News and Information from Bond Buyer

The hires come as Congress is expected to pass a massive infrastructure bill that includes P3 provisions.

Two issuers, the San Diego County Regional Airport Authority and the Village of Franklin Park, Illinois, have disclosed in the past week that they’re under audit by the Internal Revenue Service.

Friday’s data suggested inflation remains a problem, as the voices calling for Federal Reserve action increase.

Payments under the opioid settlement are too short-lived to securitize and local government participation remains unclear.

Tax-exempt bonds are a very different area of the law.

The Internal Revenue Service’s Tax Exempt Bond program will not be significantly overhauled as part of the agency’s restructuring and modernization efforts, officials say, but there are a few changes to forms and procedures that bear paying attention to.

The position has been held by Rebecca Olsen since 2018.

The two active municipal bond insurers wrapped $29.02 billion in the first three quarters of 2021, a 13.8% increase from the $25.49 billion of deals done in the first nine months of 2020.

Lawmakers say they will support legislation backing the Plan of Adjustment, which has been a major hurdle for completion of the debt restructuring plan.

New York’s Hudson Yards development on Manhattan’s West Side was able to cover its debt service obligations despite the effects of the COVID-19 pandemic.

Municipals have mostly held steady as bid-wanteds have risen, but so have yields and ratios, making for a more satisfactory range for investors getting into the market at these new higher levels.

Judge Swain keeps the process on schedule to start the Confirmation Hearing on Nov. 8.

The board also offers to approve other spending in exchange for local government approval of new bonds and other measures for the Plan of Adjustment.

Chicago Mayor Lori Lightfoot's finance team laid out plans to tap more than half of $9 billion of existing and proposed borrowing authority through 2022 to refinance debt for savings and fund infrastructure and pandemic recovery efforts.

A recent panel discussion shed some light on how issuers and borrowers should be disclosing climate related information.

The Los Angeles Department of Water and Power will share some State Water Project supplies with smaller water agencies in Southern California.

Peter Delahunt, who spent 26 years with Raymond James, has been hired by StoneX to help build out its muni business.

The free, on-demand online program was created through the California Debt and Investment Advisory Commission.

With interest rates on the rise, and mom and pop retail expected to become more relevant, there may be an opportunity for issuers to save money in a part of the curve that has been ignored for too long.

New York's governor leaned on the Port Authority to pause the LaGuardia project amid wider debate about regional infrastructure.