The Florida Division of Bond Finance published a notice (the Notice) on June 29, 2023, providing guidance on Florida House Bill 3 (HB 3), which was signed into law on May 2, 2023, by.
The staying power of these laws will depend on a number of factors, including the willingness of states to accept increased borrowing costs or whether to utilize the laws' existing exceptions to obtain a more economically advantageous deal.
Gov. Ron DeSantis signed a law Tuesday that’s designed to eliminate the consideration of environmental, social and governance (ESG) standards from government investment strategies, procurements, bond issuances and use of banks.
The Florida Legislature has passed a law that bans the issuance of municipal bonds, such as green bonds that use environmental, social or governance criteria. The bill now heads to Gov. Ron DeSantis for his signature.
GSS bonds and other forms of sustainable finance have become a mainstream feature of Latin American debt capital markets - Sustainability issues in Latin America have.