Far West

The California Legislature has another water bond proposal to consider as more lawmakers proposed a $7.9 billion water bond to replace the $11 billion water bond set to go before voters in November.

Land isn't the only thing drying up in California, as the drought's economic impacts are dangerously closing in on the state's financial resources.

The first segment of a new $5.7 billion rail line extension of the Washington Metrorail system to Dulles International Airport needs more work before it can handle passengers, the Metropolitan Washington Airports Authority said Monday.

Public pension plans should not be funded with instruments that bear risk or delay cash funding such as pension obligation bonds, a panel commissioned by the Society of Actuaries warned in a report released Monday

The Securities and Exchange Commission has approved a new rule that will require underwriters of 529 college savings plans to submit more in-depth financial information to the Municipal Securities Rulemaking Board twice a year.

California's Department of Water Resources is planning to sell $165 million of water revenue bonds to finance construction on a water system and to refund outstanding debt.

Federal Railroad Administration gave California's bullet train authority another 90 days to come up with $180 million of state match for federal spending.

The Idaho Bond Bank Authority priced the largest competitive bond sale in its history and won good interest rates after healthy bidding, said advisor Cameron Arial of Zions Bank Public Finance.

Local and national transportation officials gathered in Los Angeles Thursday to sign a grant agreement directing $670 million in federal funds to a $1.4 billion project to connect light rail lines now 1.9 miles apart on the opposite ends of downtown Los Angeles.