GASB Establishes New Guidance to Assist Stakeholders With the Implementation and Application of Various Pronouncements.
NFMA Letter on the Current State of Disclosure in the Municipal Market.
Bond Buyer: Middle-Market Dealers Report Steep Regulatory Costs
Collection of Data Elements Provided in Electronic Format to the EMMA Dataport System in Connection With Primary Offerings: SIFMA Comment Letter
Issuers Welcome Fallback Language for Libor-Based Floating Rate Notes.
IRS Allows Multifamily Housing Bonds to Finance Projects with Group Preferences.
Update on Qualified Opportunity Zones: Second Set of Guidance Issued: Ballard Spahr
Additional Takeaways From the Latest Qualified Opportunity Fund Regulations: Day Pitney
New OZ Regs Post to Federal Register; Commenting Period is Now Open.
BOKF, NA v. Estes – Court of Appeals holds that neither federally-chartered bank nor its corporate trust department which served as indenture trustee for certain conduit municipal bonds was a “municipal securities dealer,” within the meaning of the Securities Exchange Act, and thus, was not subject to compelled arbitration before FINRA, as neither bank, nor its trust department traded in securities on its own account.
And finally, Who’s a Supportive Boy? Who? Who? is brought to us this week by Wilkison v. City of Arapahoe, in which the Supreme Court of Nebraska ruled that allowing owner to retain emotional support dog in his house was a reasonable accommodation under FHA, despite city’s dangerous dog ordinance. The catch? They also ruled that it wasn’t a necessary accommodation. Why not? So glad you asked. Dude had another other dogs and the court found that “comparable therapeutic benefit to owner with regard to his disability, and there was no evidence that the pit bull provided more support than owner’s other dog.” If only Chewy had possessed the foresight to document his superior emotional support skills. Bad dog, Chewy.

Bond Case Briefs