Far West

Holders of debt issued by Detroit; Harrisburg, Pa.; Jefferson County, Ala.; and Stockton, Calif.; are unlikely to get outcomes even as favorable as investors during the Great Depression, according to a report issued Thursday by Moody's Investors Service.

A tax-exempt bond advisory panel to the Internal Revenue Service has recommended that the agency publish three documents to provide guidance to issuers of small governmental bond issues and conduit borrowers of small 501(c)(3) nonprofit bond issues about complying with arbitrage rebate and yield restriction requirements.

Washington is planning to sell $295 million of bonds backed by federal highway grants next week to continue financing its floating bridge project over Lake Washington.

The bifurcated recovery between California's coastal and inland regions continues to be a drag on the state's economy, according to the UCLA Anderson Forecast's third quarterly report of 2013.

Santa Clara, Calif. must return approximately $273 million it received from its now dissolved redevelopment agency, according to a review from the State Controller.

A group of San Bernardino residents achieved success in efforts to have three city officials face a recall election during the city’s regular primary election on Nov. 5.

The West Coast Infrastructure Exchange, has released a draft of standards to help select the public infrastructure projects it will support for private investment.

The Internal Revenue Service is auditing $604.14 million of general obligation limited tax bond bank bonds that were issued by Clark County, Nev., in 2006.

Richmond, Calif., took a step toward setting up a mortgage principal reduction program for homeowners using its eminent domain powers to seize loans.

Reforms to the tax-exemption of municipal bonds should be "careful and deliberative, particularly in how they treat previously-issued debt," a report from the Committee for a Responsible Federal Budget said.