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Kentucky Attorney General Andy Beshear, a Democrat, filed suit Monday contending that budget cuts at nine public colleges and universities ordered by Republican Gov. Matt Bevin were illegal.
April 11
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The Conroe Industrial Development Corporation in Texas has paid a penalty and agreed to redeem bonds under the Internal Revenue Services voluntary closing agreement program (VCAP) to settle a tax violation relating to bonds it issued in 2008 and refunded in 2012.
April 11 -
UMB Bank N.A., the bond trustee for Texas Pellets, accelerated the outstanding debt on $186.5 million of bonds due to a default at the company owned by German Pellets, which filed for insolvency in February.
April 11
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The Associated Press and Municipal Bond Information Services, a national consortium of municipal interdealer brokers, announced Monday that it has created a new muni bond index.
April 11 -
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Douglass P. Selby will be the new head of public finance at Hunton & Williams, and John ONeill will lead the public-private partnership practice group.
April 8
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Increased federal funding is needed to help state and local governments improve water and wastewater systems Senate committee members agreed during a hearing on Thursday.
April 7
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In the week ended April 7, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell five basis points to 3.98% from 4.03% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.
April 7 -
U.S. ports and their private-sector partners plan to spend a whopping $154.8 billion on port-related freight and passenger infrastructure over the next five years, according to a survey by the American Association of Port Authorities.
April 7
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Samson Capital Advisors and Wilkinson OGrady Inc. will now officially operate under the name Fiera Capital Inc., as of April 4, and are the backbone of the Montreal-based money managers U.S. division.
April 6 -
The Maryland Board of Public Works on Wednesday approved a $5.6 billion, 36-year contract with a consortium of companies to design, build, operate and maintain a 16.2 mile light rail line that will link two counties in Maryland as well as connect to Amtrak, MARC and local bus services.
April 6
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Illinois community colleges face downward rating pressure from delays in state aid payments and likely future state aid cuts.
April 6
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