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Lawsuits
Florida CDDs ask court to set limits on residents in bond validation case
The Poinciana Community Development Districts argue that "issue preclusion” should bar some objections to the validation of $102 million of bonds.
Another retirement fund dragged into Harvey, Illinois, pension fray
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.
Florida passenger train project gets more time to issue private activity bonds
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.
Georgia de-annexation law creates credit concerns for hundreds of cities
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.
Settlement in sight for Harvey, Illinois, pension intercept dispute
A settlement would free up some state-intercepted revenues for the city while sending some overdue contributions to the funds.
SEC probes the meltdown of South Carolina’s twin nuclear reactor project
State-owned utility Santee Cooper received two subpoenas that appear to focus on a secret assessment report about the foundering project.
Harvey pension quagmire is credit negative for all Illinois municipalities
The outcome clearly places bondholders behind pension funds, according to Moody's Investors Service.
Harvey keeps pushing for settlement in face of Illinois pension intercept
Harvey's revenue bondholders will get a piece of the city's intercepted revenues while the police fund has to wait.
A narrow win for bondholders still sets an ominous precedent in Illinois
Harvey, Illinois, bondholders continue to get the city's home-rule taxes, but lose the city's share of state taxes.
How Michigan State's options to cover $500 million settlement weaken its credit
The university can issue debt or pay cash to cover the settlement but either option has credit consequences.
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