The Bond Buyer articles from October 2005

The Bond Buyer archives from October 2005

The Digest.
October 3, 2005... Reports of rising inflation and stronger-than-expected regional business activity overshadowed flagging consumer confidence, pushing municipal and Treasury yields higher Friday. Complete market coverage by Anastasija Johnson and Bill Curran...

DWR's Big Refunding: Dept. to Take Out $2B of Energy Crisis Bonds.
October 3, 2005... SAN FRANCISCO -- The California Department of Water Resources plans a $2 billion refunding for some of the power supply revenue bonds issued in 2002 in the wake of the state's energy crisis. In a deal tentatively slated for November, the...

FAA Grants Approval to Chicago's $7.52B Airport Expansion Plan.
October 3, 2005... CHICAGO -- The Federal Aviation Administration on Friday granted final approval to Chicago's $7.52 billion runway expansion at O'Hare International Airport - a move that sets the stage for the city's issuance this fall of up to $1.5 billion in...

Volume Still On Pace To Break Record: September Sees $30.83B in Issues.
October 3, 2005... Municipal market issuers sold about $30.83 billion of debt through 940 issues during September, bringing the year-to-date volume through the third quarter to $309.52 billion via 10,414 issues, a 15.1% increase compared with the year-earlier...

News In Brief: Personal Income, Spending Drop in Aug.
October 3, 2005... WASHINGTON -- Personal income fell 0.1% and personal consumption declined 0.5% in August, the Commerce Department reported Friday. Personal income fell by $5.3 billion to about $10.288 trillion after an unrevised 0.3% increase in July. The...

News In Brief: Final Sept. Consumer Sentiment Unchanged.
October 3, 2005... The University of Michigan's final September consumer sentiment index reading was 76.9, unchanged from the preliminary September reading, and down from the final August reading of 89.1 and the final July reading of 96.5, according to market...

News In Brief: Chicago PMI Rebounds To Show Expansion.
October 3, 2005... The Chicago Purchasing Managers' Business Barometer rebounded to 60.5 in September from 49.2 in August, the 28th month of out 29 when the index showed economic expansion, as defined by a reading above 50.0, the National Association of...

News In Brief: NAPM-NY BCI Rises To 349.7 in Sept.
October 3, 2005... The New York business conditions index in the National Association of Purchasing Management-New York's Report on Business, released Friday, climbed to 349.7 in September from 345.4 in August. "Businesses report that activity remains quite...

Friday's Market: Reports of Rising Inflation and Strong Regional Business Push Yields Higher.
October 3, 2005... Reports of rising inflation and stronger-than-expected regional business activity overshadowed flagging consumer confidence, pushing municipal and Treasury yields higher Friday. Traders said tax-exempt yields were higher by two to three...

Hevesi: N.Y.'s Annual Debt Service Will Balloon to $6B by 2010.
October 3, 2005... The amount of debt New York has outstanding rose to about $48 billion at end of fiscal 2005 and could cost the state the ability to pay for other critical services, according to a report released Friday by the state comptroller's office. ...

Tax Reform: Bipartisan Advisory Panel Sets New Deadline for Report.
October 3, 2005... The President's Advisory Panel on Federal Tax Reform will hold public meetings on Oct. 11 and Oct. 18 and deliver its final report of recommendations to President Bush by Nov. 1, panel officials announced Friday. The White House on Friday...

Appropriations: Senate OKs Stopgap Government Funding Measure.
October 3, 2005... The Senate approved stopgap legislation last week that would fund the government through Nov. 18 as Congress struggles to pass the remaining annual spending bills needed to keep federal programs and agencies operating. The Senate passed...

Supreme Court: Oral Arguments in Kansas Indian Gas Case Today.
October 3, 2005... WASHINGTON -- The Supreme Court will hear oral arguments today in a case that will decide whether Kansas officials may force gasoline stations that operate on Indian tribal lands to collect the state's fuel tax. The ruling of the high...

Enforcement: NASD Fines Long Island-Based Firm for Misleading Investors.
October 3, 2005... NASD fined David Lerner Associates Inc. of Syosset, N.Y., and its affiliate, SSH Securities Inc. a total of $125,000 and ordered them to take remedial measures for misleading investors through exaggerated, unsubstantiated advertisements and...

Debt Service in Louisiana on Track for Now, But Doubts Persist.
October 3, 2005... ATLANTA -- Most bond issuers affected by Hurricanes Katrina and Rita are expected to make debt service payments due at the beginning of October, but questions remain about whether some of the hardest-hit municipalities will be able to continue...

Mississippi House Hammering Out Plan To Let Casinos Rebuild Ashore.
October 3, 2005... BRADENTON, Fla. -- The Mississippi House Gaming Committee late Friday was expected to complete the final details on HB 45, which would allow casinos in the southern part of the state that were destroyed by Hurricane Katrina to rebuild on shore....

New Mexico Governor Asks House to Impeach Treasurer.
October 3, 2005... DALLAS -- New Mexico Gov. Bill Richardson has asked the state's House of Representatives to begin impeachment proceedings against indicted Treasurer Robert Vigil when the Legislature convenes Thursday for a special session. Richardson...

Competitive Bond Offerings.
October 3, 2005... Letter F next to the issuer's name signifies the Official Notice of Sale is available on the internet! Go to www.bondbuyer.com ISSUER ST DESCRIPTION AMOUNT ($000s) TIME OF SALE FINANCIAL ADVISER LEGAL OPINION MATURING...

Competitive Note Offerings.
October 3, 2005... ISSUER ST DESCRIPTION AMOUNT($000s) TIME OF SALE FINANCIAL ADVISER LEGAL OPINION MATURING INSURER MDY'S S&P FITCH BANK-QUAL. LATEST DETAILS Monday, October 3 Groton Ctrl SD...

Negotiated Bond Offerings.
October 3, 2005... Tentative dates for negotiated sales of $1 million or more. ISSUER ST DESCRIPTION AMOUNT ($000s) LEAD MANAGER FINANCIAL ADVISER INSURER MDY'S S&P FITCH FIRST APPEARED Week Of October 3 Huntsville AL...

Negotiated Note Offerings.
October 3, 2005... ISSUER ST DESCRIPTION AMOUNT ($000s) LEAD MANAGER FINANCIAL ADVISER INSURER MDY'S S&P FITCH FIRST APPEARED Day to Day Louisiana Pub Facs Auth LA Advance Fund 21,880 Morgan Keegan --- --- --- SP-1+ --- Sep...

Results of Negotiated Sales.
October 3, 2005... ARIZONA Pima County Industrial Development Authority Sep 19, 2005 $10,895,000 Education Facility Revenue Bonds, Series 2005 (Premier and Air Academy Charter High Schools Project) (book entry) Dated Sep 1, 2005. Due Sep 1,...

Results of Competitive Sales.
October 3, 2005... INDIANA Town of Hebron Sep 29, 2005 $900,000 Sewage Works Revenue Bonds, Series 2005 (bank qualified) (book entry). Dated Oct 6, 2005. Due Jan 1, 2007 to 2026. Callable Jan 1, 2016 at par. Winning bid: City...

N.Y.C. Agency Eyes $850 Million Advance Refunding.
October 3, 2005... The New York City Transitional Finance Authority plans to advance refund as much as $850 million of outstanding debt with proceeds from a tax-exempt, fixed-rate bond sale planned for the week of Oct. 17, a city official said Friday. ...

Florida Tribe Selling $730 Million of Taxable Bonds to Refund Tax-Exempts.
October 3, 2005... BRADENTON, Fla. -- The Seminole Indian Tribe of Florida is refinancing all of its tax-exempt debt due to the Internal Revenue Service's adverse determination ruling that the tribe improperly used tax-exempt bonds to finance its hotel,...

Analysts: Successful Anti-MSA Suit Could Spur New Laws.
October 3, 2005... DALLAS -- The Sept. 28 reinstatement of a lawsuit challenging the 1998 Master Settlement Agreement cigarette makers and 46 states is not likely to have immediate effects on the tobacco bond sector, and analysts say that if the lawsuit is...

Mutual Funds: Weekly Reporters Bring In $269.15 Million.
October 3, 2005... Weekly reporting municipal bond mutual funds had a net inflow of $269.15 million during the week ended Sept. 28, marking the 20th straight week of gains, according to AMG Data Services. The results followed an inflow of $184.86 million the...

New Products: BondDesk Adds Price Discovery and Reporting Tool to Its Trading Platform.
October 3, 2005... The privately held BondDesk Group LLC, operator of the leading retail fixed-income trading platform, is introducing MarketView & Trade Monitor System, a new price discovery and reporting tool that will be available to BondDesk users. Like...

The Week Ahead: California Sees Education, Health Deals Worth More Than $1B.(Calendar)
October 3, 2005... Three bond issues earmarked for education purposes and a health care deal this week will add over $1 billion in supply to the hefty volume that entered the California market last week. The largest of the education deals will be a $400...

Deal in Focus: Mass. Water Trust Tweaks SRF Provisions Ahead of $325M Sale.
October 3, 2005... The Massachusetts Water Pollution Abatement Trust is changing security provisions in its clean water and drinking water state revolving funds in a move that officials expect will improve administrative efficiency without jeopardizing the...

District of Columbia: Land Transfer Plan.
October 3, 2005... The House Government Reform Committee on Thursday approved legislation that would transfer federal land at locations known as Poplar Point and Reservation 13 to the district government. A possibly bond-financed National Capital Medical...

Maryland: Surplus Foreseen.
October 3, 2005... Maryland Comptroller William Donald Schaefer said last week that the state's economy will continue to grow at a brisk pace, leaving the government with a $1.7 billion surplus leading into the fiscal 2007 budget, according to the Washington...

New Jersey: Christian Health Dips.
October 3, 2005... Standard & Poor's has downgraded Christian Health Care Center's Series 1997A revenue bonds to BB-plus from BBB-minus in a move affecting more than $15 million of debt. The outlook is stable. It is the second time in less than a year that...

New Jersey: Jets, Giants Seal Deal.
October 3, 2005... The National Football League's New York Giants and New York Jets reached an agreement last week to jointly develop a new stadium at the Meadowlands complex in East Rutherford. This will be the first time that two NFL teams will co-own a...

NEW YORK: Broader Swap Policy.
October 3, 2005... The board of the Urban Development Corp. last week adopted the state's swap policy for use on its corporate-purpose bond transactions. The UDC, which does business as the Empire State Development Corp., adopted swap guidelines for its...

NEW YORK: Javits Expansion Team.
October 3, 2005... New York's Convention Center Development Corp. chose a team last week to design the expansion of the Jacob K. Javits Convention Center on Manhattan's far West Side. Board members approved a $43.7 million contract for Richard Rogers, the...

LONG-TERM BONDS: January-September.
October 3, 2005... 2005 2004 Volume No. of Volume No. of Pct. ($000s) Issues ($000s) Issues Chg TOTAL $309,518,500 10,414 $268,851,400 10,223 +15.1 % January 22,500,600 811 ...

NEW-ISSUE VOLUME NOTES.
October 3, 2005... The new-issue volume tables are based on information compiled by The Bond Buyer from Thomson Financial's database on Friday, Sept. 30, 2005. All figures are preliminary and subject to revision. Long-term bonds have final stated maturities...

LARGEST ISSUES: September 2005.
October 3, 2005... Amount Issuer Date $1,499.9 Puerto Rico Highway & Transportation Authority (ref) Sep 22 1,265.2 New York Liberty Development Corp., office buildings Sep 27 1,146.4 California (State), GOs (NM/ref) (cpt) Sep 8 931.8 Georgia...

LONG-TERM BONDS: September.
October 3, 2005... 2005 2004 Volume No. of Volume No. of Pct. ($000s) Issues ($000s) Issues Chg TOTAL $30,834,100 940 $25,198,500 1,065 +22.4 % Development 1,700,400 35 330,400 35 +414.6 Education 6,866,600 270 6,404,500 306 +7.2 ...

BOND SALES BY STATE: January-September.
October 3, 2005... 2005 2004 Volume Volume Percentage State Rank ($000s) Rank ($000s) Change Alabama 31 $2,316,100 35 $1,461,000 +58.5 % Alaska 39 1,261,000 48 593,500 +112.5 Arizona 13 7,302,500 12 5,892,500 +23.9 Arkansas 40...

U.S. Securities Prices.
October 3, 2005... Prices as of 3 p.m. ET. Source: GovPx Inc. Treasury Bills Yesterday's Prev. Day's Yesterday's (in percent of discount) Bid/Offer Bid/Offer Bid Yield 1M -- 10/27/2005 3.100/ 3. -- /000 3.150 3M -- 12/29/2005 3.475/460...

Short-Term Tax-Exempt Yields.
October 3, 2005... Sep 30, 2005 Sep 29, 2005 Oct 1, 2004 Selected MIG-1/SP-1+ Notes Los Angeles Co Trans 4s (June 06) 2.76 2.75 1.66 New Jersey Trans 4s (June 06) 2.92 2.87 1.65 Texas Trans 4 1/2s (Aug 06) 2.98 2.95 1.70 Municipal Market...

Municipal Market Data General Obligation Yields.
October 3, 2005... Aaa Aaa (pure) (ins) Aa A Baa 2006 2.85 2.89 2.89 2.97 3.17 2010 3.24 3.35 3.34 3.52 3.81 2015 3.73 3.86 3.84 4.08 4.39 2020 4.00 4.12 4.11 4.33 4.59 2025 4.21 4.33 4.32 4.52 4.76 2030 4.38 4.48 4.48 4.64 4.86...

Market Indicators.
October 3, 2005... Dollar amounts are in millions Day's 2005 2005 Daily Yesterday Change High Date Low Date Municipal Bond Index 114-12 -5/32 116-24 (6/27) 112-11 (1/4) 40 Average Dollar Price 103.15 -0.13 105.74 (6/7) 101.95 (3/30) ...

Visible Supply.
October 3, 2005... Competitive Negotiated Total ($000s) ($000s) ($000s) Weekly Averages 9/30/05 2,009,371 7,402,095 9,411,466 9/23 2,591,961 8,264,014 10,855,975 9/16 2,953,636 7,167,989 10,121,626 9/9 3,438,157 5,412,096 8,850,254 ...

Placement Ratio.
October 3, 2005... No. Total Amt. Sales from Placement New New Accts. New Accts. Ratio Accts. ($000s) ($000s) (%) 2005 09/30 11 373,398 330,753 88.6 09/23 19 1,589,804 1,522,654 95.8 09/16 21 1,119,432 1,055,972 94.3 09/09 11...

General Obligation Bond Prices for Sept. 30, 2005.
October 3, 2005... Intermediate Long-Term Bond and Ratings (Moody's/S&P's) Dated Cpn & Maturity Yield Price Prev Chg Cpn &Maturity Yield Price Prev Chg STATES California Series 2004 (A2/A/A-) 12/1/04 5% 6/1/10 3.33 107 1/8 107 3/8 - 1/4 5% 6/1/25...

Reoffering Yields.
October 3, 2005... NRO - Not Reoffered; S.B. - Sealed Bid; SNA - Sold, Not Available Offer Amount Date ($Mil) RECENT OFFERINGS 1 Year 5 10 15 20 25 30 Aaa -- AAA 9/13 13.0 Durham, N.C.... 3.07 3.62 4.06 4.28....... 8/18 17.0 South...

New-Issue Balances.
October 3, 2005... Amount Date RECENT OFFERINGS Sold Balance $14,130 9/22 Perkiomen Valley Sch. Dist., Pa. $13,000 All Sold 19,400 9/13 Durham, N.C. (2 iss.) 9,400 All Sold 54,225 9/28 Univ. of Alabama 3,610 9,265 20,000 9/26 St. Charles...

Municipal Bond Index Update.
October 3, 2005... The list of bonds used to calculate the Municipal Bond Index was revised after the Sept. 30 pricing. The new coefficient is 1.0245. It was derived by dividing the Sept. 30 index (114.389508) by the average converted price of the new set of...

Municipal Market Yields.
October 3, 2005... Values at 9/30/2005 -- Basis Point Change from 9/23/2005 Aaa Aa A Baa 2006 2.87 -03 3.02 -03 3.23 -03 3.52 -03 2010 3.24 -05 3.39 -05 3.62 -05 3.90 -05 2015 3.73 -06 3.88 -06 4.11 -06 4.40 -06 2020 4.03 -05 4.18 -05 4.43...

Municipal Bond Prices.
October 3, 2005... These 40 Bonds are evaluated and priced daily by Standard & Poor's Securities Evaluations Inc. All figures are rounded to the nearest eighth when reported in this table. "Change in Bid" is rounded after calculation. Dollar Change...

Municipal Bond Index.
October 3, 2005... Current Day Previous Day Week Ago Month Ago Year Ago The Bond Buyer Municipal Bond Index 114-12 114-17 114-30 116-13 111-15 Friday, September 30, 2005 Maturity Par Call Dollar Conversion Converted Date Date Price Factor Price ...

IRS: Audit of Pennsylvania School District Focuses on 1993 Bonds.
October 3, 2005... The Coatesville, Pa., School District is under investigation by the Internal Revenue Service for possible arbitrage violations of the tax code in conjunction with the use of tax-exempt bond proceeds from a $26.5 million general obligation issue...

The Digest.
October 4, 2005... The municipal bond market weakened yesterday after the Institute for Supply Management manufacturing index for September beat analysts' expectations, reinforcing the view that the Federal Reserve would continue to tighten its monetary policy....

California Planning $12B: Annual Debt Service to Approach $4B by FY '08.
October 4, 2005... SAN FRANCISCO -- California intends to issue $12 billion in general-fund-supported debt during fiscal years 2006 and 2007, according to a report issued yesterday by the state treasurer's office. The planned issuance of general obligation...

Ruling May Delay Florida Scripps Project, Despite Groundbreaking.
October 4, 2005... BRADENTON, Fla. -- A U.S. district judge on Friday ruled that the U.S. Army Corps of Engineers erred when it considered permitting for only 535 acres of Palm Beach County's biotechnology project, the site for the headquarters of the Scripps...

Citigroup First Among Managers: UBS Gets No. 2; Merrill Is Third.
October 4, 2005... Citigroup Global Markets Inc. claimed the top spot among senior managers for the first three quarters of 2005, bringing $47.27 billion in tax-exempt debt to market and snaring 15.4% of total volume, according to data compiled by Thomson...

News In Brief: Construction Outlays Up 0.4% in August.
October 4, 2005... WASHINGTON -- Spending on construction projects increased 0.4% in August as both private and public construction rose, according to Commerce Department figures released yesterday. Total construction spending rose to a seasonally adjusted...

News In Brief: Sept. ISM Index Hits 59.4 in Sept.
October 4, 2005... The overall economy expanded for the 47th straight month in May, while the manufacturing sector expanded for the 28th time in as many months, the Institute for Supply Management reported yesterday. According to the ISM's monthly report on...

News In Brief: Weekly T-Bills Go At 3.525%, 3.870%.
October 4, 2005... Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher yesterday as the three-months incurred a 3.525% high rate, down from 3.440% last week, and as the six-months incurred a 3.870% high rate, up from...

News In Brief: Treasury 4-Weeks To Pay Down $2B.
October 4, 2005... The Treasury Department said yesterday it will sell $8 billion of four-week discount bills today. The 28-day bills will pay down $2 billion and refund $10 billion of maturing bills. (c) 2005 The Bond Buyer and SourceMedia, Inc. All...

News In Brief: Treasury to Offer Cash Management Bills.
October 4, 2005... The Treasury Department said yesterday it will auction $13 billion of 11-day cash management bills Oct. 5. The bills are dated Oct. 6 and due Oct. 17. (c) 2005 The Bond Buyer and SourceMedia, Inc. All rights reserved....

Monday's Market: ISM's September Manufacturing Index Worries Investors, Weakens Municipals.
October 4, 2005... The municipal bond market weakened yesterday after the Institute for Supply Management manufacturing index for September beat analysts' expectations, reinforcing the view that the Federal Reserve Board would continue to tighten its monetary...

D.C.-Area Officials Pledge to Find Dedicated Transit Funding Source.
October 4, 2005... WASHINGTON -- Transportation officials representing Virginia, Maryland, the District of Columbia, and the national capital area's local governments yesterday signed off on an agreement to work together to try to provide a dedicated source of...

Federal Court Halts Project at Chicago's O'Hare.
October 4, 2005... CHICAGO -- Chicago officials said they would file an immediate response to a court challenge that placed a temporary restraining order on the $7.52 billion runway expansion at O'Hare International Airport that the city said would proceed Friday...

Pennsylvania Convention Center Sale Is Next Week.
October 4, 2005... The Pennsylvania Convention Center Authority plans a long-anticipated refunding of about $228.6 million of federally taxable bonds next week. Authority officials chose Citigroup Global Markets Inc. to price the bonds after issuing a...

Hurricane Relief: Bill Calls for $60B in Federally Backed Debt for Affected States.
October 4, 2005... The four states affected most severely by Hurricanes Katrina and Rita could issue up to $60 billion of tax-exempt private-activity bonds backed by federal guarantees under legislation expected to be debated this week by the House Ways and Means...

Supreme Court: Tribe Argues Its Gasoline Sales Should Be Exempt From Kansas Tax.
October 4, 2005... Supreme Court justices appeared skeptical of an Indian tribe's argument yesterday that the gasoline it sells on its tribal land should be exempt from the motor fuels tax levied by Kansas. Rating agency analysts say whatever the outcome of...

Enforcement: Tennessee County Health Board Reaches Settlement in $250M IRS Audit.
October 4, 2005... Knox County, Tenn.'s Health, Educational, and Housing Facility Board has reached a closing agreement with the Internal Revenue Service to settle an audit of $250 million of revenue bonds sold in 1999 that retains the tax-exempt status of the...

SEC: Democrats Call for Improvement of Fair Fund Administration.
October 4, 2005... Two key Democrats from the House Financial Services Committee yesterday urged the Securities and Exchange Commission to take steps -- including identifying any needed legislative reforms -- to improve its administration of the "Fair Fund,"...

People: Rick Fisher Leaves Own Firm to Join McCall Parkhurst.
October 4, 2005... DALLAS -- Veteran Texas bond lawyer Rick Fisher this week ended a 10-year stint at his own firm of Fisher & Newsom to join McCall Parkhurst & Horton. "We operated as Fisher & Newsom for 10 years," Fisher said. "Prior to that, I was with...

Competitive Bond Offerings.
October 4, 2005... Letter F next to the issuer's name signifies the Official Notice of Sale is available on the internet! Go to www.bondbuyer.com ISSUER ST DESCRIPTION AMOUNT ($000s) TIME OF SALE FINANCIAL ADVISER LEGAL OPINION MATURING...

Competitive Note Offerings.
October 4, 2005... ISSUER ST DESCRIPTION AMOUNT($000s) TIME OF SALE FINANCIAL ADVISER LEGAL OPINION MATURING INSURER MDY'S S&P FITCH BANK-QUAL. LATEST DETAILS Tuesday, October 4 Stonington (Town)...

Negotiated Bond Offerings.
October 4, 2005... Tentative dates for negotiated sales of $1 million or more. ISSUER ST DESCRIPTION AMOUNT ($000s) LEAD MANAGER FINANCIAL ADVISER INSURER MDY'S S&P FITCH FIRST APPEARED Week Of October 3 Huntsville AL...

Negotiated Note Offerings.
October 4, 2005... ISSUER ST DESCRIPTION AMOUNT ($000s) LEAD MANAGER FINANCIAL ADVISER INSURER MDY'S S&P FITCH FIRST APPEARED Day to Day Louisiana Pub Facs Auth LA Advance Fund 21,880 Morgan Keegan - - ...

Results of Negotiated Sales.
October 4, 2005... CALIFORNIA California Statewide Communities Development Authority Sep 30, 2005 $175,000,000 Health Facilities Revenue Bonds (Adventist Health System/West), 2005 Series A (2016-20, 2025, 2030 and 2035 Priced to Par Call) (book...

Results of Negotiated Sales.
October 4, 2005... COLORADO Fort Collins (City) Oct 3, 2005 $11,415,000 Wastewater Utility Enterprise Sewer Revenue Refunding Bonds, Series 2005 (book entry). Dated Oct 20, 2005. Due Dec 1, 2006 to 2010. Non-callable. Winning bid:...

Kansas City, Mo., Gets New Finance Chief.
October 4, 2005... DALLAS -- Debra Hinsvark, who served for five years as Denver's debt manager, yesterday began a contract with Kansas City, Mo., which on Nov 17 will become a full-time position as that city's finance director. "I had some vacation time...

MSRB Reminds Dealers of Deadline to Update E-mail Data.
October 4, 2005... WASHINGTON -- The Municipal Securities Rulemaking Board sent dealers a notice yesterday reminding them that by Oct. 26, they must review the information they have filed on Form G-40 that lists electronic mail contacts, and either update the...

IRS' Choi Moves From Tax-Exempts to Exempt Organizations.
October 4, 2005... WASHINGTON -- Robert S. Choi, tax-exempt bond group manager in the Internal Revenue Service's Baltimore field office, has been selected to be executive assistant to the director of the exempt organizations division, Martha Sullivan. Choi...

Trends in the Region: Texas High Court Quiet as School Funding Deadline Passes.
October 4, 2005... DALLAS -- A Texas district court's Oct. 1 deadline that mandates state funding to public schools be halted if school finance reforms are not implemented by the Legislature came and went this weekend without an expected stay from the state...

ARIZONA: College Rivalry.
October 4, 2005... The subcommittee determining how to distribute money from Phoenix's proposed $850 million general obligation bond package is facing competing proposals from Arizona State University and the University of Arizona for separate projects downtown....