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Hawaii Taps Kaiser Permanente to Run Maui Hospitals
Hawaii signed a lease agreement with Kaiser Permanente in which the health system will take over three struggling Maui hospitals.
Hawaii Governor David Ige said revenues generated in the Maui facilities will be invested back into providing healthcare services in the Maui region.
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The future of pension obligation bonds remains cloudy in California in the wake of the haircuts imposed on their holders in the San Bernardino and Stockton bankruptcies.  more »
April 27--NCW -- A $12.4 million bond proposal to modernize and expand Cashmere schools sailed to victory at the polls Tuesday, with 69 percent of school district voters approving.  more »
San Bernardino is on track to exit bankruptcy by the end of the year, City Attorney Gary Saenz said.  more »
State budget conditions vary widely as of late fiscal 2016, with the overall picture getting better while states with less diversified economies face significant stress, Standard & Poor's said Wednesday.  more »
Bond proposals from two Pierce County school districts failed to muster approval from voters in early election returns Tuesday night.  more »
Voters in the Lake Washington School District were approving a $398 million construction bond measure by 65 percent in Tuesday returns. It's a huge relief for a crowded district that has failed three previous bond measures to build new schools.  more »
SOUTH KITSAP -- For the second time this year, voters in South Kitsap appear to have turned down a $127 million bond to build a second high school off Old Clifton Road.  more »
Three Democratic Senators representing states without sales taxes recently wrote a letter to Senate leadership opposing federal legislation that would impose an Internet tax sales tax on its businesses.  more »
The recent decision by the California State Teachers’ Retirement System to change its investment policy and reduce expected asset return volatility, is credit positive for California and its school districts , Moody's Investors Service said.  more »
Marin residents will vote in less than two months on whether to tax themselves to pay for a $265 million bond to be used for more building repairs and upgrades at the College of Marin.  more »
California is the least prepared to weather a recession of the four most populous states, according to a Moody’s Investors Service fiscal stress test.  more »
A recent poll suggests that voters in the Soquel Union Elementary School District would approve a potential November bond measure to update school buildings.  more »
The Moses Lake School District has enlisted Spokane-based NAC Architecture for pre-bond planning and support services to help the district explore in depth its three bond package proposals.  more »

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Brian Fraser, co-chair of the litigation department at Richards Kibbe & Orbe LLP, examines the challenges of distinguishing a loan from a bond and a loan from a security, in a chat with Bond Buyer northeast regional editor Paul Burton.

Worst case, to-maturity debt service calculations that ignore the issuer's optional redemption feature lead to flatly wrong calculations for critical items like expected capital cost, refunding savings, and simple, basic principal and interest payments.

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