Far West

Bond lawyers on Thursday criticized the political subdivision rules recently proposed by the Treasury Department and Internal Revenue Service, claiming they would trample states’ rights, alter the landscape for public financing, and jeopardize the tax-exempt status of millions of dollars of municipal bonds.

Puerto Rico Gov. Alejandro García Padilla said a senior member of U.S. House Speaker Paul Ryan’s legislative delegation reaffirmed a commitment to prompt action that would give the commonwealth the tools for a debt restructuring.

Hawaii next week will sell bonds competitively for the first time in more than a quarter century.

Washington State Treasurer James McIntire wants Treasury and the Internal Revenue Service to create a safe harbor for competitive sales of muni bonds in their re-proposed issue price rules.

The Securities and Exchange Commission on Wednesday charged California's largest agricultural water district and two officials with misleading investors about its financial condition when it issued $77 million of bonds in 2012.

A Chinese-owned electric car manufacturer that won subsidies from Nevada has offered to put up a $75 million surety bond to guarantee bonds get paid if its proposed North Las Vegas factory does not get built.

A $1 trillion shortfall in public pension plans is rooted in poor governance, think tank Manhattan Institute for Policy Research reported.

Los Angeles World Airports needs to reform its bidding process to move forward on its multi-billion dollar efforts to modernize Los Angeles International Airport, according to a city controller's audit.

Organizers of a muni conference that features academics, market practitioners, public officials and regulations are rebranding the event and moving it from Boston to Washington.

With one month to go until opening day, Standard & Poor’s Rating Services on Friday raised its underlying rating on the District of Columbia’s baseball park revenue bonds to BBB+ from BBB.