The Municipal Advisor Rule: Complimentary Bond Buyer Web Seminar.
As Simple as It Can Be but Not Simpler: Science, Taxes, and Bonds.
Fed Rule May Curb Bank Buying After Holdings Double: Bloomberg Muni Credit.
Fitch Expects Unwinding, Restructuring of TOB Programs.
Former Bank of America Executive Pleads Guilty for Role in Conspiracy and Fraud Involving Investment Contracts for Municipal Bonds Proceeds.
NYT: Preparing for Disaster by Betting Against It.
City of Willow Park v. E.S. – Section of consulting services contract, entered into between engineering firm and city, purportedly providing that city did not waive its governmental immunity by entering into contract was void as against public policy, such that firm could maintain breach of contract claim against city.
West Texas Mun. Power Agency v. Republic Power Partners, L.P. – Municipal power agency’s contract with power company to develop new sources of electricity for the agency was a contract for “goods or services” to a “local governmental entity,” and thus was within the coverage of the statute providing for a waiver of governmental immunity from suit in the context of a breach of contract claim, even if the agency assigned its rights and duties under the contract to a local government corporation, where the contract required the power company to perform services such as obtaining necessary feasibility studies and securing private investment capital.
Do not adjust your sets. Our case law coverage is indeed now limited to naught but public utilities and attempts by certain Texas municipalities to weasel out of their obligations. We’ll try to do better next week or perhaps Texas will at last succeed in seceding.
And finally, South Jordan City terminated a cop who, bizarrely, repeatedly refused to activate his lights and siren during high speed chases, which had always struck us as the entire point of the gig, and “The Happy/Fun Math Tutor” ran into a spot of bother when it emerged that his other biz – Dave Pounder Productions – was engaged in the production of “explicit adult media.” Now there’s a Renaissance Man if we’ve ever seen one.

Bond Case Briefs