Far West

Moody's Investors Service downgraded to A1 from Aa3 general obligation bonds of Kootenai County School No. 273 in Post Falls, Idaho, affecting $8.5 million in debt.

California will try to revive residential Property Assessed Clean Energy by setting up a reserve fund that would reimburse Fannie Mae and Freddie Mac for any losses incurred from PACE liens.

The National Association of Bond Lawyers is working on projects aimed at shedding more light on the varying strength of general obligation bond pledges, as well post-issuance tax and disclosure compliance, NABL president-elect Allen Robertson said in a recent interview.

Elaine Greenberg, former chief of the Securities and Exchange Commission's municipal securities and public pensions enforcement unit, has joined the Orrick, Herrington & Sutcliffe LLP's office here, the firm announced Monday.

The Nebraska Public Power District has agreed to pay $350,000 to the Internal Revenue Service to settle a tax law dispute regarding $50.36 million of Build America Bonds it issued in 2009.

Bel Air Investment Advisors, LLC has hired two municipal finance veterans to join its fixed income team in Los Angeles.

In a report, Fitch Ratings said California's school districts are still financially vulnerable, despite some recent improvements in state funding.

The Southern California Logistics Airport Authority in Victorville notified bondholders that it defaulted on its bonds on June 4, 2013 by missing a $1.2 million payment.

A plan to use eminent domain to help homeowners with underwater mortgages is a credit negative for Richmond, Calif., according to Moody's Investors Service.

Fitch Ratings Agency placed the Foothill/Eastern Transportation Corridor Agency on Rating Watch Negative, affecting $2.3 billion in debt.