Bankruptcy

DALLAS — A Hobbs, N.M., apartment complex that defaulted on revenue bonds issued by the Southeastern New Mexico Affordable Housing Corp. will go on the market for a second time after bondholders rejected a short sale last fall, officials said.

When Burlington several years ago set out to build a municipal telecom network, it envisioned a self-sustaining system providing fiber-optic internet service to residents, business, and government in Vermont’s most populous city.

The Magen David Yeshivah in Brooklyn has received a forbearance from its insurer after failing to meet its financial obligations on a $38.5 million bond issuance.

Arizona Treasurer Dean Martin said he suspended his campaign for the Republican nomination to run for governor late last week to avoid splitting the party as the state fights a federal lawsuit over its new immigration law.

CHICAGO — A developer’s default on $14.1 million of special assessment bonds in Wood County, Ohio, has sparked a dispute between the bond trustee and the county treasurer over the tax-lien sale of the property.

Six state and local groups are urging the Senate to pass an extension to the Build America Bonds program, which they say is critical to governments during this time of unprecedented budgetary strain.

Dealers would have to submit bidding information for auction-rate securities in a set of individual data points rather than in document form under changes the Municipal Securities Rulemaking Board submitted Friday on a proposed expansion of its transparency system for ARS and variable-rate demand obligations.

Holders of first-tier debt issued for the Las Vegas Monorail have nothing to show for their most recent scheduled interest payment.

Investors and the state of South Carolina are haggling over who will get a bigger share of revenue from a bankrupt bond-funded toll road.

CHICAGO — Minnesota-based law firm Briggs and Morgan PA, one of the state’s top bond counsels, has hired attorney Catherine ­Courtney.

The Georgetown Special Taxing District in Connecticut received a forbearance last week on $1.5 million of tax anticipation notes after failing to pay them on time.

WASHINGTON — This month is a significant milestone for the Municipal Securities Rulemaking Board, marking its one-year anniversary as the sole official repository for muni issuers’ continuing disclosure documents.

The New York Stock Exchange once again notified Ambac Financial Group that it could be de-listed for failing to maintain a minimum share value of $1.00 for a 30-day period, the company announced Tuesday.

The insolvent city of Central Falls repaid $4.1 million of tax anticipation notes on time last week, Rhode Island officials said.

ALAMEDA, Calif. — California this week selected a group led by Meridiam Infrastructure to be its preferred partner for the state’s first public-private partnership for a courthouse.

Harrisburg Friday may select qualified financial advisers to participate in a request for proposal process, as Pennsylvania’s capital city looks towards addressing $282 million of outstanding incinerator debt that is in technical ­default.

WASHINGTON — The Securities and Exchange Commission on Wednesday unanimously adopted rules designed to prevent investment advisers from making political contributions to elected officials to obtain business from state and local pension funds, investment pools and college savings accounts.

Former Alabama Gov. Don Siegelman’s appeal of his corruption conviction will be reviewed by the 11th Circuit Court of Appeals based on last week’s decision by the U.S. Supreme Court narrowing the focus of the “honest services fraud” criminal statute.

WASHINGTON — Federal regulators would spend months, if not years, implementing the sweeping changes to the municipal market that were outlined in the financial regulatory reform legislation finalized by House and Senate negotiators late last week.

New York State will pick up the debt-service tab for North General Hospital, which plans to file for bankruptcy, officials said Monday.