Attorneys

Strong rainy-day funds remain a key buffer, but states that rely on volatile revenues or face rising Medicaid, education and infrastructure costs may have less room to absorb the next shock, writes Market Intelligence analyst Jeff Lipton.

The White House has cut funding to states via curtailed disaster relief, paused infrastructure funding, and changes to the Medicaid program.

The statement "is a significant policy document providing guidance to MAs as to their roles, responsibilities, and potential liability under the federal securities laws," said Paul Kisslinger, a partner at Barnes & Thornburg.

The restructuring would reportedly target the taxable corporate bonds, which are subordinate to the muni debt.

Bondholders agreed to extend the lender longstop date, giving developers more time to test the LAX SkyLink project and avoiding an imminent technical default.

The guidance comes after Dave Sanchez, director of the Office of Municipal Securities, earlier this year signaled a focus by the SEC on whether MAs are fulfilling their duties to clients.

"We welcome the SEC's approval of the amendments to Rule G-27 as we continue the ongoing retrospective rule review process and look for ways to provide more flexibility in a changing work environment," MSRB's Ernesto Lanza said.

A U.S. Appeals Court for the Tenth Circuit ruling vacated a lower court's permanent injunction against a project to expand the Gross Reservoir.

Foley & Judell's Hathorn is to receive this year's Bernard P. Friel Medal while Barnes & Thornburg's Henck is to receive the Frederick O. Kiel Distinguished Service Award.

Jacqueline is thankful for the female mentors she's had throughout her career.

Lauren is a recognized contributor on workforce housing initiatives for school districts and community college districts.

Tiffany's work has directly supported thousands of residential units, millions of square feet of commercial and industrial development, transportation and tourism infrastructure, recreational amenities, schools, parks and other essential public improvements.

Born and raised in Norway of Tanzanian heritage, Sarah found her way to public finance via a law school internship at the World Bank Group, where she worked on development finance.

Ben has become a go-to contact for clients, focusing his practice on large-scale transportation infrastructure and essential utility systems.

Sebastian is nationally recognized for his high-impact work in public and project finance.

Ben's trajectory reflects steady advancement. After building his public finance practice at firms in Atlanta and Los Angeles, Ben joined Barnes & Thornburg as a partner in 2026.

The eight members of The Bond Buyer's 2026 Hall of Fame class helped shape not only major financings and institutions, but some of the laws, analytical approaches, market practices and professional networks that underpin municipal finance today.

The incoming Bond Buyer Hall of Famer spent nearly 50 years pairing legal expertise with advocacy, deal structuring and legislative problem-solving to help issuers navigate risks and expand their financing options.

Schools should begin auditing their programs and policies now, and bond buyers should prepare for more credit risks coming with higher education bonds.

The SEC has issued a proposal to rescind its "pay-to-play" rule relating to investment advisers. The rule "was modeled, in large part," on MSRB Rule G-37, Commissioner Hester Peirce said.