Missouri

The Alta Group's Bob Neptune will receive the 2014 Jay Terry Lifetime Achievement Award from the Association for Governmental Leasing & Finance at its national conference next month.

Investors holding $113 million of bonds issued for the privately owned and operated Branson Airport in Missouri have agreed to a amended forbearance agreement that gives the struggling Ozarks air field more time to pick up operations.

Moberly, Missouri has adopted new debt management policies as it seeks to repair its junk bond credit bruised over a failure to make good on bonds sold for a troubled artificial sweetener construction project.

A federal judge granted class action status to an investor lawsuit accusing the former Morgan Keegan & Co. Inc. of securities fraud for its role in underwriting $39 million of defaulted bonds issued for a failed artificial sweetener plan in Moberly, Missouri.

Fitch Ratings lowered Southeast Missouri Hospital Association’s ratings two levels to BBB-minus over its operating losses.

A Missouri state audit found the Grandview School District in Missouri misused some proceeds from some of its $22 million worth of borrowing in recent years.

Bruce Cole, the head of Mamtek US, the firm that triggered a $39 million municipal bond default on debt sold for a Missouri sucralose plant, will go to prison as part of a plea deal.

Missouri Gov. Jay Nixon wants an economic injury disaster declaration for Ferguson to secure low-interest loans from the U.S. Small Business Administration to aid businesses hurt by the large protests that followed a fatal police shooting of an unarmed teen.

A federal judge upheld a bankruptcy court judgment against Bruce Cole, former head of Mamtek US Inc., finding he fraudulently obtained bond funds to finance a sucralose production plant in Moberly, Missouri.

A group of ratepayers from a Chicago suburb are suing five advisors and consultants, accusing them of misrepresenting the value of participation in the bond-financed Prairie State Energy Campus to the city of Batavia.

Ratepayers from a Chicago suburb will file a lawsuit as soon as Tuesday seeking compensation for steep energy rate hikes they've paid due to cost overruns at the bond-financed Prairie State Energy Campus coal-fired power plant.

A group of bondholders trying to recoup their investment in a failed Moberly, Mo. artificial sweetener plant has added as a defendant Raymond James Financial Inc. — which acquired the bond deal's underwriter and lawsuit's original target.

Borrowing by Midwest issuers slid 13.2% for the first half of 2014 but new-money issuance fueled by Chicago and Illinois deals helped boost new-money by 16.8%.

Missouri transportation officials blamed a lack of consensus on how to pay for the state's transportation needs for the failed ballot measure that sought a sales tax hike to generate more than $5 billion in new revenue.

The struggling Lakeside 370 Levee District in St. Charles County, Missouri has filed Chapter 9 bankruptcy as it seeks to restructure $34 million of unrated bonds in hopes of improving the project's prospects.

Rating agencies affirmed Missouri's triple-A but warned they are watching the impact of income tax cuts and a ballot measure that could hurt the governor's power to cut budgeted spending when revenues falter.

Missouri Gov. Jay Nixon slashed $800 million in spending in the fiscal 2015 budget warning the cuts were needed to keep the budget balanced due to the threat that lawmakers might restore a series of vetoed tax breaks.

Missouri Gov. Jay Nixon vetoed legislation establishing tax breaks and exemptions, warning that state and local governments couldn't afford the measures.

Missouri is readying a roughly $90 million appropriation-backed refunding for sale next month with plans in the works to return next year with a rare new money issue for $200 million to fund a new mental health facility.

Missouri Gov. Jay Nixon announced his opposition to a ballot measure asking voters to approve a three-fourth cent sale tax hike to fund transportation projects.