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The new direct-pay bonds would be an improvement from the Build America Bonds because they would be exempt from the sequestration cuts.

Thirteen states and territories already have received federal authorization to borrow $17 billion to pay unemployment insurance claims.

The mayor of Tupelo, Mississippi said he has not seen federal funds reach his city of 38,000 yet.

Conditions under a recently announced temporary exemption are narrow, SEC staff said, despite push back from dealers.

Restoration of tax-exempt advance refunding might be inserted into the Senate's coronavirus relief package.

Analysts had mixed reactions on what could have caused the decline, pointing to some municipalities closing out their fiscal years at the end of June.

The online NGA meeting is the latest in a string of conferences that have been moved to the web this year because of the COVID-19 pandemic.

Jay Clayton's recent testimony to federal lawmakers was "troubling," the dealer group said in a letter to the SEC chairman.

Sen. Chuck Grassley, R-Iowa., said the future needs of issuers are uncertain.

The House is expected to pass a $1.5 trillion dollar infrastructure package, mostly along party lines, while a bipartisan Senate bill to restore advance refunding may build momentum in that chamber.

Fed Chair Jerome Powell told House Financial Services Committee Chairwoman Maxine Waters that the Fed was looking at ways to adjust the Municipal Liquidity Facility to make some additional issuers eligible.

The bipartisan Modernizing Agricultural and Manufacturing Bonds Act would expand the small issue manufacturing bonds and first-time farmer bonds programs.

BNY Mellon Capital Markets failed to submit accurate minimum denomination and maximum interest rate information 54,270 times, FINRA found.

The changes could affect up to 20% of the 3,000 districts that Moody’s rates by one notch.

Vaudt knew he wanted a career in accounting when he took a bookkeeping course as a high school student in Iowa.

Days before the SEC's regulation best interest goes into place, the SEC approved corresponding changes to muni securities rules.

Rep. French Hill, R-Ark., said the SEC's temporary relief for MAs to facilitate some private placement deals without registering as a broker-dealer should not have been created through exemptive relief.

At least nine states have enacted across-the-board budget cuts in response to the sudden revenue shortfalls caused by the economic shutdown resulting from stay-at-home orders.

Protecting the tax-exempt status of municipal bonds and reviving Build America Bonds are priorities for the New Partnership on Infrastructure.

State auditors will continue to be represented on the Governmental Accounting Standards Board after Chairman David Vaudt ends his term June 30 although not as the chairman.