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ALAMEDA, Calif. — Las Vegas Monorail Co. bondholder Eaton Vance has broken with other large holders of the bankrupt project’s debt to challenge the settlement that trustee Wells Fargo Bank NA negotiated with Wisconsin state regulators to commute the monorail’s bond insurance policy.
March 13 -
WASHINGTON — The U.S. Department of Transportation announced late Friday that it is opening up the $2.4 billion of federal high-speed rail money that was rejected by Florida Gov. Rick Scott to a competitive bidding process for states willing to take on new projects.
March 13 - Washington
WASHINGTON — A House oversight panel will hold a second hearing on fiscal problems faced by state and local governments Tuesday, with witnesses from two major rating agencies.
March 13 - Washington
WASHINGTON — A report on the Securities and Exchange Commission filed with Congress Thursday questioned the wisdom of creating an independent municipal securities office that would report directly to the chairman.
March 10 - Washington
WASHINGTON — House Ways and Means Committee Democrats introduced a bill on Thursday that would reinstate Build America Bonds, the higher small-issuer limit for bank-qualified bonds, and six other bond, tax credit and loan guarantee programs.
March 10 -
ALAMEDA, Calif. — California’s attorney general appears to have thrown a monkey wrench into school districts’ common practice of paying for issuance costs using original issue premium.
March 10
- Washington
Members of a House Financial Services Committee panel on Thursday warned that the Securities and Exchange Commission’s proposed rules would require thousands of individuals, including some engineers and lawyers, to register as municipal advisers. That is not what Congress intended, they said.
March 10 -
WASHINGTON — Fitch Ratings warned on Wednesday that grant anticipation revenue vehicle bonds, known as Garvees, face heightened uncertainty as Congress struggles to reauthorize transportation spending.
March 10 -
The California Supreme Court has declined to hear the appeal of an appellate ruling requiring developers of many community facilities districts to pay so-called prevailing wages for all public improvements, whether or not they are financed with bonds.
March 10 - California
Los Angeles voters Tuesday approved a ballot measure to create a lower level of benefits for newly hired police officers and firefighters.
March 10
