- Washington
Washington Gov. Christine Gregoire signed new legislation into law this month that regulates the ability of out-of-state bond issuers to sell private-activity bonds for in-state projects.
May 5 - Nevada
Nevada Treasurer Kate Marshall has announced she will run for Congress in hopes of filling a seat left vacant by a Republican named to the U.S. Senate, according to local news reports.
May 5 - California
A California state senator has proposed a redevelopment agency reform bill as an alternative to a proposal by Gov. Jerry Brown to eliminate the agencies.
May 5 -
The troubled city of Montebello, Calif., took another financial hit last week when federal housing officials suspended funding to the city and demanded repayment of $5 million in grants, according to local news reports.
May 5 - California
San Francisco expects its deficit to skyrocket almost 200% over the next five years if nothing is done to fix its budget problems.
May 5 -
CHARLESTON, S.C. — Market experts on Thursday painted a bleak picture of the municipal securities market over the next few years, saying the high bond volume of the past six years is gone and unlikely to return.
May 5 -
WASHINGTON — House Ways and Means Committee panel members, researchers, and muni market participants debated the merits and faults of a public-pension disclosure bill Thursday at a hearing that also focused on tax-exempt financing and pension obligation bonds.
May 5 -
SAN FRANCISCO — At its inception the South Bay Expressway toll road was promoted as a model public-private partnership. It took ages to build, then quickly plunged into bankruptcy.
May 5 - Washington
The House Agriculture Committee on Wednesday approved a bill that would delay the implementation of rules on municipal and other derivatives imposed by the Dodd-Frank Act by at least 18 months, until after the next presidential election.
May 4 -
WASHINGTON — UBS Financial Services Inc. has agreed to pay more than $160 million to settle antitrust, securities fraud, tax and other charges with three federal agencies and 25 state attorneys general for rigging bids for at least 100 reinvestment transactions in 36 states, threatening the tax-exempt status of more than $16.5 billion of municipal bonds.
May 4
