Investments

ALABAMAAlabaster (City)Mar 4, 2010 . . . . . . $10,835,000

State and local governments are getting very little help from earnings on their investments at the precise time they need it most.

The Bond Buyer’s weekly yield indexes declined this week, as the tax-exempt market firmed slightly in each of the week’s sessions.

After a rare week of inflows, tax-exempt money market funds returned to negative territory in the week ending March 1, losing $2.15 billion and settling at $379.60 billion in total assets, according to the Money Fund Report, a service of iMoneyNet.com.

ARKANSASLonoke School District No. 1 of Lonoke CountyMar 3, 2010 . . . . . . $6,620,000

ARIZONAChandler (City)Mar 2, 2010 . . . . . . $10,450,000

Short-term interest rates near zero are a bonanza for the closed-end fund industry. If only they lasted forever.

Nuveen Investments last month proposed the latest in a proliferation of investment vehicles devoted to Build America Bonds: a BAB closed-end fund.

CHICAGO — With Illinois more than $700 million in arrears on aid it owes its public universities, the Senate approved a measure yesterday that would allow the universities to issue short-term debt to manage through the ongoing payment delays.

The University of North Carolina system expects to issue $151.4 million of pool revenue bonds for six state universities next week as the state’s difficult budget decisions may affect tuition rates.

ARKANSASAlma School District No. 30 of Crawford CountyMar 2, 2010 . . . . . . $14,260,000

CALIFORNIAOakland (City)Feb 23, 2010 . . . . . . $3,148,483

Standard & Poor’s last week revised its outlook to stable from negative on the University of Chicago Medical Center’s AA-minus rating due to its strong operating performance over the last year.

IOWAAtkins (City)Mar 1, 2010 . . . . . . $775,000

CALIFORNIAABAG Finance Authority For Nonprofit CorporationsMar 1, 2010 . . . . . . $9,920,000

DALLAS — In a lean budget environment, the University of Texas Board of Regents will hit the market with $700 million of triple-A rated revenue bonds this month, starting today with a $330 million issue.

WASHINGTON — ­The Maryland Health and Higher Educational Facilities Authority is expected Wednesday to price the state’s first charter school municipal bonds, an achievement 18 months in the making and another sign that investor appetite for credit risk has returned.

Table as of: 02/26/2010 15:54 PM Invisible Supply Issuer and purpose Amount* Approval

COLORADOJefferson County School District No R-1Feb 25, 2010 . . . . . . $233,400,000

SAN JUAN — Nearly one year after Puerto Rico implemented its fiscal reconstruction plan to reduce operating costs, generate more tax revenue, and curtail borrowing, investors are both optimistic and cautious.