MSRB Adopts Amendments to Rules G-12 and G-15, Shortening Regular-Way Settlement for Municipal Securities Transactions to T+1.
Burned by BABs, Issuers Look for a Way Out: Orrick
Attend GFOA Accounting Training in Chicago in July.
Upcoming NFMA Webinar on ETF Essentials for Muni Analysts.
Pike Off OTA, Inc. v. Oklahoma Turnpike Authority – Supreme Court of Oklahoma holds that the Oklahoma Constitution permitted the Legislature to enact statute conferring exclusive original jurisdiction upon the Supreme Court to hear and determine an application for bond validation to construct and operate turnpikes, and thus, the statute was constitutional, notwithstanding provision of the Constitution that gave all district courts unlimited original jurisdiction, since the district courts’ jurisdiction was limited where otherwise provided in the Constitution, and the Constitution expressly empowered the Supreme Court to exercise jurisdiction conferred by statute, including the jurisdiction conferred upon it in the turnpike statute.
And finally, Elderly Man At World’s Worst Nursing Home Or Your Editor’s Monday Night? is brought to us this week by Mercy Housing Georgia III, L.P. v. Kaapa, in which a guy was found “lying face down on the floor covered in urine and feces.” Check. He “was able to grunt in response to questions and could move his left leg.” Sounds about right. “By the time he arrived at the hospital in an ambulance, he was agitated and was attempting to pull IVs from his arm with his left hand.” Yup, and who pulls an IV out with his right hand? “He died two days later.” We’ll have to keep you posted on that one.

Bond Case Briefs