- Washington
The Municipal Securities Rulemaking Board's net assets spiked to $36.65 million for the fiscal year ending Sept. 30, 2011, soaring by $6.89 million from the previous year as new technology and transaction fees offset a dip in underwriting assessment fees, according to audited financial statements and an annual report expected to be released Friday.
January 5 -
The California Supreme Court rang the death knell for the state's redevelopment agencies, sparking questions about how their existing obligations will be met.
January 5
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Moody’s Investors Service has revised the outlook on the University of Washington’s Aaa general obligation bond rating to stable from negative.
January 5 - California
Costa Mesa, Calif., made national headlines in March with plans to lay off half of its public workers, but officials are hitting roadblocks as they try to implement the plan.
January 5 - California
Standard & Poor’s downgraded its underlying rating on the Oxnard Financing Authority’s wastewater revenue bonds four notches to BBB from A-plus. The Dec. 29 action affects $138.9 million of outstanding debt secured by net revenues of Oxnard’s wastewater system.
January 5 -
Standard & Poor’s last Thursday lowered its long-term and underlying rating on two series of Alameda Corridor Transportation Authority bonds just two weeks after Fitch Ratings affirmed the agency’s ratings.
January 5 -
A bipartisan House duo has introduced legislation that would authorize up to $50 billion of tax-credit bonds to be used over six years to finance transportation infrastructure projects, mirroring a bill pending in the Senate and garnering support from lobbyists even as some question whether such bonds could overcome expected hesitancy from investors.
January 4 -
The Illinois Department of Transportation will receive $186 million to continue construction on a high-speed rail line linking Chicago with St. Louis, U.S. Transportation Secretary Ray LaHood announced Wednesday.
January 4 -
The Securities and Exchange Commission has sued a Georgia attorney and his client for securities fraud over their failure to disclose the client's criminal indictment in bond documents for $2.96 million of industrial redevelopment revenue bonds sold by Raleigh County, W. Va., in 2006 and 2007 that are now in default.
January 3 -
The Internal Revenue Service's tax-exempt bond office has formed a seven-person team that is using EMMA and other data from the Municipal Securities Rulemaking Board to determine if muni bonds were initially offered at prices that raise questions about tax-law compliance.
January 3
