Kyle Glazier

Moody's Investors Service has assigned an underlying Aa2 rating to Multnomah County School District No. 1J's general obligation bonds in advance of the Portland Public Schools' $245.7 million sale next week.

Anchorage, Alaska, voters have approved $59.25 million of bonds to expand and refurbish several elementary schools.

The Securities Industry and Financial Markets Association announced that it has developed model sophisticated municipal market professional, or SMMP, documentation to allow firms to comply with muni rules when dealing with investors who need less regulatory protection.

The municipal advisory business has exploded over the past 30 years, as economic, regulatory, and technological developments have combined to create a bigger business that is increasingly dominated by firms focused mostly on MA services.

The Securities and Exchange Commission’s revised estimates of the burden of complying with its main disclosure rule still inaccurate, the Securities Industry and Financial Markets Association told the commission in a new letter.

California Treasurer John Chiang on Thursday appointed 12 individuals to a task force he commissioned to develop best practice guidelines on the fiduciary care and use of state and local bond proceeds.

A federal appeals court will hear oral arguments May 15 in the case of three convicted bid riggers seeking to have their convictions overturned.

A Republican congressman said Tuesday he is concerned that the Securities and Exchange Commission's approach to municipal market enforcement risks creating an environment where only big players will get a seat at the table.

State revenues from gambling show weakness despite gambling expansion, according to a report from the Nelson A. Rockefeller Institute of Government.

A state authority in Wyoming is considering financing port projects in Oregon or Washington to strengthen Wyoming’s coal industry.

Non-dealer municipal advisors should not be allowed to act as placement agents for an issuance of bonds, the Securities Industry and Financial Markets Association told Securities and Exchange Commission chair Mary Jo White in a recent letter.

The Municipal Securities Rulemaking Board on Thursday requested approval from the Securities and Exchange Commission to expand the post-trade data displayed on EMMA.

Lawmakers are concerned about the Securities and Exchange Commission's extensive use of administrative proceedings to enforce securities laws in the wake of the Dodd-Frank Act, a trend that has not extended to municipal cases.

Former Miami budget director Michael Boudreaux wants the U.S. Supreme Court to grant him immunity from a Securities and Exchange Commission lawsuit that has attracted a lot of attention from issuer officials and attorneys.

Muni professionals who take a Municipal Securities Rulemaking Board-owned qualifications exam on or after April 1 will pay an increased fee of $150, the MSRB announced this week.

The muni market may learn more about how issuers fared under the Securities and Exchange Commission's Municipalities Continuing Disclosure Cooperation initiative after they respond next month to a survey from the Government Finance Officers Association.

The total amount of outstanding municipal securities and loans in the market rose 0.6% to $3.65 trillion in the fourth quarter of last year, as U.S. bank muni holdings increased 2.5% and mutual fund muni holdings rose to a record high $658 billion.

Lawyers, issuer officials, and others consulted about the fund agreed that the three firms did nothing against the rules when they gave the money to the fund, which is governed by a board independent of the city leadership and which does nothing to politically support Garcetti or any other political interest.

Peter Taylor, former chief financial officer for the University of California, has been appointed to the California State University Board of Trustees.

Securities and Exchange Commission member Daniel Gallagher is calling for Congress to mandate that municipal issuers use Government Accounting Standards Board benchmarks, possibly as a condition for the bonds to be tax-exempt.