Investments

Amid increased demand and liquidity in the short-term market, inflows kept tax-exempt money market funds in positive territory for a third week in a row, gaining $7 billion in new cash for the week ending Oct. 20, according to the Money Fund Report, a service of iMoneyNet.com.

DALLAS - The University of Texas Board of Regents plans to issue $401 million of refunding bonds next week for the triple-A rated Permanent University Fund that endows the UT and Texas A&M University systems.

ALASKANorth Slope BoroughOct 21, 2008 . . . . . . $44,485,000

ARKANSASWestside School District No. 40 of Johnson CountyOct 22, 2008 . . . . . . $2,705,000

The New Jersey Educational Facilities Authority yesterday approved up to $800 million of refinancing debt, including $575 million for the University of Medicine and Dentistry of New Jersey.

ARKANSASNorth Little Rock Residential Housing Facilities BoardOct 14, 2008 . . . . . . $8,350,000

ARKANSASEast Poinsett County School District No. 14 of Poinsett CountyOct 21, 2008 . . . . . . $540,000

WASHINGTON - The Brazos Higher Education Service Corp. has extended to the end of the month the deadline for issuers to agree to voluntarily tender, at less than par, roughly $6 billion of outstanding taxable student-loan related securities so that it can restructure them as term floating-rate notes.

COLORADOColorado Educational and Cultural Facilities AuthorityOct 17, 2008 . . . . . . $14,025,000

INDIANAUnion-North United School Building CorporationOct 20, 2008 . . . . . . $1,285,000

Arizona State University officials will ask state lawmakers in the upcoming 2009 session to authorize the creation of a special university stadium district to help finance renovation of the school’s 50-year-old Sun Devil Stadium.

DALLAS - Arizona's professional sports mecca of Glendale will take its chances in the bond market today with a $199 million issue to finance a new spring training facility for Major League Baseball's Chicago White Sox and Los Angeles Dodgers.

CHICAGO - The Wisconsin Health and Educational Facilities Authority yesterday advanced the borrowing plans of four major health care systems totaling about $800 million in new-money and refunding debt, including $450 million from Froedtert & Community Health Inc.

CALIFORNIACaliforniaOct 16, 2008 . . . . . . $5,000,000,000

INDIANAHighland (Town)Oct 16, 2008 . . . . . . $1,900,000

Nonprofits in New York City that have been stuck with high interest rates on their variable-rate bonds issued by the New York City Industrial Development Agency could have the chance to refund that debt.

Following the pricing of last week's $5 billion revenue anticipation note sale by California, both the short- and long-term primary markets will be much more subdued this week, with only a handful of negotiated deals expected to be priced by issuers willing to enter the market at the prevailing higher interest rates.

Weekly reporting municipal bond mutual funds had a net outflow of $2.285 billion during the period ending Oct. 15, AMG Data Services reported.

WASHINGTON - Hundreds of municipal issuers of auction-rate securities are still grappling with failed auctions that have resulted in sky-high interest rates, eight months after broker-dealers stopped supporting auctions and the ARS market collapsed.

CALIFORNIAChawanakee Unified School DistrictOct 15, 2008 . . . . . . $3,500,000