Far West

Federal airport grants would increase while the passenger facility charge would stay at its current level under a proposed six-year reauthorization of the Federal Aviation Administration approved late Wednesday by the House Transportation & Infrastructure Committee.

The California state government’s revenues for January fell short of projections in Gov. Jerry Brown’s budget proposal by $239.8 million after several months of exceeding expectations.

The University of California would issue $400 million of bonds as part of a proposed $1.1 billion public-private partnership to expand the campus of UC Merced, according to a report issued the state Legislative Analyst’s Office Wednesday.

Washington State sold $321.6 million of various purpose general obligation bonds and $200.5 million of motor vehicle fuel tax general obligation bonds in competitive sales Tuesday, touting the success it achieved in "volatile" market conditions.

California should rethink its reliance on bond debt to fund infrastructure, according to California Treasurer John Chiang.

Orrick, Herrington & Sutcliffe has promoted two public finance attorneys to partner.

Stacy Lewis Daher has been reappointed to the California Educational Facilities Authority, the body responsible for approving conduit bond issues for universities.

The extension of a tax that supports Honolulu’s $6.9 billion elevated rail project is a credit positive, Moody’s Investors Service said.

The Internal Revenue Service has dropped its audit of Alaska student loan bonds after concluding there were no tax violations warranting any change to the tax-exempt status of the bonds.

The Oregon Public Employees Retirement Fund (OPERF) earned returns of 2.1% in 2015,and ended the year with a balance of $68.7 billion.