Bankruptcy

Nassau Regional Off-Track Betting Corp. is selling its Farmingdale, N.Y. branch to pay debt service for revenue anticipation notes it defaulted on in March.

Puerto Rico chief financial officer Melba Acosta Febo said Puerto Rico may pay some, but probably not all, of the commonwealth’s general obligation bond debt due July 1.

A new state rescue plan fails to address Atlantic City’s long-term fiscal challenges, S&P Global Ratings said Tuesday in affirming its deep junk-level CC rating of the New Jersey gambling resort.

Faced with a state Supreme Court threat to block distribution of funds to Kansas public schools, Gov. Sam Brownback called a special session of the legislature to provide a funding solution.

Lawyers with Orrick, Herrington & Sutcliffe are concerned about a ruling by a federal appeals court last week that found a constitutional challenge to the Securities and Exchange Commission's use of administrative proceedings to impose penalties in enforcement cases could not move forward until the proceedings end.

A Dowling College alumni group has launched a campaign to save the 48-year old Long Island school after it announced plans to close last week.

A compromise package to rescue Detroit Public Schools from looming insolvency at a cost of $617 million is headed to the state Senate.

Unrated Scranton, Pa., announced a P3 under which nonprofit National Development Council will manage its parking system.

The North Carolina House voted 81-27 Thursday to cancel the Interstate 77 toll road project and send the bill unwinding the state’s first public-private partnership to the Senate.

Presidential candidate and Sen. Bernie Sanders, I-Vt., has vowed to introduce an alternative bill to one pending before the House that CBO says would cost the territory $370 million over ten years.

New Jersey voter approval of gaming expansion could lead to as many as four casino closures in Atlantic City, but the proposed referendum faces an uphill battle, according to Fitch Ratings.

Former California Public Employees Retirement System chief Federico "Fred" Buenrostro received a prison sentence of four and a half years Tuesday, nearly two years after pleading guilty to accepting bribes in exchange for influencing CalPERS staff.

Hartford, Conn., Mayor Luke Bronin has called a $47 million performance bond on the developer of a minor-league baseball park, citing delays and cost overruns.

The Atlantic City rescue package New Jersey Gov. Chris Christie signed before the Memorial Day weekend is a credit positive for the cash-strapped gambling hub, according to Moody’s Investors Service.

California’s high-speed rail project appears to have survived one legal challenge, as Kings County, Calif. will not further contest the legality of the bonds supporting the train.

The New Jersey Senate and Assembly passed a compromise rescue package that allows Atlantic City to avoid an immediate default by providing a bridge loan.

A key Puerto Rico leader, David Bernier, said he would sue to block a federal control board over Puerto Rico.

Proposed House legislation designed to help Puerto Rico is moving to the full floor with light amendments after a 29-10 House Natural Resources Committee vote on Wednesday.

Debt gone wild at the teetering Penn Hills, Pa., School District has raised the specter of criminal probes after a scathing report by Pennsylvania's state auditor.

Leaders of the House Natural Resources Committee and Rep. Pedro Pierluisi on Tuesday night urged their colleagues to approve a bill to help debt-ridden Puerto Rico, even though they may not support certain provisions or worry the measure does not go far enough.