Investments

Higher education, transportation, essential services, and Build America Bond offerings feature in the market this week as part of an estimated $5.36 billion in new volume, according to Ipreo LLC and The Bond Buyer.

CALIFORNIACalifornia Health Facilities Financing AuthorityFeb 4, 2010 . . . . . . $60,000,000

ILLINOISArlington Heights Township High School District No. 214Feb 4, 2010 . . . . . . $1,500,000

After slowing from the massive outflows of two weeks ago, the losses of tax-exempt money market funds inched up to $3.37 billion and total assets settled at $387.61 billion for the week ended Feb. 1, according to the Money Fund Report, a service of iMoneyNet.com.

The federal government expects to recoup through taxes most of the subsidies it pays on Build America Bonds, according to the federal budget released this week.

All The Bond Buyer’s weekly yield indexes declined this week as the market firmed up in all the week’s sessions.

CALIFORNIASan Jose Unified School DistrictFeb 3, 2010 . . . . . . $18,370,000

ALASKAAlaska Industrial Development and Export AuthorityFeb 2, 2010 . . . . . . $87,105,000

ILLINOISDecatur Park DistrictFeb 2, 2010 . . . . . . $1,395,000

CALIFORNIALake Elsinore Public Financing AuthorityJan 26, 2010 . . . . . . $15,435,000

Stock market volatility is not the top item on the list of things municipal bond investors worry about.

The state would privatize the Ohio Lottery and the Ohio Turnpike and use the money to fund a college scholarship program under a bill introduced last week by Sen. Kevin Coughlin.

ILLINOISAurora West School District No. 129Feb 1, 2010 . . . . . . $12,000,000

GEORGIAGwinnett County School DistrictJan 14, 2010 . . . . . . $255,080,000

AUSTIN — Not yet a year after Build America Bonds began to lift municipal debt issuance to its second-highest volume on record, issuers and brokers are finding that they must commit more time to educating potential investors who make up an increasingly diverse base of buyers, experts told The Bond Buyer’s Texas Public Finance Conference yesterday.

CHICAGO — The University of Minnesota, one of the first borrowers to use the Build America Bond program last spring, enters the market today with $36 million of fixed-rate, new-money bonds that will again tap the federal stimulus program.

CALIFORNIAMilpitas Unified School DistrictJan 28, 2010 . . . . . . $11,670,000

CALIFORNIAMendota USDJan 28, 2010 . . . . . . $4,985,000

Table as of: 01/29/2010 18:40 PM Invisible Supply Issuer and purpose Amount* Approval

WASHINGTON — The Obama administration will recommend making permanent the Build America Bonds program in its fiscal 2011 budget proposal Monday, a Treasury spokesperson said Friday night.