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Total net tax-supported debt fell for the first time in 28 years in 2014, a Moodys report found.
June 24 -
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A Virginia judge approved a mediated deal June 22 that will keep Virginia's Briar College open for another year and release endowment funds.
June 23 -
The Senate Environment and Public Work Committees six-year transportation proposal would provide about $43 billion a year of federal highway funding.
June 23
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Covenant violations on lines of credit and poor operations caused Howard University's bond rating to fall with the possibility of the rating declining more if the university cannot fix operations that have been running a deficit in recent years.
June 22 -
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Los Angeles $1.39 billion of Series 2015 tax and revenue anticipation notes and the Commonwealth of Massachusetts $939 million GO bond sales lead the way for a week that is projected to see $8.7 billion, according to Ipreo and The Bond Buyer. That is up from the revised $6.5 billion that the market saw the week of June 15, according to Thomson Reuters.
June 19 -
Sen. Mark Warner, D-Va., introduced legislation that would create a national infrastructure bank that could provide direct loans and loan guarantees to facilitate infrastructure projects of regional or national significance. The bill would also increase the national volume cap for tax-exempt private-activity bonds for qualified highway or surface freight transfer facilities to $16 billion from $15 billion.
June 19
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Two congressmen are urging House leaders to bring the pending transportation bills up for a vote and deem the one with the most votes as having passed the chamber under a Queen of the Hill rule.
June 19 -
Analysts at BlackRock Inc. say municipal demand will rebound once a combination of budgetary and quarter-end pressures subside at the end of June.
June 19
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The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, decreased two basis points to 4.45% for the week ended June 18 from 4.47% in the previous week.
June 18 -
For the seventh week in a row, municipal bond funds reported outflows, bringing to 10 out of 25 weeks this year the funds have suffered cash withdrawals.
June 18 -
A gasoline tax increase is not going to be the revenue solution for a multiyear highway bill, Sen. Orrin Hatch, R-Utah, said Thursday.
June 18 -
