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While members of Congress have been loathe to take the politically unpopular step of raising the federal gas tax, which provides revenue for bond-financed roadwork and other highway projects, a number of states have increased their gas taxes during the past few years.
February 8 - California
SAN FRANCISCO — California-based AGFS and Government Financial Strategies have merged their financial advisory practices in what they describe as a melding of shared industry values.
February 8 -
WASHINGTON — As part of its initiative to gauge compliance with arbitrage requirements, the Internal Revenue Service is auditing $43.45 million of Series 2006 general obligation refunding bonds that were issued by the St. Vrain Valley, Colo., School District in April 2006 to advance refund its Series 1997 bonds.
February 8 -
SAN FRANCISCO — The University of Washington, a top-notch credit, will hit a supply-constrained municipal debt market Wednesday with $271.3 million of bonds for refinancing and to fund various construction projects.
February 7
- Washington
The Municipal Securities Rulemaking Board has drafted an interpretive notice warning underwriters of new bonds that they may violate the fair-dealing rule if they agree to eliminate a reserve fund or take other actions for the new bonds that could hurt existing parity bondholders, without authorization from bond documents.
February 7 -
Standard & Poor's slashed Hercules, Calif.'s revenue bonds five notches, partly as a result of bankruptcy statements by city officials.
February 7 - Hawaii
Hawaii's governor wants to use the premium gained off a recent bond sale to help replenish reserve funds, but the state's social agencies think the money should be used to fund their programs.
February 6 - California
SAN FRANCISCO — Squire Sanders said it has hired public finance attorney Robyn Helmlinger as a partner in San Francisco.
February 6 - California
SAN FRANCISCO — California Gov. Jerry Brown said Friday he signed a bill into law that will allow the state to shift $865 million around internally to buffer cash-flow needs.
February 6 -
WASHINGTON — The Internal Revenue Service is auditing $31.59 million of Series 2004A first mortgage revenue bonds that were issued by the St. Johns County Industrial Development Authority in August 2004 to help Presbyterian Retirement Communities Inc. and its affiliates finance improvements to eight retirement centers in Florida.
February 3
