The Bond Buyer articles from September 2008

The Bond Buyer archives from September 2008

Mutual Funds: Weekly Reporters Post Net Inflow of $432M.(Investors & Investing)
September 2, 2008... Byline: Michael Scarchilli Weekly reporting municipal bond mutual funds had a net inflow of $432 million during the period ending Aug. 27, AMG Data Services reported. The results were up from a $338 million inflow the previous week,...

Financial Crime: Judge Schedules Trial for Ex-Underwriter Head Bradbury.(Washington)
September 2, 2008... Byline: Andrew Ackerman A federal judge in Pennsylvania has scheduled a criminal trial to begin Dec. 8 for Robert Bradbury, the former head of the defunct underwriter Dolphin & Bradbury Inc., who has been charged by U.S. attorneys with...

Southwest Bond-Watch.(Southwest)
September 2, 2008... Byline: Jim Watts ARIZONA TIME Ballot Ban Upheld The Arizona Supreme Court last week upheld a lower court's determination that not enough valid signatures were obtained on petitions seeking a statewide referendum on an increase in...

Correction.(Market News)(Correction notice)
September 2, 2008... Wednesday's front-page story "Insurance Woes Persist" misidentified the amount of new issuance since July 21, when Moody's Investors Service placed two major bond insurers on review for downgrade. A total of $42.7 billion had been issued since...

N.J. Gov. Corzine Permits Delaware River Port Authority Hikes.(News)
September 2, 2008... Byline: Michelle Kaske A 10% fare increase on the PATCO light-rail line and toll increases on Delaware River Port Authority of Pennsylvania and New Jersey bridges are set to go into effect later this month as Gov. Jon Corzine last week...

Jacksonville to Competitively Price $109M of Revenue Bonds.(The Regions)
September 2, 2008... Byline: Shelly Sigo BRADENTON, Fla. - Jacksonville, Fla., on Thursday will competitively price approximately $109 million of Better Jacksonville sales tax revenue bonds. Proceeds will be used to finance or reimburse the city for...

IRS Leaves Tax-Exempt $40 Million Of Illinois Health Facilities Bonds.(News)
September 2, 2008... Byline: Peter Schroeder The Internal Revenue Service has closed its audit of $40 million of 2002 revenue bonds issued by the Illinois Health Facilities Authority, now part of the Illinois Finance Authority, without changing the tax-exempt...

Massachusetts to Market $662M in Uninsured GO Debt.(The Regions)
September 2, 2008... Byline: Michelle Kaske Massachusetts will return to the market today with its first general obligation bond deal in a year, a $661.8 million offering that will not include insurance. While part the transaction's structure is...

Munis Unchanged With 'Nothing Going On'.(Market News)
September 2, 2008... Byline: Michael Scarchilli & Jack Herman The municipal market was largely unchanged Friday, as investors departed for a long weekend. "It's been quiet all week, but it's even more quiet than that right now," a trader in New York said....

In Brief: Chicago Purchasers Index Points to 57.9 for August.(Market News)
September 2, 2008... Byline: Yong Lim The Chicago Purchasing Managers reported the Chicago Business Barometer points to 57.9 in August. The prices paid index continued above 80 for the seventh month this year while declining from the strong July figure....

Attorney Must Repay $600,000 in Pension Payments, N.Y. Declares.(News)
September 2, 2008... Byline: Ted Phillips A Long Island attorney must repay theNew York state retirement system more than $600,000 for pension payments he collected but was ineligible for, state Comptroller Thomas DiNapoli announced last week. DiNapoli...

Bond Insurers: Oakland Latest in California to Sue Insurers for Fraud, Breach of Contract.(Underwriters and Dealers)
September 2, 2008... Byline: Rich Saskal SAN FRANCISCO - Oakland has filed suit against several bond insurers, with charges that include fraud and breach of contract, for the sale of bond insurance policies that the city says turned out to be worthless. ...

JOHN G. HARRELL.(Obituary)
September 2, 2008... John G. Harrell, a partner at Bradley Arant Rose & White LLP in Alabama, died of an apparent stroke on Wednesday. He was 66. Mr. Harrell, who worked in the firm's Birmingham office since 1973, practiced in the areas of public finance,...

N.Y.-N.J. Port Gets Reprieve From FAA in Auction Fight.(News)
September 2, 2008... Byline: Ted Phillips The Port Authority of New York and New Jersey last week got a reprieve in what could prove a lengthy dispute over the Federal Aviation Administration's proposed auctioning of two flight slots at Newark Liberty Airport....

Moody's Is Latest Ratings Agency To Confirm San Diego's Recovery.(The Regions)
September 2, 2008... Byline: Andrew Ward SAN FRANCISCO - Moody's Investors Service upgraded San Diego's general obligation bond rating to A2 from A3 last week, becoming the final of the three major credit rating agencies to reward the city's recovery from...

Trends In The Region: TxDOT's Challenge; Under Scrutiny as FY '09 Kicks Off.(Southwest)
September 2, 2008... Byline: Richard Williamson DALLAS - The Texas Department of Transportation begins its fiscal year this week with new leadership, a record $8.3 billion budget, and $1.5 billion of newly mandated bonds amid a challenging political...

Tulsa Cuts $2B, 12-Year Street Plan to $452M Over Five Years.(The Regions)
September 2, 2008... Byline: Jim Watts DALLAS - The Tulsa City Council reversed its earlier approval of a 12-year, $2 billion street improvement plan and decided instead to send a five-year, $451.6 million program to the voters in November. The council on...

Vallejo Bankruptcy Ruling Imminent.(News)
September 2, 2008... Byline: Andrew Ward SAN FRANCISCO - The judge in Vallejo, Calif.'s bankruptcy case may rule on its eligibility for protection from creditors as soon as today. Lawyers for the San Francisco Bay-area city and employee unions filed final...

Aug. Volume On Par With '07 Numbers; Issuance Down Less Than 1% From 2007.(News)
September 2, 2008... Byline: Jack Herman August new-issue volume stood nearly on par with the same month last year, as issuers continued to refinance their auction-rate securities. A total of $28.95 billion new issues entered the market in August, down...

Gov. Riley Strikes Deal With Jefferson Investors.(News)
September 2, 2008... Byline: Shelly Sigo BRADENTON, Fla. - Alabama Gov. Bob Riley on Friday afternoon said he struck a deal with investors in Jefferson County's troubled sewer debt and bond insurers to extend debt forbearance agreements until Sept. 30 at no...

UBS Wealth, JPMorgan Complete First Deals.(Underwriters & Dealers)
September 2, 2008... Byline: Christine Albano UBS Wealth Management US and JPMorgan's municipal finance group have participated in their first deal together since inking a multi-year agreement last month that brings the two together to share new-issue product...

The Week Ahead: Massachusetts, N.J. Deals to Greet Buyers After Long Weekend.(Investors & Investing)(Calendar)
September 2, 2008... Byline: Christine Albano A Massachusetts general obligation offering and a $1.8 billion New Jersey tax and revenue anticipation note sale will compete for investors' attention as the first two largest deals to be priced as the market bids...

Dallas-Area Allen ISD Says $219M Sale Is Last for New Schools.(The Regions)
September 3, 2008... Byline: Jim Watts DALLAS - The two elementary schools proposed for construction in the Allen Independent School District's $219 million bond package will be the last new schools the Dallas-area district anticipates putting up. Voters...

California Budget Impasse Breaks New Ground as Calendar Hits Sept.(The Regions)(Calendar)
September 3, 2008... Byline: Rich Saskal SAN FRANCISCO - California's budget impasse has broken new ground, as the state government entered September without a spending plan for the first time ever. Lawmakers wrapped up their regular session Sunday - the...

Good News For CIFG, Connie Lee; One Gets a Reprieve; Other Is Reactivated.(The Regions)
September 3, 2008... Byline: Jack Herman State regulators provided a boost to two insurers yesterday, as New York said it was holding off on placing CIFG into rehabilitation due in part to commutation agreements the company announced, and Wisconsin gave...

Deal In Focus: Nebraska District Readies $325M For Transmission, New Power Plant.(Midwest)
September 3, 2008... Byline: Caitlin Devitt CHICAGO - The Nebraska Public Power District plans to enter the market next week with $325 million of fixed-rate bonds that will finance construction of a major new transmission line as well as mark the district's...

Delinquent Disclosure; Report Finds Fault With Secondary System.(News)
September 3, 2008... Byline: Andrew Ackerman WASHINGTON - More than half the municipal bonds sold between 1996 and 2005 have been delinquent in filing financial disclosures, showing the secondary market disclosure system for the municipal market is flawed,...

Maryland May Face Spending Cuts This Year as $1B FY '10 Deficit Looms.(The Regions)
September 3, 2008... Byline: Lynne Funk WASHINGTON - Maryland could face spending cuts this fiscal year to make up for a nearly $1 billion revenue shortfall that is expected in fiscal 2010, the Legislature's chief financial adviser warned yesterday. ...

Michigan's Gov. Granholm Pursues Kilpatrick Removal.(The Regions)
September 3, 2008... Byline: Caitlin Devitt CHICAGO - Michigan Gov. Jennifer Granholm was poised to begin a historic removal hearing today on indicted Detroit Mayor Kwame Kilpatrick amid a flurry of last-minute appeals and back-room plea deal negotiations that...

MMA Taps 25-Year Vet Schrager To Focus on Client Relations, Disclosure.(Underwriters and Dealers)
September 3, 2008... Byline: Jack Herman Twenty-five year market veteran Steve Schrager this week joined Municipal Market Advisors Inc. as a director working out of New Jersey, the company announced yesterday. Schrager most recently worked for Bloomberg's...

Rating Agencies: Moody's Sets Schedule to Migrate Municipal Ratings to Global Scale.(Underwriters & Dealers)
September 3, 2008... Byline: Rich Saskal SAN FRANCISCO - Moody's Investors Service yesterday formally announced its schedule to migrate U.S. public finance ratings to its global scale, starting next month with state government ratings. The announcement...

Regulation: MSRB Says Broker-Dealers Must Report ARS Buybacks Under RTRS.(Washington)
September 3, 2008... Byline: Lynn Hume Broker-dealers buying back auction-rate securities from their customers must report the purchases under the Municipal Securities Rulemaking Board's Real-Time Transaction Reporting System, the MSRB stated in a notice...

Munis Unchanged to Slightly Firmer.(Market News)
September 3, 2008... Byline: Michael Scarchilli The municipal market was unchanged to slightly firmer yesterday, as investors eased their way back from a long weekend. "There is a little bit of firmness out there, but it's really been quite slow," a trader...

In Brief: Treasury to Sell $26B Of 4-Week Bills Today.(Market News)
September 3, 2008... Byline: Gary E. Siegel The Treasury Department yesterday said it will sell $26 billion of four-week discount bills today. There are currently $44.002 billion of four-week bills outstanding.

New Jersey to Begin Retail Order Period for Sports Authority Bonds Today.(The Regions)
September 3, 2008... Byline: Michelle Kaske New Jersey today will begin a one-day retail order period on a $197.5 million transaction to refinance variable-rate debt insured by MBIA Insurance Corp. into fixed-rate bonds. The deal will refinance New Jersey...

Puerto Rico Prepares $250M GO Deal.(News)
September 3, 2008... Byline: Michelle Kaske Puerto Rico Thursday will price $250 million of new-money debt in the commonwealth's annual general obligation deal to help support infrastructure projects throughout the island. The bonds will offer 30-year,...

Rating Agencies: Connecticut Attorney General's Suit Moved From State to Federal Court.(Underwriters and Dealers)
September 3, 2008... Byline: Patrick Temple-West Washington - The lawsuits that Connecticut Attorney General Richard Blumenthal filed against the three major rating agencies for allegedly violating antitrust practices by rating municipalities and their bonds...

Stifel Nicolaus & Co. Is Set to Open Its 1st Public Finance Office in Texas.(Underwriters and Dealers)
September 3, 2008... Byline: Richard Williamson DALLAS - Stifel Nicolaus & Co. will open its first public finance office in Texas as part of a national expansion. The St. Louis-based financial services firm named Nora W. Chavez as managing director of the...

New Hires: Wachovia Beefs Up With 11 New Hires Wachovia Boosts Northeast, Florida Teams With 11 Additions.(Underwriters and Dealers)
September 3, 2008... Byline: Jack Herman Wachovia Corp. has added 11 members to its public finance team since the end of July as it seeks to expand in Florida and the Northeast and adjust to the changing municipal market, the company announced yesterday. ...

Midwest Bond-Watch.(Midwest)
September 3, 2008... Byline: Yvette Shields, Caitlin Devitt ILLINOIS Chicago Schools OK Budget The Chicago Board of Education last week unanimously approved a $5.14 billion budget for fiscal 2009 that closed a looming deficit through cuts, the use of...

Transportation: Airport Executives Association Eyes Federal Aid for Industry.(Washington)
September 4, 2008... Byline: Audrey Dutton The federal government must adopt bond-related policy changes and emergency provisions to keep the airport industry afloat, the American Association of Airport Executives said yesterday in a report by its energy and...

N.Y. County IDA Weighs Becoming Construction Manager for Project.(The Regions)
September 4, 2008... Byline: Ted Phillips The Dutchess County, N.Y., Industrial Development Agency Friday will consider taking on the role of construction manager for an infrastructure project to support a hotel and convention center. At its meeting...

Municipal Bond Activities.(Market News)
September 4, 2008... September 9 The Financial Industry Regulatory Authority will hold a New York Regulation and Compliance Conference at the Waldorf-Astoria in New York City. For more information or to register contact Cameca Johnson at 212-858-4119 or...

Regulation: Electric Cooperatives Ask Treasury Department to Modify Rules on CREBs.(Washington)
September 4, 2008... Byline: Peter Schroeder A group of 11 electric cooperatives across the nation have asked the Treasury Department to modify its regulations on clean renewable energy bonds, which they say increases their cost of borrowing and diminishes the...

Erie County, N.Y., Fiscal Agency Expected to Be Tapped for Ban Sale.(The Regions)
September 4, 2008... Byline: Ted Phillips A meeting to determine whether the Erie County, N.Y., Fiscal Stability Authority or the county itself would sell $84 million of bond anticipation notes for capital projects ended yesterday without a final decision, but...

Chicago Hospital Touts Charity Record.(News)
September 4, 2008... Byline: Yvette Shields CHICAGO - The University of Chicago Medical Center said yesterday it was "proud" of its charitable care record after receiving a questionnaire on its practices from the U.S. Senate's leading proponent of heightened...

JPMorgan to End Muni Derivatives Practice; Tighter Controls for All Tax-Exempt Business.(Underwriters and Dealers)
September 4, 2008... Byline: Jack Herman JPMorgan yesterday announced it will stop structuring interest-rate derivative products for governmental municipal issuers, while also instituting a number of measures designed to tighten controls across its tax-exempt...

Detroit Mayor Kilpatrick Expected to Plead Guilty in Deal Today Hosp 20, 1-2-23M.(News)
September 4, 2008... Byline: Caitlin Devitt By Caitlin Devitt CHICAGO - Detroit Mayor Kwame Kilpatrick was expected to plead guilty to felony charges this morning as part of a deal that likely will result in the once-popular young mayor resigning from office...

Tax-Exempt Yields Down 1 to 2 Basis Points.(Market News)
September 4, 2008... Byline: Michael Scarchilli and Jack Herman The municipal market was slightly firmer yesterday. Traders said tax-exempt yields were lower by one or two basis points. "There's a decent bid out there, but we're still underperforming...

In Brief: 4.833M Jobs Posted On Internet in August.(Market News)
September 4, 2008... Byline: Gary E. Siegel About 4,833,700 online job postings appeared on leading Internet job boards in August, a 314,3800 increase from July's revised level of 4,519,400, the Conference Board reported yesterday. In August, there were...

Michigan Hospital Bondholders Would Get Fraction Under Bankruptcy Deal.(The Regions)
September 4, 2008... Byline: Caitlin Devitt CHICAGO - Investors holding $38 million of bonds issued on behalf of a Michigan hospital will likely end up receiving just $3.2 million under a deal announced last week allowing the cash-strapped facility to enter...

Salaries: SIFMA Severance Disclosed; Two Executives Got $1 Million Each.(Washington)
September 4, 2008... Byline: Patrick Temple-West WASHINGTON - Two executives walked away from the Securities Industry and Financial Markets Association last year with roughly $1 million or more in severance pay after the Bond Market Association and Securities...

Trends In The Region: Gov. Riley Said to Push New Jefferson Plan.(Southeast)
September 4, 2008... Byline: Shelly Sigo BRADENTON, Fla. - A proposed restructuring plan reportedly being offered by Alabama Gov. Bob Riley to Jefferson County's sewer system creditors would require bondholders to accept a lower interest rate, banks to buy...

Arlington Still Trying to Convert Stadium Debt From Auction Rate.(The Regions)
September 4, 2008... Byline: Jason Philyaw DALLAS - Arlington, Tex., has been trying to convert auction-rate securities into fixed-rate debt for the past few months to no avail. The City Council wants to refinance more than half of the roughly $300 million...

Southeast Bond-Watch.(Southeast)
September 4, 2008... Byline: Shelly Sigo, Lynne Funk FLORIDA Revenue Estimates Plunge A Florida state economist told members of the Legislative Budget Commission last week that the revenue estimates for the fiscal 2010 budget have been lowered by $3.5...

Bond Insurers: ACA Financial Guaranty Names New CEO, Board of Directors.(Underwriters and Dealers)
September 5, 2008... Byline: Jack Herman ACA Financial Guaranty Corp. named a chief executive officer and a new board of directors as it reorganizes following the global settlement it signed last month with the 29 structured credit counterparties that now...

Louisville Arena Agency Closes $349 Million Deal.(The Regions)
September 5, 2008... Byline: Tedra Desue ATLANTA - A $349 million deal sold for the Louisville Arena Authority in Kentucky closed on Wednesday despite earlier concerns that it might fall victim to the credit market crisis. The Kentucky Economic Development...

Far West Bond-Watch.(Far West)
September 5, 2008... Byline: Rich Saskal, Andrew Ward ALASKA Musical Chairs in Statehouse Who will be governor of Alaska next year? Republican presidential nominee John McCain's surprise selection of Gov. Sarah Palin last week as his running mate...

SEC: No Action On Cox's Initiatives; Support for Plans Continues to Wane.(Washington)
September 5, 2008... Byline: Andrew Ackerman WASHINGTON - More than a year after Securities and Exchange Commission chairman Christopher Cox proposed a series of initiatives to boost municipal disclosure and accounting standards, no one in Congress or the...

Correction.(Market News)(Correction notice)
September 5, 2008... A story yesterday incorrectly reported that Arlington, Tex., was seeking to refund auction-rate securities. The city wants to refund some variable-rate demand bonds that are insured by MBIA Insurance Corp. with and a liquidity agreement from...

Georgetown University to Convert $550M of ARS in Coming Weeks.(The Regions)
September 5, 2008... Byline: Lynne Funk WASHINGTON - Georgetown University, one of the first issuers to be hit by a failed auction as the auction-rate securities market was beginning to collapse earlier this year, is joining the throngs of issuers exiting the...

Lawsuits: Pennsylvania School District Files Suit Against JPMorgan Over Swap.(Underwriters and Dealers)
September 5, 2008... Byline: Jack Herman Pennsylvania's Erie School District last week filed a lawsuit in U.S. federal court against JPMorgan, one of the bank's former brokers, and Investment Management Advisory Group Inc., alleging that collusion by the...

Illinois House Will Vote on Proposed Lottery Lease to Fund Capital Plan.(The Regions)
September 5, 2008... Byline: Yvette Shields CHICAGO - The Illinois House will convene on Wednesday to vote on a proposed long-term lease of the Illinois Lottery that could generate billions for a new capital spending program that has been stalled in a feud...

Yields: Most Weekly Indexes Decline as Market Returns From Labor Day.(Investors and Investing)
September 5, 2008... Byline: Michael Scarchilli Most of The Bond Buyer's weekly yield indexes declined this week, as the municipal market was largely unchanged to slightly firmer through most sessions as investors returned to work from a long weekend. ...

Lawsuit Aims to Invalidate Jefferson ARS, Swaps.(The Regions)
September 5, 2008... Byline: Shelly Sigo BRADENTON, Fla. - Two Birmingham, Ala., residents and a nonprofit group have filed a lawsuit asking that a judge invalidate $2.2 billion of sewer auction-rate securities issued by Jefferson County and $4.2 billion of...

Louisiana Upgrades Weather Gustav.(The Regions)
September 5, 2008... Byline: Jim Watts DALLAS - Hurricane Gustav battered Louisiana earlier this week, but the Labor Day storm did not endanger the recently upgraded ratings for the state's general obligation and tax-supported bonds. Gustav came ashore...

Maine Bond Bank Sets $50M Backed by New TransCap Fund.(The Regions)
September 5, 2008... Byline: Michelle Kaske The Maine Municipal Bond Bank later this month will issue nearly $50 million of debt backed by revenue allocated to the state's new TransCap Fund that lawmakers established to help finance transportation...

Detroit Fiscal Woes Survive Kilpatrick.(The Regions)
September 5, 2008... Byline: Caitlin Devitt CHICAGO - The imminent departure of Mayor Kwame Kilpatrick may signal the end of the legal and political saga that has consumed Detroit for nearly nine months, but the city's fiscal woes are far from over. While...

Munis Firmer as Market Digests Large Slate.(Market News)
September 5, 2008... Byline: Michael Scarchilli & Jack Herman The municipal market was slightly firmer yesterday, as the primary market digested its heaviest slate of long-term supply of the week, with issuers in Massachusetts, Florida, and Puerto Rico coming...

In Brief: Jobless Claims Up 15,000 To 444,000 in Aug. 30 Week.(Market News)
September 5, 2008... Byline: Market News International WASHINGTONInitial claims for state unemployment benefits rebounded 15,000 to 444,000 in the Aug. 30 week, the Labor Department reported yesterday, citing "no special factors." Initial claims came above...

In Brief: Productivity Rise 4.3%; Labor Costs Fall 0.5%.(Market News)
September 5, 2008... Byline: Gary E. Siegel U.S. nonfarm unit productivity rose at a 4.3% annual rate in the second quarter, above expectations and a faster pace than in the previous quarter, the Bureau of Labor Statistics reported yesterday. Unit labor...

In Brief: Aug. ISM Non-Mfg Index Rises to 50.6 From 49.5.(Market News)
September 5, 2008... Byline: Gary E. Siegel The Institute for Supply Management's non-manufacturing business activity composite index was 50.6 in August, up from 49.5 in July, on a seasonally adjusted basis, the group said yesterday. Economists polled by...

Trends In The Region: Unfinished Business; Many Bills Left Hanging in California.(Far West)
September 5, 2008... Byline: Rich Saskal SAN FRANCISCO - The small city of Half Moon Bay remains dangling on an $18 million hook after a bill that could have provided a cheaper resolution to a costly lawsuit died with the regular session of the California...

New Hires: Andrews Kurth Adds Vinson Veteran as New Partner in Austin Office.(Underwriters & Dealers)
September 5, 2008... Byline: Jason Philyaw DALLAS - Andrews Kurth LLP yesterday announced adding a veteran bond attorney to its Austin office. Jerry E. Turner has joined the firm as a partner in its public finance and corporate departments. "We are...

Money Market Funds: Tax-Exempt Assets Drop Again, to $514.3 Billion.(Investors and Investing)
September 5, 2008... Byline: Christine Albano Tax-exempt money market fund assets took another noticeable dip during the week ending Sept. 1, suffering a net decline of $6.28 billion to settle at $514.3 billion, according to the Money Fund Report, a service of...

Kentucky's Triple-A Housing Agency Sets $60M Deal.(The Regions)
September 5, 2008... Byline: Tedra Desue ATLANTA - The Kentucky Housing Corp. on Tuesday plans to begin issuing $60 million of bonds in a deal that is expected to fare exceptionally well with retail investors in the state. That's because the authority has...

New hires: Public Financial Management Nabs Fitch Vet Alan Spen for Public Power.(Underwriters & Dealers)
September 5, 2008... Byline: Ted Phillips Public Financial Management Inc. has hired Alan Spen, a 19-year veteran of Fitch Ratings, to join its public power group and expand its business into power co-ops. Spen, who has been in charge of Fitch's public...

Weekly Reporters Post $252 Million Net Inflow.(Investors & Investing)
September 8, 2008... Byline: Michael Scarchilli Weekly reporting municipal bond mutual funds had a net inflow of $252 million during the period ending Sept. 3, AMG Data Services reported. The results were down from a $432 million inflow the previous week,...

Northeast Bond-Watch.(Northeast)
September 8, 2008... Byline: Michelle Kaske, Lynne Funk, Ted Phillips CONNECTICUT Hartford Hunkers Down Hartford Mayor Eddie Perez last week called for belt-tightening and spending reductions to help the city offset lower than anticipated revenues....

Deal In Focus: Princeton Flaunts Its Triple-A Grade As It Goes to Market With $250 Million.(Northeast)
September 8, 2008... Byline: Michelle Kaske Princeton University on Wednesday will take bids for $250 million of natural triple-A rated debt to help pay for new academic buildings and maintenance projects. The New Jersey Educational Facilities Authority will...

With One Eye on the Skies, Sarasota County, Fla., Sets $73M Sale.(The Regions)
September 8, 2008... Byline: Shelly Sigo BRADENTON, Fla. - Weather permitting this week, Sarasota County, Fla., plans to sell $72.6 million of infrastructure sales surtax revenue bonds. The offering will be the first of nine tranches for a new program...

Jefferson County Aims to Extend Again.(News)
September 8, 2008... Byline: Shelly Sigo BRADENTON, Fla. - As Jefferson County's creditors consider a $3.2 billion sewer debt restructuring plan offered by Alabama Gov. Bob Riley, county commissioners today are expected to extend forbearance agreements that...

L.A. County Museum Sets $383M Refunding.(News)
September 8, 2008... Byline: Andrew Ward SAN FRANCISCO - The Los Angeles County Museum of Art will bring $383 million of variable-rate bonds to market tomorrow to refund its outstanding variable-rate debt portfolio. The bulk of the debt will refinance...

N.Y. Gov. Paterson Vetoes Bill Requiring LIPA to Get Approval for Rate Changes.(News)
September 8, 2008... Byline: Ted Phillips New York Gov. David Paterson Friday vetoed a bill that would have required the Long Island Power Authority to get approval from a state oversight board for certain rate increases. The bill's passage in June by the...