Law and legal issues

The U.S. Territorial Relief Act of 2018 would give territories the option to terminate their debt obligations while authorizing $7.5 billion in federal funds to compensate mainland creditors who are individual investors, trade unions, pension plans, and open-end mutual funds.

State-owned Santee Cooper is battling cross claims by electric cooperatives that buy power from the agency in a suit over its shelved twin reactor project.

A Pennsylvania Supreme Court ruling allows the city to move ahead with borrowing plans that were placed on hold during its legal fight.

Wayne County plans to issue the debt, secured with a state intercept, though the Michigan Finance Authority.

Trustee UMB bank claimed the bond counsel's negligence prevented bondholders from achieving adequate recovery in bankruptcy.

A motion for summary judgment by Indian River and Martin counties contends that the privately owned project isn’t eligible to use the private activity bonds.

Henry County Superior Court Judge Arch McGarity ruled that bills signed by Georgia Gov. Nathan Deal in May did not violate the state constitution.

Billionaire Tim Draper’s proposition to break California into three states won’t be on the ballot in November after a state Supreme Court ruling.

A Civil War-era revenue measure is the centerpiece of the arguments in the lawsuit filed by four northeastern states.

The Harvey City Council will consider an agreement that allows it to keep some state funds being claimed by its pension funds.

The suit says the ballot measure fails to inform voters that it would allow charter schools to bypass local school districts for approval.

Will a lawsuit alleging a conspiracy in the VRDO market be dismissed early?

New York, New Jersey, Connecticut and Maryland claim the state and local tax deduction is essential to prevent federal tax powers from interfering with constitutionally guaranteed state rights.

The Nacogdoches County Hospital District took a nine-notch downgrade as it prepares to file for bankruptcy.

States and localities can’t continue to postpone resolving their pension problems or they will crowd out essential services and infrastructure and lose population, Chapman Strategic Advisors managing director James Spiotto says in a paper to be delivered in Washington on Tuesday.

Dallas will issue $235 million of bonds to settle lawsuits about officers' back pay.

A lawsuit, filed by a former University of Alaska regent, hinges on whether bond plan violates state constitution limits on new debt.

MSU plans to issue roughly $784 million of bonds, $450 million of which will be used to cover settlement costs from the sexual abuse scandal involving Larry Nassar.

The U.S. Supreme Court case heightens the risks for Georgia, because authorities could be forced to borrow to build alternate water systems.

The American Trucking Associations and three co-plaintiffs argue in federal court that the state's truck-only tolls are unconstitutional.