Investments

ARKANSASRogers School District No. 30 of Benton CountyMay 12, 2009 . . . . . . $76,835,000

KANSASDickinson County Unified School District No. 473 (Chapman)May 12, 2009 . . . . . . $2,000,000

The Pennsylvania Higher Education Assistance Agency has disclosed that the Internal Revenue Service is requesting information for an audit of $150 million of student loan revenue bonds it issued in 1997.

ILLINOISCentralia (City)May 11, 2009 . . . . . . $1,500,000

CALIFORNIAKing City Public Financing AuthorityMay 4, 2009 . . . . . . $4,990,000

MASSACHUSETTSBrockton (City)May 8, 2009 . . . . . . $9,000,000

ARIZONAFountain Hills Unified School District No. 98May 8, 2009 . . . . . . $4,000,000

Municipal bond mutual funds attracted another giant slug of cash from investors last week as the industry remained a magnet for retail investor interest.

CHICAGO - The Illinois Student Assistance Commission as soon as Thursday will enter the market with a unique tax-exempt $50 million sale of student loan revenue bonds that along with a federal guarantee of 97% on the underlying loans will carry the full faith and credit pledge of the state of Illinois and monoline insurance.

Investors hungry for more taxable Build America Bonds will have another crack at a relatively sizable offering this week when the Illinois State Toll Highway Authority issues up to $500 million of senior-priority revenue bonds amid an estimated slate of $5.6 billion of total new-issue volume, according to Ipreo LLC and The Bond Buyer.

ARKANSASAlma School District No. 30 of Crawford CountyMay 7, 2009 . . . . . . $1,030,000

ALABAMAFlorala (City)Apr 20, 2009 . . . . . . $1,485,000

The municipal market perked up this week, leaving The Bond Buyer’s yield indexes mostly lower. This comes after a period of lackluster trading that had settled in after a mid-April rally.

Tax-exempt money market funds remained in negative territory again this week as total assets declined by $646.9 million to $467.92 billion for the week ending May 4, according to the Money Fund Report, a service of iMoneyNet.com

For investors worried the U.S. Treasury might revoke its promised subsidies to Build America Bonds, Ann-Ellen Hornidge offers some free legal advice: relax.

ARIZONAMesa (City)May 6, 2009 . . . . . . $61,830,000

CALIFORNIADenair Unified School DistrictApr 30, 2009 . . . . . . $3,455,000

Fidelity Investments, Bank of America Corp. and Goldman Sachs Group manage wealth for the largest percentage of U.S. millionaires, according to a survey by Fidelity.

ARKANSASGreenbrier School District No. 47 of Faulkner CountyMay 5, 2009 . . . . . . $3,605,000

ARKANSASArkansas Development Finance AuthorityApr 27, 2009 . . . . . . $4,955,000