Far West

An unfavorable federal ruling on high quality liquid asset status for municipal bonds would sharply curb bank appetite for munis, said economist George Friedlander.

The state of California is planning to sell $2.8 billion of revenue anticipation notes in its lowest cash flow borrowing transaction in eight years.

The Senate keeps transportation dollars flowing with for at least 10 months with last-minute approval of the House's $11 billion highway fund bailout.

Pedro Pierluisi, Puerto Rico's sole non-voting member of Congress, has introduced legislation that would allow the commonwealth's government to authorize certain government-owned corporations to enter Chapter 9 municipal bankruptcy.

A water main break that flooded the University of California-Los Angeles campus in Westwood raises the specter of the need for the Los Angeles Department of Water & Power to ratchet up its capital improvement program.

Hawaii took advantage of a market starved for bonds to increase the size of its highway revenue deal and lower its borrowing costs.

The Los Angeles County Metropolitan Transportation Authority’s board voted last week to study the feasibility of creating a light rail system on the Orange Line to connect the San Fernando and San Gabriel Valleys.

San Francisco Mayor Ed Lee approved a $500 million general obligation bond measure that will go before voters on Nov. 4.

The state of Oregon has been taking advantage of market conditions by refunding its outstanding debt at lower interest rates to save around $80 million since 2013, according to Treasurer Ted Wheeler.

As banks make more loans to lower-rated municipalities, they may have to follow Interagency Guidance on Leveraged Lending that was developed with private and corporate borrowers in mind.