Munis

It was a busy quarterly board meeting for the MSRB.

Out-year deficit borrowing looms after massive federal aid runs out, Chief Financial Officer Robert Foran tells the board.

Whether a BABs-like program could make it into actual law in Washington is still highly uncertain. What is certain: Some form of infrastructure spending is must-pass legislation because federal-aid highway funding is set to expire in October.

Bond insurance grew to 8.4% of total market par covered in the first half of 2021.

The bond counsel rankings saw plenty of moves, except at the top spot where Orrick took a commanding lead.

Wednesday will be the first Senate vote on advancing a bipartisan infrastructure deal.

As congestion pricing looms, the mass-transit authority is hearing calls to rework its system to attract riders to support its capital program.

NFMA's white paper could serve as a template for future emergency events, in addition to the current pandemic.

Issuers should recognize their ability to prepay debt is an extremely important term, and they should consult with their MAs to achieve the most liberal prepayment term consistent with the type of financing they are doing.

The New Jersey Educational Facilities Authority and the Ivy League university named Ramirez Asset Management, in their first collaboration with an MWBE firm.

Ed Sisk, a managing director and head of public finance at Bank of America Merrill Lynch, has been MSRB chair since Oct. 1, 2019.

Research suggests limited effectiveness of the SEC's rules requiring disclosure of private debt.

The city, which Moody's downgraded last week, is appealing a Nassau County judge's ruling that has it on the hook for $131 million over a dispute with a developer.

Rating agencies are pushing municipal issuers to build online security risks like ransomware attacks into mitigation strategies that include more transparency.

PFM Asset Management will continue to operate as a separate entity. The deal does not affect PFM’s financial advisory business which will continue to operate independently.

The Dormitory Authority of the State of New York overtook California for the most issuance, while New York issuers made up half of the top 10.

While the top three advisor firms stayed put, the next seven firms moved around, including three new firms making their way into the top 10.

As issuance increased, the top municipal bond underwriters saw their total par underwritten rise by 14.4% from the first half of 2020.

Voters in Texas' most populous county approved the flood control bonds after the devastation of Hurricane Harvey, but matching funds have been slow to arrive.

Board says all the objections to disclosure statements are without legal merit or should be addressed at the plan of adjustment confirmation.