Far West

The University of California is planning to sell $2.6 billion of revenue bonds next week to restructure all of its outstanding lease revenue bonds issued by the State Public Works Board.

Moody's Investors Service affirmed ratings on $6.5 billion of debt issued by 14 California transit agencies and revised outlooks to stable.

Gov. Jerry Brown has appointed a new chief deputy director for budget at the California Department of Finance.

The Securities and Exchange Commission unanimously adopted a registration rule for municipal advisors, establishing that they have a federal fiduciary duty to clients if they provide advice, compensated or not, that is related to bonds or other municipal financial products and involves recommendations based on the specific needs of a municipal entity.

A judge dismissed the lawsuit brought by trustees representing a group of investors seeking to block Richmond, Calif.'s eminent domain plan.

The sentencing of former UBS banker Mark Zaino, who pleaded guilty of municipal bond bid-rigging, was rescheduled to Oct. 24 in a New York federal court.

Two bills aimed at clarifying the process for dissolving redevelopment agencies were sent to the governor for his signature, while others were put on hold until next year.

Fitch Ratings by Kern County, Calif. ratings on negative watch over financial woes being experienced by a county-owned hospital.

Rocketship Education, a San Jose-based charter organization, is moving forward with plans to open a charter school in Morgan Hill, Calif. despite failing to secure approval from the city council.

A measure to restore some funding that Orange County, Calif., lost during changes in apportionment of a state vehicle license fee passed the California legislature.