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Vallejo officially exited from Chapter 9 bankruptcy protection on Tuesday after finally satisfying the conditions of its plan that was approved in early August by a bankruptcy judge.
November 3 -
WASHINGTON - Secondary market trading volume surged to more than $851 billion in the third quarter of 2011, the highest so far this year, but still fell 8.5% short of the almost $931 billion reached during the same period last year, the Municipal Securities Rulemaking Board said Wednesday.
November 2 -
LOS ANGELES - The Reno Redevelopment Agency in Nevada recently went into technical default on a bond issue, and its larger fight for solvency has triggered a funding squabble with Washoe County.
November 2
- Washington
New municipal issuance should rebound next year, given low interest rates, pent-up demand for projects, and improved finances among states and localities, market observers with the Bond Dealers of America said Tuesday.
November 1 -
SAN FRANCISCO - Washington anti-tax and initiative crusader Tim Eyman has filed a lawsuit to try to void the state's $519 million bond deal for a floating bridge project.
November 1 - Idaho
Moody's Investors Service has extended the review period for a possible downgrade of $871 million of outstanding bonds sold by the Idaho Housing and Finance Association while the issuer works on a plan to shore up its balance sheet.
November 1 - Washington
SAN FRANCISCO - Washington's treasurer will ask the Legislature to cough up $42 million to try to protect the state from the repercussions of a local municipal default.
October 31 - California
LOS ANGELES - The California Housing Finance Agency has agreed to temporarily stop foreclosing on homeowners who are renting their homes out and are current on their mortgages.
October 31 -
While the loss of Internet retail sales taxes is not currently significant enough to hurt state and local government credit ratings, it could become a problem in the future, Standard & Poor's said in a report issued Monday.
October 31
- Washington
WASHINGTON - The Municipal Securities Rulemaking Board has asked the Securities and Exchange Commission for guidance on when a bank loan qualifies as a municipal security, officials said Monday.
October 31
