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The Hawaii House and Senate overrode the governor's veto of a bill he said could lead to a downgrade of the state's bonds.
July 21 -
Six hedge and investment funds holding Puerto Rico general obligation bonds sued Puerto Rico leaders Wednesday, seeking the government to use its money to pay GO bonds.
July 20 -
The Federal Housing Administration said it will begin insuring mortgages on certain properties that include PACE assessments if the obligation is treated like a property tax and it does not have priority status over the FHA mortgage lien.
July 20 - Texas
A federal appeals court ruling that allows Fort Worth, Texas, to reduce pension benefits is a positive credit factor for the city and others seeking to adjust to growing obligations, according to Moody's Investors Service.
July 20 -
A Michigan board has authorized key pieces of the $617 million restructuring of the Detroit Public Schools amid lingering market questions over the fate of the district's bonds.
July 20 -
Philadelphia City Controller Alan Butkovitz has recommended that the Pennsylvania Intergovernmental Cooperation Authority (PICA) accept the city's five-year budget plan while also warning against potential litigation from a new sugary drink tax.
July 18 -
Detroit announced plans to pay for higher contributions to its public safety pension fund by hiring fewer firefighters.
July 15 -
The National Federation of Municipal Analysts wants issuers to improve their disclosures about statutory liens and how they could affect general obligation bonds following a slew of recent municipal bankruptcies where this was a key issue.
July 13 -
S&P Global Ratings said it has lowered its long-term rating and underlying rating on the Puerto Rico Highway and Transportation Authority's subordinated transportation revenue bonds, series 1998, state infrastructure bank, to D (default) from CC, following a default on scheduled debt service due July 1, 2016.
July 13 -
A dispute over parking payments continues amid S&P Global Services' downgrade to junk bond status of bonds that funded a long-term parking lease.
July 13