Washington Governor Signs Budget
Washington Gov. Jay Inslee has signed a state budget into law, avoiding a government shutdown and appropriating money to pay the state's bond debts.
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A list of capital projects that are in line to receive funding from state bonding includes $8 million for a Rogue Community College Health and Science Center, $4.7 million for renovation of Britt Hall at Southern Oregon University and nearly $10 million for youth corrections facilities in the Jackson-Josephine counties region.  more »
A state agency will provide a $7 million bond that will help pay for a second health science education building for Columbia Basin College's Richland campus.  more »
Standard & Poor's upgraded California's general obligation rating to AA-minus from A-plus.  more »
Bridge Strategic Partners has become the California Statewide Communities Development Authority's new program administrator.  more »
Washington State's compromise 16-year, $16 billion transportation plan includes gasoline tax increase and $5.3 billion of state GO bonds.  more »
Washington lawmakers may have avoided a government shutdown this week, but a last-minute disagreement over a school class size initiative left a $2 billion hole in the budget and likely extended the third special session at least through next week.  more »
Vernon, Calif., an industrial Los Angeles-area city, plans to issue $110 million in taxable electric revenue bonds for interest rate savings and to eliminate exposure to interest rate swaps.  more »
FAIRFIELD -- In a blistering report released Monday, the Solano County Grand Jury contends that Solano Community College's $348 million bond measure -- passed in 2012 -- misled the general public.  more »
Bakersfield, which is preparing to refinance $190 million in fixed-rate bonds issued in 2007 to upgrade and renovate the city's wastewater treatment plant No. 3, got two good ratings recently from Moody's Investors Service and Standard & Poor's Ratings Services.  more »
Single-A rated Chapman University's $130 million of unsecured general obligation bonds will seek bond investors flush with cash from July 1 interest payments.  more »
The top two officials overseeing Portland Public Schools' $482 million drive to upgrade its school buildings are departing soon, district officials announced.  more »
Oregon Health and Science University will sell $100 Million of federally-taxable debt next week.  more »

Orrick, Herrington & Sutcliffe LLP attorneys take a look at the Securities and Exchange Commission settlements with 36 municipal securities underwriters pursuant to the Municipalities Continuing Disclosure Cooperation initiative.

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