Law and legal issues

A civil grand jury slammed the Alum Rock school board for running the district poorly, including on bond-related matters.

The Poinciana Community Development Districts argue that "issue preclusion” should bar some objections to the validation of $102 million of bonds.

The Illinois Municipal Retirement Fund's new power to intercept Harvey's pool of state revenues complicates settlement efforts with the city's public safety funds.

States could gain $8 billion to $33.9 billion in additional annual revenue if the high court rules in favor of South Dakota, while a loss would mean the status quo.

Maine Gov. Paul LePage has been ordered by a judge to begin implementation of voter-approved Medicaid expansion after missing the state’s April 3 deadline.

The U.S. Department of Transportation told All Aboard Florida that it now has until Dec. 31 to sell the $1.15 billion of bonds.

S&P said a state law de-annexing a major portion of one city to create another may affect all of its Georgia municipal rating assessments.

A settlement would free up some state-intercepted revenues for the city while sending some overdue contributions to the funds.

State-owned utility Santee Cooper received two subpoenas that appear to focus on a secret assessment report about the foundering project.

The outcome clearly places bondholders behind pension funds, according to Moody's Investors Service.

Harvey's revenue bondholders will get a piece of the city's intercepted revenues while the police fund has to wait.

The $139 million refunding saved Alabama’s most populous county $12.35 million in debt-service costs.

Harvey, Illinois, bondholders continue to get the city's home-rule taxes, but lose the city's share of state taxes.

Material improvements in spending flexibility led Fitch to give Alabama’s most populous county a two-notch upgrade.

The university can issue debt or pay cash to cover the settlement but either option has credit consequences.

A judge had previously ruled that the airport should void a retail contract, putting its revenues at risk.

They seek damages damages from a litany of professional firms over the capital city's plunge to near bankruptcy.

The Illinois city's revenue bondholders want any legal settlement to prioritize their claim over those of pension funds.

S&P placed MSU on CreditWatch with negative implications, citing a lack of clarity on how the settlement will be paid for.

The lawsuit says the state's plan to pay off oil producers by issuing bonds violates the state constitution.