Investments

ALABAMAHamilton (City)Jul 16, 2009 . . . . . . $5,435,000

The Treasury Department is seeking public comments on tax-advantaged college savings plans that involve municipal securities, including whether tax subsidies are the most cost-effective way to make college affordable for low- and middle-income families.

BRADENTON, Fla. - Using an analogy between "fish and chips" and derivatives transactions to frame his decision, a federal judge weighing the Alabama Public School and College Authority's bid to void a swaption has finally issued his first ruling nine months after the case was filed.

CONNECTICUTShelton (City)Jul 28, 2009 . . . . . . $2,165,000

CALIFORNIAOxnard Financing AuthorityJul 28, 2009 . . . . . . $20,005,000

DALLAS - The Houston-area Lone Star College System had its underlying credit raised to AAA from AA-plus by Standard & Poor's as it prepares to come to market with $150 million of general obligation bonds.

Standard & Poor’s last week upgraded Northwestern Michigan College’s debt two notches to AA in recognition of its very strong reserves and good financial management.

WASHINGTON - The Internal Revenue Service is auditing $50.9 million of revenue bonds issued in 2003 by the University and Community College System of Nevada, now called the Nevada System of Higher Education.

CHICAGO - Cleveland's University Hospitals Health System today will take retail orders on $101 million of fixed-rate and variable-rate revenue bonds to raise funds for its $1 billion capital improvement plan and to refinance some outstanding debt.

Wisconsin Gov. Jim Doyle last week signed a law that allows universities and charitable organizations more leeway in dipping into their endowments.

ILLINOISBourbonnais Township Park DistrictJul 27, 2009 . . . . . . $3,300,000

ALABAMAAlabama Board of EducationJul 16, 2009 . . . . . . $9,000,000

CHICAGO - Chicago-area governments should follow the City Colleges of Chicago's lead by holding their property tax levies steady and offering backup plans for possible state aid cuts, according to a report from a local business-funded government watchdog group on the colleges' $492 million fiscal 2010 budget.

NEW JERSEYChatham TownshipJul 17, 2009 . . . . . . $760,000

ALABAMAJackson County Health Care AuthorityJul 15, 2009 . . . . . . $10,315,000

Investors continued to pour unprecedented sums of cash into municipal bond mutual funds last week, pushing assets further into record territory.

Issuers in Texas and California will dominate the primary calendar this week - bringing a fresh supply of Build America Bonds to the new-issue market - as the end of July marks the arrival of an estimated $5.91 billion of total competitive and negotiated volume, according to Ipreo LLC and The Bond Buyer.

CONNECTICUTLisbon (Town)Jul 23, 2009 . . . . . . $1,350,000

CALIFORNIACalifornia Communities Note ProgramJul 22, 2009 . . . . . . $293,000,000

The Bond Buyer’s weekly yield indexes were mixed this week, as the municipal market meandered in both directions at times, leaving the market at roughly the same levels from a week ago.