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Reports on the University of Michigan's sale of $29.6 million of commercial paper notes which was the first in $120 million program for the Ann Arbor-based institution. Interest rates of the notes; Management process of the commercial paper notes; Rates given to the paper by the rating agencies; Anticipated selling costs of commercial paper notes for the succeeding 18 months.

The article states that the Michigan State Building Authority (MSBA) will sell $344 million of multimodal revenue bonds in December 2005. The sell will free up capacity in the state's commercial paper program and should avoid any impact from the typical end-of-the-year sell-off by fund managers. The MSBA will bring the deal on December 21 and 22, 2005 JPMorgan Securities Inc. as the sole underwriter and remarketing agent. Wayne Workman, a financial adviser with Robert W. Baird & Co., said that even though the deal comes as the market slows down for the holidays the variable-rate structure should work to the state's advantage.

Features the bond program of the Michigan State Building Authority under the leadership of director Thomas F. Saxton. Issuance of bonds for education and state correctional facilities; Plans of buying radio system; Replacement of commercial paper.

The article offers information on the impact of the historic bankruptcy filing of Detroit, Michigan on the U.S. municipal bond funds and their investors. According to managers of municipal bond funds, investors are standing faultlessly after the historic bankruptcy filing in July 2013. It also informs that clients focus more on the overall health of general obligation paper and the affect of filing on the municipal bond market than divesting their money of any association with Detroit debt.

The article reports that the investors prefer Puerto Rico over Detroit, Michigan for the financial trading due to the better condition of secondary market. According to municipal experts, Governor of Puerto Rico Alejandro Garcia Padilla works to strengthen the economy, stabilize the financial crises and offers several investment opportunities to improve the island's condition. It presents the views of Peter Hayes, a head of the municipal bond group at the financial services firm BlackRock Inc.

The article reports that Detroit, Michigan has filed a draft of court papers in support of its historic Chapter 9 bankruptcy request in July 2013. It mentions that court papers presents a layout of creditor negotiations that compete the lack of representation and organization among creditors and bondholders, who made it impossible to reach settlements. It also informs that city emergency manager Kevyn Orr has presented an 88-page declaration that lists the city's top unsecured creditors.

The article reports on the plan of the Michigan State Building Authority to sell 105 million dollars worth of lease-backed, fixed-rate revenue bonds in Michigan. The deal will be headed by Siebert Brandford Shank & Co. LLC, with Robert W. Baird & Co. as its financial adviser and with Dickenson Wright PLLC as bond counsel. Proceeds will be used to pay its outstanding commercial paper and to finance construction costs for several buildings that are leased to the state or educational institutions.

The article reports on the opposition of various groups on the plan to build the Detroit River International Crossing worth 1.8 billion dollars between Detroit, Michigan and Windsor, Ontario. The Michigan Environmental Council, the Sierra Michigan Club and the Transportation Riders United signed an open letter to state officials and Governor Jennifer Granholm and urged them to drop the plan. They expressed that the state does not need another bridge due to the declining border traffic.

The article reports that the Regents of the University of Michigan is selling $150 million bonds in a deal which helps finance the construction of the new $523 million Children's and Women's Hospital in Ann Arbor, Michigan. The deal will refund $24 million of commercial paper issued by the regents in 2006 to start funding the construction. Milagros Dougan, the university's assistant treasurer, said that the balance of the project will be funded with a combination of internal funds and gifts.

Reports on the marketing of revenue bonds by the University of Michigan in Ann Harbor, Michigan. Provision of permanent financing for the commercial paper; Construction of Biomedical Science Research Building; Renovations of school buildings.

Details the plan of city officials in Michigan to sell $90 million of environmental protection bonds. Strong demand for high-quality paper in the state; Boston, Massachusetts-based Tucker Anthony Inc. as the financial adviser for the bond issue.

Reports on the competition among traders for the Illinois competitive sale of $100 million of general obligation bonds.

The article reports on the full-blown state review warrants by the stressed fiscal situation of Detroit in Michigan in 2011. The preliminary review ordered by Governor Richard Snyder launch the process that can result to state intervention under the Michigan law. The office of Treasurer Andy Dillon began the review on December 6 and finished before the deadline. According to Dillon, Detroit still has time to act and is hopeful it can avert a state intervention while the review process proceeds.

Ottawa County, Mich., is bringing $29 million of gilt-edged federally taxable bonds to market on Wednesday to pay off a chunk of its unfunded pension liability, the first of several similar deals that may be on the horizon from local Michigan issuers. [ABSTRACT FROM AUTHOR]

The article focuses on the statement of the Detroit Free Press, related to financial services company JP Morgan Chase's chief executive officer Jamie Dimon asserting for Michigan's Detroit bankruptcy or treatment of its bondholders to hurt the state's municipal bond market. It states that that the bank will make a 100 million dollars investment in Detroit over the next five years in the forms of loans and grants.

Reports on the plan of the Michigan Building Authority to refund multi-million dollar in a sale planned that marks the second refunding for the authority in Michigan. Aid of the plan to allow the state to complete the purchase of a building previously leased; Total commercial paper notes issued as interim financing to purchase Constitution Hall; Funds appropriated by the Legislature to repay lease obligations.

Reports on the plan of Michigan for a multimillion sale of commercial paper to increase the school bond loan fund. Citation of bond transaction of state schools; Efforts to expand securities loan funds; Analysis on credit ratings on various schools in the state.

Reports on the proposed bond sales for the Detroit City School District by the lawmakers in Michigan. Support for the continuing capital improvements in the district; Education of voters about the capital needs of the school district; Consideration of the need for infrastructure development.

Reports on the Michigan State Building Authority's plan to sell 134 million dollar of revenue bonds. Structure of the bonds; Funding of building projects.

Focuses on Michigan State Building Authority's revenue bond deal. Bidding; Features of the deal; Structure of the deal; Dealings of the Michigan agency to the bond market; Upgrading of the authority's bonds.

Takes a look at the performance of bond funds in Michigan for the year ended May 31, 1998. Municipal fund performance by sector; Long-time staples in Michigan bond issuance.

Reports on the state of Michigan's sale of $357 million of trunk-line fund revenue refunding bonds. Rating upgrade received by the bond from Moody's Investors Service; Money provided by the state's trunk-line fund for state highways, roads and other streets; Selling of the bonds with a negotiated syndicate led by Morgan Stanley Dean Witter.

With interest rates on the rise and projects lined up, Michigan plans to tap all $1.9 billion of its remaining borrowing authority under the $3.5 billion Rebuilding Michigan road program in a sale slated for later this fall. Moody's rates Michigan's general obligation debt Aa1 and S&P has the state at AA. [Extracted from the article]

The article reports that credit rating agency Moody's Investors Service Inc. downgraded the sewer and water system revenue bonds of Detroit, Michigan. Moody's decreased the rating of its senior lien sewerage revenue bonds from A1 to Aa3 attributed to the decline of debt service coverage, derivative risks and looming capital needs. Moreover, it also lowered its senior water revenue debt from A1 to Aa3 and its second lien bonds from A1 to A2.

The article focuses on the needed tax reforms to immediately rise revenues addressing a structural deficit in Michigan. According to a panel, the state must concentrate on its long-term tax reforms to solve its problems. It has been recommended that the state should find a current fiscal plan combining revenue increases, spending cuts and reforms of public service delivery.

Reports the plans of Michigan state for the sale of multimodal general obligation school loans. Valuation of bonds; Loans for schools; Initiation of a liquidity facility.

Reports on investors' renewed interest in Detroit, Michigan. Major projects affecting Detroit's reputation; Bond market's response to the city's turnaround; Interest in loft conversions and single-family homes' Factors that curtailed Detroit's ability to start major capital projects; Visible signs of the city-business partnership.

The city of Flint, Mich. has asked Gov. Rick Snyder for $30 million to tackle contamination in its water supply, which has been a problem since the city broke off from the Detroit Water and Sewerage Department. [ABSTRACT FROM AUTHOR]

Reports that Wayne County, Michigan, is planning to sell general airport revenue bonds in July 1998. Expansion plan of the county for the Detroit Metropolitan Airport; Increase of bond authorization; Terminal planned for Northwest Airlines.

The article reports that in Michigan's primary election, voters have approved a slew of local borrowing and millage-increase proposals.

The article reports on the plan of the Michigan State University to issue 205 million dollars of 40-year taxable Build America Bonds (BABs) for capital projects in the state.

The article reports on the statement of Standard & Poor's Corp. that it has revised its rating outlook on the Roseville Building Authority, Michigan's Series 1993 unlimited tax refunding bonds to negative from stable. The rating agency assigned its A-plus rating to the authority's $4.85 million of limited-tax general obligation refunding bonds. The outlook reflects the potential for continued financial deterioration if there is no significant change to operating revenues.

This article reports that Detroit's issuance of deficit elimination bonds in 2004 and its failure to complete its audit this year could cause Michigan to reject an application to issue $55 million of revenue anticipation notes. According to Terry Stanton, a spokesman from the state Department of Treasury, the city had not applied with the state Department of Treasury for permission to issue the notes. But because of its standing with the state, the city would have to fill out what is called the long form before receiving approval.

The article provides the data on various bonds in the Midwest region. Some of the approved issuers and purposes are Chicago water revenue bonds in Illinois worth $500 million, Indianapolis Public Schools in Indiana worth $200 million and State unemployment revenue bonds of Kansas worth $450 million. While, State Airport commission revenue bonds of Michigan worth $430 million, Erie County hospital bonds in Ohio of $200 million in value are among those still waiting for approval.

Reports developments related to bonds in the U.S. as of March 2004. Increase in personal income and personal consumption expenditures; Consumer sentiment index of the University of Michigan; Raise in the rating of Kennebuk, Maine by the Standard & Poor's.

Reports on public finance conditions of Michigan as of March 3, 2003. Criticism of the state's former governor John Engler's spendings on capital projects; Refund of comprehensive transportation fund bonds sold in 1992 by Michigan Department of Transportation; Variation in the state's revenue during 1998-2001.

Reports on the plans of the Michigan Building Authority to sell revenue bonds to finance facilities improvement projects. Worth of the revenue bonds funded; Support for university expansions and correctional facility; Support from Morgan & Co. in the bond contract.

Reports on the plan of Michigan Building Authority to offer retail orders on its multi-million dollar lease revenue refunding bonds to institutional buyers. Credit ratings assigned to the deal by Moody's Investors Service Inc.; Lead manager on the deal; Purpose of the sale of bonds; Expected shortage in the state budget for the year 2002.

Reports that Moody's Investors Service Inc. has revised Kalamazoo, Michigan-based Western Michigan University's outlook to positive from stable in a report issued in conjunction with the school's sale in the third week of March 2003 of $ 23 million of refunding bonds. Use of the proceeds to refund the $ 21.3 million Series 1991B and $ 4.7 million 1999 general revenue notes; Insurance of the Series 2001 by Ambac Assurance Corp.

Reports the pace of spending to reform the public schools by the finance teams in Detroit, Michigan. Question on the district finances; Submission of yearly audits; Subject on the state address of Governor John Engler.

Focuses on the bond issue from the Pontiac Public Schools in Michigan. Structure of the deal among two minibond maturities; Expectations of investors' reaction to the issue.

Reports that the Detroit City Local Development Finance Authority is expected to sell as much as $50 million of tax-increment financing bonds below investment grade. Use of the proceeds to help cover costs the city incurred for a Chrysler Corp. plant built almost ten years ago; Rating received by the bond series from Standard & Poor's; Absence of a backup pledge for the new issues.

Focuses on the performance of the bond market in Michigan, amidst the long-running economic expansion in the country. Credit upgrades from rating agencies; School bond guarantees; Investment risks; Popular types of bonds.

Reports on efforts of financial manager Louis H. Schimmel Jr. to tackle a $2.5 million deficit and $7.5 million of bond debt in Hamtramck, Michigan's budget of $16 million. Appointment of Schimmel under the Local Government Fiscal Responsibility Act in Michigan; Things required by Schimmel to balance city's fiscal 2004 budget; Opinions of City Council member about Schimmel; Tools used by states to deal with financial crisis.

Profiles William Aldridge, chief financial officer of the Detroit School District in Michigan. Strategy in bringing Detroit back into the bond market; Appearance of Detroit schools as a low-risk issuer to the market; Detroit's receipt of bond rating upgrades in 1997.

Municipal group contends that the state has shortchanged them for years — to tune of more than $2 billion last year alone. [ABSTRACT FROM AUTHOR]

Democrat Gretchen Whitmer and Republican Bill Schuette are running for the open seat of Michigan governor. [ABSTRACT FROM AUTHOR]

S&P Global Ratings boosted Michigan's general obligation bonds to AA from AA-minus. [ABSTRACT FROM AUTHOR]

The university has not said how it intends to pay for the legal settlement. [ABSTRACT FROM AUTHOR]

The article focuses on the Michigan Municipal League's annual meeting in Detroit, Michigan, as of September 2013, in which Gary Brown, a former City Council member, said that Michigan needs to play a bigger role in Detroit's recovery by helping the city access the capital markets.