Special Program Root Tag

The Michigan Strategic Fund board approved a plan to issue $150 million in private activity bonds for developer Bedrock's Detroit development projects.

"Regulatory change in this area is needed without further delay," SIFMA said in a letter.

Muni advocates are actively working on championing a bill that would address a wish list of provisions designed to boost bond sales.

PFM sees the expansion as a way to strengthen its position.

Months after the state cracked down on cities' tardy annual financial audits, adherence to a statutory filing deadline is improving with fiscal 2025 reports.

With continued geopolitical tensions and surging oil prices, things could change on a dime, said Sweta Singh, founding partner and portfolio manager at City Different Investments.

Larry Rolapp helped grow Fieldman, Rolapp into a mainstay of California's municipal bond industry.

In addition to building a new patient tower dedicated to cancer care, the bonds will refund nearly all of Dana-Farber's outstanding debt.

By harmonizing its gift rule with FINRA's amended gift rule, the MSRB "aims for consistency in the application of MSRB and FINRA rules among dealers that are FINRA members," the MSRB's Ernesto Lanza said. 

The board also approved issuing a request for comment relating to disclosure documents for 529 plans and other municipal fund securities.

With enrollment and funding not keeping pace with rising costs, public education is feeling rating pressure at both the K-12 and higher education levels.

"Really the only chance of high speed rail in the United States in the next decade is Brightline West," said Federal Railroad Administration head David Fink.