Far West

Proposed California legislation that could put $1.5 billion in bond proceeds from former redevelopment agencies into play could be credit positive for local governments, according to Fitch Ratings.

The Alaska State Senate passed a $2.1 billion budget bill on Friday, along with other bills authorizing bond issuances.

Hercules closed on its tender offer Thursday avoiding potential bond defaults and sealing the deal on the sale of its utility to invester-owned Pacific Gas & Electric.

San Mateo County is planning to sell $210 million of lease revenue bonds to finance construction for a new correctional facility in Redwood City, Calif.

The District of Columbia's new chief financial officer will likely oversee the issuance of more than $1 billion of bonds in fiscal 2015 and hopes to develop a plan that assesses D.C.'s capital challenges and how best to meet them over the long term.

The Washington State Housing Finance Commission is helping victims displaced by the recent mudslide by speeding up the process of applying for housing.

A comprehensive bill introduced by California Sen. Darrell Steinberg seeks to resolve some of the thornier issues involved in winding down redevelopment agencies including what to do about $1.5 billion of bonds issued in 2011 that are stuck in limbo.

Chicago-based William Blair & Co. is bolstering its sales and trading group in Chicago and California and making a push into the Los Angeles market with a new office staffed with veterans from De La Rosa & Co. led by Christopher Tota.

Moody's Investors Service said the deteriorating fiscal situation in North Las Vegas increases the likelihood of state intervention.

California revenues exceeded expectations during the month of March, according to a recent report from State Controller John Chiang.