Public finance

ARIZONALittleton Elementary School District No. 65Jul 15, 2010 . . . . . . $3,000,000

The growing investor acceptance of taxable municipal bonds over the past year appears to have hit a stumbling block.

Tax-exempt money market funds continued their seesaw between inflows and outflows the week ending July 12, declining $1.89 billion to settle at $352.19 billion in total net assets, according to the Money Fund Report, a service of iMoneyNet.com.

The Bond Buyer’s weekly yield indexes mostly declined this week as the municipal market continued to edge slightly firmer throughout the period.

Table as of: 07/14/2010 14:42 PM Invisible Supply Issuer and purpose Amount* Approval

ARKANSASCave City School District No. 2-A of Sharp CountyJul 14, 2010 . . . . . . $5,625,000

ALABAMAPell City (City)Jul 12, 2010 . . . . . . $2,275,000

CALIFORNIASan Francisco Finance Corporation (City & County)Jul 13, 2010 . . . . . . $22,280,000

CALIFORNIAHemet Unified School DistrictJul 12, 2010 . . . . . . $18,740,000

This year marks the 25th anniversary of The Bond Buyer 40 Municipal Bond Index, a measure of municipal bond values with an interesting and at times inglorious history.

ILLINOISMundelein VillageJul 12, 2010 . . . . . . $9,135,000

CALIFORNIANew Haven Unified School DistrictJun 10, 2010 . . . . . . $8,500,000

Table as of: 07/09/2010 14:01 PM Invisible Supply Issuer and purpose Amount* Approval

INDIANAFrankfort (City)Jul 8, 2010 . . . . . . $10,095,000

ARIZONAFowler Elementary School District No. 45Jul 8, 2010 . . . . . . $6,050,000

Municipal bond mutual funds last week rebounded from a brief spell of cash leakage with the biggest influx of new money in four months.

A $1.5 billion general obligation bond sale from the Los Angeles Community College District shares the primary market spotlight this week with $900 million of BABs from Illinois, expected to price Wednesday after a two-week delay.

CALIFORNIATahoe Forest Hospital DistrictJul 8, 2010 . . . . . . $43,000,000

CALIFORNIACalifornia School Cash Reserve Program AuthorityJul 8, 2010 . . . . . . $23,760,000

The Bond Buyer’s weekly yield indexes declined during this holiday-shortened week, buoyed mostly by a Wednesday rally of three to five basis points.