Far West

The largest creditors in San Bernardino, Calif.'s Chapter 9 bankruptcy are taking opposing positions on a decision that will determine the city's eligibility to be in bankruptcy.

Several bills to help reinvent redevelopment tools for California municipalities are again making their way through the state legislature after Gov. Jerry Brown vetoed similar bills last year.

The Financial Industry Regulatory Authority fined four firms $106,000 and fined and suspended an individual for municipal securities rule violations.

A San Mateo County civil grand jury called a school district's capital appreciation bonds outstanding a "ticking time bomb."

Jeffrey Beard’s appointment as the California Department of Corrections and Rehabilitation was confirmed Thursday by the state senate.

With an upgraded rating from Standard & Poor's, the largest university system in the country is planning to sell $244 million of revenue bonds on Wednesday.

San Francisco International Airport plans to go ahead with plans to price $483 million in debt next Thursday even as the airport faces an investigation into a crash landing at the airport last weekend that left two dead and five seriously injured.

Moody's Investors Service on Tuesday withdrew the tax allocation bond ratings on four California successor agencies to the state's dissolved redevelopment agencies affecting $71.8 million in debt.

Two bills designed to reform the way California issues school district bonds received a mixed reception in the state legislature: one died in Senate committee last week and the other one appears headed for passage.

California State Controller John Chiang's monthly report on California's cash balance, receipts and disbursements showed total revenues for June equaled $13.1 billion beating the governor's May revision estimate by $1.2 billion or 10.1%.