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The Internal Revenue Service has opened an audit of $31 million of health center revenue bonds issued in 2005 by the Lebanon County, Pa., Health Facilities Authority to refund bonds previously sold in 1999 for a retirement facility.
August 10 - Washington
The Municipal Securities Rulemaking Board floated proposals Wednesday to ban false and misleading advertising by municipal advisors and require them to create written records of their advisory engagements.
August 10 - California
SAN FRANCISCO - California general fund revenues last month came in more than 10% below budget projections, raising the specter of deeper cuts to state spending.
August 10 - Washington
WASHINGTON - The Senate Banking Committee is looking into Standard & Poor's downgrade of U.S. debt, a committee aide said Tuesday. The committee is gathering information on the rating agency's action, the aide added.
August 9 - Washington
WASHINGTON - Municipal issuers who do not comply with their continuing disclosure agreements should be penalized, the Municipal Securities Rulemaking Board told the Securities and Exchange Commission Monday.
August 9 -
SAN FRANCISCO - St. Mary's College of California said it disagrees with Moody's Investors Service's assessment of its finances after the rating agency put $69 million of variable-rate bonds on watch for a downgrade.
August 9 - Washington
Standard & Poor's began downgrading municipal bonds Monday, giving market participants a sense of the broad impact its downgrade of U.S. debt will likely have on the muni market.
August 8 - Washington
WASHINGTON - If dealers take advantage of disruption in the financial markets to manipulate prices of municipal securities, they will be violating federal law, the Municipal Securities Rulemaking Board warned Monday.
August 8 -
SAN FRANCISCO - A federal judge has cleared Vallejo, Calif., to emerge from bankruptcy after three rocky years of Chapter 9 protection.
August 8 - Washington
Proposed municipal advisor rules on political contributions and supervision will not become effective until the Securities and Exchange Commission finalizes registration rules and defines the term "municipal advisor" later this year, the Municipal Securities Rulemaking Board said Friday.
August 5
