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Richard Williamson

Recent Stories From this Author

Texas-Size Pension Problems Threaten Cities' Infrastructure Plans
September 26, 2016 Three of Texas’ largest cities have already paid a price for unfunded pension obligations in the form of rating downgrades....

S&P Downgrades Two Detention Centers Citing New Federal Policy
September 21, 2016 S&P Global Ratings downgraded to junk $172 million of bonds for two private immigration detention centers after two federal...

Alaska's Loss Gives Texas Largest Rainy Day Fund
September 20, 2016 Texas now has the nation's largest rainy day fund after Alaska drained nearly a third of its fund in one year, according to a...

With Revenues Slumping, Oklahoma Borrows for Transportation
September 19, 2016 Caught in a severe fiscal crisis after energy prices collapsed, Oklahoma is offering $181 million of revenue bonds to keep its...

Oil Market Leaves Deep Craters in State and Local Credits
September 15, 2016 State and local governments and showing a wide variety of impacts from the collapse of the oil market that began two years...

Public Utility Refunding Pace Likely to Slow, Fitch Says
September 15, 2016 The rapid increase in refundings for public power and water utilities will likely slow as interest rates are expected to rise...

Bonds Feature in Houston Mayor's Pension Proposal
September 15, 2016 Houston Mayor Sylvester Turner wants to issue $1 billion of bonds as part of a comprehensive 30-year plan to rein in the...

Negative Returns Bring 'Lean Times' to Oklahoma Pensions
September 12, 2016 Oklahoma’s pension fund investments are among the nation’s worst performers, with some turning negative in the last fiscal...

Texas Missed Revenue Estimate in Fiscal 2016
September 7, 2016 With its fiscal year completed Aug. 31, Texas came up 1.3% short of revenue estimates used to budget for fiscal year 2016,...

No End in Sight as Oklahoma Revenues Keep Falling
September 7, 2016 Oklahoma Treasurer Ken Miller sees no immediate signs of a turnaround as state revenues fall for the 18th straight month in...

Federal Withdrawal Spurs Private Prison Bond Downgrades
September 6, 2016 Bonds for three private prisons in Texas suffered downgrades well below junk-bond status from S&P Global Ratings after the...

Kansas Revenue Misses August Forecast
September 2, 2016 Kansas revenues continued to fall below forecast in August, running 2.3% or $10.2 million short of expectations.

Texas Water Board Bringing $711M Triple-A Deal
September 2, 2016 The Texas Water Development Board expects the market to quickly absorb its $711 million of top-rated revenue bonds.

Texas Hospital Defaults Amid Nuclear Power Plant Tax Fight
August 30, 2016 Caught up in a dispute between county tax appraisers and the bankrupt owner of a nuclear power plant, a tax-supported hospital...

Texas DOT Plans $712M Deal Amid New Project Push
August 29, 2016 After approving a plan to finance $70 billion of projects over the next decade, the Texas Transportation Commission will issue...

Dallas County Judge Defends Actions in $168M Bond Sale
August 29, 2016 Dallas County Judge Clay Jenkins’ advocacy for two Dallas-based bond firms in a $168 million issue led to accusations of...

Southwest Issuers Close to Last Year's Record Pace
August 22, 2016 Issuers in the Southwest sold $42.85 billion of bonds in the first half of 2016, only 0.6% behind the record pace of the same...

Federal Action on Private Prisons Leaves Most Bonds Untouched
August 19, 2016 The federal Bureau of Prisons' phase out of private prisons has only a small effect on the municipal bond-financed private...

How Low Rates Give Senior Housing a New Lease on Life
August 18, 2016 Eight years after the housing market collapse, the senior housing sector is growing with the help of near record-low interest...

Lenders to Take Over Private Texas Toll Road
August 15, 2016 Lenders will own the private operator of State Highway 130 near Austin under a Chapter 11 bankruptcy reorganization plan filed...


Rhode Island General Treasurer Seth Magaziner, in an in-depth chat with Bond Buyer northeast regional editor Paul Burton, explains how the state can rebound through infrastructure. He also talks about his push to require investment firms to reveal public pension fees, lessons learned from the 38 Studios debacle, and his teaching days in post-Katrina Louisiana early in his career.

The orders provide some insight into what the Securities and Exchange Commission considers to be a material false or misleading statement in an offering document.

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