NABL Recommends Revisions to Management Contract Safe Harbors.
Mintz Levin: Helpful News from IRS on Student Loan Bonds.
MSRB’s Kelly Highlights Concerns For Retail Muni Investors.
NABL: Registration For TSLI Is Open.
Stifel, Nicholaus & Co., Inc. v. Godfrey & Kahn – In dispute over bond issuance, Court of Appeals holds that tribal court lacked jurisdiction over bondholders and brokerage firm; counsel to tribal economic development corporation, who also was bond counsel to bond transaction, could rely on forum selection clauses in bond documents.
Coves of Highland Community Development Dist. v. SCB Diversified Mun. Portfolio – District Court denies Community Development District’s request for declaratory judgment that $7.6 million of Bonds issued by the District had prescribed, citing factual question as to whether Trustee had acted as District’s agent, such that the debt was acknowledged via Trustee’s making of certain payments from the Debt Services Reserve Account.
Young’s Market Company v. Superior Court – Trial court’s order granting school district’s petition for a right of entry against the owner of an adjoining building, to assess the possibility of acquiring the property by eminent domain by boring holes in the ground and taking samples of soil and building materials, was within the scope of the Eminent Domain Law entry statutes and did not amount to a taking under the federal and state constitutions.
And finally, I’d Like to Buy a Vowel is brought to us this week by Coves of Highland Community Development Dist. v. SCB Diversified Mun. Portfolio, in which a subdivision project was abandoned after the Army Corps of Engineers popped up mid-project with the news that the property had previously been used as a practice bombing, rocket, and artillery range, so, uh, maybe keep an eye out for unexploded munitions. And therein lies the origin story of the country’s first municipal ordnance enforcement unit. May they rest in pieces.

Bond Case Briefs