Far West

The Alaska Municipal Bond Bank is planning to sell $62 million of taxable and tax-exempt bonds next week to help local governments finance new projects.

A bipartisan agreement on a farm bill includes a one-year extension of funding for the federal payments in lieu of taxes program through fiscal 2014.

The state of California has chosen San Jose and the Santa Clara Unified School District to purchase an 81-acre former mental institution property.

Oakland, Calif.-based KNN Public Finance, a division of Zions First National Bank, announced on Friday it has opened a Southern California office in Irvine with new hires Blake Boehm and Justin Rich.

Fitch Ratings upgraded Mendocino County, Calif.'s pension obligation bonds Series 2002 ratings to A from BBB-plus affecting $74.2 million in debt, and also boosted the implied general obligation rating two notches.

The Federal Reserve Bank of San Francisco appointed Gina Marie Lindsey, executive director of Los Angeles World Airports, to the board of its Los Angeles branch.

Alaska Department of Revenue Commissioner Angela Rodell has appointed the state's former comptroller to lead the treasury division.

Proposed federal legislation would revive state infrastructure banks as a funding option for local transportation projects.

Baltimore-based developer The Cordish Companies has until June to submit a proposed financial agreement to the Las Vegas City Council to develop a $390 million arena and entertainment district.

Gov. Jerry Brown's recent declaration of a statewide drought is a credit negative for local water agencies in California, according to Moody's Investors Service.