MSRB Review of the Taxable Bond Market.
Large Prepaid Energy Deals Poised to Hit Booming Muni Sector.
Muni Call Risk: Why Similar Bonds Behave Differently
NABL Sees No Upside to Proposed Regs on Arbitrage Bonds: Tax Analysts
Paxton v. City of Austin – Supreme Court of Texas holds that trial court abused its otherwise broad discretion to manage progress of case when court called case to trial without first resolving Attorney General’s plea to the jurisdiction, in case in which city and local government corporation sought declaration under Expedited Declaratory Judgment Act (EDJA) that corporation could issue bonds to fund transit project, while Attorney General answered and filed plea to jurisdiction arguing that neither city nor corporation qualified as an “issuer” of bonds under EDJA, leading corporation to urge trial court to avoid ruling on plea to jurisdiction so as not to trigger interlocutory appeal and delay the expedited proceedings.
And Finally, Have We Located the .5? is brought to us this week by Sargenti v. City of Long Beach, in which some punk kid jumped on one of those electric scooter rentals and went careening down the sidewalk, “weaving in and out and jumping curbs.” (Thus delaying production of the Great American Novel with the Cure for Cancer Instructional Bookmark tucked within.) As thoroughly anticipated, the kid maybe hit a patch of rough pavement or whatever and went splat. Factors at play? Kid claimed to have consumed 1.5 beers. If true, not much impairment there. The opinion then noted that he had, “hit a blunt…” Ah, well that’ll do it. Not a known performance-enhancing substance. Upon further review, the relevant section of the opinion actually states that he had, “hit a blunt flat edge of an asphalt patch.” I prefer my initial reading. In a shocking twist, the kid subsequently admitted that he had no recollection of reading or accepting the scooter app’s Terms of Service. That’s what happens when you hit the blunt, kids.

Bond Case Briefs