Investments

Recent laws extend the statute of limitations for child sexual abuse victims to file civil claims, impacting California school districts and counties.

Bondholders retain the right to argue on appeal that they perfected their liens on revenues and funds.

The Illinois Attorney General maintains it is unclear whether the state was even defrauded by the Wall Street banks that are accused of rate-rigging by a whistleblower.

For the three-month period ending June 30, the fund's investments returned about 3.08%.

Municipal CUSIP request volume decreased in July on a year-over-year basis, following an increase in June, according to CUSIP Global Services.

The $705.4 million of Metropolitan Government of Nashville and Davidson County bonds will be combined with $500 million from the state government.

The decision to cut Build America Bond subsidies marks a "multi-billion-dollar broken promise by the federal government," said public power agencies that have sued the United States.

The state treasurer's revisions, which shrank the list to six financial firms from 13, includes Bank of America, JP Morgan Chase and Wells Fargo.

The affirmation reflects Florida's "sound financial management practices, high gap-closing capacity and reserves, and low long-term liability," Fitch said.

The board named Jamie Asbury, the district's energy manager, to the top slot after an eight-month search.

A federal initiative, focusing on states, and eventually, larger municipalities and authorities, that places a premium on enhancing transparency, is fundamental to improving the fiscal health of state and local governments.

Summer redemption season ends Tuesday when issuers return $9 billion of matured or called bond principal, said CreditSights strategists Pat Luby and Sam Berzok.

The disaster in Hawaii highlights the increasing importance of Congress to act on the dwindling budget of FEMA's Disaster Relief Fund.

Following another court ruling on a 2022 labor law the Oversight Board rejected, Puerto Rico professors doubt the local government will operate more responsibly any time soon.

The top two municipal bond insurers wrapped $15.571 billion in the first half of 2023, a 12% decrease from the $17.689 billion of deals done in the first half of 2022, according to Refinitiv data. Insurance was up in Q2.

Only the top bond counsel retained its slot, while four firms were knocked out of the top 10.

The investor-owned utility issues tax-exempt bonds through the Hawaii Department of Budget and Finance.

Bondholders granted some breathing room to the speculative-grade polypropylene recycling project along the Ohio River, now reported to have entered production.

Doty, 81, touched nearly every facet of the public finance industry over his almost fifty-year career.

The Massachusetts Department of Revenue announced fiscal '23's revenue numbers were 4.7% below the previous year's total.