Far West

California's Legislative Analyst's Office is suggesting that the legislature approve some of Gov. Jerry Brown's proposals to change current law regarding infrastructure financing districts, while rejecting others.

The Transportation Corridor Agencies boards voted Thursday to accept the resignation of Neil Peterson, chief executive officer of two Orange County, Calif. toll roads, who will be replaced on an acting basis by Michael Kraman.

The city of Portland, Ore., is planning to sell $30 million of new money and refunding general obligation bonds in a competitive offering next week.

Dealer groups are happy that the Municipal Securities Rulemaking Board has exempted sophisticated municipal market professionals from its proposed best execution rule, but would like more guidance and economic analysis going forward.

Courtroom sparks continue to fly between California and former redevelopment agencies nearly two years after the state's highest court ruled in favor of dismantling the tax-increment financing program that had been created to fight blight.

Federal Judge Kimba Wood, who imposed $5.6 million in fines and restitution on municipal bond bid-rigger David Rubin, called prison unwarranted for the founder of CDR Financial Products.

The state of California upsized its $1.6 billion GI deal to $1.8 billion and priced a day early on Wednesday amid strong demand.

Moody's Investors Service has downgraded the general revenue bond rating on the University of California ahead of its $750 million bond sale next month.

The Transportation Department may have to begin rationing state highway grants in July as the Highway Trust Fund is expected to dip below the critical $4 billion mark by summer.

Term limits are forcing an election-year shuffle in Nevada's finance positions.