Oklahoma

A project to build a new arena for the NBA's Oklahoma City Thunder will move forward after voters approved the extension of a sales tax.

Finance officials from Ohio, Illinois, Pennsylvania, Oklahoma and Palm Beach County have joined Israel Bonds' new Government, Industry and Financial Services Leadership group.

Court-approved asset sales and bond exchanges are pushing a participant sports venue, a hospital, and a senior living community closer to exiting Chapter 11.

Litigation brought by a state public pension recipient challenges the constitutionality of a 2022 law prohibiting governmental contracts with companies the Oklahoma treasurer determines are "boycotting" energy businesses.

The top five bond financings have an average dollar volume of more than $1 billion.

A subpoena sent to the Oklahoma Corporation Commission this week seeks communications related to 2021's Winter Storm Uri and nearly $3 billion of utility securitizations that priced in 2022.

Attorney General Ken Paxton put several big banks under a review last month, raising concerns more municipal bond underwriters could be driven out of the state.

The Grand River Dam Authority, the state's largest public power utility, is expected to start issuing the debt later this year.

A $25.5 million cash offer plus some equity was made to acquire Legacy Park, which was financed with $284 million of now-defaulted revenue bonds.

The state's strong reserves contributed to brighter rating outlooks from Moody's Investors Service and, earlier this year, S&P Global Ratings.