Law and legal issues

Lawmakers are meeting this week after the state Supreme Court struck down a major pension overhaul passed earlier this year.

A federal judge in Texas ruled that the Affordable Care Act is unconstitutional, which would affect nonprofit hospital credits if it withstands appeal.

Reps. Brian Mast and Bill Posey asked Transportation Secretary Elaine Chao not to extend a Dec. 31 deadline to issue private activity bonds.

A bankruptcy judge still has to review the sales agreement between Verity Health System and Santa Clara County.

The private passenger train project in Florida also faces new litigation from longtime adversary Indian River County.

The wholesale public power authority will refund outstanding debt, refinance commercial paper, and fund nuclear fuel for reactors 1 and 2 at Plant Vogtle.

While citing “noticeable, across-the-board improvements,” state Auditor Eugene DePasquale said significant work remains for the distressed city's three pension plans.

New Jersey's second-largest city resolved a feud over the bi-state agency's properties and payment-in-lieu-of-taxes agreements.

The scope of the court's ultimate ruling in the first of five pension-related cases on its docket remains unclear after Wednesday's oral arguments.

A think tank is urging residents to support selling the state-owned utility saying that would relieve ratepayers of paying billions in debt.

The case may challenge the California Rule, which has thwarted efforts to cut pension benefits.

The soon-to-depart governor continues to fight Medicaid expansion despite plans by his replacement to immediately implement the program.

The county, through a conduit issuer, will price $198.2 million in lease revenue bonds for its new civic center.

Puerto Rico credit unions say that the disclosure fails to provide concrete numbers on how bonds will be restructured.

Platte County's lawsuit is the latest turn in its efforts to shed its obligation to repay bonds for a struggling shopping center.

Fitch Ratings dropped the South Carolina utility’s rating two notches to A-minus and revised the outlook to negative, citing a legal claim by its largest customer.

Potential federal oversight of public utilities, rising costs, and lawsuits create volatility for utility market investors, Fiera Capital says.

The vote ends the effort to create a new city and ends the legal debate over who would have been responsible for Stockbridge bond debt.

The California Supreme Court will hear oral arguments Dec. 5 on a case to decide what pension rights are vested for government employees in the state.

The five new board members plan to scrutinize future financing plans of the two Poinciana community development districts.