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Reports on the Sunshine State Governmental Finance Commission's plan to expand its commercial paper program with an additional $600 million of authorization that will be loaned to qualified government borrowers in Florida. Permission of the commercial paper program to operate without liquidity providers; Annual credit assessment of program members; Borrowing requirements.

Reports that Fort Worth, Texas is seeking permission from the Texas general public to expand its commercial paper program to fund the general obligation projects approved by voters in a bond election on February 1998. Purpose of the commercial paper program; Replacement of the short-term borrowing with long-term bonds; Main criteria for gaining approval for the program.

The article reports on the call of a U.S. House subcommittee chairman, five state and local group, and a Florida official to let the Treasury Department and Federal Reserve to modify their commercial paper and troubled asset purchasing programs (TARP) to include state and local governments. The call is believed to help stabilize the short-term tax-exempt bond market and facilitate a return to more normal market conditions.

Reports on the white paper of the National Federation of Municipal Analysts for the application of the federal securities laws to disclosure in Washington. Encouragement of municipal issuers to provide bond-related information to investors; Establishment of a national gateway page on the web site of municipal issuers; Development of disclosure guidance.

Reports that a task force of the Bond Market Association has sent its members a draft white paper on electronic disclosure that recommends hypertext markup language (HTML) as the standard format to be used by municipal issuers who want to file secondary market disclosures electronically. Costs issues associated with the use of HTML; Sending of annual financing information.

Lower income households benefit more from tax-exempt debt than shown by traditional analyses, researchers at the Urban Institute found. [ABSTRACT FROM AUTHOR]

The article focuses on the decline in municipal bonds market in the U.S. in the week of August 2014. Topics discussed include information about the two largest deals including auctioning of 345.2 million dollars of general obligation public improvement bonds by Wake County, North Carolina and Washington, D.C. revenue refunding bonds brought by Siebert Brandford, municipal investment bank.

The article reflects on the increasing demands for the U.S. Paper money, a type of demand notes in the U.S. It mentions that the demands will remain high in New York State due to low interest rates and increased activities by investors in the financial year 2013. It presents statistics which depicts the demand of short-term sales notes in the state.

The article informs that Dallas Area Rapid Transit (DART) deal with Bank of America Corp. has been postponed due to the recent Hurricane Sandy. It mentions that DART were planning to close its commercial paper issues by issuing sales-tax revenue bonds of 128.3 million U.S. dollars in October 2012. It also informs that the deal was scheduled to go to the U.S. bond market in October 2012 but now it has been postponed due to the storm in the U.S. East Coast.

Reports on Standard & Poor's Corp.'s modification of the rating criteria for commercial paper and variable-rate demand notes in the United States. Obtaining 100 percent backup liquidity facility; Flexibility of the criteria for rating.

Reports on the decision of the Montgomery County, Maryland Council to deny funding for a recycling plant. Implications for the contract signed by county executive Douglas Duncan and Office Paper Systems Inc.; Value of the bond sale to finance the project.

Reports that fund managers in the United States are going after nonrated papers to diversify their portfolios. American Express Financial Corp. portfolio manager Paul Hylle's purchase of both high-quality and high-yielding paper; Nonrated papers purchased by Columbia Management Co. portfolio manager Greta Clapp.

Provides an overview on the performance of the money market funds in the United States as of February 12, 1999. Fund managers' concern over the lack of supply in the new-issue market; Yield increase in the general market daily variable-rate demand; Increase in spreads between California and general market paper.

Describes responses by money market fund managers to trends in the money market funds in the United States. William Henderson of BlackRock Institutional Management Corp.; Todd Pardula of American Century Investments.

Reports that more portfolio managers are holding on to their short-term money market funds because of undesirable yields offered on variable-demand rate notes as of August 19, 1998. Evergreen Funds' selection of short-term instruments rather than commit to low yields; Supply-demand imbalance created by the stock market downturn; Investors that took the risk of one-year papers.

The article reports on the search for a new paper in the U.S. in spring 2012 that will replace the one whose maturity will be in June and July. Municipal bond experts say that the spring this year will have no difference from past years with regards to the heavy demand for new paper. Guy Davidson of Alliance Bernstein says that it is going to be another big reinvestment season.

This article reports that two issues of solid-waste disposal bonds totaling $58.8 million that were issued by Oregon for a paper mill owned by Georgia-Pacific Corp. have been formally declared taxable by the U.S. Internal Revenue Service (IRS), the company acknowledged in documents filed with the Securities and Exchange Commission. Georgia-Pacific also disclosed in the same filing that the IRS is auditing $184.6 million in solid-waste disposal bonds that were issued for five other facilities at company mills in three other states, although it said the IRS had confirmed to the company that it is willing to continue to discuss possible settlements regarding those five bond issues.

Coming off the biggest volume week of the year, another steady batch of issuance awaits muni traders. [ABSTRACT FROM AUTHOR]

Reports that Houston, Texas plans to sell $258.59 million of public improvement bonds on November 20, 2002 in a negotiated deal in an effort to defease part of the city's outstanding commercial paper and to refund most of its debt from several annexed municipal utility districts. Co-financial advisers of the city; Co-bond counsel for the deal; Districts annexed by the city.

Primary municipal bond market volume is expected to increase to $6.7 billion. [ABSTRACT FROM AUTHOR]

The muni market firmed up on Monday, ahead of what should be another busy week. [ABSTRACT FROM AUTHOR]

The municipal bond market is prepping for around $5 billion of new issuance in the upcoming holiday-shortened week. [ABSTRACT FROM AUTHOR]

They see aggressive assumptions and a failure to tackle long-term problems like pension underfunding. [ABSTRACT FROM AUTHOR]

The article reports on the white paper released by Standard and Poor's Corp. stating the issuer-pays is that most effective business model for fostering high-quality ratings in the U.S. California Treasurer Bill Lockyer criticizes the Securities and Exchange Commission (SEC) for not including the municipal bond issuers who could discuss the double standard of rating municipal bonds on a more tighter scale. The paper comes as the issuer-pays model used by the rating agencies has come under fire.

The article reports on the creation of Thomson Financial's Municipal Market Data's (MMD) new variable-rate demand (VRD) obligation average in the U.S. It is aimed in excluding all floating rate paper insured by monoline insurer. VRD was created in response to concerns brought by their broker-dealer clients.

The article discusses a paper being drafted by a National Association of Bond Lawyer's committee to provide members with recommended best practices on how to deal with the disclosure issues posed by multi-related derivatives transactions. The paper will detail the types of questions that lawyers need to ask to be able to fully understand the risks linked with the derivative transactions.

Reports on the issuance of white paper on swaps and swaptions by the National Federation of Municipal Analysts in the U.S. Guidelines for information disclosure; Encouragement of the state and local issuers to develop formal swaps management plans; Representation of the bond market groups.

Reports that Miami Dade Expressway Authority will begin evaluating bids for the commercial paper program to be used in the sale of long-term bonds. Purpose for the agency's hiring of new underwriters; Worth of the total commercial papers; Estimated amount of taxable revenue bonds to be refunded.

Reports on the increasing 2002 budget deficit in Chicago, Illinois. Adoption of commercial paper authorization; Use of short-term borrowing program; Reduction of forecasted collections of taxes.

Focuses on the launch of a longstanding commercial paper program to provide short-term financing for projects at O'Hare International Airport in Chicago, Illinois. Delay of state tax payments; Approval of the finance committee on the sale of general obligation bonds; Review of revenue projections.

Reports that the Los Angeles Department of Airports in California will sell commercial paper in February 1999 to finance general airport improvements that will benefit a proposed expansion plan. Plans to roll over the short-term debt into general airport revenue bonds upon approval of the expansion plan; Security for the commercial paper; Revenues from passenger facility charges; Expansion plan details.

Focuses on investors' interest in money market funds in the United States. Slowdown of the new note supply; Increase of daily rates on nonalternative minimum tax; Proliferation of tender-option bonds.

Reports that Wisconsin will sell $50 million of general obligation variable-rate notes in December 1998 under a commercial paper program launched in 1997. Funding of construction projects that have traditionally been funded with fixed-rate debt; Interest rate; Attractiveness of the transaction; Plans to convert the notes into fixed-rate mode in the third year.

Reports on the plan of the New York Power Authority to refund taxable commercial paper and replace it with tax-exempt paper in preparation for the state's power market deregulation plans. Amount of commercial paper planned for refunding; Plan to ask the US Federal Energy Regulatory Commission for a ruling on the plan.

Focuses on Texas-based Dallas Area Rapid Transit's plan to launch a second round of taxable commercial paper issuance on June 26, 1998, to fund capital projects. Funds for the expansion of a light rail system; Purchase of new buses; Letter of credit providers.

Reports that Tennessee's Shelby County has closed its sale of $95 million of bond anticipation notes on July 10, 2000. Use of the proceeds to refinance outstanding Bans it sold in 1998; Strength of the county's credit strength.

Municipal strategists say intermediate securities, premium bonds with short calls, and investment-grade paper, top their holiday wish lists of must-have securities as 2014 winds down, while they forecast continued steady performance by municipals into early 2015. [ABSTRACT FROM AUTHOR]

The article offers information on an announcement made by Puerto Rico Electric Power Authority (PREPA) as of August 2014 regarding an agreement between its troubled electric power authority and creditors. Topics discussed include pricing for PREPA's debt, bonds maturing between 2026 and 2044, and effects of tension between Ukraine and Russia on treasury notes of the U.S.

Reports that Moody's Investors Service has assigned a P-1 rating to $100 million of tax-exempt commercial paper planned by the Indiana State Office Building Commission in January 1998. Use of the issue to refund a $20 million Series 1997 note and provide construction financing for several projects; Support for the bond issue through lines of credit from Bank One Indiana and NBD Bank.

Reports on the Public Securities Association's plan to issue a white paper recommending computer languages for issuers who want to voluntarily disclose information electronically under the disclosure rules. Legal issues raised by electronic disclosure; Security concerns of issuers.

The article reports on the increase in the trading of Puerto Rico bond in the secondary market in the U.S. The increased trading is driven by the enactment of a fiscal 2007 budget by the commonwealth. Analysts claim that the Puerto Rico market is stable with a spread of 10 to 15 basis points on insured bonds from commonwealth issuers. Compared to bonds issued by states, the Puerto Rico bond trades higher.

Reports that New York officials have been asked by a state Supreme Court justice to file legal papers in relation to a controversial deal to refinance a portion of Municipal Assistance Corp.'s debt. Objective of the judge's order; Criticism of the order by the officials.

Focuses on the plan of the state of California to competitively price the general obligation bonds. Maturity of Series A notes; Percentage yield of Series B notes; Use of institutional pricing.

Reports that agents of the US Federal Bureau of Investigation have raided Markham, Illinois city hall and Mayor Evans Miller's private office. Seizure of papers relating to a $4 million tax-increment financing bond issue; Miller's reaction to the raid; Councilor Geraldine Dudeck's concerns over misspending of bond proceeds.

Reports the marketing of tax and revenue commercial notes by the Texas state. Authorization of the state to use the sale of the notes as operating capital; Competition among ratings agencies for the buying of the notes; Traditional ways of in preparing cash-flow projections.

Reports on the sale of from a multimillion-dollar taxable commercial paper authorization by University of Texas. Plan of the university to issue its first-ever taxable debt; Purpose of proceeds from the issue; Acquisition of an office building in the Houston Medical Center.

Highlights trends in the municipal bond market in the United States as of February 4, 1999. Efforts of some retail brokers to get their clients to warm up to 4.75 percent coupons; Trends in the secondary issues; Supply in the primary market; Efforts to lure mom-and-pop buyers to municipals.

Focuses on the difficulties of municipal bond participants to deliver tax-free bonds to retail customers in the United States due to third quarter redemption in 1998. Inside track of institutional investors to primary market offerings; Popularity of money market funds and corporate and Treasury bonds.

Reports on dealers' suggestion that clients buy long in health care, transportation and housing as market volatility continues to roil bonds and stocks in the United States. Attraction of ten-year paper to investors looking for the best buy compared with Treasuries; Retail investors' awaiting of comeback of 5% coupons; Bonds in demand.

Focuses on a Houston debt issue that could total as much as $250 million of general obligation current-refunding bonds. Purpose of the bonds; Sale date; Maturity; Pledge; Redemption provision; Ratings; Siebert Branford Shank & Co. as senior manager; Co-financial advisers; Co-bond counsel.