Revenue bonds

The Tennessee Valley Authority has $19 billion of outstanding bonds and provides power to 10 million people.

Major bondholder Preston Hollow and the trustee for $86 million of debt sold for Mercy Iowa City in 2011 and 2018 pointed to default events.

The state-created agency has a plan to finally tap hitherto unused proceeds from a 2021 bond issue.

The one-notch upgrade to AA reflects growth in Kansas Department of Transportation available fund balances and the state's improved credit quality, Fitch said.

A federal bankruptcy judge will hold a hearing later this month on appointing an independent trustee for Legacy Cares or dismissing the case.

The city would issue short-term debt this summer and refund it as part of a long-term bond offering next year.

The controversial idea has taken on more urgency as transit agencies nationally struggle with low ridership.

Without certification it will be harder to get the appeals court to hear any bondholders' appeal.

The taxable bonds would finance a bottling and other facilities, which would be leased to a private business.

The Tulare lab is not required to make lease payments that pay the debt if the building is rendered inoperable.

The ruling may open the way for approval of a payout to bondholders as small as 0.21%.

President Biden's budget would allow large transit agencies to divert formula capital grants to operations in 2024, a move that one transit official said may hurt smaller agencies.

Revenue bonds sold in 2018 for the project would be paid over seven years at lower rates under the Chapter 11 exit plan for the Bridgemoor at Plano debt.

A refinancing plan for the defaulted Legacy Cares bonds aimed to raise money to settle claims from contractors and others.

"The board's arguments are bad for the future of infrastructure financing in the United States," Oversight Board member Justin Peterson said.

State agencies expect to issue about $14.42 billion of debt during the fiscal year that began Sept. 1.

Washington's new measure to clean up Puget Sound would require billions in borrowing over the next decade, including up to $14 billion in King County alone.

The Utah Inland Port Authority, which sold $150 million of bonds in December, asked the audit team to provide direction on potential risks.

S&P upgraded the bonds to AA-plus and Fitch revised the outlook on the AA-rated debt to positive from stable.

Mississippi's largest city is without running water. It has $191 million in outstanding water and sewerage revenue bonds, according to Moody's.