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Legislation would overhaul Dallas Area Rapid Transit's financial structure in a way that could impact outstanding debt and derail bonds for Austin light rail.
The bondholders say the failure to pay them net revenues since the 2017 bankruptcy start gives rise to their administrative expense claim.
Focus was on the primary market last week, with Birch Creek reporting that one dealer estimated that 90% of the focus earlier in the week was on new issues.
The SEC told the court it is leaving for later to settle financial terms with Jeffrey DeLaveaga.
Amid deep cuts to public K-12 schools, the proposed budget would boost charter school investment as the administration said "more local school options are needed."