Washington State Lawmakers OK Gas Tax Hike, GO Bonds for Roads
Washington State's compromise 16-year, $16 billion transportation plan includes gasoline tax increase and $5.3 billion of state GO bonds.
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The Municipal Securities Rulemaking Board is giving 529 college savings plan underwriters a 60-day extension on the first date data submissions are due under a recently adopted rule.  more »
The Supreme Court has declined to hear the case of ex-Miami, Fla. budget director Michael Boudreaux, sending the former official and the city back to court to fight a Securities and Exchange Commission lawsuit in a move some lawyers fear could hurt municipal officials' abilities to do their jobs.  more »
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Amid talks of Puerto Rico’s looming debt crisis, two senators plan to introduce companion legislation to a bill that would allow Puerto Rico to grant Chapter 9 bankruptcy powers to troubled public entities on the economically distressed island.  more »
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The Government Finance Officers Association is encouraging its members to urge their Congress members to support legislation that would allow states to require out-of-state online retailers to collect their sales taxes.  more »

Orrick, Herrington & Sutcliffe LLP attorneys take a look at the Securities and Exchange Commission settlements with 36 municipal securities underwriters pursuant to the Municipalities Continuing Disclosure Cooperation initiative.

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