News and Information from Bond Buyer

Some Texas lawmakers are pushing legislation that could ensnare muni investment banks offering company funded access to out-of-state abortions for employees.

Sunita Lough won admiration from the public finance legal community.

Outflows from municipal bond mutual funds increased as investors pulled $3.416 billion out of funds in the latest week, versus the $1.180 billion of outflows the prior week, according to Refinitiv Lipper data.

Baker Tilly will fold specialty consulting firm Management Partners into its public sector practice next month.

The team now wants the option to continue discussions through September.

On Tuesday, the Municipal Securities Rulemaking Board filed a proposal with the SEC to changing Rule G-3, which governs continuing education requirements.

The MBTA's capital program, which relies on nearly $600 million in annual borrowing, has doubled since 2018.

Judge gives Puerto Rico Oversight Board until next week to submit a plan of adjustment.

The 30-member syndicate plans to begin retail order pricing Wednesday with institutional sales planned for Sept. 8 on the new money and refunding GOs.

The Investment Company Institute reported $755 million of outflows from muni bond mutual funds in the week ending August 24 compared to $320 million of inflows the previous week.

Chicago's O'Hare $1.77 billion offering took center stage this week with the city offering a diverse structure to lure buyers.

Mississippi's largest city is without running water. It has $191 million in outstanding water and sewerage revenue bonds, according to Moody's.

Many market players have revised their supply projections downward since rising interest rates have slowed down refunding and taxable volumes and general market volatility has stopped some issuers from participating.

Modeled after New York City's Hudson Yards, the plans call for a high-density urban district with a transit terminal and at least 35% affordable housing.

A three-judge panel reversed a district court's ruling in favor of the city's Firefighters' Relief and Retirement Fund that the law was unconstitutional.

The veteran-owned and operated firm complements its continued growth with experienced public finance professional to oversee Southeast banking.

After underperforming USTs last week, "munis have given up their earlier performance advantage for August with both asset classes currently earning virtually the same negative returns," said Jeff Lipton, managing director of credit research at Oppenheimer Inc.

COVID-19 worsened the fiscal picture for the senior care, insurance, and hospital operator, but it faced rating pressure before the pandemic.

Los Angeles' debt manager says the mandate will not change the already inclusive processes it uses to hire financial teams to work on the city's debt.

Although he called them "excessive and arbitrary," Gov. Pedro Pierluisi agreed to create a reserve fund, reduce the maximum conservation easement tax credit, and freeze implementation of a physician tax incentive.