Munis

The state Supreme Court decided the lawsuit in the turnpike authority's favor, but it has yet to rule on the validity of bonds to finance a $5 billion extension.

Total volume for the month was $26.062 billion in 677 issues, down from $36.583 billion in 928 issues a year earlier, according to Refinitiv data.

Changes affecting the turnpike's board, which take effect Nov. 1, come as it awaits a court ruling on issuing initial bonds for a $5 billion project.

California senators approved a school bond measure that supporters say could help reduce the state's $117 billion in school construction needs.

The Oklahoma Turnpike Authority asked the court to approve $500 million of bonds to jumpstart funding for a $5 billion extension project.

Amid rising construction costs and supply chain shortfalls, some California school bond projects are being redesigned, accelerated or delayed.

Brightline's luxury train in Florida accounts for half of the Nuveen High Yield Municipal Bond Fund's top 10 positions.

Fernandez was a veteran municipal bond attorney who spent nearly 67 years at Hawkins, Delafield & Wood LLP before his retirement in 2017.

The private Medaille University is closing its doors after failing to sell itself to a nearby college. It has more than $20 million of bond debt.

The investor-driven committee created guidelines to help small- and medium-sized issuers provide more uniform disclosure.

A change by the IRS increases the Permanent School Fund's capacity by nearly 86%, allowing its triple-A school bond guarantee to be widely available again.

The Municipal Securities Rulemaking Board is seeking an MA candidate to replace Jill Jaworski as she leaves to become the chief financial officer of the City of Chicago.

UBS will compensate a Texas school district, which was forced to resell bonds after the state attorney general rejected the investment bank's contract to purchase the debt.

Banks reduced their quarterly muni holdings during the first quarter at the fastest rate in 20 years, per Municipal Market Analytics.

A proposed IRS regulation boosts the amount of bonds that can be guaranteed by nearly 86% to about $218 billion.

The measure, which passed both legislative chambers in lopsided votes, would strip the governor of his sole ability to appoint turnpike board members.

The acrimonious relationship between the university and its private partner has spilled into the courts and underscores that P3 deals don't remove all risks.

The resignation comes after the bank was placed on the state treasurer's list of fossil fuel industry boycotters.

With limited support from the federal government, numerous cities would be able to pursue projects that improve their communities without sacrificing their budgets to debt service.

Without certification it will be harder to get the appeals court to hear any bondholders' appeal.