Far West

The National Federation of Municipal Analysts is preparing to push home its pro-disclosure message this year with a series of new educational papers and efforts to be even more collaborative, new NFMA board chair Jennifer Johnston said.

Qualified Public Infrastructure Bond plan marks a further step in the Obama administration's Build America Investment Initiative.

The Securities and Exchange Commission's disclosure violation self-reporting program has highlighted that issuers and underwriters should take steps to strengthen their disclosure and due diligence procedures to protect themselves from SEC enforcement action, bond lawyers said Thursday.

Treasury Secretary Jack Lew said he hopes Congress and the Obama administration can work in a bipartisan way to authorize qualified public infrastructure bonds or another type of bond program.

With almost $1 billion of January bond sales in the books, Washington plans to return to market next week with another $483.6 million in general obligation bonds.

In a formal written opinion, U.S. Bankruptcy Judge Christopher Klein reiterated that bankruptcy law gave Stockton, Calif. the legal authority to impair pensions, even though the city chose not to.

The White House generated fresh ideas aimed at curing the nation's infrastructure woes in its budget proposal, but shot itself in the foot by including a limit on the federal tax exemption for municipal bonds.

Gina Marie Lindsey, executive director of the Los Angeles World Airports which runs Los Angeles International Airport and two others, plans to retire in the spring.

The Association of Bay Area Governments plans to reimburse San Francisco the $1.3 million missing from a city redevelopment fund after an alleged theft by its finance director and conduct a forensic audit the transactions he worked on.

The Internal Revenue Service is seeking applications from issuers for unused volume cap of new clean renewable energy bonds.