After having been withdrawn from the energy bill in the Senate, controversial legislation to provide federal funds to Flint, Mich., and any other community facing a water crisis, has been included in a major water bill introduced in the chamber this week.
Sewon Kim has joined Siebert Brandford Shank as head of its Transportation Banking Group, the firm announced on Wednesday. Kim, a 16-year industry veteran, will be based in the firms New York City headquarters on Wall Street.
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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 »
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 »
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 »
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.