State of Louisiana

The State Bond Commission barred the banks from upcoming Garvee bond deals, and said its action may apply to other state bond issues.

The comprehensive new law modernizes bond statutes on the books since the 1980s.

Moody's Investors Service affirmed the state’s ratings and revised its outlook to stable from negative.

In a third special session this year, the Republican-led Legislature is considering new funding to prop up the budget signed by Democratic Gov. John Bel Edwards.

John Bel Edwards also called a new special session in hopes of solving an impasse on priority spending.

Gov. John Bel Edwards objected to a spending plan that would impose cuts of more than 24% on most state agencies.

Gov. John Bel Edwards has called lawmakers to the capitol on May 22 to deal with the budget deficit.

Louisiana plans to ask firms if their policies “infringe on the constitutionally protected rights” of citizens to lawfully keep and bear arms.

With lawmakers failing to address a $1 billion budget deficit, S&P said “uncertainty about fiscal 2019 now looms over Louisiana.”

After failing to approve new revenue in a special session, lawmakers now must pass a fiscal 2019 budget without enough revenue to fund state priorities.