Far West

Paul Rosenstiel, a managing director of public finance at Stifel, Nicolaus & Co, has been reappointed to the California State Teachers' Retirement Board by California Governor Jerry Brown.

Fitch Ratings downgraded Oroville Elementary School District to A-plus from AA-minus based on a structural imbalance that has steadily eroded the district's previously solid fund balances.

Moody's Investors Service affirmed its A1 underlying long-term rating on Queen Health System of Hawaii ahead of its plans to price $403 million in revenue bonds.

Jury selection began Tuesday in a federal class action lawsuit accusing the former Morgan Keegan & Co. Inc. of securities fraud for its role in underwriting $39 million of defaulted bonds for a failed artificial sweetener plant in Moberly, Mo.

Sen. Dean Heller, R-Nev., has introduced a bill that would make the deduction for state and local sales taxes permanent, while Rep. Bob Goodlatte, R-Va., has introduced a bill that would make the moratorium on taxing Internet access permanent.

A union opposed to the sale of nonprofit California hospital system Daughters of Charity to a for-profit operator has filed a National Labor Relations Board complaint as it fights to derail the transaction.

The Internal Revenue Service has announced a simplified process for issuers that have loaned proceeds of qualified 501(c)(3) bonds to borrowers that automatically lost their tax-exempt status for failing to file annual returns or notices for three consecutive years, but have subsequently received reinstatement of their tax-exempt status from the IRS.

New IBTTA president Javier Rodriguez seeks more toll options to fund investments in transportation infrastructure.

The Orange County Water District, Calif. Board of Directors voted to enter into formal negotiations with Poseidon Water to build a $900 million seawater desalination plant in Huntington Beach.

San Bernardino's pension bondholders have filed a lawsuit in the California city's bankruptcy case seeking equal treatment with the state's largest pension fund.