Investments

ARIZONAArizona Board of RegentsMar 30, 2010 . . . . . . $178,350,000

State and local governments pulled in their biggest-ever tax haul in the fourth quarter as they leaned on property tax collections to help recoup shortfalls in other types of revenue.

The Bond Buyer’s weekly yield indexes were mixed this week, as the short end of the municipal yield curve cheapened, but the long end remained unchanged to slightly firmer.

State Street Global Advisors hired Nuveen Investments to manage a suite of five municipal bond exchange-traded funds — plus a series of new funds the company expects to launch in the coming months.

The Dormitory Authority of the State of New York gave final approval to $791.3 million of bonds at its board meeting yesterday, while also creating a finance committee as required under a public authorities reform measure enacted last year.

The University of North Carolina Chapel Hill has $645 million in deferred maintenance needs and may tap the bond market for the renovations, said a board of trustees report published last week.

ARKANSASGreene County Technical School District No. T-1 of Greene CountyMar 30, 2010 . . . . . . $6,975,000

GEORGIABurke County Development AuthorityMar 30, 2010 . . . . . . $90,105,000

WASHINGTON — President Obama’s enactment of a new law yesterday that would require all federally guaranteed student loans to be originated by the federal government has led the state and nonprofit entities that have historically loaned to students to contemplate their future in the market.

LOUISIANALouisiana Offshore Terminal AuthorityMar 22, 2010 . . . . . . $22,980,000

CHICAGO — Principal and interest on $14.5 million of bonds issued in 2002 for a Joliet Junior College housing project in Illinois is now due, after bondholders frustrated with the project’s failure to make timely interest payments since 2005 triggered the payment-acceleration provision in the bond indenture last week.

NEW JERSEYSaddle River BoroughMar 25, 2010 . . . . . . $7,315,000

CALIFORNIACalifornia Statewide Communities Development AuthorityMar 25, 2010 . . . . . . $93,295,000

When Build America Bonds hit the market a year ago, Eaton Vance did not have to do much homework before launching its mutual fund devoted to the new product.

Even as the market for Build America Bonds has evolved over the past 12 months, underwriters, bankers, and analysts are still schooling investors and issuers about the taxable securities using various approaches.

If anyone understands the value of getting people’s attention, it’s Jim Lebenthal.

The pace of cash flowing into municipal bond mutual funds fell off a cliff last week.

Volume will decline sharply this week as the market closes the books on the first quarter.

ILLINOISCommunity Unit School District No. 300 (Kane Co, et al.)Mar 25, 2010 . . . . . . $11,570,000

CALIFORNIACalifornia Infrastructure and Economic Development BankMar 11, 2010 . . . . . . $15,000,000