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WASHINGTON — Market participants are sharply divided on the Municipal Securities Rulemaking Board’s draft proposal to prohibit dealers from underwriting new negotiated or competitive bond issues if they served as the issuer’s financial adviser on the transaction.
October 4 -
WASHINGTON — The Internal Revenue Service has told the Toledo-Lucas County Port Authority that $3.5 million of development revenue bonds it issued in 2005 to finance a manufacturing facility could be taxable.
October 4 -
SAN FRANCISCO — National Public Finance Guarantee Corp. withdrew a motion Monday asking a federal bankruptcy court to allow California state payments to the bankrupt city of Vallejo to flow to bondholders instead.
October 4 -
ALAMEDA, Calif. — The California Supreme Court upheld Gov. Arnold Schwarzenegger’s employee furlough policy Monday.
October 4 -
The House last week approved a bill that would allow state transportation departments and other tolling entities to offer discounted tolls to residents and nearby commuters, as individuals challenge the discounts in at least three lawsuits against tolling agencies.
October 4 -
WASHINGTON — The Municipal Securities Rulemaking Board announced the members of its new, majority-public board Friday, hours after it proposed a series of large fee increases to defray the technology costs for its EMMA site as well as expenses tied to the regulation of municipal advisers under the Dodd-Frank Act.
October 1
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SAN FRANCISCO — The University of Oregon has been forced to plunge deeper into a special reserve fund seeded by sneaker magnate Phil Knight to cover interest payments on $200 million of debt sold to pay for one of the most expensive college basketball arenas in the country.
October 1 -
The National Congress of American Indians is urging the Treasury Department to revoke the burdensome “essential governmental function” test for tribal tax-exempt financings, as well as allow tribes to take advantage of private-activity bonds and use federal guarantees.
October 1 -
Congress and the Obama administration would be wasting an opportunity to revive infrastructure if they set up a national infrastructure bank and its investment-selection process the same way that existing programs are structured, an economic analyst said here Friday morning.
October 1 - California
ALAMEDA, Calif. — California Gov. Arnold Schwarzenegger Thursday vetoed a bill that would have expanded the authority of redevelopment agencies into job-creation activities.
October 1
