Southwest

Upper and Lower Basin states are at odds over post-2026 operations for the drought-stricken river, raising litigation risks and highlighting credit uncertainty.

State authorization for $1.35 billion of taxable ratepayer-backed bonds sold in 2022 for Oklahoma Natural Gas Company is being contested in court.

The authority would own and oversee a $3 billion partly bond-financed domed stadium for the NFL's Kansas City Chiefs.

The rating agency cited the state's sustained improvements in fiscal management and robust reserves.

The Texas city's bond issue will mostly refinance short-term commercial paper into long-term debt and refund some callable Series 2015 bonds.

The 10th annual event, which was originally scheduled for Oct. 1, will take place next week with the participation of some key city officials.

Lucas Janda and Eduardo Cabrera have joined Nickel Hayden Advisors, bringing its staff of registered municipal advisors to seven, the Austin, Texas-based firm announced.

A detailed plan for issuing the bonds, which will be backed by an extension of a 1% special sales tax, is expected by May 15.

The audit did not quell calls for greater transparency and oversight for the authority as it continues a bond-financed expansion program.