Washington DC

County leaders say added flexibility in CARES Act spending in the Senate GOP bill is limited.

Hilltop was fined a total of $475,000, with $100,000 pertaining to violations of municipal securities rules.

It is unlikely that transit agencies will get the full amount, but the Senate's new bill implies possible discussion for more transit funding.

The National Conference of State Legislatures said the proposal “ignores the economic realities in the states."

The two series are $355,730,000 Power Revenue Bonds, Series EEE, and $320,175,000 Power Revenue Bonds, Series YY.

This revision represents an update of Statement 34 issued in June 1999.

The bond lawyer group's No. 1 suggestion is to loosen the rules governing state and local government borrowing for working capital.

The Puerto Rico oversight board warned that without restructuring, PREPA faces about $4.5 billion of legacy debt service obligations in the next five years.

A Republican-led Senate and White House proposal that was circulating among lobbyists earlier this week indicated the major benefit for local governments would be new language providing greater flexibility for Coronavirus Relief Fund grants.

Even with more federal rescue aid, which is hardly a given, the Metropolitan Transportation Authority may have to resort to deficit borrowing.

The National League of Cities is focused on college towns as part of its effort to persuade the Senate to provide $500 billion to local governments.

In a virtual meeting, the board will set its budget, but won't select an incoming class of board members, because of a proposed size change.

The responses to requests for quotes in the secondary market increased almost doubled in 2018 compared to 2015.

This is the latest case to involve 'flipping' — improperly allocating bonds meant for retail customers and instead selling them to other market participants — following multiple related actions made by the SEC over the years.

The study provides the first rigorous quantitative evidence supporting the widely held belief that the municipal bond industry benefits from the classification.

Ports went into the pandemic with strong revenue models, though they say they need help to ensure they make good on their debts.

Both the American Hospital Association and the American Council on Education had urged the Fed to offer nonprofits a lower borrowing rate.

The shroud of uncertainty surrounding further COVID-19 federal rescue aid has many public transit agencies and advocates antsy.

Several groups are arguing their case to keep their seats on a smaller board.

New York Federal Reserve President John Williams said the transition away from Libor “continues to be of paramount importance.”