Hawaii Pricing $1.1B Next Month, After New Governor Elected
Hawaii plans to enter the market with a $1.1 billion general obligation sale in November, a week after voters select a new governor.
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At least two issuers recently redeemed or said they are planning to redeem bonds issued to finance detention facilities because of private use. One redemption was required under a settlement between the issuer and the Internal Revenue Service and the other was triggered by provisions in the offering document.  more »
When former California State Senate President pro Tempore Darrell Steinberg's Senate term is up this year, he will join Greenberg Traurig's government practice.  more »
Seattle's City Light Department sold $265 million of revenue bonds in a competitive offering Wednesday for the city's light and power system.  more »
California's drought has added a sense of urgency to a proposal for a $900 million seawater desalination project in Huntington Beach, Calif.  more »
Most of the Californians interviewed in a recent Public Policy Institute of California survey said they would vote for the $7.5 billion state water bond measure.  more »
Standard & Poor’s revised its outlook on Hawaii to stable from positive, affirming its AA rating ahead of plans to price $1.1 billion in debt.  more »
Fitch Ratings has upgraded the ratings on debt issued for the Sky Lakes Medical Center in Oregon to A-minus from BBB-plus.  more »
Moody's Investors Service has downgraded the rating on Antioch Unified School District based on its weakened financial position.  more »
Sanjeev "Sonny" Bhagowalia, the Hawaii governor's chief advisor on Technology and Cyber Security, was named deputy assistant secretary and chief information officer for the U.S. Department of Treasury.  more »
California's state-owned earthquake insurance provider is planning to sell $350 million of taxable bonds next week to help boost its ability to pay claims.  more »
A refunding deal assembled by the County of Los Angeles Redevelopment Refunding Authority triggered some positive rating actions for debt issued by the former Community Redevelopment Agency of Los Angeles.  more »
Moody's Investors Service affirmed Loma Linda University Medical Center, Calif.'s Baa3 revenue bond rating.  more »
In a major boost for California's high-speed rail project, the California Supreme Court declined to consider petitions challenging funding for the state's bullet train.  more »

Americans are suffering the consequences of Congress, governors and legislators across the U.S. pushing the burden of today's costs onto the backs of tomorrow's taxpayers by repeatedly putting off infrastructure repairs and new construction.

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