LA Fires Test Bond Market Used to Shaking Off Disasters.
Regulator Explores the Collection of Pre-Trade Muni-Bond Prices.
Municipal Securities Disclosure (Exchange Act Rule 15c2–12): SIFMA Comment Letter
Orrick: First Airport Financing Under the Bipartisan Infrastructure Law’s Expanded TIFIA Authorization Goes to Sacramento Airport
A Discussion with Treasury’s Office of Capital Assets (formerly Recovery Programs): Free GFOA Webinar
And Finally, Texas, That’s A Mess is brought to us this week by Keenan v. Robin, in which the Supreme Court of Texas set the scene in the first sentence of its opinion, which reads, “This case arises from a dispute between neighboring property owners in an unusual subdivision, most of which is now used as a cattle ranch.” That is indeed an unusual subdivision. Surprising no one, the dispute concerns the “most of which” part of that sentence, as the other-than-most part is the Keenan household, the only actual dwelling on what is now a 34-acre cattle ranch/subdivision. The court also provided us with this glorious, only-in-Texas, statement, “The Keenans never noticed cattle or manure on their lot prior to the Ranch’s purchase, and they did not consent to cattle being run on their lot.” Us non-Texans might have assumed that both of those things should go without saying, but apparently not. So Mr. Keenan busts down a gate preventing him with leaving the ‘hood and is charged with “criminal mischief of a livestock fence.” Seems like an oddly specific crime, but what’s a little mischief between neighbors? Turns out that this type o’ mischief is A STATE JAIL FELONY. We’d call bullshit, but is that even a pejorative in this context?

Bond Case Briefs