Far West

Airport infrastructure public-private partnerships are often stymied by a web of competing local interests, aviation advocates told a House P3 panel.

Moody's Investors Service Tuesday downgraded $975 million in outstanding Clark County, Nevada Airport Enterprise senior lien bonds to Aa3. The bonds are for Las Vegas' McCarran International Airport.

The California Public Employees' Retirement System requested another extension to file court documents in its appeal of San Bernardino's eligibility to be in bankruptcy citing progress made in the confidential mediation.

Despite the warm spring weather, industry concerns over the SEC's Municipal Continuing Disclosure Cooperative Initiative have begun to snowball.

Underwriter Citi terminated a $265 million bond deal after an Anaheim, Calif. activist organization filed a lawsuit May 12 seeking to invalidate the bonds, which were to finance a convention center expansion.

Gov. Jerry Brown’s proposal to solve the California State Teachers' Retirement System underfunding could have long-term positive effects, but could pressure school districts in the near-term.

Sharon Zackula has joined the Municipal Securities Rulemaking Board as an associate general counsel.

The California legislature’s approval of a new rainy day fund measure is a credit positive, according to Moody's Investors Service.

State and local officials are worried that small issuers of municipal bonds will be disproportionately exposed to the risk of enforcement action under the Securities and Exchange Commission's continuing self-reporting program on disclosure failures, and plan to pressure the commission to extend the initiative's deadline beyond its current Sept. 10 date and offer more guidance.

Kent Hiteshew, the director of the Treasury Department's new office of state and local finance, described the office's initial areas of focus and asked municipal government finance officials to provide input about how the office could be helpful.