April 1, 2005
The more information, the better. At least that is the thinking behind the Municipal Securities Rulemaking Board's launch of a system requiring that price information for all muni bond trades be available for the market within 15 minutes of a trade.
February 1, 2005
In response to a dozen insurance failures following the 1992 Hurricane Andrew disaster, Florida in 2002 created the Citizens Property Insurance Corp.
December 1, 2004
State and local governments bent on refinancing old debt had a new, if not unknown, hurdle to overcome this fall: no SLGS.
August 1, 2004
States and localities have increasingly used forms of variable-rate debt in their issuance, but now, as interest rates rise, that could land them in trouble.
June 1, 2004
After six years and countless lawsuits and countersuits, the city of Spokane is finally paving the way toward paying off the bonds sold by a local foundation whose failure to pay them resulted in multiple credit downgrades.
April 1, 2004
Local transportation agencies around the country may have to delay projects, raise fares or cut operating costs to make up for a $1.2 billion shortfall.
February 1, 2004
Alaska expects to issue a $75 million tax-exempt bond this year, backed by a pledge of the payments on student loans in its 2003 consolidation loan portfolio.
May 1, 2002
In the battle for the title of largest-ever municipal bond issue, New York's Metropolitan Transportation Authority is triumphant--for now.