Louisiana

Louisiana State Bond Commission and Department of Justice attorneys entered into a settlement of the government's housing discrimination lawsuit even though the commission's chairman claims it was not authorized by the full SBC..

Financial advisor Calvin Grigsby of Grigsby & Associates filed a federal lawsuit against the Shreveport, La., City Council after the city sued his firm accusing him of overbilling financial advisory fees.

Louisiana issuers should take advantage of the SEC's initiative to self-report continuing disclosure lapses, the State Bond Commission urged Thursday.

A federal judge agreed to reopen a Department of Justice housing discrimination suit against the Louisiana State Bond Commission.

Louisiana Treasurer John Kennedy claims the state repaid a loan from future collections, and that kind of budgeting is similar to “kiting” checks” if it becomes a practice.

For the first time in many years, the Sewerage and Water Board of New Orleans returned to the bond market to issue $262.5 million of combined refunding and revenue bonds.

The Louisiana Bond Commission gave final approval to defeasing $210 million of general obligation bonds to provide the state with cash flow relief in fiscal 2015.

The Louisiana State Bond Commission plans to hire disclosure counsel to assist in determining if the state complied with continuing disclosure requirements as it weighs the SEC's MCDC initiative.

The Louisiana State Bond Commission has issued a request for proposals for a financial advisor. Proposals are due from interested firms July 10.

Louisiana Gov. Bobby Jindal has signed a bill requiring bond issuers to abide by continuing disclosure agreements, and requiring auditors to check for compliance.

The Louisiana Legislature passed a bill unanimously that would require all issuers to fulfill disclosure requirements, and have auditors check for compliance.

New Orleans, La., saw a 9.6% increase in sales tax revenues in 2013 thanks largely to growth in population and tourism, and efforts to attract new business

The Louisiana State Bond Commission wants to meet with the Department of Justice in hopes of resolving a housing discrimination lawsuit.

A federal judge in Louisiana rescheduled a housing discrimination lawsuit hearing involving the State Bond Commission at the request of State Treasurer John Kennedy.

Fiscal problems, unfunded pensions, and bond covenant violations plague the small city of Bogalusa, La., according to a state audit review and site visit.

Louisiana will use non-recurring revenue to defease $210 million of bonds to help close a deficit in the 2015 budget even though it will create a shortfall in 2016.

The Department of Justice will revive its federal housing discrimination lawsuit against the Louisiana State Bond Commission after commissioners rejected a settlement.

The Louisiana State Bond Commission rejected a settlement with the Justice Department March 20 that would have resolved a federal housing discrimination suit.

Standard & Poor's affirmed Louisiana's AA rating and stable outlook but warned that the state should find structural solutions to its budget challenges.

Southeast bond issuance last year dropped 11% to $56.7 billion as rising interest rates took refundings out of the running and new-money volume was nearly flat.