Southwest

A new law creates a commission to recommend changes to address rising property tax bills and ensure the system is sustainable for local governments and school districts.

The project was to have been the first small modular reactor technology in the U.S.

Owners of $284 million of defaulted bonds will get only $2.4 million in cash, along with a minority equity stake in Legacy Park's new owner.

Proceeds from the social bond issue will go to support high-performing public charter schools across the United States and promote educational equity.

Litigation brought by a state public pension recipient challenges the constitutionality of a 2022 law prohibiting governmental contracts with companies the Oklahoma treasurer determines are "boycotting" energy businesses.

Municipal bond underwriters for Texas deals now have until Dec. 16 to comply with changes to the agreements and to their standing letters of compliance with two state laws banning contracts with companies that "boycott" or "discriminate" against the fossil fuel or firearm industries.

Recommendations from an actuary on the city's police and fire pensions come amid a rising unfunded liability and uncertainty over the use of pension bonds.

The amount of unspent funding for state and local capital projects is at a historically high $5 billion as projects struggle with rising construction costs.

The issuer said it pans to discuss the matter with the IRS.

The top five bond financings have an average dollar volume of more than $1 billion.