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Washington
Village Center CDD Disagrees With IRS
The Village Center Community Development District in Florida said Monday that it disagrees with two Internal Revenue Service notices that asserted that the district's bonds are taxable.
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Infrastructure
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No Long-Term Transportation or Tax Reform Bill Until 2017
Congress is not likely to pass a long-term transportation funding bill or tax reform legislation of any kind until 2017, after the presidential election, lobbyists said at the National Municipal Bond Summit earlier this week.  more »
Securities Law
MSRB: Financial Disclosures Way Up, Bank Loans Not so Much
Municipal issuers’ disclosures of financial and operating data have increased dramatically, while disclosures of bank loans have been disappointing, Municipal Securities Rulemaking Board executive director Lynnette Kelly said at a conference.  more »
Enforcement
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MSRB Seen Requiring ATS Pre-Trade Price Disclosures
The Municipal Securities Rulemaking Board is likely to propose requiring alternative trading systems to report quotation information on municipal securities to it in the future, industry officials said after listening to speakers on a federal regulatory update panel at a conference here on Monday afternoon.  more »
Budget & Finance
Report: Cities' Pension Funding Ratios Stabilizing
Recent trends in the public pension arena "are not all gloom and doom," as most cities' pension funding ratios appear to have stabilized since the low point in 2010, Merritt Research Services said in a recent report.  more »
Taxation
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NABL Wants IRS to Modify or Withdraw Memo on BABs
The National Association of Bond Lawyers is asking the Internal Revenue Service to modify or withdraw a memorandum about defeasances of Build America Bonds.  more »
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Opportunity Knocks to Educate Washington on Munis
The dialogue over tax reform provides an opening for state and local governments to educate members of Congress and their staff about municipal bonds, how they work and what they do.

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