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WASHINGTON — States will not receive highway payments from the federal government starting today because of the Senate’s inability to clear a temporary extension of aid to states, although payments could resume this week, according to market sources.
February 26 - Washington
WASHINGTON — The Municipal Securities Rulemaking Board on Friday released a video tutorial for muni issuers and others who submit continuing disclosure documents to its EMMA site.
February 26 -
WASHINGTON — A Fitch Ratings report released this month lengthens the shadow cast over transportation credits by the economic downturn. However, the agency predicted an eventual upturn for seaports.
February 25 -
WASHINGTON — Three market groups are moving forward with plans to collaborate on new guidelines to improve the quality of derivatives disclosure and the more timely release of financial information.
February 25 -
SAN FRANCISCO — The massive bankruptcy filing of the developers of the Lake Las Vegas resort may be heading to a resolution this year, with the debtors proposing a Chapter 11 exit plan they say will provide the best outcome for municipal bonds affected in the filing.
February 25
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WASHINGTON — Sens. Ron Wyden, D-Ore., and Judd Gregg, R-N.H., said they included provisions to halt the issuance of tax-exempt bonds beginning in 2011 in their tax reform bill to make the tax code fairer for all investors and to help offset proposed revenue losers.
February 25 -
The House and Senate are hurtling toward a deadline this weekend to extend the current surface transportation law, but bills pending in each chamber differ significantly in how funds would be allocated to the states.
February 25 - California
SAN FRANCISCO — California is back on the bond calendar.
February 25 -
WASHINGTON — Municipal market participants are still weighing the implications of a bill that would eliminate tax-exempt bonds and shift the muni market wholesale to a tax-credit subsidy, with many warning it would hurt state and local governments still recovering from the recession.
February 24 - California
SAN FRANCISCO – California State Treasurer Bill Lockyer asked an Assembly committee Wednesday to approve a cash-management bill designed to make state general obligation bonds more palatable to investors.
February 24
