Washoe-Mill Apartments v. U.S. Bank Nat. Ass’n – Pursuant to the Trust Indenture, and Section 11(b) of the United States Housing Act of 1937, court finds that HUD was entitled to funds remaining in trust account after bonds issued to fund a HUD-subsidized facility were redeemed.
City of College Station, Tex. v. Star Ins. Co. – In suit against insurer for failure to defend/indemnify, court of appeals holds that zoning-related allegations in underlying complaint against city did not fall within the scope of policy’s “inverse condemnation” exclusion.
State v. Moore Outdoor Properties, L.P. – In inverse condemnation action, court holds that lessee’s interests in a sign permit, billboard structure, and leasehold form an intertwined property interest – as opposed to personal property – that is compensable in a condemnation proceeding.
SIFMA Weighing Campaign Against Muni Advisor Rule Provisions.
NYT: Bonds Backed by Solar Power Payments Get Nod.
GASB Toolkit Helps Pension Plans Implement New Accounting Standards.
Moody’s: Detroit’s DIP Proposal Differs Substantially From its Corporate Predecessors.
Moody’s: Report Analyzes Impact of Elimination of Federal Deductions for State, Local Taxes.
Use EMMA’s Email Reminder Service for Recurring Financial Disclosures.
NYT: Jury Finds Pipe Maker Defrauded Governments.
“While on duty on duty, Mr. O’Hern left his patrol assignment and went to his private vehicle. He drove to the top floor of a downtown parking garage, consumed a bottle of whiskey and ingested nearly a dozen Clonazepam (anti-anxiety) tablets. He then tasered himself and discharged his firearm over twenty times, shooting through the windshield and roof of the vehicle.” Turns out that incidents such as this are likely to end up on your permanent record.

Bond Case Briefs