Court Upholds California High-Speed Rail Route
A court of appeals upheld a proposed route connecting the San Francisco Bay Area to the Central Valley for California's $68 billion high speed rail project.
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An independent accountant hired by the Long Beach Community College District in California has estimated that the district may have to pay about $1.73 million to settle with the Internal Revenue Service under the agency's voluntary closing agreement program, an issuer official said.  more »
Municipal Assurance Corp., Assured Guaranty's municipal-only business, has been licensed by the California Department of Insurance to write financial guaranty insurance in the state alongside its affiliates Assured Guaranty Municipal Corp. and Assured Guaranty Corp.  more »
A majority of Californians would vote “yes” to an $11 billion water bond on the November ballot, according to a survey from the Public Policy Institute of California.  more »
Credit spreads on California's general obligation have been narrowing, both before and after the state's upgrade to Aa3 by Moody's Investors Service.  more »
Gov. Jerry Brown signed a bill into law on Wednesday that will expand an existing law to require California debt issuers to disclose any direct loans from banks to the California Debt and Investment Advisory Commission.  more »
Fitch Ratings has upgraded the ratings on more than $1 billion of outstanding revenue bonds issued for Stanford Hospital & Clinics.  more »
Lower than anticipated tax revenues from marijuana won't impact Washington State's credit rating, according to a report from Moody's Investors Service.  more »
Former Assembly Speaker John A. Pérez, D-Los Angeles, officially bowed out of the race for California's next controller after calling off the recount of votes from the primary election.  more »
California's new water usage restrictions are a credit negative for water utilities throughout the state, according to Moody's Investors Service.  more »
The Contra Costa County, Calif. civil grand jury found that seven of its school districts have issued capital appreciation bonds in the last ten years, and is urging them not to sell any more.  more »
Providence Health & Services priced a deal to finance acquisition of a California hospital, an example of the consolidation trend in healthcare as hospitals grapple with financial pressures wrought by the federal healthcare law  more »
Fitch Ratings on affirmed its AAA long-term rating and F1-plus short-term rating on the credit enhancement program sponsored by the California Public Employees' Retirement System.  more »
The Alameda Unified School District board of education gave the go ahead for a $180 million general obligation bond for school improvements to go on the November ballot.  more »

Since the release of the Securities and Exchange Commission's final municipal advisor registration rule in September 2013, the Bond Dealers of America and its members have dedicated significant efforts and resources to work with regulators, educate issuers and ultimately be prepared to make a successful implementation of the rule.

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