Washington DC

Six of the eight audits — including the Building Authority audit disclosed Monday — involve IRS Form 8038-CP.

The Municipal Securities Rulemaking Board doubled professional fees for municipal advisors last week.

GASB is taking action because changing the reference rate on the hedge is ordinarily considered a termination event.

The proposed change would create a hurricane reconstruction coordinator. an audit of the island’s debt, and federal funding for the Oversight Board.

Despite his pessimism about legislation, Mayor Steve Benjamin was upbeat about the effort by himself and other advocates of the municipal bond industry to get out their message.

Internal Revenue Service enforcement officials told NABL workshop attendees the service is hiring five new revenue agents, up from the current 20, and two additional tax law specialists.

“The City of Harvey, through no fault of Comer’s and unrelated to Comer’s fiduciary obligations, tainted the district’s offering,” according to the defense.

Rich Moore takes over the top spot at NABL during the first day of a three-day annual conference in Chicago.

This is the second letter BDA has sent to the SEC in the last couple of months opposing any kind of relief for muni advisors involved in private placements.

Unless Congress acts, there will be $1 billion in automatic cuts to transit grants and $7.6 billion in highway aid reductions.

The U.S. Department of Housing and Urban Development said Thursday it is expanding the Rental Assistance Demonstration program to Section 202 PRAC units that house senior citizens.

State and local governments are providing more transit funding than they have before, offsetting some of the ridership woes.

The Council of Development Finance Agencies recommends that conduit issuers cover their costs by imposing fees.

Some say a case announced yesterday echoed one last year where traders allegedly lied to get priority in their orders for newly-issued bonds.

Thomas Muldoon should properly have placed his orders as dealer stock orders, the SEC found, but instead asked representatives to submit them as retail orders.

“A highly sophisticated frequent issuer may not need the same disclosures as a less sophisticated infrequent issuer,” the trade association for underwriters told the SEC.

Thirty seven states and the District of Columbia now have laws requiring remote sales tax collection, according to the National Conference of State Legislatures.

Two courts have interpreted a legal question key to the VRDO lawsuits very differently.

Funds were restricted to states with populations of less than 100 people per square-mile.

The National Federation of Municipal Analysts's latest paper is part of the group's push to encourage "more robust" secondary market disclosure.