Corporate governance

Congress has created recovery bonds for specific disasters in the past, and the CDFA wants the tool to become a permanent private activity bond category.

States may need to look to Florida's catastrophe fund example as extreme weather increases, FEMA denies more requests and insurance becomes unprofitable in much of the Midwest.

The request is part of the White House's larger funding request from Congress to cover disaster needs from tornados to wildfires.

A petition aimed at the Federal Emergency Management Agency highlights the deficiencies and opportunities FEMA has in adapting to a world of frequent extreme weather events

Hawaii Gov. Josh Green's last-minute attempt to resuscitate a bill that would have allowed Hawaii Electric Co. to issue debt, backed by a rate increase, failed.

The state's February general revenue collections came in $30.62 million below official estimates. but total collections for fiscal 2024 are $428.1 million ahead of forecasts.

Hawaii's budget director told a state Senate committee the costs to house people are coming in double what was estimated.

The Senate Committee on Transportation, Housing and Urban Development convened Tuesday to discuss the imminent need for permanent reauthorization of the Community Development Block Grant - Disaster Relief.

As the program inches through the federal appropriation process, Texas lawmakers have allocated state funds and created a five-county district with taxing power.

While Idalia caused major damage to some municipalities, it had less of an impact than feared since it hit less densely populated areas than Hurricane Ian did last year.

The Florida Insurance Guaranty Association is getting ready to head back to the market next week with a variable-rate bond deal after successfully selling fixed-rate bonds last week to help fund claims from insolvent insurance companies.

The Economic Development Administration, which hasn't been reauthorized in close to twenty years, should focus on grants, workforce development, and disaster relief, local leaders said.

"This is a historic accomplishment — setting new records for the largest single-month revenue and personal income tax collections in state history," said Gov. Jim Justice.

A series of atmospheric rivers and cyclone bomb storms in California have resulted in billions in damage. Lawmakers look to bond measures to help prevent future problems.

Wildfires in western states are becoming more severe and costing more to fight.

California's bond ratings are likely to escape unscathed from the atmospheric rivers that caused an estimated $646 million in damage to the state's infrastructure.

Local officials will now be able to access to revenue from a special tax levy previously reserved only for bonded debt to pay for capital improvements.

AccuWeather says Hurricane Ian may turn out to be one of the costliest storms in the county's history due to its violent storm surge, damaging winds and overpowering flooding rains.

The temporary government funding bill includes money for expected recovery needs from Hurricane Ian's landfall in Florida this week.

The board and its law firm O'Neil & Borges clashed with challenger Carlos Lamoutte in court papers.