Investments

Outflows totaling $3.06 billion caused tax-exempt money market funds to dip to $420.59 billion in total assets during the week ending Oct. 12, according to the Money Fund Report, a service of iMoneyNet.com.

ARKANSASCedar Ridge School District of Independence CountyOct 14, 2009 . . . . . . $2,710,000

ALABAMANortheast Alabama Water, Sewer & Fire Protection DistrictOct 12, 2009 . . . . . . $18,180,000

ARKANSASSheridan School District No. 37 of Grant CountyOct 13, 2009 . . . . . . $14,870,000

ARKANSASMagnolia (City)Oct 12, 2009 . . . . . . $4,030,000

OREGONClackamas Community College DistrictOct 8, 2009 . . . . . . $2,770,000

ALABAMAOneonta Utilities BoardSep 25, 2009 . . . . . . $8,300,000

Municipal bond sales are expected to be slightly lower during this holiday-shortened Columbus Day week, with an estimated $8.32 billion of new volume hitting the market, according to Ipreo LLC and The Bond Buyer. Last week, $8.42 billion of bonds came to market, according to Thomson Reuters.

Weekly reporting municipal bond mutual funds had a net inflow of $1.702 billion during the week ending Oct. 7, Lipper FMI reported.

ARKANSASPrairie Grove School District No. 23 of Washington CountyOct 8, 2009 . . . . . . $8,190,000

ALABAMACoosa Valley Water Supply District, Inc.Oct 7, 2009 . . . . . . $32,140,000

Life has gotten easier for municipal bond exchange-traded funds.

Tax-exempt money market funds generated inflows of $643.2 million and finished the week of Oct. 5 with $423.649 billion in total assets, according to the Money Fund Report, a service of iMoneyNet.com.

Most of The Bond Buyer’s weekly yield indexes rose this week, as several weeks of permeating market firmness began to reverse and some weakness appeared.

WASHINGTON — Groups representing student loan bond issuers, port authorities, and airports are asking Congress to permanently exempt private-activity bonds from the alternative minimum tax and allow all current PABs to be refinanced to obtain the exemption

ARKANSASBryant School District No. 25 of Saline CountyOct 7, 2009 . . . . . . $12,655,000

ALABAMAMobile Downtown Redevelopment AuthorityOct 7, 2009 . . . . . . $60,000,000

The Dormitory Authority of the State of New York goes to market today with the state’s first qualified school construction bond deal. DASNY is marketing at least $50 million of QSCBs while at the same time offering $250 million of Build America Bonds and $99.8 million of tax-exempt bonds all on the state’s personal income tax credit.

Banks ramped up purchases of municipal bonds in the first half of the year in the wake of federal legislation designed to stimulate banks’ interest in state and local government debt.

CONNECTICUTTorrington (City)Oct 6, 2009 . . . . . . $7,500,000