SEC Outlines Key Considerations for LIBOR-Linked Muni Securities.
SEC Staff Issues Key Considerations on LIBOR Transition: Latham & Watkins
Hawkins Advisory: Infrastructure Investment and Jobs Act
MSRB Requests Information on ESG Practices: Cadwalader
SEC Charges Adviser with Section 204A Violation for Failing to Maintain MNPI Procedures: Paul Hastings Ed. Note: This one is applicable only to those of you advising financial institutions.
Pre-Order the New Electronic GAAFR.
Tos v. State – Court of Appeal holds that statute clarifying that corridor or usable segment thereof was “suitable and ready for high-speed train operation,” for purposes of funding plan required by Safe, Reliable High-Speed Train Bond Act, when bond proceeds were to be used for capital cost for project that would enable high-speed trains to operate immediately or after additional planned investments were made on corridor or useable segment thereof and passenger train service providers would benefit from project in near-term, was consistent with single object of Bond Act approved by voters, and thus did not violate state constitution’s debt limit provision; statute furthered construction of high-speed rail system by funding investments in improvement of existing train systems that would be shared with high-speed train system.
And finally, Revenge of the Mailbox, Part Deux is brought to us this week by Snay v. Burr, in which yet another life was tragically cut short by a mailbox. As the Supreme Court of Ohio noted, “The facts of this case are undisputedly tragic.” (Are they, though? Undisputedly tragic, yet just a teensy bit hilarious? Imagine the eulogy…) Although this strikes us as a new and terrifying phenomenon, we are reminded that the Bhagavad Gita (suck it, Oppenheimer) contains the immortal warning, “Now I am become Mailbox, Destroyer of Worlds.”

Bond Case Briefs