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Time’s almost up for Illinois state lawmakers and the governor to come up with a budget plan that all can live with as the spring legislative session ends this week.

Although President Trump will be out of the country, his budget is expected to be released on Tuesday with all eyes on any allocation or lack thereof to infrastructure.

With comments on the SEC’s proposal to add two new event notices to 15c2-12 rule due soon, market participants have been reacting negatively, saying the changes will add unnecessary burdens for issuers and dealers.

Last week’s filing of Title III by the Oversight Board, which sets the stage for a court-supervised reorganization of Puerto Rico’s debt, was just the start of a critical series of decisions for investors in the commonwealth’s bonds. There may be developments on several Puerto Rico fronts this week.

Against a backdrop of a scolding from the state auditor for “using misleading budgeting practices” the Regents of the University of California is set to bring volume to a market that is starving for new issuance.

In this week's Muni Minute, we examine Puerto Rico's debt restructuring negotiations, which are scheduled to begin this week... if the bondholders show up.

Learn more about Bond Buyer's enhanced and improved online experience, including a mobile-friendly architecture with responsive design and enhanced navigation.

In this new edition of Muni Minute, we turn our focus to The Hill in Washington, D.C., as there will be lots of activity that should be of interest to the municipal market.