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Tender option bond market participants have two options available to keep those programs viable under the Volcker Rule, though neither is without risk or likely to please everybody with an interest in TOBs.
April 9 - Hawaii
A flat revenue forecast will not slow Hawaii's efforts to bolster reserves and prepay other post-employment benefits, said the state's finance director, Kalbert Young.
April 9 - California
Southern California Edison has snapped up Ron Nichols, who resigned in January from a position as general manager of the Los Angeles Department of Water and Power.
April 9 -
Desert Hot Springs, Calif., is embroiled in a lawsuit with its police union stemming from a decision to slash police salaries to avert a fiscal crisis and possible return to bankruptcy.
April 9 - California
The PFM Group announced Tuesday that it is developing its K-12 education practice in California with three new hires in its San Francisco office.
April 8 - Alaska
Voters in Anchorage, Alaska approved the issuance of more than $80 million of general obligation bonds for various capital improvements throughout the city, according to unofficial election results.
April 8 -
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Alameda, Calif.'s victory in lawsuits brought by municipal bond investors over a cable TV and internet system it sold could set precedent in municipal bond cases.
April 7 - Washington
States that pull back on their cost-cutting measures in response to improving economic conditions could harm their credit, but local governments are in good shape thanks to a housing market recovery, according to a new report from Standard & Poor's.
April 7 - Washington
Energy Northwest is planning to sell $647 million next week to fund capital projects at its nuclear power plant and to refund outstanding debt.
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