Public finance

CALIFORNIACalifornia Health Facilities Financing AuthorityFeb 4, 2010 . . . . . . $60,000,000

ILLINOISArlington Heights Township High School District No. 214Feb 4, 2010 . . . . . . $1,500,000

After slowing from the massive outflows of two weeks ago, the losses of tax-exempt money market funds inched up to $3.37 billion and total assets settled at $387.61 billion for the week ended Feb. 1, according to the Money Fund Report, a service of iMoneyNet.com.

The federal government expects to recoup through taxes most of the subsidies it pays on Build America Bonds, according to the federal budget released this week.

All The Bond Buyer’s weekly yield indexes declined this week as the market firmed up in all the week’s sessions.

CALIFORNIASan Jose Unified School DistrictFeb 3, 2010 . . . . . . $18,370,000

ALASKAAlaska Industrial Development and Export AuthorityFeb 2, 2010 . . . . . . $87,105,000

ILLINOISDecatur Park DistrictFeb 2, 2010 . . . . . . $1,395,000

CALIFORNIALake Elsinore Public Financing AuthorityJan 26, 2010 . . . . . . $15,435,000

Stock market volatility is not the top item on the list of things municipal bond investors worry about.

ILLINOISAurora West School District No. 129Feb 1, 2010 . . . . . . $12,000,000

GEORGIAGwinnett County School DistrictJan 14, 2010 . . . . . . $255,080,000

AUSTIN — Not yet a year after Build America Bonds began to lift municipal debt issuance to its second-highest volume on record, issuers and brokers are finding that they must commit more time to educating potential investors who make up an increasingly diverse base of buyers, experts told The Bond Buyer’s Texas Public Finance Conference yesterday.

CALIFORNIAMilpitas Unified School DistrictJan 28, 2010 . . . . . . $11,670,000

CALIFORNIAMendota USDJan 28, 2010 . . . . . . $4,985,000

Table as of: 01/29/2010 18:40 PM Invisible Supply Issuer and purpose Amount* Approval

WASHINGTON — The Obama administration will recommend making permanent the Build America Bonds program in its fiscal 2011 budget proposal Monday, a Treasury spokesperson said Friday night.

Why try to match the market when you can beat it?

Issuers in New York and Massachusetts are headed to the primary market with large financings this week earmarked for transportation, environmental, and education purposes as part of a $4.11 billion in expected new volume, according to Ipreo LLC and The Bond Buyer.

The pace of new money flooding into municipal bond mutual funds appears to be picking up again after a lull.