- GFOA Survey Reveals Cost of SEC’s Municipalities Continuing Disclosure Cooperation Initiative (MCDC).
- Hawkins Advisory (Disclosure by Municipal Issuers).
- GFOA’s Watkins: MCDC Cost Issuers; SEC Initiative ‘An Abuse of Power’.
- GASB Improves Reporting for Health Insurance and Other Retiree Benefits.
- Deals Gone Bad Push Muni Borrowers to Dump Interest-Rate Hedges.
- GFOA: GASB Makes Significant Adjustments to Its Technical Agenda.
- Davis v. Fresno Unified School District – Taxpayer successfully challenges noncompetitive bid contract, including lease-leaseback arrangement, between school district and contractor for construction of middle school; must-read for those involved in this type of transaction.
- U.S. v. Heinz – Court of Appeals holds that bid-rigging defendants’ conduct “affected a financial institution” within the meaning of 18 U.S.C. § 3293(2), thereby extending the statute of limitations to ten years under § 3293(2).
- And finally, No Good Deed Goes Unpunished is brought to you this week by Councill v. Damascus Volunteer Fire Dept., Inc., in which Ms. Wanda Councill attends a volunteer fire department’s fund-raising bingo game, wins $500, then sues when the trips/falls outside the bingo parlor. Adding injury to injury, the court then rules that the firefighters aren’t entitled to charitable immunity. The fact that Wanda drove 32 miles to get there indicates that she a) has a serious bingo addiction and/or b) recognized the peril inherent in calling in the volunteers to pull Fluffy out of her fire-engulfed home after pulling this stunt.
