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New Jersey Senate President Steve Sweeney, D-Gloucester, floated an alternative proposal aimed at saving Atlantic City from insolvency that sets additional benchmarks for the distressed gambling hub before his previously-proposed state intervention would take effect.
April 14 -
The Natural Resources Committee has indefinitely delayed the vote that was planned for Thursday on the Puerto Rico bill as its members, Treasury Department officials and other stakeholders continue to try to address the concerns raised about the measure and change its provisions to ensure they can get enough votes to pass it.
April 13 -
San Diego City Attorney Jan Goldsmith said he might file a lawsuit to keep the initiative off Novembers ballot, possibly benefiting a competing initiative that would include a new stadium for the San Diego Chargers.
April 13 -
The House Committee on Natural Resources is moving forward with a bill to help Puerto Rico that loosens provisions regarding the oversight board but still keeps the cram down and debt litigation moratorium portions of an earlier version that drew criticism.
April 12 -
With New Jersey Gov. Chris Christie pushing for a state takeover of Atlantic City, members of the Republican governors administration were grilled by lawmakers Monday for allowing the gambling resort to plunge into distress.
April 12 -
The Securities Exchange Commission has charged Texas Attorney General Ken Paxton with securities fraud in a case involving a Texas-based technology company. Paxton was already under indictment in Texas for acting as an unregistered financial advisor.
April 11 -
Kentucky Attorney General Andy Beshear, a Democrat, filed suit Monday contending that budget cuts at nine public colleges and universities ordered by Republican Gov. Matt Bevin were illegal.
April 11 -
The Conroe Industrial Development Corporation in Texas has paid a penalty and agreed to redeem bonds under the Internal Revenue Services voluntary closing agreement program (VCAP) to settle a tax violation relating to bonds it issued in 2008 and refunded in 2012.
April 11 -
UMB Bank N.A., the bond trustee for Texas Pellets, accelerated the outstanding debt on $186.5 million of bonds due to a default at the company owned by German Pellets, which filed for insolvency in February.
April 11 -
The House Natural Resources Committee is expected to release a revised version of its Puerto Rico bill on Monday, including a modification designed to avoid a constitutional challenge if the legislation is enacted, sources said.
April 7