Munis

Oklahoma is seeking legal assurance that a state university bond program is constitutional.

Louisiana will issue $251.6 million of bonds for community college project under legislation signed into law Monday by Gov. Bobby Jindal.

Texas Gov. Rick Perry said there is not enough time left in the Legislature's special session to deal with college tuition revenue bonds.

The ratings of Illinois' eight public universities and their collective $2.5 billion of debt face a potential downgrade over exposure to the state's fiscal woes, Moody's investors Service warned.

The Municipal Securities Rulemaking Board has filed with the Securities and Exchange Commission a rule to establish a database for 529 college savings plans.

Key members of the Texas Legislature are developing plans to salvage $2 billion of college and university construction bonds in a special session whose only agenda involves redistricting.

Standard & Poor's dropped the rating on Rutgers University's general obligation debt to AA-minus from AA, citing risks associated with the planned merger with University of Medicine & Dentistry of New Jersey.

University of Arizona wants to include almost $200 million of projects in a Pima County bond proposal.

Twenty-nine technical training projects at two-year colleges in Louisiana will be funded with $251.6 million of state bonds that won final legislative approval Friday.

Moody's Investors Service downgraded Rutgers, The State University of New Jersey, to Aa3 from Aa2.

Standard & Poor's revised its outlook to positive from stable and affirmed its AA long-term rating and AA/A-1-plus rating on University of Pittsburgh debt.

The Georgia Institute of Technology's recent announcement that it will offer the first low-cost online master's degree in computer science is a credit positive, according to Moody's Investors Service.

Wisconsin Gov. Scott Walker reduced a proposed funding increase for the University of Wisconsin system in his proposed two-year budget by $94 million and recommended a tuition freeze.

The Kansas Senate approved $202 million of state bonds for a national bio-defense laboratory at Kansas State University on a voice vote.

Williams College will go to market with a $154 million negotiated sale of Series 2013P revenue bonds through the Massachusetts Development Finance Agency.

University of Texas regents approved $334.5 million of university revenue bonds to fund a medical school in Austin.

The Municipal Securities Rulemaking Board's revised suitability rule should include dealer obligations to sophisticated municipal market professionals and suitability requirements for 529 college savings plans, according to comments received by the MSRB Monday.

The University of Chicago will offer up about $350 million of taxable and tax-exempt paper this week as it wraps up borrowing for the final phases of a $1.2 billion capital program and gears up for a new fundraising campaign.

New York State legislators will meet Thursday with officials of SUNY Downstate Medical Center to discuss a sustainability plan for a Brooklyn hospital that had been slated to close.

The University of Wisconsin has come under fire after the recent disclosure that it holds $648 million in reserves lawmakers had not previously known about.