News and Information from Bond Buyer

The Government Finance Officers Association supports regulating those professionals who provide "advice" to state and local governments and believes that the Dodd Frank Act and the Municipal Advisor rule will help to ensure that those who provide advice have a fiduciary duty to their government clients.

Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower, as the three-months incurred a 0.070% high rate, down from 0.075% the prior week, and the six-months incurred a 0.095% high rate, off from 0.100% the week before.

The Treasury Department said Tuesday it will sell $40 billion of four-week discount bills Tuesday.

Municipal bond traders are preparing for what is likely to be the biggest slate of new issue volume before the year is done.

The Federal Transit Administration said it would give Cincinnati until Dec. 19 to reverse a recent decision to halt a controversial streetcar project or it would pull federal funding.

Puerto Rico’s economic activity index posted the 11th-straight year-over-year drop in October, according to the commonwealth’s Government Development Bank.

The federal judge overseeing Detroit's bankruptcy approved a plan for the city to issue $60 million of bonds to finance repairs to its public lighting system.

ALABAMA

Monday, December 9 Issuer St Description Amount

Monday, December 9 Issuer St Description Amount

Week Of December 9 Issuer St Description Amount

Week Of December 9 Issuer St Description Amount

INDIANA

Underwriters should price an estimated $11.33 billion of long-term supply in what is likely the last significant calendar of 2013.

The Rockland County Legislature voted 11-6 to adopt a budget with a more than 10% operating deficit on Thursday night.

Robust employment numbers, modest activity and a sluggish tone all combined to yield a mixed picture of the municipal market Friday.

Government

The 20 states that have rejected Medicaid expansion will cost their taxpayers billions of dollars, according to a study by the Commonwealth Fund.

Foothill/Eastern Transportation Corridor Agency, Calif. is drawing a lot of interest from investors on $2.2 billion in toll revenue bonds it plans to price Dec. 12 to restructure its outstanding debt.

Standard & Poor's lowered Hillview, Ky.'s GO bond ratings to A-minus from A partly because the city of 7,700 residents is appealing an $11.4 million jury award.