Munis

Upcoming negotiated short-term note sales

The announcement Monday involved last March’s ruling by the First Circuit Court of Appeals on the Puerto Rico Highways and Transportation Authority’s special revenue bonds.

The state would boost spending on education under proposals from the governor and the legislature, both led by Democrats.

Jail bonds are being targeted for audits by the IRS this year with respect to whether federal government use of locally built facilities or management contracts with localities causes excessive private business use.

The Municipal Securities Rulemaking Board's assets dropped by $8.5 million.

At issue is the so-called "public disclosure bar," which prevents a whistleblower from pursuing a lawsuit based on publicly available information.

Robert Berry was named to replace Mark Campbell as head of the California Debt and Investment Advisory Commission.

Fargo finance director Kent Costin said the downgrade was expected given the decline in construction activity in 2019.

Neveu works in Butler Snow’s New Orleans office and has represented different issuers while focusing on affordable housing finance.

Huntington Beach approved a resolution to refinance up to $436 million of public employee pension debt with pension obligation bonds.

Martin Arrick, a managing director at S&P Ratings and its longtime not-for-profit healthcare group leader, will retire on Jan. 15.

The governor is pushing for $3B of bonding to tackle what he called the nation’s most aggressive program for reducing risks posed by climate change.

The Financial Industry Regulatory Authority released its annual Risk Monitoring and Examinations Priorities letter Thursday.

As interest in climate change and its impact on munis have both skyrocketed, data and research providers hope to move the needle further on those issues for the muni investment world.

The authority is making an investor push ahead of two upcoming deals.

The top three spots in the rankings did not change year-over-year but there were plenty of place changes in the rest of the top 10

The top municipal issuers easily surpassed their issuance totals from 2018 year, with $400.51 billion in 10,582 transactions in 2019 compared to $320.35 billion in 8,549 deals the year before. California regained control of the throne after coming in third in 2018.

The top muni underwriters accounted for $406.51 billion in 10,582 transactions in 2019 compared to $320.35 billion in 8,549 deals in 2018. There was only one change in the top five year-over-year but spots six through 10 saw three changes. Barclays and Stifel both had big improvements in the rankings, while Raymond James dropped the most.

Despite opposition to tolls, Louisiana completed its P3 agreement with Plenary Infrastructure to build the Belle Chasse Bridge and Tunnel Replacement Project.

The Palmyra-Eagle Area School District says it will run out of operating funds in the next school year.