Southwest

Owners of $284 million of defaulted bonds will get only $2.4 million in cash, along with a minority equity stake in Legacy Park's new owner.

Proceeds from the social bond issue will go to support high-performing public charter schools across the United States and promote educational equity.

Litigation brought by a state public pension recipient challenges the constitutionality of a 2022 law prohibiting governmental contracts with companies the Oklahoma treasurer determines are "boycotting" energy businesses.

Municipal bond underwriters for Texas deals now have until Dec. 16 to comply with changes to the agreements and to their standing letters of compliance with two state laws banning contracts with companies that "boycott" or "discriminate" against the fossil fuel or firearm industries.

Recommendations from an actuary on the city's police and fire pensions come amid a rising unfunded liability and uncertainty over the use of pension bonds.

The amount of unspent funding for state and local capital projects is at a historically high $5 billion as projects struggle with rising construction costs.

The issuer said it pans to discuss the matter with the IRS.

The top five bond financings have an average dollar volume of more than $1 billion.

Flush with bond authorization from the Nov. 7 election, officials are formulating issuance plans, while Colorado's governor called lawmakers back to session after a property tax cut measure was defeated by voters.

A group of taxpayers argue that a property tax increase approved by Austin voters in 2020 for light rail cannot be used to support bonds.