountability on how they rate credits, Standard & Poor's has issued a report stating how it will suspend ratings for U.S. public finance issuers.

The municipal market can expect to see $1.2 billion in new issuance this week, down dramatically from last week's revised $4.42 billion as the market takes a rest before Labor Day.