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The Sierra Kings Health Care District in California has paid the U.S. Treasury $20,000 to settle tax issues and preserve the tax-exempt status of bonds it sold in 2007 and 2009.
March 9 - California
National Football League stadium proposal in Inglewood is a credit positive for the city, according to Moody's Investors Service.
March 6
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San Diego officials rolled out a reform program aimed at speeding up plans to repair 1,000 miles of city streets in five years.
March 6 -
The Internal Revenue Service has advised several community development districts in Florida that they may not be political subdivisions that can issue tax-exempt bonds if they do not have public electors within five years of their bonds' issuance, a bond lawyer said.
March 6
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Many bond lawyers feel that with all municipal rating agencies soon to be beaming live ratings to EMMA, the Securities and Exchange Commission should amend its rules so that issuers no longer have to worry about filing notices of upgrades and downgrades.
March 6
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The Treasury Department announced on Friday that it will indefinitely suspend sales of state and local government securities beginning at noon on March 13 because of the federal debt limit.
March 6
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Bond lawyers are warning their issuer clients that they are operating at their own peril if they do not spend their bond proceeds in a timely fashion, since Internal Revenue Service agents in audits are raising concerns about proceeds that are spent late or not spent at all.
March 6
- California
California achieved the lowest interest rate in 26 years when it priced $1.935 billion of general obligation bonds March 4, according to State Treasurer John Chiang.
March 5 -
The University of California Regents are pricing $2.8 billion of combined new money and refunding bonds where municipal bond market observers predict ready demand.
March 5
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Municipal Securities Rulemaking Board has promoted its deputy general counsel Lawrence Sandor to the newly created position of chief compliance officer.
March 5
