Representative David Young of Iowa has introduced a bill that will expand certain exceptions to private activity bond rules for first time farmers. HR 5335 would expand first time farmer exceptions through amendment of the IRC of 1986.

All Aboard Florida won a round in court against Indian River County when a Leon County Circuit judge ruled on June 10 that the counties lack standing to stop the issuance of bonds to finance the proposed $1.75 billion passenger railway.

In a first of a kind case, two California-based municipal advisory firms and their executives agreed to pay a total of $200,000 to settle Securities and Exchange Commission charges that they used deceptive business practices in dealing with five school districts.

Public-private partnerships are the future of public finance. That little sentence can light a fire in the world of public money, which is struggling to find the wherewithal to pay for infrastructure.

On June 6, 2016, Patrick J. McCoy, GFOA President-Elect and director of finance for the New York City Metropolitan Finance Authority testified on behalf of GFOA at a hearing held by the IRS and Treasury on their proposed rule on political subdivisions.

Rep. Jeb Hensarling, R-Tex., plans to introduce an alternative to the Dodd-Frank Act that would, among other things, stop the Municipal Securities Rulemaking Board from receiving some of the muni rule enforcement fines collected by regulators and repeal the Volcker Rule.

Shrinking underwriting spreads may be threatening the municipal underwriting business, and underwriters, attorneys, financial advisors, and other market participants are thinking seriously about the causes and long-term implications of this reality.

Renovate America announced the closing of its seventh securitization of PACE bonds – the largest ever completed to date by any issuer and a designated green bond secured by 13,432 PACE assessments levied on residential properties in 31 California counties.

A bipartisan bill introduced in the House would allow state and local governments to issue up to $5 billion in private activity bonds to finance the construction and upkeep of certain publically owned buildings.

The Securities Industry and Financial Markets Association is urging states to adopt policies to ensure issuers meet their disclosure requirements and provide investors with relevant information.

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