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WASHINGTON — The Municipal Securities Rulemaking Board today will begin soliciting a broad range of nominees to serve on its board amid signs that Congress is likely to soon require the self-regulator to alter its composition so that a majority of its 15 members are “public” officials.
January 26
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The National Association of Bond Lawyers yesterday released a long-awaited advisory on the federal securities law issues that arise when stripping tax credits from underlying taxable municipal bonds.
January 26 - Hawaii
SAN FRANCISCO — Hawaii Gov. Linda Lingle, in her final state of the state address Monday, called for a beefed-up rainy-day fund and a bond program to help property owners finance clean-energy systems and energy-efficiency upgrades.
January 26 -
MINNEAPOLIS — The highway trust fund will face another funding crisis by August, House Transportation and Infrastructure Committee chairman James Oberstar warned at a town hall here yesterday.
January 25 - Washington
Dan Gallagher, deputy director of the Securities and Exchange Commission’s trading and markets division, plans to leave at the end of the week to become a partner at WilmerHale here.
January 25 - Washington
WASHINGTON — North Carolina securities regulators plan this week to begin work on a centralized auction-rate securities research center that will collect progress reports on how Wall Street and other dealer firms are fulfilling the “best effort” commitments they made to provide liquidity to institutional investors still holding illiquid ARS.
January 25 -
SAN ANTONIO — Legislation recently introduced in Congress suggests that traditional tax-credit bonds may be replaced by bonds offering Build America Bond-style direct subsidies to issuers, an Internal Revenue Service attorney said last week.
January 25 -
SAN FRANCISCO — The California Supreme Court Monday tossed out felony charges against five of the six San Diego officials charged with violating state conflict-of-interest laws in connection with decisions they made that led to underfunding of the city employee pension fund.
January 25 - California
SAN FRANCISCO — A California Senate committee has approved a bill designed to clear up legal concerns that have prevented the issuance of more than $770 million of qualified school construction bonds.
January 22 - California
SAN FRANCISCO — Get cracking on the budget. Or California faces another ugly cash crisis.
January 22
