Far West

The Los Angeles County Metropolitan Transportation Authority will conduct a $452 million combination new money/refunding competitive sale Dec. 4 to pay for cost overruns on several projects.

The merger of American Airlines and US Airways Group can proceed as scheduled after a federal bankruptcy judge's clearance of the airlines' federal anti-trust settlement.

An arrangement in which an authority issued bonds to finance facilities that are leased to a state would not cause the bonds to be private-activity bonds, according to a recent IRS private letter ruling.

With an enhanced bond structure, Morgan Hill, Calif., was able to restructure its tax allocation bonds last week at relatively low credit spreads compared to other successor agencies.

Detroit's proposed $350 million debtor-in-possession financing would mark the largest such deal in Chapter 9 history, but not the first: that honor goes to Orange County, Calif.

Crowded terminals will become more common unless U.S. airports are able to fund the additional infrastructure needed to meet growing passenger demand.

A $7 million financing for environmental upgrades at a Universal City, Calif. Hilton is expected to propel Los Angeles County's Property Assessed Clean Energy program forward.

The recent surplus forecast from the California Legislative Analyst's Office is a credit positive for the state, according to Moody's Investors Service.

Foothill/Eastern Transportation Corridor Agency in Orange County, Calif., will restructure its toll road debt portfolio with a $2.2 billion refunding in December.

Congressional committee leaders have sent a letter to Attorney General Eric Holder expressing concerns that the proposed settlement agreement with US Airways and American Airlines might hurt less populated and rural areas.