- SIFMA Issues New MSRB Rule G-17 Model Risk Disclosure Documents for Additional Products.
- Green Bond Disclosure: NFMA Call for Volunteers
- Court Plunges Into Puerto Rico Defaults That Put Bond Market on Edge.
- Muni-Bond Downgrades Top Upgrades for First Time Since 2014.
- Record Muni-Bond Sales Surge Fueled by Borrowing for Budget Gaps.
- Balbesi v. Lafayette-City Parish Consolidated Government – Court of Appeal holds that in-lieu-of-tax (ILOT) payments made by Lafayette Utilities System (LUS) to city-parish consolidated government were not de facto ad valorem taxes, even though the ILOT transfers were referred to in bond ordinances as payments-in-lieu-of tax, and/or because they were placed into the City General Fund along with other tax revenue.
- And finally, At What Point Did This Begin To Dawn On You? is brought to us this week by Mancini v. City of Tacoma, in which, “eight Tacoma police officers broke open the door of a Federal Way apartment with a battering ram. They had a search warrant, and they expected to find Matthew Logstrom, a young drug dealer living in a somewhat unkempt apartment. Instead, they awakened Kathleen Mancini: an older nurse living in a well-kept home, who had been sleeping after working the night shift. The police nevertheless handcuffed Mancini and took her, without shoes and wearing only a nightgown, outside while they searched.” Oops. For cinema’s greatest case of mistaken identity, see here. (Mostly Not Suitable For Work?) Obviously, you’re not a golfer.
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