Far West

Puerto Rican investors in municipal bond closed-ended funds run by UBS AG, Banco Popular and Popular Securities sued the firms.

San Francisco is proposing a $500 million general obligation bond as part of a $1.5 billion transportation package for the November ballot.

California Gov. Jerry Brown's new rainy day fund proposal could help improve the state's credit quality, according to a report from Standard & Poor's.

The National Association of Bond Lawyers urged the Treasury Department and Internal Revenue Service to provide guidance in the coming year on matters ranging from President Obama's health care reform law to the definition of a political subdivision.

As California's housing market recovers, property tax payments for some will likely increase by more than 10% for the next several years, causing local property tax revenues to grow, according to California's legislative analyst's office.

The Municipal Securities Rulemaking Board is revising its proposed rule governing the duties of municipal advisors in response to market comments, and will also propose amending its pay-to-play rule to cover MAs, the MSRB announced Tuesday.

Large public funds tracked by the Wilshire Trust Universe Comparison Service outperformed small ones in the first quarter of 2014.

Nearly insolvent North Las Vegas is facing the same four factors that contributed to the financial distress of Harrisburg, Stockton and Detroit, according to a recent report from Fitch Ratings.

The Washington Higher Education Facilities Authority privately placed $34 million of bonds to fund construction projects at Saint Martin's University.

The California Public Employees' Retirement System has filed a friend of the court brief in support of appeals to Detroit's eligibility to be in bankruptcy.