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EMMA provides free on-line access to centralized new issue municipal securities disclosure documents (known as official statements), [1] on-going continuing disclosures for all municipal securities, [1] escrow deposit agreements for advance refundings (i.e., refinancings) of outstanding bonds, [2] real-time municipal bond trade price ...
Details from the Detroit bankruptcy filing. The city of Detroit, Michigan, filed for Chapter 9 bankruptcy on July 18, 2013. It is the largest municipal bankruptcy filing in U.S. history by debt, estimated at $18–20 billion, exceeding Jefferson County, Alabama's $4-billion filing in 2011. [1]
A general obligation bond is a common type of municipal bond in the United States that is secured by a state or local government's pledge to use legally-available resources, including tax revenues, to repay bondholders. [1]
Sand Creek school district voters will head to the polls Tuesday, Nov. 7, to consider a 25-year bond proposal to fund building and traffic projects.
A municipal bond, commonly known as a muni, is a bond issued by state or local governments, or entities they create such as authorities and special districts. In the United States, interest income received by holders of municipal bonds is often, but not always, exempt from federal and state income taxation.
The Supreme Court in 2020 said the practice violated the Michigan Constitution. And now the court said the ruling can be applied retroactively to foreclosures that happened before the opinion was ...
The MSRB was created by the Section 15B of the Securities Exchange Act of 1934 (as amended by the Securities Acts Amendments of 1975, Pub. L. 94–29, and codified at 15 U.S.C. § 78o-4(b)) to create a mechanism for the regulation of municipal securities as well as brokers, dealers, and banks in the municipal securities business.
The 25th District Court was established on December 1, 1977, replacing the Lincoln Park Municipal Court. [23] The 26th District Court commenced operations on December 1, 1979, with the consolidation of the Ecorse and River Rouge Municipal Courts [24] and merged with the 25th District Court effective April 1, 2012 [25] 27th District Court