Municipal Bond Regulation News

Washington

Hatch: Congress Should Take Up Pension Bill in Wake of Detroit Bankruptcy Ruling

The Senate Finance Committee's top Republican said Wednesday that the bankruptcy judge's ruling Tuesday that Detroit's public pension funds could be subject to cuts is a wakeup call for Congress to consider his pension bill.

Infrastructure

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Moody's Raises Outlook for Toll Roads After Five Years

Moody's Investors Service raised its outlook on the toll road industry to stable from negative as toll revenues continue a slow but steady recovery. more »

Enforcement

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Ex-Bear Stearns Banker Ruiz Gets 2 Years in Prison

Former Bear Stearns managing director Roberto "Bobby" Ruiz was sentenced to two years in federal prison for his role in a massive El Paso County corruption case. more »

Budget & Finance

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Rating Agencies: Detroit Disturbing, But Don't Overreact

It is not time to panic despite the struggle of Detroit bondholders to regain their money, representatives of the four largest bond rating agencies told state treasurers Thursday. more »

Taxation

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IRS Tells Arizona City Its BABs Don't Qualify for Subsidy Payments

The Internal Revenue Service has told Avondale, Ariz. that it believes $29.8 million of Build America Bonds it issued in 2009 do not qualify for subsidy payments because of tax law violations. more »

Securities Law

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Continuing Disclosure More Critical Than Ever, Experts Say

Regulatory officials, analysts and lawyers told state treasurers Wednesday that their approaches to municipal bond disclosure are of the utmost importance in the wake of recent Securities and Exchange Commission enforcement actions. more »