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Dealers would have to submit bidding information for auction-rate securities in a set of individual data points rather than in document form under changes the Municipal Securities Rulemaking Board submitted Friday on a proposed expansion of its transparency system for ARS and variable-rate demand obligations.
July 9 -
WASHINGTON — The Federal Transit Administration and U.S. Department of Transportation Thursday announced $300 million in competitive grants for cities and local agencies to pay for 53 transit proposals including bus, streetcar and trolley projects.
July 8
- California
ALAMEDA, Calif. — A water rights dispute has stalled plans by California’s Imperial Irrigation District to sell $250 million of Build America Bond certificates of participation next week to finance new power-generating equipment.
July 8
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WASHINGTON — New York City Comptroller John Liu is calling on the state’s congressional delegation to press the Internal Revenue Service to provide consistent and specific guidance on controversial issues surrounding the Build America Bond program.
July 8 -
WASHINGTON — The Internal Revenue Service has closed an audit of $52.5 million of bonds issued by the Ave Maria Stewardship Community District in southwest Florida with no change to the tax-exempt status of the debt, the district disclosed this week.
July 8 - Washington
WASHINGTON — Programs that allow localities to issue bonds to finance loans for homeowners seeking energy-efficient upgrades have hit a wall after a federal regulator directed mortgage giants Fannie Mae and Freddie Mac to tighten their underwriting standards before they purchase mortgages tied to the loans.
July 7 -
DALLAS — The Port of Seattle will upgrade equipment at Seattle-Tacoma International Airport and refinance several series of outstanding debt with proceeds from next week’s negotiated sale of $394.6 million of intermediate-line revenue bonds.
July 7 -
WASHINGTON — This month is a significant milestone for the Municipal Securities Rulemaking Board, marking its one-year anniversary as the sole official repository for muni issuers’ continuing disclosure documents.
July 6
- Washington
ALAMEDA, Calif. — With two upgrades in hand, the city-owned electric utility in Tacoma, Wash., has a $200 million revenue bond deal on the calendar next week.
July 6 - Washington
More than $150 million of federal broadband grants were awarded Friday to governmental, publicly owned or bond-issuing nonprofit organizations.
July 2
