BlackRock, Nuveen among holders to settle on PREPA plan of adjustment

The Puerto Rico Oversight Board reached an agreement with several Puerto Rico Electric Power Authority bondholders in a proposed plan of adjustment that offers the settling holders significantly more of the original value of outstanding bonds than to those who did not agree to the plan.

Register for The Bond Buyer Infrastructure conference in Chicago Sept. 12 and 13.

?

As booming oil and natural gas production pumps revenue into New Mexico's budget, state officials are taking steps to insulate the general fund from the notoriously volatile fossil fuel industry. Legislation enacted this year aims to shift the state's reliance away from severance taxes to more sustainable revenue sources. Stephanie Schardin Clarke, New Mexico's taxation and revenue secretary, said Senate Bill 26 and previous measures are allowing the state to build "a bridge from peak oil to investment income."

Watch the acceptance speeches and view some of the photos from our Deal of the Year event in New York City.?

California has made significant enough progress on its transportation infrastructure that the state’s auditor has removed the sector from its high-risk list. The state’s transportation system had been on the auditor’s list of state agencies and programs that it believes need improvement because their deficiencies “pose a high risk to the state” since 2007.

Click to see the first half’s top issuers, underwriters, and financial advisors.

Senior manager Raymond James & Associates is set to price Jacksonville, Florida's $290.345 million of tax-exempt revenue and revenue refunding bonds Tuesday. Other deals coming from Sunshine State issuers on Tuesday include Lakeland's $155 million of tax-exempt energy system revenue and refunding bonds and Brevard County's $50 million of solid waste management system revenue bonds.

Check out our most recent Rising Stars and the second class of Muni Hall of Famers.

Municipals were steady to start the week as U.S. Treasuries were firmer and equities ended the trading session up.

Registration is open for The Bond Buyer California Public Finance conference Oct. 18-20 in San Francisco.

Puerto Rico Gov. Pedro Pierluisi proposed several tax cuts to both corporate and individual rates that the Puerto Rico Oversight Board has panned as too costly for the territory’s government to undertake.

Sign up here to receive The Bond Buyer's complete newsletter — delivered to your inbox daily.