Print Edition
September 3, 2010
SEC Sets Rule for Muni FAs
WASHINGTON — The Securities and Exchange Commission Thursday announced that it has adopted a temporary rule requiring municipal advisers to register with it by Oct. 1 to comply with the recently enacted Dodd-Frank Wall Street Reform and Consumer Protection Act.
September 2, 2010
TD Bank Could Sue Harrisburg
Dauphin County Wednesday authorized TD Bank to pursue legal action against Harrisburg, as Pennsylvania’s capital city said it will not meet payments due Dec. 15 on $35 million of incinerator bonds.
September 1, 2010
Tax-Exempts Beat BABs In After-Tax Yields: Study
WASHINGTON — A National Bureau of Economic Research study has concluded that while Build America Bonds have succeeded in their mission to lower financing costs for state and local governments, traditional tax-exempt bonds still offer more enticing after-tax yields to individual investors.
August 31, 2010
Texas Sports Agency Flirting With Default
DALLAS — The Harris County-Houston Sports Authority, the builder of three professional sports stadiums, could default on some of its $988 million of debt as early as March 2011, according to calculations by Moody's Investors Service.
August 30, 2010
Mutual Funds Nab $728.4 Million
Municipal bond mutual funds reported another healthy slug of new money last week as demand for high-quality fixed income continued to drive investment flows.