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All creditors in the Detroit bankruptcy case must vote on the city's debt adjustment plan by Friday, a key vote that will set the stage for an August trial and the city's effort to exit Chapter 9 by early fall.
July 7 -
Municipal bond fund inflows fell to their lowest levels in the last nine weeks during the week leading into the Fourth of July holiday.
July 7 - Texas
Texas Municipal Utility Districts have come far from their dirt-bond past and are expanding to keep pace with growth while supplying a lean muni market with higher-yielding bonds, experts say.
July 7
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Continuing its quest for documents tied to the sale of $1.4 billion of certificates of participation, Detroit Friday said it would subpoena one of the banks as well as public finance attorneys involved with the 2005 transaction.
July 3 -
A federal appeals court judge advanced bond insurer Syncora Guarantee Inc.'s appeal of a key decision about casino tax revenue in the Detroit bankruptcy case, ordering a lower court to review the challenge by July 14.
July 3
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President Obama's warning that federal transportation funding will dry up is a scare tactic aimed at raising taxes, a conservative group said.
July 3
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The Bond Buyer's muni bond indexes were narrowly mixed in the week ending July 2.
July 2 -
At least two bond insurers in the Detroit bankruptcy case will now enjoy the exclusive right to vote on the city's bankruptcy exit plan in place of individual bondholders.
July 2 -
President Obama challenged Congress Tuesday on its inability to resolve the shortfall in the Highway Trust Fund.
July 2
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Detroit alerted the federal bankruptcy court Wednesday of plans to issue a subpoena to the Bond Buyer for information about the city's controversial $1.4 billion pension certificates of participation sale, and a bond insurer subpoenaed a trio of public finance professionals for depositions in their case.
July 2 -
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The U.S. Army Corps of Engineers sees public-private partnerships as a potential funding source for water infrastructure projects.
July 1
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Syncora Guarantee Inc. is challenging bankrupt Detroit's April settlement with its unlimited-tax general obligation bondholders, saying it violates Michigan law.
July 1 -
Detroit's two interest-rate swap counterparties returned to court to complain that the city's plan of confirmation does not conform to the terms of the settlement they reached with the city.
July 1
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