San Bernardino Bankruptcy Exit Remains Elusive
San Bernardino reached a tentative agreement with the police union, but negotiations continue with its firefighters’ union and the holder and insurer of its pension obligation bonds.
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Although drought conditions in Oregon are bad for credit overall, and especially in agricultural communities, official drought declarations by Gov. Kate Brown are a positive development, Moody’s Investors Service said Friday.  more »
The Central Puget Sound Regional Transit Authority in Washington State is planning to sell nearly $1 billion of green bonds Aug. 4 to pay for its mass transit system and for possible refunding purposes.  more »
Moody's Investors Service upgraded the Guam Waterworks Authority to investment grade, raising $376 million of revenue bonds to Baa2 from Ba1  more »
Honolulu Mayor Kirk Caldwell announced that he has hired transit expert and consultant Michael Burns to oversee Oahu’s $6 billion elevated rail project.  more »
San Francisco residents shouldn't go thirsty when the next big earthquake hits.  more »
Standard & Poor's placed Palm Drive Health Care District, Calif.'s revenue debt on negative watch due to lack of timely information.  more »
The backers of a ballot measure to give voters direct decision-making authority over California pensions are waiting to see how the state attorney general treats it.  more »
A plan to purchase the last large chunk of undeveloped open space in the city has been approved for the November ballot.  more »
Lawmakers in Sacramento are trying to solve a very big and expensive puzzle: how to fund California’s estimated $5.7 billion annual infrastructure funding gap.  more »
San Diego city and county leaders said they remain optimistic about the city’s chances of retaining its National Football League team following a meeting with league officials on Tuesday.  more »
San Rafael voters in November will have the chance to approve two bond measures totaling $269 million to repair, upgrade and in some cases rebuild the city's schools.  more »
Moody’s Investors Service downgraded Lake Elsinore Unified School District, Calif.’s issuer rating to A3 from A2 and assigned a negative outlook.  more »
The Wyoming Community Development Authority is gearing up to issue $114 million to refund outstanding bonds and to purchase home loans as part of a program to make home buying easier for some state residents.  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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