Investments

Standard & Poor last week raised to A-plus from A its rating for Missouri State University’s auxiliary enterprise system revenue bonds due to an improved balance sheet.

CALIFORNIACentral Valley Support Services Joint Powers AgencyJul 1, 2010 . . . . . . $420,000

Investors pulled cash out of municipal bond mutual funds last week for just the third time in a year and a half, despite a strong week for state and local government debt.

As the market closes the books on June’s low volume, investors with proceeds from recent coupon and maturity payments to reinvest hope July perks up following this holiday-shortened week’s relatively light calendar.

The Austin Community College District has completed the latest land acquisition financed with proceeds from a 2009 bond sale that provided some $30 million to buy property for future campuses.

ARKANSASWoodlawn School District No. 6 of Cleveland CountyJul 1, 2010 . . . . . . $1,795,000

ALABAMAOpelika (City)Jun 30, 2010 . . . . . . $10,780,000

Nearly all of The Bond Buyer’s weekly yield indexes declined this week as tax-exempts grew firmer amid light secondary trading.

Tax-exempt money market funds lost $1.44 billion in the week ending June 28, settling at $350.9 billion, according to the Money Fund Report, a service of iMoneyNet.com.

Table as of: 06/30/2010 15:44 PM Invisible Supply Issuer and purpose Amount* Approval

ARKANSASPoyden School District No. 1 of Grant CountyJun 30, 2010 . . . . . . $1,695,000

CALIFORNIAChino Basin Regional Financing AuthorityJun 29, 2010 . . . . . . $42,060,000

The payments that cigarette manufacturers make to the states are dwindling as people smoke less, posing the latest setback to tobacco bonds — a sector that’s enjoyed little good news since the financial crisis.

Table as of: 06/29/2010 16:09 PM Invisible Supply Issuer and purpose Amount* Approval

CALIFORNIASan Juan Unified School DistrictJun 29, 2010 . . . . . . $55,000,000

ALABAMATroyJun 29, 2010 . . . . . . $5,850,000

The Dormitory Authority of the State of New York will be able to issue tax-exempt bonds for nonprofits in the manner previously handled by Industrial Development Agencies, under legislation Gov. David Paterson submitted Tuesday.

Standard & Poor’s upgraded to A-plus from A its long-term rating on the Columbus State Community College District following steady improvements in operations and enrollment.

KANSASMerriam (City)Jun 28, 2010 . . . . . . $3,585,000

ALABAMAColbert CountyJun 28, 2010 . . . . . . $3,110,000