State of Texas

A new study found that following the recent law in Texas law barring muni underwiriting by banks discriminating against the oil and gas industry, municipalities face higher borrowing costs after many players exited the market.

The lack of a TRANs deal will put off a test of how competitive bidding for the debt may be impacted by the state’s pro-firearm and fossil fuel policies that have sidelined a few big underwriting firms.

High energy prices and low unemployment have aided Oklahoma’s economy.

The CFO will be joining Dallas Area Rapid Transit starting July 18.

The laws raise borrowing costs for issuers and limit the distribution networks, according to a study.

The departure comes amid Spanish reports that financing for what aims to be the nation's first bullet train is "in hibernation."

San Antonio and Fort Worth voters approved bonds, while a few school districts stumbled, particularly with projects unrelated to academics.

The high court validated about $800 million of ratepayer-backed bonds to finance the recovery of fuel costs incurred by Oklahoma Gas and Electric Company (OG&E) during the February 2021 storm. 

A taxable bond issue will raise $3.4 billion for extraordinary costs incurred by natural gas utilities during deadly Winter Storm Uri that hit Texas in 2021.

Even deals that go bankrupt can be seen as successes in the U.S. P3 market, which may face an "inflection point" with the new infrastructure law.

Goldman Sachs has joined three other top bond underwriters that haven't done Texas deals under a state law targeting firms with perceived anti-gun policies.

Governor expected to call for more crackdowns on voting, teaching of race theory in public schools.

Texas entered a new state of uncertainty when Gov. Greg Abbott cut off funds for the legislature while launching an online fundraising scheme for a controversial border wall.

Texas is enjoying record revenues amid continuing uncertainty stemming from the pandemic, Glenn Hegar told The Bond Buyer Texas Public Finance Conference.

Texas lawmakers are facing a special session after a battle over elections, firearms and finance.

In the waning days of the Texas Legislature, lawmakers tweaked plans to help utilities absorb billions of charges stemming from February's winter storm.

Texas governments and advisors are waiting to see if the potential exclusion of the state's largest municipal bond underwriters will affect issuance costs.

The legislation would bar firms that receive government contracts from discriminating against firearms companies. Smaller banks have quietly dropped their opposition in hopes of gaining more municipal bond business.

With federal aid rolling out, the municipal credit picture is improving and issuers are coming to market at a faster clip. An infrastructure package could push issuance levels even higher.

The decline in the first quarter shows the continuing impact of pandemic, exacerbated by the February winter storm that cut power to much of Texas.