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In a first-of-its-kind case, a federal judge hears arguments June 30 on motions to dismiss a challenge by two Florida counties of $1.75 billion in private activity bonds for the All Aboard Florida passenger train.
June 22 - Florida
Florida Gov. Rick Scott has appointed nine people, including six top level state employees, to take charge of Opa-lockas finances while the city is in a state of financial emergency.
June 13 -
A Florida court has denied Indian River Countys quest to block a state-created conduit issuer from selling $1.75 billion of tax exempt bonds for All Aboard Floridas planned private passenger rail project.
June 13 - Florida
Florida Gov. Rick Scott declared the small city of Opa-locka to be in a financial emergency late Wednesday, authorizing the state to take control of the citys finances and debts.
June 2 -
Port St. Lucie, Fla., will only recover 6% from the bond-laden incentive package the city used to lure a digital effects studio to town.
May 26 -
Tax-exempt bonds give municipal issuers a unique advantage in negotiating public-private partnerships, a factor that some municipal market and legal advocates say should not be overshadowed.
May 25 -
Municipal market participants are urging the Treasury Department and Internal Revenue Service to withdraw their proposed rules on political subdivisions, claiming they are unnecessary, possibly illegal, and would disrupt the municipal bond market.
May 23 -
The Internal Revenue Service has closed two audits with no change to the tax-exempt status of $117.73 million of utility revenue bonds issued by the Village Center Community Development District in 1998 and 2003, but retired in 2014.
May 18 -
Miamis dramatically improving and diverse economy was a driving force that led Moody's Investors Service to upgrade the citys general obligation bonds to Aa3 from A1, despite pending SEC and pension suits.
May 11 - Florida
Orange County, Fla., prices $84 million of triple-A-rated new money bonds Wednesday to finance water and sewer expansion projects for its currently debt-free utility system.
May 9