Public finance

ILLINOIS

A privately operated immigration detention center in La Salle, County, Texas, will receive no revenues while closed for repairs, according to a disclosure notice to bondholders.

For the week ended Dec. 11, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, dropped three basis points to 4.32% from 4.35%.

Detroit issued $1.28 billion of new debt that its bond team says required novel financing structures to satisfy both Michigan municipal law and the strict confines of Chapter 9 creditor settlements.

Falling crude prices may make an increase in the federal gasoline tax more politically palatable.

Ratings on many of California's cities continue to recover from the recession, but credit rating distribution in the state remains uneven, according to a report from Standard & Poor's.

ALABAMA

CONNECTICUT

Radian Group Inc. is seeking to sell bond insurer Radian Asset and Assured Guaranty or MBIA may turn out to be the buyer.

The largest municipal bankruptcy in the U.S. formally ends at 12:01 a.m. Dec. 11, and Detroit will begin fresh with local control and $7 billion less debt.

CALIFORNIA

ALABAMA

The Kentucky Pension Oversight Board will finalize recommendations for new funding and tighter control of the state's pension systems at its Dec. 16 meeting.

Governments should invest $163 billion a year in infrastructure to keep pace with growing transportation needs, new study finds.

KANSAS

ILLINOIS

Maryland will delay bidding for two months on its $2.45 billion Purple Line P3 project so new governor can review.

KENTUCKY

ALABAMA

Transportation infrastructure construction will grow slightly faster than the rest of the economy in 2015, according to highway construction group.