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Texas gave S&P until Oct. 13 to produce documents detailing its development and use of ESG factors in public finance ratings.

Houston has built up a $344.8 million general fund balance and reduced its unfunded pension liability to about $1.5 billion ahead of a possible economic slump.

Swain said the bondholders lien on revenues and the recourse nature of the bonds needs to be determined. The judge would likely order a plan confirmation hearing take place by June 2023. 

A larger new-issue slate led by large deals from the Texas Water Development Board and state of Illinois took focus away from the secondary.

"The lack of progress thus far has me thinking much more now that we have to get to a moderately restrictive stance," he told reporters Wednesday.

Meredith Hathorn's almost forty years in public finance situate her well to steward the board through the coming fiscal year.

Edward Bedore, who managed city finances under by Mayor Richard J. and Richard M. Daley, died this month at 84. Bedore is also remembered for promoting the Summer Business Institute.

The electric vehicle charging program allocates the biggest chunk of federal funds to Texas, at $407 million. California is next in line, with $383 million. No other state receives more than $200 million.

The public power industry continues to deal with a host of issues from extreme weather events to environmental concerns and rising inflation.

The temporary government funding bill includes money for expected recovery needs from Hurricane Ian's landfall in Florida this week.