MSRB Amends Rule G-27 to Harmonize with FINRA and Adopt the Residential Supervisory Location Classification.
GFOA: GASB 102 and More Disclosure for You
Proposed Rule Change To Amend MSRB Rule G-47, on Time of Trade Disclosure, To Codify and Retire Certain Existing Interpretive Guidance and New Time of Trade Disclosure Scenarios: SIFMA Comment Letter
Flood of Property Assessment Appeals Could Wallop U.S. Cities. – [Ed. Note: Potential Risk Factor.]
What the Hazardous Substance Designation of PFAS Chemicals Means for Local Governments. – [Ed. Note: Potential Risk Factor.]
Coming Up: NFMA Advanced Seminar on Higher Education
Securities and Exchange Commission v. City of Rochester, New York – In fee-splitting case, U.S. District Court holds – as matters of apparent first impression, that: a) MSRB rule required advisor to disclose all contingency fee arrangements based on size or closing of a transaction; and b) negligence standard governed statutory and regulatory claims of a municipal advisor’s breach of fiduciary duty to a municipal client.
City of San José v. Howard Jarvis Taxpayers Association – Court of Appeal holds that unfunded liabilities incurred by city’s employee retirement funds qualified as “other evidence of indebtedness” under statutory definition of “revenue bonds,” for purposes of statute authorizing city to issue bonds for the purpose of refunding any of city’s revenue bonds, and thus city had authority under the statute to issue pension obligation bonds as refunding bonds to refund the unfunded liability as “revenue bonds.”
And Finally, We Put The Ordnance In Municipal Ordinance! is brought to us this week by Barris v. Stroud Township, in which, “The question we face in this appeal is this: Does the discharge ordinance, when considered alongside the zoning ordinances limiting shooting ranges to two non-residential districts in the township, violate the Second Amendment on its face?” Oh! Guns. In Your Editors experience, the word “discharge” has always been accompanied by the word “penicillin.” We were genuinely concerned about the prospect of adding “ordinance” to that list.

Bond Case Briefs