MSRB to Discuss Bank Loans, Markup Disclosure at Meeting.
Dealer, Advisor Groups Ask for Revisions to MSRB Pay-to-Play Rule.
BDA Submits Letter to SEC on MSRB Pay-to-Play Rule.
An Overview of Standard & Poor’s Updated Methodology for Rating U.S. Public Finance Waterworks, Sanitary Sewer, and Drainage Utility Systems.
Cities’ Pension Liabilities Are About to Look a Lot Worse.
Nichols v. City of RehoBoth Beach – District court holds that city resident lacked standing to challenge city charter provisions governing voting procedures for special elections to authorize the borrowing of money (i.e. $53 million of general obligation bonds), as resident had the right to vote in the special election and thus lacked the concrete personal injury necessary to bring suit.
Metropolitan St. Louis Sewer District v. City of Bellefontaine Neighbors – Supreme Court of Missouri holds, as a matter of first impression, that a public entity (sewer district) was not entitled to sue another public entity (city) for inverse condemnation.
And finally, BCB’s Department of Misplaced Priorities this week brings you Estate of Glasoe v. Williams County, N.D., in which the Glasoe children lost the family homestead via tax sale. The kids brought suit, alleging that they were shocked, shocked, by the foreclosure and sale. Uh, despite the fact that Leanne Glasoe – who resided at the property – had been personally served by a deputy sheriff while she was working at her hair salon. “The deputy testified that when he gave the envelope to LeAnne Glasoe he told her ‘it was very important that she pay attention to the contents because it was a Foreclosure Notice.’ LeAnne Glasoe testified, ‘I didn’t even open it, I went right back to work.'” While we commend your commitment to the beautification of the ladies of the greater Williston area, Leanne, maybe shoulda taken the time to open the envelope. Bet you wish you could Curl Up & Dye.

Bond Case Briefs