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The bank hasn't managed debt sales in Texas since a measure took effect in 2021 that bars governmental entities from working with companies that "discriminate" against firearms businesses. BofA's "current risk-based framework and policies" can comply with that law, a lawyer for the bank has told the state.
June 27
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New York is seeking to procure a supercomputer to run artificial intelligence systems and gain a deeper understanding of the technology for more effective regulation.
June 27
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The Brent Spence Bridge and Hudson Tunnel were among last year's winners of the sought-after federal Mega grants.
June 27
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State lawmakers passed bills aimed at the city's home-rule powers and a union contract impasse, as well as funding for a convention center expansion.
June 27
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A $100 million offering of voter-authorized general obligation bonds will speed up blight removal and fund parks and transportation projects.
June 27
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California Gov. Gavin Newsom and lawmakers struck a budget agreement just days before the start of the fiscal year.
June 27
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Virginia Wong, a partner in Nixon Peabody's public finance group, talks with Chip Barnett about effective mentorship and building successful teams. (15 minutes)
June 27
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The FAA's reauthorization is facing trubulence before its expiration in September, but the enormous amount of cash airports have received from recent legislation situates them well regardless.
June 27
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"I got cut," he told The Bond Buyer. "I'm looking for a new job now."
June 26
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The Police and Fire Retirement System lacks authority to shift to a 20-year amortization of unfunded legacy liabilities from the 30-year term laid out in the city's bankruptcy exit plan, according to a judge's ruling that eases one fiscal pressure point for the city.
June 26
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Despite a slow start to the week, "buyers are becoming more constructive, and there's increased buying going on," said Pat Luby, a CreditSights strategist.
June 26
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The Florida Insurance Guaranty Association, which handles the claims of insolvent insurers, plans to borrow $600 million in the municipal bond market.
June 26
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"His key role in the financial rescue of New York City following its near-bankruptcy in 1975 set Dick on a nearly five-decade path making sure such an event would never happen again in the city and elsewhere," said William Glasgall of the Volcker Alliance.
June 26
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The early redemption plan saves the state $266 million in interest payments and allows pull-tab gambling revenue to flow to the general fund.
June 26
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The board is offering $2.4 billion to all bondholders while $8.5 billion of par value is outstanding.
June 26
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After holding at its last meeting, the Federal Open Market Committee may decide to raise rates again in July.
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As the Republican-controlled state House and Senate remain divided on how to deliver a historic tax cut, the governor vetoed dozens of bills to pressure lawmakers.
June 26
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Capital Markets Advisors and Richard Ganci have called for partial judgment in their defense against Securities and Exchange Commission claims that they misled investors, ignored signs of financial distress and that they failed to disclose material conflicts of interest to nearly 200 municipal clients.
June 26
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The Nevada System of Higher Education regents are expected to select a new chancellor by the end of June. Former treasurer Kate Marshall is a finalist.
June 26
