Southwest

The Oklahoma Supreme Court will determine if bonds to initially fund a turnpike extension project are valid under state law.

After an error in property valuation led to a $10.3 million revenue shortfall, Pearland, Texas, officials approved plans to restructure debt and help balance its fiscal 2023 budget.

The hospitals are facing higher costs amid dwindling pandemic-related federal aid, although urban facilities are faring better than those in rural areas.

Stratton Law Firm is working on a couple of high-profile municipal bond deals in Tempe and Mesa.

Texas trails only Florida for first-time payment defaults on bonds issued for senior health and living facilities for seniors since 2009, according to MMA data.

Projected available capacity for the Permanent School Fund's bond guarantee program fell to $653 million at the end of October from $3.52 billion the previous month.

The ruling marks the first major defeat for OTA in lawsuits seeking to derail its plan for a $5 billion, bond-financed extension project.

Total November volume stood at $19.712 billion, the lightest of any month year-to-date, in 527 versus $37.073 billion in 1,055 issues a year earlier, according to Refinitiv data.

The team has pledged to launch a petition drive to place the project on the May 16 city ballot.

The developer is seeking as much as $230 million of bonds issued by a community facilities district to pay for cleaning up a landfill and improving infrastructure for the $2.1 billion multi-use project.