Investments

ARIZONAFlorence Unified School District No. 1May 26, 2011 . . . . . . $4,895,000

The Dormitory Authority of the State of New York Thursday will sell $684.2 million of tax-exempt and taxable personal-income tax revenue bonds through competitive bid.

Investors continue to withdraw money from municipal bond mutual funds. Muni bond funds that report their flows weekly had net outflows of $296 million in the week ended May 25, according to Lipper FMI.

The municipal market can expect $2.5 billion of new issuance in a holiday-shortened week, including two sizeable New York deals, but that’s not enough to keep up with last week’s revised $4.3 billion total, which was up from a revised $3.9 billion the week before, according to Ipreo LLC and The Bond Buyer.

The Council of Bond Oversight last week authorized the Oklahoma Development Finance Authority to issue $100 million of debt for the higher education master real property program for projects at state colleges and universities.

ARIZONAPeoria Municipal Development Authority, Inc.May 26, 2011 . . . . . . $7,920,000

ALABAMAAlabama Board of EducationMay 26, 2011 . . . . . . $5,635,000

Tax-free money market funds took in $82.8 million and settled with $309.12 billion in the week ended May 23, according to the Money Fund Report, a service of iMoneyNet.com.

BRADENTON, Fla. — Lambuth University in Jackson, Tenn., has filed an audit that “raises substantial doubt about its ability to continue as a going concern.”

CONNECTICUTDerby (City)May 25, 2011 . . . . . . $9,900,000

ALABAMACullman Utilities BoardMay 24, 2011 . . . . . . $58,485,000

For portfolio managers of municipal bond funds, the past several months haven’t been for the faint of heart. Still, muni fund managers report mixed experiences in riding out the prolonged flood of outflows.

Table as of: 05/24/2011 15:19 PM Invisible Supply Issuer and purpose Amount* Approval

ARKANSASValley View School District No. 58 of Craighead CountyMay 24, 2011 . . . . . . $16,605,000

ILLINOISMundelein High School District No. 120May 24, 2011 . . . . . . $10,000,000

ILLINOISFenton Community High School District No. 100May 23, 2011 . . . . . . $3,420,000

ARKANSASParagould (City)May 23, 2011 . . . . . . $7,415,000

DALLAS — The University of Colorado Hospital Authority plans to issue $200.8 million of variable-rate revenue bonds this week for a new medical tower on its rapidly expanding Anschutz Campus in Aurora.

The Mainland Community College District’s request for $87 million of general obligation bonds failed after a count of mail-in ballots resulted in more 'no’ votes.

OKLAHOMACuster County Independent School District No. 5 (Arapaho-Butler)May 20, 2011 . . . . . . $385,000