Public finance

MICHIGANChesaning Union SchoolsSep 21, 2009 . . . . . . $2,800,000

Retail investors and mutual funds snapped up municipal bonds in the second quarter, powering the fastest growth in outstanding state and local government debt in two years.

ALABAMAAlabama Incentives Financing AuthoritySep 17, 2009 . . . . . . $140,350,000

Municipal bond mutual funds continue to amass record quantities of cash from investors, building a pillar of demand for state and local government debt even as bond yields have never been lower.

In what is the single-largest note deal so far this year, California will issue $8.8 billion of revenue anticipation notes this week, more than double the estimated $4.37 billion of long-term volume expected to be priced in the primary market, according to Ipreo LLC and The Bond Buyer.

WASHINGTON — The Treasury Department’s guarantee program for money market funds expired Friday after generating $1.2 billion of fees from funds that participated in the program.

CALIFORNIABelvedere (City)Sep 17, 2009 . . . . . . $1,592,404

IOWAIowa Board of RegentsSep 17, 2009 . . . . . . $26,000,000

The Bond Buyer’s weekly yield indexes declined this week, as tax-exempts showed gains in nearly all the week’s sessions.

After slight inflows last week, tax-exempt money market funds fell by $5.33 billion and settled at $437.36 billion for the week ending Sept. 14, according to the Money Fund Report, a service of iMoneyNet.com. The drop coincided with the Sept. 15 corporate tax deadline.

Table as of: 09/17/2009 16:34 PM Invisible Supply Issuer and purpose Amount* Approval

ARKANSASGentry School District No. 19 of Benton CountySep 16, 2009 . . . . . . $6,565,000

Interactive Data Corp. and Pluris Valuation Advisors LLC have teamed up to provide what they contend will be first-of-its-kind daily pricing data for illiquid student loan and other municipal auction-rate securities.

CHICAGO - Michigan could partner with private companies to build or operate its highways and bridges to boost badly needed transportation revenue under a bill being considered by the Legislature.

Volume in the primary market is expected to be an estimated $9.11 billion of new issues, according to data from Ipreo LLC and The Bond Buyer. That follows a revised $2.31 billion of deals priced the week of Labor Day, according to Thomson Reuters.

Table as of: 09/17/2009 16:37 PM Invisible Supply Issuer and purpose Amount* Approval

ARKANSASUnion County Community College DistrictSep 15, 2009 . . . . . . $3,590,000

Standard & Poor’s revised its outlook to negative on two series of outstanding debt issued by Ward County on behalf of Trinity Health, the main tertiary provider in northwest North Dakota.

Weekly reporting municipal bond mutual funds had a net inflow of $1.07 billion during the week ending Sept. 9, AMG Data Services ­reported.

Table as of: 09/17/2009 16:37 PM Invisible Supply Issuer and purpose Amount* Approval