News and Information from Bond Buyer

Moves to reschedule marijuana down to a Schedule III drug would lower taxes local cannabis businesses pay.

Former Mayor Harry Sidhu pleaded guilty to federal corruption charges this month, as the city continues to recover from the year-plus closure of Disneyland.

Despite this, August saw the largest monthly volume of 2023, helped by several billion-dollar deals and multiple Texas school district deals.

While Idalia caused major damage to some municipalities, it had less of an impact than feared since it hit less densely populated areas than Hurricane Ian did last year.

"We've seen more buyer attention at this time of the year versus what we generally would experience as we approach the beginning of September," said Morgan Stanley's Matthew Gastall.

GAO report unveils power failures at airports.

Judge is considering hearings in March, as requested by the bondholders.

The state's Council of Bond Oversight will once again consider $500 million of bonds for a controversial $5 billion Oklahoma Turnpike Authority expansion.

The firm Kestrel verified the green bond component of the deal, which priced Aug. 16.

The White House should remove barriers to help usher in a "golden age of technology" in the water sector, said the President's National Infrastructure Advisory Council.

He had an extensive career in public finance which largely consisted of structuring municipal bond financings that funded the expansion of airports, healthcare centers and other institutions.

Moody's credited generally sound fiscal practices, good governance and federal aid with the likelihood that Maui County and the state would retain their current credit ratings.

The award will be presented to Chu during Women in Public Finance's national conference in Washington, D.C. in September.

Syncora Guarantee and GoldenTree Asset Management filed notice of appeal again seeking a receiver in the bankruptcy.

Over the last month or so there's been some volatility in the muni market driven by the Treasury side, said Daryl Clements, municipal portfolio manager at AllianceBernstein.

The upgrades mark the second in a year for the tollway authority's ratings, which were raised last August by S&P Global Ratings.

Fitch analysts mentioned the tardy ACFR in the ESG section of its most recent rating report on California general obligation bonds.

Andy DeVries of CreditSights is fairly optimistic about the eventual outcome for bondholders, though its tax-exempt paper has been trading at a discount.

The settlement, which hinged on a successful exchange of old bonds for fresh debt, resolves long-running investor litigation.

Mohamed Balla, Atlanta's CFO, talks about housing bonds and his participation in the recent National Association of Security Professionals' annual conference. Thomas Nocera hosts. (22 minutes)