News and Information from Bond Buyer

Vicky Tsilas will rejoin the Internal Revenue Service next month as its branch chief, the Washington-based attorney told The Bond Buyer Tuesday.

West Virginia will lose $85 million of revenues per year if tolls are removed from state’s turnpike in 2019.

U.S. House of Representatives staff person Bill Cooper denied reports he has been made the executive director of the Puerto Rico Oversight Board.

One rate hike is predicted this year by the summary of Economic Projections, released by the Fed Wednesday, and the fed funds rate target is seen at just over 1.00% at the end of next year.

The Federal Open Market Committee left the federal funds rate target at 0.25% to 0.50%, according to a statement released by the Fed Wednesday.

The Puerto Rico Aqueduct and Sewer Authority, seeking to fund safe drinking water projects amid the debt crisis, is trying to regain control of $188 million that’s frozen at the island’s Government Development Bank.

The Internal Revenue Service’s proposed definition of a political subdivision could jeopardize the tax-exempt bonds of many public entities in Minnesota, the state’s congressional delegation recently told the agency and the Treasury Department.

The settlement by former baseball pitcher Curt Schilling and other 38 Studios executives with Rhode Island could push lone defendant First Southwest to the table.

Top-shelf municipal bonds were weaker at mid-session, traders said, as the market moved into a quiet, defensive mode ahead the Federal Open Market Committee's announcement on interest rates this afternoon.

With passenger levels continuing to exceed expectations, the Greater Orlando Aviation Authority plans to issue $189.4 million of airport revenue bonds for its capital improvement and expansion plans at Orlando International Airport.

Municipal market participants at The Bond Buyer's California Public Finance Conference shared concrete examples of how disclosure is improving in the wake of the Securities and Exchange Commission's continuing disclosure voluntary enforcement initiative.

OFG Bancorp in San Juan, Puerto Rico, has sold its bank's participation in a line of credit to the Puerto Rico Electric Power Authority, or PREPA.

Municipal bond traders can expected a mostly quiet day ahead the Federal Open Market Committee's announcement on interest rates this afternoon.

Millennials in public finance see a lot of value in mentorship from their older colleagues and are hopeful about the future of the industry despite a generational divide that can occasionally put them at odds with industry veterans when it comes to technology and building business relationships.

Meet The Bond Buyer's inaugural class of Rising Stars from a year ago.

Title: Vice President, Senior Analyst

Firm: Moody's Investors Service

Age: 33

Title: Executive Director

Firm: Office of Financial Management, Commonwealth of Kentucky

Age: 38

Title: Vice President, Public Finance Investment Banking Group

Firm: Wells Fargo Securities

Age: 33

Title: Member

Firm: Waters, McPherson, McNeill, P.C.

Age: 38

Title: Senior Manager, Debt Administration

Firm: Chicago Transit Authority

Age: 29