Far West

The total amount of outstanding municipal securities and loans in the market rose 0.6% to $3.65 trillion in the fourth quarter of last year, as U.S. bank muni holdings increased 2.5% and mutual fund muni holdings rose to a record high $658 billion.

The written opinion issued by U.S. Bankruptcy Judge Christopher Klein in Stockton’s bankruptcy conveys a mixed message for investors, according to a Moody's Investors Service report.

The California Supreme Court will review appellate court ruling that San Diego Association of Government's 40-year transportation did not meet environmental laws.

AEG gives up the ghost on plans to build an NFL stadium in downtown Los Angeles; San Diego renewed efforts to keep its NFL team.

Renown Regional Medical Center, a Reno, Nev. hospital, received a one-notch rating upgrade to A from A-minus based on its improved financial profile and changes Standard & Poor's made to the way it rates stand-alone hospitals.

A successful sale of unrated Mello-Roos bonds backed by undeveloped land may be an indication that investors are willing to buy California dirt bonds again.

Lawyers, issuer officials, and others consulted about the fund agreed that the three firms did nothing against the rules when they gave the money to the fund, which is governed by a board independent of the city leadership and which does nothing to politically support Garcetti or any other political interest.

Peter Taylor, former chief financial officer for the University of California, has been appointed to the California State University Board of Trustees.

Given the magnitude and condition of U.S. infrastructure and the Federal push to "level the playing field" by expanding the availability of tax-exempt finance for public-private partnership procurements, the U.S. is poised to become a very active and substantial P3 market.

Road builders association says it has a plan to untangle the congressional gridlock on federal transportation funding.