Munis

The University of California is planning to sell $2.6 billion of revenue bonds next week to restructure all of its outstanding lease revenue bonds issued by the State Public Works Board.

Indiana Secondary Market for Education Loans, Inc. entered into a voluntary closing agreement with the Internal Revenue Service over $221.65 million of student loan bonds issued from 2001 through 2004. Under the agreement, the issuer made a payment to the IRS and redeemed all outstanding bonds.

The University of Texas will issue $255 million of bonds to fund new engineering building on its Austin campus.

The Illinois Finance Authority advanced borrowing plans by Presence Health and several other elementary and higher education institutions totaling more than $400 million this week.

Both the California Assembly and Senate approved a bill that would establish parameters for school and community college capital appreciation bond issuances.

The California Senate approved a bill that would establish parameters for school and community college bond issuances.

Connecticut Gov. Dannel Malloy signed legislation creating a $200 million bioscience innovation fund, which will invest through grants, equity investments, loans and loan guarantees.

Illinois' public universities are burdened by the weight of state inaction on pension reform, declining aid and tight in-state tuition regulations, according to Moody's Investors Service.

Standard & Poor’s upgraded Syracuse University’s long-term debt to AA-minus from A-plus, citing growing enrollment.

Texas A&M University System is preparing to issue $353 million of taxable and tax-exempt revenue bonds for the most costly college stadium renovation in U.S. history.

The University of Florida's Shands Healthcare has agreed to pay $26.2 million to settle allegations due to overpayments by Medicare and Medicaid.

Austin Community College District in central Texas will delay until 2014 a proposed GO bond referendum of up to $500 million.

The Dormitory Authority of the State of New York board approved the sale of $1.4 billion in bonds on Wednesday.

Atlanta Mayor Kasim Reed said Morris Brown College rejected a plan to help the college exit bankruptcy and also help locate a new Atlanta Falcons stadium but the proposal is still in play.

The University of Washington is planning to sell $143 million of general revenue bonds next week to finance various capital improvements, including the renovation of the Husky Stadium.

Boston College has scheduled a $335 million bond sale in two tranches, with proceeds to benefit capital projects. Barclays is the lead manager.

Moody's Investors Service hit seven of eight Illinois public universities with a downgrade Friday including the flagship University of Illinois in action that cuts more than $2 billion of rated debt primarily over exposure to the state's fiscal woes.

Soon after a New Hampshire authority became the first issuer to withdraw from the Internal Revenue Service's voluntary closing agreement program for student loan bonds, the IRS initiated an audit of $135.4 million of adjustable rate education loan revenue bonds it issued in 2011.

The City Colleges of Chicago has picked a banking team led by Jefferies for its inaugural sale of $250 million of debt that's on track to sell in September or October.

Moody's Investors Service has downgraded the rating on Redwoods Community College District to A1 from Aa2 and assigned a negative outlook.