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WASHINGTON — House panel members on Wednesday opposed federal bailouts for municipal governments and were reluctant to provide states with bankruptcy protection, but they seemed to support requiring improved public pension fund disclosure.
February 9
- California
ALAMEDA, Calif. — California Gov. Jerry Brown said Wednesday that he’s killing the state’s plan to sell 11 state office buildings to private investors and lease them back.
February 9 -
House Republican leaders are calling for a bill to be introduced next week that would temporarily extend transportation programs, John Mica, R-Fla., chairman of the House Transportation Committee, said at a conference here on Tuesday.
February 9 - California
ALAMEDA, Calif. — California redevelopment agencies are paying through the nose in a rush to access the bond market ahead of a proposal to shut them down, Treasurer Bill Lockyer told a state Senate committee Wednesday.
February 9 -
The Municipal Securities Rulemaking Board filed amendments to its Rule G-23 with the Securities and Exchange Commission on Wednesday that would prohibit dealer-financial advisers from switching roles and becoming underwriters in the same municipal securities transactions.
February 9 -
WASHINGTON — Officials in the Obama administration on Tuesday announced plans to spend $53 billion over six years to finance the construction of a national high-speed rail and intercity passenger rail network.
February 8 -
ALAMEDA, Calif. — The Seattle City Council Monday ratified agreements designed to smooth the path toward construction of a tunnel to replace the elevated Alaskan Way viaduct along the city’s waterfront.
February 8 - Washington
WASHINGTON — On the eve of congressional hearings examining whether unfunded pension liabilities could trigger severe fiscal stress for state and local governments, a coalition of 10 groups representing state and local entities said public pensions are not in crisis and are not seeking federal assistance.
February 8 - Washington
WASHINGTON — The Depository Trust Co. has changed the way it processes principal and interest payments for municipal and other securities, triggering revised procedures or challenges for some rating agencies, trustees and issuers.
February 8 - Washington
WASHINGTON — The top Democrat on a House panel that plans to hold a hearing Wednesday on “State and Municipal Debt: The Coming Crisis,” believes states and localities need to reform their pension systems, but is uncertain about whether states in severe fiscal distress should be permitted to file for bankruptcy protection.
February 7
