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Puerto Rico board to investigate liquidity
Investors concerned over the level of impairment to their Puerto Rico bonds may get some clarity on the commonwealth's cash balance at an Oversight Board hearing.
PREPA, PRASA can apply directly for federal Community Disaster Loans
Puerto Rico's 78 local governments are eligible to apply for a streamlined Community Disaster Loan for up to 25% of their annual operating budget.
Nobel winner would slash Puerto Rico debt
A group of economists including Joseph Stiglitz would cut the face value of Puerto Rico bonds by 80% or more.
Puerto Rico fiscal plan’s delay raises concerns for bondholders and local officials
Moody's said the delay may signal the damage to the island's economic prospects is worse than officials thought, suggesting the return for bondholders will be even lower.
See all Caribbean regional news
University oversight: solution to troubles of an Indiana school district?
A bill was filed to put Ball State University in charge of the Muncie school district.
Tender exchange extension is bid to ease pressure on Iowa Fertilizer
Bondholders now have until Jan. 26 to agree to the tender exchange on up to $435 million in bonds.
Private activity bonds
Sales tax securitization delay gives Chicago time to fiddle with structure
Chicago plans to jump into the market with next securitization when its "tone" improves.
Primary bond market
Biology program among beneficiaries as University of Michigan plans $150 million bond sale
The university carries triple-A bond ratings.
See All Midwest Regional News
Better battery tech would test public utilities
Increased use of battery storage may further disrupt a public power industry already in transition, experts told municipal bond professionals.
How disasters triggered a new emphasis on resiliency
A wave of U.S. catastrophes has northeast municipal issuers scrutinizing resiliency options and how to fund them.
Why did Connecticut pick Kroll over Moody's on special-tax deal?
A state official cited the need to have special tax obligation bonds rated "on the bonds' own merits," distinct from the state's GOs.
How a last-minute Christie veto targeted Atlantic City redevelopment
Gov. Chris Christie pocket-vetoed a bill to offer tax incentives for businesses near Atlantic City's airport.
See All Northeast Regional News
A note of caution amid S&P plaudits for California’s budget reserves
Gov. Jerry Brown’s budget proposal is favorable from a credit perspective, S&P Global Ratings said.
California bullet train agency, reporting cost overruns, names new director
California's transportation secretary, Brian Kelly, will assume the helm at California High-Speed Rail Authority.
Survey on Walla Walla school bonds online
Walla Walla Public Schools' Community Task Force has again launched an online survey to gather public opinion of the two school bond options.
Jones Hall reinforces schools practice with partner promotions
New partners Katie Dobson and Julie Wunderlich have both developed an expertise in school financing.
See All Far West Regional News
Pension pressures cited in Kentucky plan to cut 70 state programs
Calling his two-year budget "difficult but honest," Gov. Matt Bevin cut most state agency budgets by 6.25% and borrowed to fund reserves.
Will bond be enough for Cypress Bay High expansion?
Cost estimates have doubled, raising questions whether Broward County School District's $800 million bond referendum will cover promised projects.
Dual course charted for new Florida tax and fee voting requirements
Gov. Rick Scott has doubled the chances that voters will decide if a supermajority vote will be required for the Legislature to raise new revenue.
Will Estess joins Wilmington Trust in Birmingham
As a client development officer, Will Estess will sell trust services to municipalities and corporations in the Southeast.
See All Southeast Regional News
Texas bond pioneer Dan Black retires from Fitch
Former S&P Global Ratings analyst Richard Packard will succeed Black in Fitch's Austin office.
Baird adds Texas education expertise with new hires
Two former Texas school finance administrators, Oscar Cardenas and Steve Murray, joined Baird's public finance team.
Wish lists getting whittled as Austin task force sketches bond plan
In a small room at Little Walnut Creek Branch Library in North Austin, about a dozen community members sat face-to-face with the group of Austin residents tasked with an influential role in how hundreds of millions of tax dollars might be spent.
Advance refunding ban a factor as Texas projects reduced issuance
State agencies and universities are expected to generate 26% less bond volume this fiscal year, according to the Texas Bond Review Board.
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