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The House late Monday passed a bill that would treat investment grade and readily marketable municipal securities as high quality liquid assets under a liquidity rule banking regulators adopted in 2014. The Senate is expected to begin considering a companion bill in the near future.
February 2 -
California city attorneys who also provide bond counsel services may not be paid based on a percentage of a city's bond issuances, according to a formal opinion from the office of California Attorney General Kamala Harris.
February 1 -
The Municipal Securities Rulemaking Board will seek public comment on both how dealers should calculate the prevailing market price under its proposal requiring dealer disclosure of markups to retail customers and how it could get more issuers to disclose bank loans.
February 1 -
The Government Finance Officers Association is recommending state and local governments refrain from issuing bonds to finance the unfunded liabilities of health care and other non-pension post-employment benefit programs.
January 28 -
School and community college districts violate California law if they purposely incentivize municipal finance professionals to advocate for passage of a bond measure, said a formal opinion from Attorney General Kamala Harris.
January 28 -
The House is scheduled to hold a voice vote on Monday on a bill that would treat investment grade and actively traded municipal securities as high quality liquid assets under a rule banking regulators adopted in 2014.
January 28 -
Two Republican state committees that challenged the constitutionality of a Securities and Exchange Commission political contributions rule are insisting the SEC reject a Municipal Securities Rulemaking Board proposal to extend pay-to-play prohibitions to municipal advisors.
January 26 -
Dealer and advisor groups want revisions to a Municipal Securities Rulemaking Board proposal to extend pay-to-play prohibitions to non-dealer municipal advisors.
January 21 -
The Municipal Securities Rulemaking Board plans to discuss bank loans and dealer disclosure of markups to retail customers during its board meeting here next week.
January 20 -
The Municipal Securities Rulemaking Board announced on Tuesday which registered brokers, dealers, and municipal advisors will be required to participate in testing business continuity and disaster recovery plans.
January 19