Investments

Tax-exempt money market funds suffered outflows of $7.81 billion and slipped below the previous week's record high asset growth during the week ending Aug. 25, according to the Money Fund Report, a service of iMoneyNet.com of Westborough, Mass.

ALABAMARussellville Water Works and Sewer BoardAug 8, 2008 . . . . . . $9,990,000

ALABAMAAlabama Housing Finance AuthorityAug 27, 2008 . . . . . . $30,000,000

ALABAMAAuburn UniversityAug 21, 2008 . . . . . . $92,500,000

ARIZONAFlagstaff Unified School District No. 1Aug 26, 2008 . . . . . . $20,000,000

CHICAGO - On the heels of the sale of a financially troubled borrower to a for-profit buyer, the Cleveland-Cuyahoga County Port Authority is dipping into its reserves and taking out a short-term bank loan in order to redeem $5.7 million in tax-exempt bonds issued on behalf of the borrower.

ALABAMAHeflin Industrial Development BoardAug 6, 2008 . . . . . . $2,000,000

IOWAVan Meter (City)Aug 25, 2008 . . . . . . $550,000

ARIZONAArizona Health Facilities AuthorityAug 21, 2008 . . . . . . $917,860,000

The primary market will see a skimpy sampling of moderately sized deals this week as new-issue volume dips to $3.09 billion, according to Thomson Reuters, and the municipal market slows to a snail's pace in the last full week of trading activity before the Labor Day hiatus.

Massachusetts officials are working on what could be the largest fixed-rate student loan bond deal this year, a $400 million transaction to help finance private undergraduate and graduate loans for the upcoming school year.

Weekly reporting municipal bond mutual funds had a net inflow of $338 million during the period ending Aug. 20, AMG Data Services reported.

ARIZONAHigley Unified School District No. 60Aug 20, 2008 . . . . . . $15,315,000

CALIFORNIAKern County Board of EducationAug 21, 2008 . . . . . . $5,000,000

A student housing organization does not qualify for tax-exempt status and cannot finance projects with tax-exempt bonds because it fails to meet several charitable criteria, the Internal Revenue Service concluded in a private-letter ruling released last week.

Tax-free money market funds gained inflows of just $1.30 billion during the week ending Aug. 18, but that didn't stop the asset class from setting a record for total assets for the third week in a row, increasing to $528.36 billion, according to the Money Fund Report, a service of iMoneyNet.com of Westborough, Mass.

Nearly all The Bond Buyer's weekly yield indexes declined this week, as the municipal market was firmer in most of the week's sessions, and investors digested a healthy amount of new-issue supply.

CALIFORNIACalifornia Health Facilities Financing AuthorityAug 12, 2008 . . . . . . $63,110,000

ARKANSASFarmington School District No. 6 of Washington CountyAug 20, 2008 . . . . . . $9,835,000

ALABAMAUniversity of Alabama Board of TrusteesAug 18, 2008 . . . . . . $45,425,000