Far West

The U.S. Department of Transportation has received 585 applications seeking $9.3 billion of Transportation Investment Generating Economic Recovery (TIGER) grants – almost 19 times more than the $500 that is to be awarded later this year.

The Port of Los Angeles board of commissioners approved a $1.17 billion budget Friday that includes no immediate plans for long-term debt.

Lawyers with Orrick, Herrington & Sutcliffe are concerned about a ruling by a federal appeals court last week that found a constitutional challenge to the Securities and Exchange Commission's use of administrative proceedings to impose penalties in enforcement cases could not move forward until the proceedings end.

Alaska's legislature passed a budget with a $3.2 billion draw on the state's Constitutional Budget Reserve after rejecting fiscal reforms urged by Gov. Bill Walker.

Former California Treasurer Bill Lockyer has been hired to help Industry, Calif. come up with a plan to deal with accounting irregularities.

With housing costs soaring as demand exceeds supply, California Treasurer John Chiang is trying to put billions of dollars in unused private activity bond authority to work to build affordable housing.

Senate Finance Committee chair Orrin Hatch, R-Utah, is concerned some private nonprofit museums may be exploiting their tax-exempt status and not providing enough public benefits.

New York City Comptroller Scott Stringer and California State Controller Betty Yee are urging public pension funds to embrace board-diversity practices inclusive of LGBT interests.

Norton Rose Fulbright announced today that 18 members of Sidley Austin's public finance practice will be transferring to the firm as part of a change that includes opening a new San Francisco office.

Former California Public Employees Retirement System chief Federico "Fred" Buenrostro received a prison sentence of four and a half years Tuesday, nearly two years after pleading guilty to accepting bribes in exchange for influencing CalPERS staff.