- California
ALAMEDA, Calif. — The California Debt and Investment Advisory Commission intends to hold the line on the reporting fees it charges for bond transactions in the state.
June 4 - California
ALAMEDA, Calif. — Every firm in California’s bond underwriting pool will be required to file quarterly reports on its municipal credit default swap activities, Treasurer Bill Lockyer announced Friday, while also urging the imposition of federal and international rules to limit “naked trading” of municipal CDS.
June 4 - Washington
WASHINGTON — Despite their expectations that the worst could be over for state finances, three groups warned yesterday that budget gaps, revenue shortfalls, and spending constraints are likely to continue this fiscal year and next.
June 3 -
WASHINGTON — Internal Revenue Service officials Thursday said that there are no plans to audit up to half of all Build America Bond deals, backing away from remarks they made last week.
June 3 - California
ALAMEDA, Calif. — Voters in California’s statewide primary election on Tuesday will consider more than $1.8 billion of local general obligation bond measures — a relatively small amount by recent standards — with most of the political heat being generated by the race for governor.
June 3
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WASHINGTON — Berkshire Hathaway Inc.’s Warren Buffett warned a panel investigating the causes of the financial crisis Wednesday that states and localities may face “terrible” financial distress in the next five to 10 years that in turn could lead some to look to the federal government for bailouts.
June 2 -
WASHINGTON — A consulting firm has warned the Treasury Department that interim guidance it released in March might force small school districts to obtain Cusip numbers for their tax-credit bonds even if the issuer has no intention of ever stripping the tax credit from the bonds and selling it separately.
June 2 -
WASHINGTON — Municipal issuers and their bond lawyers last week were scheduling meetings to discuss whether the Internal Revenue Service’s compliance push on Build America Bonds will deter them from issuing the bonds in the future or force them to change the offering documents to protect themselves in case the IRS audits the bonds.
June 1 -
The Internal Revenue Service closed an audit of $61.3 million of revenue bonds issued in 2005 by the Coastal Bend Health Facilities Development Corp. of Corpus Christi, Tex., and has determined the debt can remain tax-exempt.
June 1 - Washington
The Senate is expected to vote next week on a resolution by Sen. Lisa Murkowski, R-Alaska, to disapprove of greenhouse-gas regulation by the Environmental Protection Agency under the Clean Air Act.
June 1
