- California
SAN FRANCISCO — The Los Angeles Unified School District plans to sell $1.8 billion of general obligation bonds next week, forging ahead with one of the nation’s most ambitious school building plans as it cuts hundreds of millions of dollars from its operating budget.
February 8 -
WASHINGTON — The Securities and Exchange Commission wants to hire outside municipal market experts, including traders and investment bankers, to work in its reconstituted municipal and public pension fund enforcement unit, Elaine Greenberg said Friday.
February 5 -
Policymakers should allocate 25% of all federal transportation funding to competitive programs across all modes of travel as they consider overhauling federal laws, according to a recent report by the nonprofit Bipartisan Policy Center’s National Transportation Policy Project.
February 5 -
Senate Banking Committee chairman Christopher Dodd, who said Friday he plans to move forward with a massive financial regulatory reform bill without Republican support, told federal regulators that he wants the bill to include language that would give the Municipal Securities Rulemaking Board oversight of pension fund placement agents.
February 5 -
SAN FRANCISCO — Former public finance banker Nathan Brostrom has been promoted to executive vice president of business operations of the University of California system.
February 5 - California
SAN FRANCISCO — Los Angeles Mayor Antonio Villaraigosa late Thursday ordered administrators in the nation’s second-biggest city to begin cutting 1,000 jobs to help close a $212 million general fund budget deficit in the fiscal year that ends in five months.
February 5 - California
SAN FRANCISCO — Officials in Marin County, Calif., have reportedly approved an electricity purchase agreement that marks a major milestone their effort to implement a public power program known as community choice aggregation.
February 5 - Washington
The District of Columbia does not have any additional debt capacity and risks exceeding its self-imposed 12% debt-to-expenditures cap in fiscal 2011 unless about $350 million of its outstanding fixed-rate bonds are refunded, officials told members of the District Council Friday.
February 5 -
WASHINGTON — The National Association of Bond Lawyers yesterday joined the growing chorus of muni market groups pushing for an extension beyond the end of 2010 of two provisions in last year’s $787 billion American Recovery and Reinvestment Act allowing banks to purchase tax-exempt bonds from issuers that otherwise might not have access to the market.
February 4 -
WASHINGTON — The House yesterday cleared legislation that would increase the debt limit by $1.9 billion to $14.3 trillion.
February 4
