Far West

The Senate adopted legislation that would provide a five-month, $8 billion bailout of the Highway Trust Fund that extends the fund's solvency through mid-December.

Moody's Investors Service downgraded three tranches of Fort Irwin Land LLC, Calif. military housing revenue bonds citing concern over volatility and debt service coverage.

California State University is planning to sell $744 million of revenue bonds this week to refund outstanding debt and provide funding for various campus projects across the state.

The Securities and Exchange Commission's Office of Municipal Securities is hiring two new attorney advisers in the latest expansion of the team tasked with providing muni market expertise to federal regulators.

Costs of complying with environmental regulations could increase for California's hydroelectric-reliant public utilities as the state's severe drought pushes them toward more generation sources with higher greenhouse gas emissions, according to Fitch Ratings.

An independent accountant hired by the Long Beach Community College District in California has estimated that the district may have to pay about $1.73 million to settle with the Internal Revenue Service under the agency's voluntary closing agreement program, an issuer official said.

A court of appeals upheld a proposed route connecting the San Francisco Bay Area to the Central Valley for California's $68 billion high speed rail project.

Municipal Assurance Corp., Assured Guaranty's municipal-only business, has been licensed by the California Department of Insurance to write financial guaranty insurance in the state alongside its affiliates Assured Guaranty Municipal Corp. and Assured Guaranty Corp.

A majority of Californians would vote “yes” to an $11 billion water bond on the November ballot, according to a survey from the Public Policy Institute of California.

Credit spreads on California's general obligation have been narrowing, both before and after the state's upgrade to Aa3 by Moody's Investors Service.