Public finance

ARKANSASHermitage School District No. 12 of Bradley CountyApr 22, 2009 . . . . . . $3,800,000

CALIFORNIAChawanakee Unified School DistrictApr 16, 2009 . . . . . . $68,775,000

ARIZONAPima CountyApr 21, 2009 . . . . . . $18,940,000

ALABAMABibb CountyMar 31, 2009 . . . . . . $1,375,000

ILLINOISLake Forest (City)Apr 20, 2009 . . . . . . $3,680,000

ARIZONARound Valley Unified School District No. 10Apr 17, 2009 . . . . . . $5,000,000

KANSASDouglas County Unified School District No. 491 (Eudora)Apr 16, 2009 . . . . . . $11,250,000

When he decided to retire as team leader of the municipal bond group at OppenheimerFunds Inc. nearly four years ago, Ronald H. Fielding never expected the transition phase to last so long.

Cash influxes into municipal bond mutual funds continued last week as fund assets gained steadily.

Call it a bond bonanza.

CALIFORNIALos Angeles Municipal Improvement CorporationApr 15, 2009 . . . . . . $57,930,000

COLORADOArvada (City)Apr 16, 2009 . . . . . . $21,745,000

The Bond Buyer’s weekly yield indexes declined as the municipal market firmed up in nearly all sessions due to strong retail demand and the first two deals containing Build America Bonds were priced in the primary market.

Tax-exempt money market funds settled at $481.47 billion in total assets after losing $2.89 billion for the week ending April 13 — two days before the official tax payment deadline on Wednesday and on the heels of a short-lived period of inflows last week, according to the Money Fund Report, a service of iMoneyNet.com.

To understand why Josh Gonze likes local school district debt in California, one has to blow the dust off the state’s constitution, which was ratified in 1879.

CALIFORNIAMontebello Community Redevelopment AgencyApr 15, 2009 . . . . . . $10,495,000

ARKANSASQuitman School District No. 21 of Cleburne CountyApr 15, 2009 . . . . . . $3,575,000

The Moody's Investors Service downgrades of Ambac Assurance Corp. and Berkshire Hathaway Assurance Corp. this month highlight the new paradigm for insured municipal bond funds. They are now not all that different from plain muni funds.

After 25 years in the municipal bond industry, senior portfolio manager Ronald H. Fielding — one of the longest-serving investors in the industry and a pioneer investing in tobacco bonds — has announced that he will retire from OppenheimerFunds Inc. effective May 20.

ALABAMAJacksonville State UniversityApr 9, 2009 . . . . . . $61,665,000