Public finance

ARKANSASHector School District No. 59 of Pope CountySep 28, 2010 . . . . . . $3,145,000

ARIZONAPima County Industrial Development AuthoritySep 28, 2010 . . . . . . $100,000,000

State and local government tax receipts grew modestly in the second quarter of 2010 as an acceleration in consumer spending boosted sales tax revenue.

ILLINOISEvanston/Skokie Community Consolidated School District No. 65Sep 27, 2010 . . . . . . $2,865,000

ILLINOISHarvey (City)Sep 27, 2010 . . . . . . $5,000,000

While municipal market professionals said they do not believe there is systemic risk in state and local government debt, there are underlying issues and credit challenges.

Table as of: 09/24/2010 13:32 PM Invisible Supply Issuer and purpose Amount* Approval

KENTUCKYBarbourville Independent School District Finance CorporationSep 24, 2010 . . . . . . $935,000

ARIZONAPima County Industrial Development AuthoritySep 24, 2010 . . . . . . $10,000,000

The return of bank profitability coupled with some of the provisions of the federal stimulus coaxed banks into buying state and local government debt in the first half of the year.

As the third quarter begins to wind down this week, long-term volume is expected to improve slightly, with several significantly sized deals from state and local governments contributing to $9.42 billion in estimated new issuance earmarked for pricing in the primary market, according to Ipreo LLC and The Bond Buyer.

The stream of cash running into municipal bond mutual funds continued to taper slightly last week.

ARKANSASFlippin School District No. 26 of Marion CountySep 23, 2010 . . . . . . $2,260,000

ALABAMAPhenix City (City)Sep 23, 2010 . . . . . . $33,940,000

The Bond Buyer’s weekly yield indexes declined this week as the municipal market rallied behind the economic warning the Federal Open Market Committee sounded Tuesday to end a weeks-long pattern of losses.

Pacific Investment Management Co.’s newest exchange-traded fund drags the active-versus-passive management debate into the taxable municipal bond space.

Outflows among tax-exempt money market funds more than doubled in the week ending Sept. 20 when $2.71 billion exited the funds and total net assets settled at $334.36 billion, according to the Money Fund Report, a service of iMoneyNet.com.

Table as of: 09/22/2010 16:15 PM Invisible Supply Issuer and purpose Amount* Approval

ARKANSASCedarville School District No. 44 of Crawford CountySep 22, 2010 . . . . . . $930,000

ALASKAAlaska Housing Finance CorporationSep 21, 2010 . . . . . . $78,810,000