Investments

ALABAMAClanton (City)Sep 18, 2009 . . . . . . $3,855,000

DALLAS - The Tyler Junior College District will upgrade and repair critical infrastructure and existing facilities at its campuses in the East Texas city of Tyler with proceeds from today's competitive sale of $24.5 million of 10-year maintenance tax notes.

Moody’s Investors Service last week downgraded Concordia University’s rating one notch to Baa1 on $22.8 million of outstanding debt issued in 1998. The school faces stagnant net tuition rates and reduced support from its governing body, the Lutheran Church-Missouri Synod, analysts said.

MICHIGANChesaning Union SchoolsSep 21, 2009 . . . . . . $2,800,000

Retail investors and mutual funds snapped up municipal bonds in the second quarter, powering the fastest growth in outstanding state and local government debt in two years.

ALABAMAAlabama Incentives Financing AuthoritySep 17, 2009 . . . . . . $140,350,000

Municipal bond mutual funds continue to amass record quantities of cash from investors, building a pillar of demand for state and local government debt even as bond yields have never been lower.

In what is the single-largest note deal so far this year, California will issue $8.8 billion of revenue anticipation notes this week, more than double the estimated $4.37 billion of long-term volume expected to be priced in the primary market, according to Ipreo LLC and The Bond Buyer.

WASHINGTON — The Treasury Department’s guarantee program for money market funds expired Friday after generating $1.2 billion of fees from funds that participated in the program.

CHICAGO - Downtown Chicago-based Roosevelt University is planning to sell up to $210 million of new-money and refunding bonds later this year to raise funds for a new multi-use building that will include new student housing as part of its evolution from a commuter school to a residential urban campus.

CHICAGO - Kent State University in Ohio plans to enter the market tomorrow with $225 million of fixed-rate refunding bonds in a transaction that will reduce the school's variable-rate debt by nearly three-fourths and eliminate most of its outstanding swaps and letters of credit.

CALIFORNIABelvedere (City)Sep 17, 2009 . . . . . . $1,592,404

IOWAIowa Board of RegentsSep 17, 2009 . . . . . . $26,000,000

WASHINGTON — The House yesterday easily approved by a vote of 252 to 171 legislation that would eliminate the Federal Family Education Loan program, in line with the Obama administration’s push to require all federally guaranteed student loans to be issued directly by the federal government.

The Bond Buyer’s weekly yield indexes declined this week, as tax-exempts showed gains in nearly all the week’s sessions.

After slight inflows last week, tax-exempt money market funds fell by $5.33 billion and settled at $437.36 billion for the week ending Sept. 14, according to the Money Fund Report, a service of iMoneyNet.com. The drop coincided with the Sept. 15 corporate tax deadline.

Table as of: 09/17/2009 16:34 PM Invisible Supply Issuer and purpose Amount* Approval

ARKANSASGentry School District No. 19 of Benton CountySep 16, 2009 . . . . . . $6,565,000

Interactive Data Corp. and Pluris Valuation Advisors LLC have teamed up to provide what they contend will be first-of-its-kind daily pricing data for illiquid student loan and other municipal auction-rate securities.

CHICAGO - Michigan could partner with private companies to build or operate its highways and bridges to boost badly needed transportation revenue under a bill being considered by the Legislature.