Far West

The Municipal Securities Rulemaking Board announced on Tuesday which registered brokers, dealers, and municipal advisors will be required to participate in testing business continuity and disaster recovery plans.

A California pension reform ballot measure will not go before voters this year, with supporters saying they will wait for what they hope will be an easier path forward in 2018.

States can begin expending their share of the $39.7 billion of federal transportation funding provided in fiscal 2016 by the new FAST Act.

Only Congress can take the necessary steps to fully resolve Puerto Rico's debt crisis, Treasury Secretary Jack Lew said in a letter to congressional leadership on Friday.

The Los Angeles Rams' planned stadium in Inglewood, Calif. is a credit positive for the city, Moody's Investors Service said.

A Securities and Exchange Commission proposal designed to bolster liquidity risk management among open-end funds would likely reduce the funds' appetite for municipal securities and deter infrastructure projects, the Government Finance Officers Association warned.

The San Francisco Bay Area Restoration Authority will ask voters to impose a new parcel tax in that could be used as a means to back bonds.

Long Beach, Calif. is using a public-private financing method rarely seen outside the transportation sector in the U.S. to build a new city hall, port headquarters, library and park.

The St. Louis Rams beat out two other National Football League franchises and won the league’s permission to relocate to the Los Angeles area, where they plan to build a stadium in Inglewood.

Capital needs are rising in the public transportation sector as aging infrastructure must be repaired or replaced, S&P says.