Far West

The Internal Revenue Service is auditing $105.48 million of passenger facility charge revenue bonds issued by Clark County, Nev., in 2007 to finance capital improvements at McCarran International Airport.

The San Diego County Water Authority’s senior lien credit rating was upgraded to AAA by S&P Global Ratings.

The advantages a hot municipal bond market creates for issuers were on display this week when the Los Angeles County Metropolitan Transportation Authority priced a refunding deal.

President Obama is threatening to veto legislation approved by the House that would effectively block the District of Columbia from achieving budget autonomy and home rule.

The California Public Employees' Retirement System's purchase of an equity stake in the Indiana Toll Road earlier this month is part of a growing trend of public pension funds investing more directly in large infrastructure assets.

Oregon panel says state needs an additional $964 million per year to maintain and protect its existing transportation infrastructure.

Financial advisory firm KNN Public Finance has hired public finance banker Melissa Shick as a director to help with the growth the firm expects in new money issuance as California state and local issuers take aim at needed infrastructure improvements.

House Appropriations Committee adopted a proposal to increase highway and transit funding by $1.25 billion in 2017.

California Gov. Jerry Brown's recent executive order about state water restrictions is a credit positive for local water agencies, according to Moody’s Investors Service.

State and national transportation groups oppose Senate plan to reclaim more than $2 billion of unobligated highway funds.