Far West

The Securities and Exchange Commission on Monday filed securities fraud charges against a nonprofit charter school operator in Chicago for misleading investors of $37.5 million of bonds about conflicts of interest that could have jeopardized the ability to pay debt service.

Sen. Chris Murphy, D-Conn., will propose a 12 cent per gallon increase in the federal gasoline tax to support highway and transit projects.

Bert A. Betts, who served as California's state treasurer in the 1950s and 1960s, has died at age 90.

San Pablo, Calif., acting as successor agency to its former redevelopment agency, is planning to a $52 million refunding deal to save millions in debt service payments.

The Southern California Logistics Airport Authority is using tax increment distribution revenue to cure most bond defaults, but will default on new payment, according to a document posted on EMMA.

Gov. Jerry Brown's revised proposal to change infrastructure financing district law needs more work in order to be useful, according to the League of California Cities.

The decade-long process leading to the construction of the new $1.26 billion Gerald Desmond Bridge to serve the Port of Long Beach, Calif. is gathering steam.

Mayor Eric Garcetti has nominated Gene Seroka, an executive with APL shipping line, as executive director of the Port of Los Angeles.

Reports last week of a push for Chapter 9 legislation by North Las Vegas were "factually inaccurate," according to Ryann Juden, a spokesman.

Los Angeles is moving ahead with an alternative plan to expand its convention center given fading plans for a National Football League stadium at the location.