municipal

California municipal utility will phase out three natural gas power plants in favor of renewables

This week, Los Angeles Mayor Eric Garcetti announced that rather than investing in the Haynes, Harbor and Scattergood natural gas power plants to meet the requirements of a 2010 law related to a practice known as once through cooling, the Los Angeles Department of Water and Power (LADWP) will phase them out in favor of renewable energy.




municipal

Kolkata Municipal Corporation finds alternative to Dhapa

KOLKATA: The Kolkata Municipal Corporation (KMC) has finally found a plot for setting up its second solid waste disposal ground. The civic body will use an area covering about 20 acres at Rajarhat New Town to develop a ‘waste-to-energy’ converting system that will be an alternative site to the existing Dhapa ground which has become overburdened. The KMC will soon sign an MoU with the Housing Infrastructure Development Corporation (Hidco) for this project. “We will sign a MOU with the KMC authorities. The KMC will develop the project on Action Area III. It will be a compact solid waste disposal ground from where energy generation will be done. The solid […]




municipal

Howrah Municipal Corporation announces partial waiver of property and commercial tax

HOWRAH: With an eye on boosting revenue, the Howrah Municipal Corporation announced a partial waiver for property and commercial tax on Tuesday. Under the waiver scheme, no penalty or interest need to be paid. The KMC has already enforced such a scheme and has benefited greatly, said Howrah mayor Rathin Chakraborty. He said the last board, controlled by the Left Front, bungled in tax collection, resulting in tax default of around Rs 200 crore. “The state is supporting us, but we must be self-sufficient. The tax outstanding will be collected without burdening civilians,” the mayor added. http://timesofindia.indiatimes.com/city/kolkata/Howrah-Municipal-Corporation-announces-partial-waiver-of-property-and-commercial-tax/articleshow/31431111.cms




municipal

Pune Municipal Corporation has no place to dump construction debris

PUNE: If the Pune Municipal Corporation (PMC) wants to check further degradation of water bodies, land, public spaces and green areas in the city, it has to look for immediate solutions to recycle and reuse construction and demolition (C&D) waste. Hundreds of constructions have come up across the city and with as many renovations of flats and other properties, the debris is being dumped recklessly, much to the alarm of environmentalists. City engineer Prashant Waghmare said the PMC had not identified a dumping ground. “The civic body is trying hard to locate places around the city, but no village in the fringes is ready to give land for the debris. […]




municipal

Municipalities of Sask. president calls for amalgamation

"I think people are seeing that there is a problem. It's whether they are prepared to take that political risk to actually do something about it."




municipal

Financial Products and Services Firm, Two Executives and One Former Executive Indicted for Roles in Conspiracies Involving Proceeds of Municipal Bonds

A Beverly Hills, Calif.-based financial products and services firm, two of its executives and one former executive were indicted today for their participation in bid-rigging and fraud conspiracies related to contracts for the investment of municipal bond proceeds and other related municipal finance contracts.



  • OPA Press Releases

municipal

Two Former San Juan Municipal Police Officers Sentenced for Using Excessive Force Resulting in Death

Elias Perocier Morales received a sentence of 10 years in prison and Eliezer Rivera Gonzalez received a sentence of six and a half years in prison.



  • OPA Press Releases

municipal

Second Former Employee of Financial Products and Services Firm Pleads Guilty for Role in Bid-rigging and Fraud Conspiracies Involving Proceeds of Municipal Bonds

According to the charges filed today in the U.S. District Court in Manhattan, Matthew Adam Rothman of Los Angeles engaged in separate bid-rigging and fraud conspiracies with companies that provide a type of contract, known as an investment agreement, to state, county and local governments and agencies throughout the United States.



  • OPA Press Releases

municipal

Third Former Employee of Financial Products and Services Firm Pleads Guilty for Role in Bid-Rigging and Fraud Conspiracies Involving Proceeds of Municipal Bonds

According to the charges filed today, Douglas Alan Goldberg engaged in separate bid-rigging and fraud conspiracies with companies that provide a type of contract, known as an investment agreement, to state, county and local governments and agencies throughout the United States.



  • OPA Press Releases

municipal

Former Employee of Financial Services Company Pleads Guilty for Role in Bid-rigging and Fraud Conspiracies Involving Proceeds of Municipal Bonds

A former employee of a financial services company pleaded guilty today for his participation in bid-rigging and fraud conspiracies related to contracts for the investment of municipal bond proceeds and other related municipal finance contracts, the Department of Justice announced.



  • OPA Press Releases

municipal

Three Former Financial Services Executives Indicted for Roles in Fraud Schemes and Conspiracies Involving Investment Contracts for the Proceeds of Municipal Bonds

Three former financial services executives were indicted today for their participation in fraud schemes and conspiracies related to bidding for contracts for the investment of municipal bond proceeds and other municipal finance contracts.



  • OPA Press Releases

municipal

Former Owner and Chief Executive Officer of Financial Products and Services Firm Pleads Guilty for Role in Fraud Conspiracies Involving Proceeds of Municipal Bonds

The former owner and chief executive officer of a financial products and services firm pleaded guilty today for his participation in fraud conspiracies related to contracts for the investment of municipal bond proceeds and other related municipal finance contracts.



  • OPA Press Releases

municipal

Former Agent of Financial Products and Services Company Pleads Guilty for Role in Fraud Conspiracies Involving Proceeds of Municipal Bonds

A former agent of a financial products and services company pleaded guilty today for his participation in fraud conspiracies related to contracts for the investment of municipal bond proceeds and other municipal finance contracts.



  • OPA Press Releases

municipal

Former Employee of a National Bank Pleads Guilty for Role in Bid-rigging and Fraud Conspiracies Involving Proceeds of Municipal Bonds

A former employee of a national bank pleaded guilty today for his participation in bid-rigging and fraud conspiracies related to contracts for the investment of municipal bond proceeds and other municipal finance contracts.



  • OPA Press Releases

municipal

Former Employee of a Financial Institution Subsidiary Pleads Guilty for Role in Bid-rigging and Fraud Conspiracies Involving Municipal Bonds

A former employee of a subsidiary of a financial institution pleaded guilty today for his participation in bid-rigging and fraud conspiracies related to contracts for the investment of municipal bond proceeds and other municipal finance contracts.



  • OPA Press Releases

municipal

Former Employee of a Financial Institution Subsidiary Arrested on Criminal Complaint for Role in Fraud Scheme Involving Municipal Bonds

A former employee of a subsidiary of a financial institution was arrested on a criminal complaint at John F. Kennedy International Airport in New York yesterday after entering the United States.



  • OPA Press Releases

municipal

Three Former Financial Services Executives Indicted for Fraudulent Conduct Affecting Contracts Related to Municipal Bonds

Three former executives of a financial services company were indicted today for their participation in fraud schemes and conspiracies related to bidding for contracts for the investment of municipal bond proceeds and other municipal finance contracts.



  • OPA Press Releases

municipal

Former Employee of Charlotte, North Carolina-Based Bank Pleads Guilty for His Role in Falsifying Bank Records Involving Proceeds of Municipal Bonds

According to charges filed today in U.S. District Court in New York City, Brian Scott Zwerner engaged in a conspiracy to falsify bank records related to the marketing profits for an investment agreement and other municipal finance contracts, including derivative contracts.



  • OPA Press Releases

municipal

UBS AG Admits to Anticompetitive Conduct by Former Employees in the Municipal Bond Investments Market and Agrees to Pay $160 Million to Federal and State Agencies

UBS AG has entered into an agreement with the Department of Justice to resolve anticompetitive activity in the municipal bond investments market and has agreed to pay a total of $160 million in restitution, penalties and disgorgement to federal and state agencies.



  • OPA Press Releases

municipal

JPMorgan Chase Admits to Anticompetitive Conduct by Former Employees in the Municipal Bond Investments Market and Agrees to Pay $228 Million to Federal and State Agencies

JPMorgan Chase &s role in anticompetitive activity in the municipal bond investments market and has agreed to pay a total of $228 million in restitution, penalties and disgorgement to federal and state agencies.



  • OPA Press Releases

municipal

Three New Jersey Investors Plead Guilty to Bid Rigging at Municipal Tax Lien Auctions

Three financial investors who purchased municipal tax liens at auctions in New Jersey pleaded guilty today for their roles in a conspiracy to rig bids at tax liens auctions held by municipalities.



  • OPA Press Releases

municipal

Fair Housing Lawsuit Filed Against California Municipality for Discriminating Against Families with Children

The Justice Department filed a lawsuit yesterday against a California municipality and a homeowners’ association for discriminating against families with children in violation of the Fair Housing Act.



  • OPA Press Releases

municipal

Wachovia Bank N.A. Admits to Anticompetitive Conduct by Former Employees in the Municipal Bond Investments Market and Agrees to Pay $148 Million to Federal and State Agencies

Wachovia Bank N.A., which is now known as Wells Fargo Bank N.A., has entered into an agreement with the Department of Justice to resolve the company’s role in anticompetitive activity in the municipal bond investments market and has agreed to pay a total of $148 million in restitution, penalties and disgorgement to federal and state agencies.



  • OPA Press Releases

municipal

GE Funding Capital Market Services Inc. Admits to Anticompetitive Conduct by Former Traders in the Municipal Bond Investments Market and Agrees to Pay $70 Million to Federal and State Agencies

GE Funding Capital Market Services Inc. entered into an agreement with the Department of Justice to resolve the company’s role in anticompetitive activity in the municipal bond investments market and agreed to pay a total of $70 million in restitution, penalties and disgorgement to federal and state agencies.



  • OPA Press Releases

municipal

CDR Financial Products and Its Owner Plead Guilty to Bid-Rigging and Fraud Conspiracies Related to Municipal Bond Investments

A Beverly Hills, Calif.,-based financial products and services firm, and its founder and owner pleaded guilty today in the Southern District of New York for their participation in bid-rigging and fraud conspiracies related to contracts for the investment of municipal bond proceeds and other related municipal finance contracts.



  • OPA Press Releases

municipal

CDR Financial Products Executive and Former Executive Plead Guilty in New York to Bid-Rigging and Fraud Conspiracies Related to Municipal Bond Investments

An executive and a former executive of Rubin/Chambers, Dunhill Insurance Services, also known as CDR Financial Products, pleaded guilty today in the Southern District of New York for their participation in bid-rigging and fraud conspiracies related to contracts for the investment of municipal bond proceeds and other related municipal finance contracts.



  • OPA Press Releases

municipal

Two Financial Investors Plead Guilty to Bid Rigging at Municipal Tax Lien Auctions in New Jersey

Two financial investors pleaded guilty today for conspiring to rig bids for the sale of tax liens auctioned by municipalities throughout New Jersey.



  • OPA Press Releases

municipal

New York Financial Investor Pleads Guilty to Bid Rigging at Municipal Tax Lien Auctions in New Jersey

A financial investor who purchased municipal tax liens at auctions in New Jersey pleaded guilty today for his role in a conspiracy to rig bids for the sale of tax liens auctioned by municipalities throughout the state.



  • OPA Press Releases

municipal

Former Executive of New York-Based Tax Liens Company Pleads Guilty to Bid Rigging at Municipal Tax Lien Auctions in New Jersey

A former executive of a New York-based tax liens company who supervised the purchasing of municipal tax liens at auctions in New Jersey pleaded guilty today for his role in a conspiracy to rig bids for the sale of tax liens auctioned by municipalities throughout the state.



  • OPA Press Releases

municipal

New Jersey Financial Investor and His Company Plead Guilty to Bid Rigging at Municipal Tax Lien Auctions

A financial investor who purchased municipal tax liens at auctions in New Jersey, as well as a company in which he was a partner, pleaded guilty today for their roles in a conspiracy to rig bids for the sale of tax liens auctioned by municipalities throughout the state.



  • OPA Press Releases

municipal

Three Former Financial Services Executives Convicted for Roles in Conspiracies Involving Investment Contracts for the Proceeds of Municipal Bonds

A federal jury in New York City today convicted three former financial services executives for their participation in conspiracies related to bidding for contracts for the investment of municipal bond proceeds and other municipal finance contracts



  • OPA Press Releases

municipal

Former New York Employee of a Financial Institution Pleads Guilty for His Role in Fraud Conspiracy Involving Municipal Bonds

A former financial institution employee pleaded guilty today for his participation in a conspiracy related to municipal bonds.



  • OPA Press Releases

municipal

Former Financial Services Executive Indicted for His Participation in a Far-Reaching Conspiracy and Scheme to Defraud Involving Investment Contracts for the Proceeds of Municipal Bonds

A former financial services executive was indicted yesterday for his participation in a far-reaching conspiracy and scheme to defraud related to bidding for contracts for the investment of municipal bond proceeds and other municipal finance contracts.



  • OPA Press Releases

municipal

Three Former UBS Executives Convicted for Frauds Involving Contracts Related to the Investment of Municipal Bond Proceeds

A federal jury in New York City today convicted three former financial services executives for their participation in frauds related to bidding for contracts for the investment of municipal bond proceeds and other municipal finance contracts.



  • OPA Press Releases

municipal

Pennsylvania Corporation Pleads Guilty to Bid Rigging at Municipal Tax Lien Auctions in New Jersey

A Pennsylvania corporation pleaded guilty today to participating in a conspiracy to rig bids for the sale of tax liens auctioned by municipalities throughout New Jersey.



  • OPA Press Releases

municipal

Three Former Financial Services Executives Sentenced to Serve Time in Prison for Roles in Conspiracies Involving Investment Contracts for the Proceeds of Municipal Bonds

Three former financial services executives were sentenced today in U.S. District Court for the Southern District of New York, for their participation in conspiracies related to bidding for contracts for the investment of municipal bond proceeds and other municipal finance contracts.



  • OPA Press Releases

municipal

New Jersey Company Pleads Guilty for Role in Bid-Rigging Scheme at Municipal Tax Lien Auctions

A New Jersey company in the business of receiving the assignment of municipal tax liens pleaded guilty today for its role in a conspiracy to rig bids for the sale of tax liens auctioned by municipalities in New Jersey.



  • OPA Press Releases

municipal

Former Financial Services Broker Sentenced to Serve 18 Months in Prison for Role in Conspiracies Involving Investment Contracts for the Proceeds of Municipal Bonds

A former financial services broker was sentenced today in U.S. District Court for the Southern District of New York, for his participation in conspiracies related to bidding for contracts for the investment of municipal bond proceeds and other municipal finance contracts.



  • OPA Press Releases

municipal

Justice Department to Monitor Municipal Special Election in South Carolina

The Justice Department announced today that it will monitor the municipal special election on Jan. 8, 2013, in Branchville, S.C., to ensure compliance with the Voting Rights Act of 1965. The Voting Rights Act prohibits discrimination in the election process on the basis of race, color or membership in a minority language group.



  • OPA Press Releases

municipal

New Jersey Investor Pleads Guilty for Role in Bid-Rigging Scheme at Municipal Tax Lien Auctions

A financial investor who purchased municipal tax liens pleaded guilty today for his role in a conspiracy to rig bids for the sale of tax liens auctioned by municipalities in New Jersey.



  • OPA Press Releases

municipal

Three Former UBS Executives Sentenced to Serve Time in Prison for Frauds Involving Contracts Related to the Investment of Municipal Bond Proceeds

Three former financial services executives were sentenced today in U.S. District Court for the Southern District of New York for their participation in frauds related to bidding for contracts for the investment of municipal bond proceeds and other municipal finance contracts.



  • OPA Press Releases

municipal

Two New Jersey Investors Plead Guilty for Their Roles in Bid-rigging Schemes at Municipal Tax Lien Auctions

Two financial investors who purchased municipal tax liens pleaded guilty today for their roles in a conspiracy to rig bids at auctions conducted by New Jersey municipalities for the sale of those tax liens, the Department of Justice announced.



  • OPA Press Releases

municipal

Six Investors Indicted for Their Roles in Bid-Rigging Scheme at Municipal Tax Lien Auctions in New Jersey

A federal grand jury in Newark, N.J., returned an indictment against six investors for their roles in a conspiracy to rig bids at auctions conducted by New Jersey municipalities for the sale of tax liens.



  • OPA Press Releases

municipal

Former Bank of America Executive Pleads Guilty for Role in Conspiracy and Fraud Involving Investment Contracts for Municipal Bonds Proceeds

A former Bank of America executive pleaded guilty today for his participation in a conspiracy and scheme to defraud related to bidding for contracts for the investment of municipal bond proceeds and other municipal finance contracts.



  • OPA Press Releases

municipal

Former New York Tax Liens Investment Company Executive Pleads Guilty for Role in Bid Rigging Scheme at Municipal Tax Lien Auctions

A former New York-based tax liens company executive pleaded guilty today for his role in a conspiracy to rig bids at auctions conducted by New Jersey municipalities for the sale of tax liens.



  • OPA Press Releases

municipal

Is municipal bond insurance still worth the money in an ‘over-insurance’ phenomenon?

In theory, the municipal bond insurance should reduce the cost of municipal borrowing by reducing expected default costs, providing due diligence, and improving price stability and market liquidity. However, prior empirical studies document a yield inversion in the secondary market, where insured bonds have higher yields than comparably-rated uninsured bonds during the 2008 financial crisis,…

       




municipal

Navi Mumbai Municipal Corp offers reward to people who report illegal debris


Representational picture

The Navi Mumbai Municipal corporation (NMMC) has offered cash reward to those people, who report about illegal dumping of debris or garbage within the city limits, especially in mangrove areas. This announcement was made yesterday by municipal commissioner N Ramaswamy, an official said today.

The move is aimed at ensuring that debris is not dumped illegally or in a haphazard manner, the official said adding that the NMMC wants people to send pictures of illegal debris or garbage dumping. "The civic body has offered cash reward of Rs 1,000 to those who expose the people or vehicles dumping debris or garbage illegally in the city, especially in the mangrove areas, " an NMMC spokesperson said.

"The corporation wants people to take photographs of the vehicles dumping debris and send it to us. We will not only act against the vehicle owners or the persons who dump it, but will ensure that they clear the dumped debris from the spot," the spokesperson added. In order to implement this scheme, civic ward officers have been appointed as the nodal officers, he said.

Citizens can share the pictures of illegal dumping of debris on the WhatsApp number- 8422955912. They can also register complaints on the NMMC website- /www.nmmc.gov.in/. In the recent past, illegal dumping of debris in mangroves has been reported widely from the several sections of the society at several places, including Palm Beach Road and Ghansoli. "Names of those who report about debris dumping will not be disclosed," he said.





municipal

New Dengue Case Reported in Delhi's Okhla: South Delhi Municipal Corporation

In 2015, as many as 15,867 cases of dengue were reported in Delhi. A case of dengue has been reported from Okhla area of the national capital, reported an official.




municipal

CEA partners with IWMI to improve Colombo’s municipal waste management and farmers’ access to organic fertilizers

Colombo, December 10, 2013. At the request of the Colombo Municipal Council (CMC), the Central Environmental Authority (CEA), in collaboration with the International Water Management Institute (IWMI), organized a stakeholder meeting to discuss improvements that can be made to the management of municipal waste in the City of Colombo. The meeting was held at the […]




municipal

Lawsuit Case: 276 Dominic Jermano -Vs- Nanning City Municipal Court

Lawsuit Case: 276

Dominic Jermano -Vs- Nanning City Municipal Court

November 27,...