Investments

Brevard College was downgraded by Fitch Ratings last week due to declining enrollment and negative operating margins for the last two fiscal years.

CHICAGO - Indiana's Purdue University is set to enter the market as soon as today with $113 million of student fee revenue bonds.

The Dormitory Authority of the State of New York yesterday announced the selection of a new slate of underwriters and gave preliminary and final approval to sales of $772.6 million of debt at its monthly board meeting.

ALABAMABullock CountyMar 25, 2009 . . . . . . $1,565,000

IOWADavenport (City)Mar 25, 2009 . . . . . . $16,530,000

Banks across the nation managed to slightly increase their holdings of municipal debt in 2008 and reach their highest level of ownership since 1991, despite the turmoil that transformed the securities and banking industries last year, according to annual information compiled by Highline Data LLC.

BRADENTON, Fla. - The Tennessee State School Bond Authority today hopes to price $133.1 million of new and refunding revenue bonds for various colleges - an effort underscored with the launch of a new Web site to attract retail and in-state buyers.

ARIZONAMaricopa County Pollution Control CorporationMar 19, 2009 . . . . . . $100,600,000

ALABAMAChilton County County Board of EducationMar 24, 2009 . . . . . . $2,170,000

DALLAS - The Maricopa County, Ariz., Community College District will use proceeds from today's competitive sale of $220 million of general obligation bonds to complete more than half the work promised to voters in 2004.

CHICAGO - Buoyed by healthy finances despite a slight cut in state appropriations, Indiana University will enter the market today with $75 million of double-A rated revenue bonds that will help finance its capital improvement plans.

ALABAMAMadison County Board of EducationMar 11, 2009 . . . . . . $38,955,000

ILLINOISRock Island (City)Mar 23, 2009 . . . . . . $3,380,000

After digesting a revised $5.23 billion of new issues last week - highlighted by the mostly oversubscribed $1.54 billion Wisconsin state appropriation financing - California this week will leave an even larger footprint in the primary with its planned $4 billion sale of general obligation bonds as volume soars to an estimated $9.25 billion, according to Thomson Reuters.

SAN FRANCISCO - After 16 years as an investment banker with Lehman Brothers and successor Barclays Capital, Peter J. Taylor was appointed last week as chief financial officer and executive vice president of the University of California system.

The University of Medicine and Dentistry of New Jersey plans to refinance up to $575 million of debt before April 15, in part to avoid accelerated debt payments on a series of outstanding variable-rate bonds.

Cash influxes into municipal bond mutual funds accelerated last week as state and local government debt continued to gain traction among retail investors.

ALABAMATuscumbia (City)Mar 16, 2009 . . . . . . $2,785,000

MASSACHUSETTSFalmouth (Town)Mar 20, 2009 . . . . . . $4,000,000

After one week of inflows, tax-exempt money market funds returned to negative territory, losing $7.3 billion for the week ending March 16 with $485.76 billion, according to the Money Fund Report, a service of iMoneyNet.com.