The issuers of the Midwest sold $41 billion of municipal bonds in the first half of 2016, according to Thomson Reuters data.

The Securities and Exchange Commission announced enforcement actions against 71 municipal issuers and other obligated persons for violations in municipal bond offerings under the Municipalities Continuing Disclosure Cooperation (MCDC) Initiative.

At the start of the 1990s, Orange County, CA made some big bets on an early form of financial derivatives and it lost. It suffered major financial damage and eventually declared bankruptcy. But now the county is looking to borrow once again, and investors are primed to snatch up its new bonds at eye-poppingly high prices.

While the Internal Revenue Service's revenue procedure on management contracts received widespread praise from many bond and tax lawyers who felt it would help facilitate bond financing in public-private partnerships, several attorneys also had questions or concerns about it.

On July 18, 2016, the IRS published final regulations amending certain provisions of the existing arbitrage regulations. The updates, finalize certain changes to the existing regulations that were the subject of proposed regulations published in 2007 and 2013.

Two Florida counties can move forward with the first lawsuits ever to challenge a PAB allocation from the USDOT. U.S. District Judge Christopher R. Cooper sided with Martin and Indian River counties, both of which objected to the USDOT's award of $1.75 billion in private activity bonds for the All Aboard Florida passenger train project.

The Green Bond market accounted for $800 million of issuance in 2007, but has expanded significantly every year since then. Moody's reported in February 2016 that Green Bond issuance for 2016 could exceed $50 billion.

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This month's CDFA // BNY Mellon Development Finance Webcast Series featured David Misky of the Redevelopment Authority of the City of Milwaukee, Bill Calderon of Hawes Hill Calderon LLP, and John Stoecker of California Municipal Finance Authority, as they unlocked the financing tools that support new, expanding and relocating manufacturers.

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